If you need training on how to set up and operate QuickBooks, get on the waitlist to be notified when QuickBooks Training opens for registration in 2015!
We value the relationships we have established with our clients, including our work with accounting firms. Our expert professionals work hard to deliver timely and accurate data and reports. We have consistently achieved a 95%+ annual customer renewal rate for our existing accounting, bookkeeping and tax preparation clients. Over 50% of our existing clients have chosen to increase their service requirements with us.
In addition to our accounting solutions and bookkeeping solutions, they have opted to engage us for our business support solutions, such as it services and web marketing, to help move their business forward.
Prior to computers and software, the bookkeeping for small businesses usually began by writing entries into journals. Journals were defined as the books of original entry.
In order to reduce the amount of writing in a general journal, special journals or daybooks were introduced. The special or specialized journals consisted of a sales journal, purchases journal, cash receipts journal, and cash payments journal.
The company’s transactions were written in the journals in date order. Later, the amounts in the journals would be posted to the designated accounts located in the general ledger. Examples of accounts include sales, rent expense, wages expense, cash, loans payable, etc.
Each account’s balance had to be calculated and the account balances were used in the company’s financial statements. In addition to the general ledger, a company may have had subsidiary ledgers for accounts such as accounts receivable.
Handwriting the many transactions into journals, rewriting the amounts in the accounts, and manually calculating the account balances would likely result in some incorrect amounts. To determine whether errors had occurred, the bookkeeper prepared a trial balance.
A trial balance is an internal report that lists 1) each account name, and 2) each account’s balance in the appropriate debit column or credit column. If the total of the debit column did not equal the total of the credit column, there was at least one error occurring somewhere between the journal entry and the trial balance. Finding the one or more errors often meant spending hours retracing the entries and postings.
