Initial File Set Up
Setting up your accounting files correctly right from the start is essential to the financial success of your business. A solid workflow provides the foundation for organized accounting practices and ease of financial management. At In Balance Bookkeeping Solutions, we offer initial file set up for new businesses, but we are also available for businesses who would like their existing file set up modified and streamlined for more clarity, organization, and efficiency. After meeting with your business and understanding your unique needs, we can begin implementing new systems to best manage your finances.
What is Involved in an Initial File Set Up?
When you schedule an initial file set up, or are ready to modify your existing processes, In Balance Bookkeeping Solutions will begin by setting up a consultation to determine the action plan for your business needs. Once we have agreed to a plan, we can:
- Install your accounting software
- Training staff to work with the accounting software
- Set up your accounting software with company information
- Enter creditor information and opening balances
- Enter customer information and opening balances
- Create a customized chart of accounts
- Create service items for invoicing
- Set up asset, liability, and equity account records
- Set up payroll
- Customize invoice format and sales forms
When your initial file set up is complete, we can schedule additional time to discuss your ongoing needs for bookkeeping services and financial management. When you set up an efficient framework for keeping your books right from the start, you can benefit from having a streamlined, organized, and professional process to work with as you grow your business.
