Tuesday, February 27, 2007

QuickBooks - what is not to love?

I helped a client put their manual books into QuickBooks. We entered the closing balances from December 31, 2005 as a starting point. Then they entered ALL of the data for 2006. Once they were done, I spent 8 hours with them explaining how to make corrections, changes, and verifying that the ending balances were correct on both the Balance Sheet and the Income Statement. I was very excited to see the end result they had created. The following work day, a question came in regarding a discrepancy between 2 sets of books and we were able to identify the difference within 15 minutes by drilling down from the trial balance on various revenue accounts. Without the automated record, this would have taken considerable time to backtrack through all the bank deposits and document all the detail to prepare for comparison to the other set of books.

Then, we spent 3 hours bringing the 2007 books up to date and adding more balance sheet accounts. It is so gratifying to see people excited about having access to real time data and feeling empowered to maintain it. I love that QuickBooks can make bookkeeping easier for the unskilled bookkeepers. With a little help throughout the year, I see smooth sailing ahead.

I love my work.