CLCPA will create and reconcile QuickBooks Online to appropriate bank supporting documentation to populate complete and accurate financial information.  The key activities will include:
 

• Review overall QuickBooks Online configurations. Make any configuration adjustments as determined necessary:

  • Analyze Business Requirements and select appropriate QBO subscription

  • Review and configure accrual vs cash basis of accounting

  • Sales tax review and setup

  • General configuration setup

  • Custom Chart of Accounts setup & create chart of accounts numbering system

  • Custom financial report creation

 

• Import and post transactions within checking and credit card GL accounts for completeness and accuracy. Remediate any issues identified as a result of this review until banking, credit card, income and expense accounts reconcile to appropriate supporting documentation. Post manual adjusting journal entries within QuickBooks Online as necessary. 

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• Complete account reconciliations using the account reconciliation function within the QuickBooks Online application for checking and credit card accounts and produce supporting documentation for each reconciliation.

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