| Looking for a Bookkeeping / Accounting / CPA firm - | | | | opportunity to use them, and if someone can explain |
| which works for your best interest? | | | | you the details of the feature instantly then it is great |
| Hiring the right Bookkeeping firm is an important aspect | | | | sign of their knowledge. |
| of your business. What do we look for in the firm we | | | | We are maintaining our bookkeeping in Peachtree |
| select to serve our business? Is it their business | | | | Accounting, can the data be transferred to |
| knowledge, skill sets, their approach & attitude, their | | | | QuickBooks? |
| passion towards work, customer service, price or a | | | | An experience QuickBooks user will instantly say that |
| mixture of everything? You ask me, I’d say | | | | it can be done. QuickBooks has a conversion feature |
| everything! | | | | wherein a data can be converted from Peachtree |
| A lot of things from these mentioned points can be | | | | Accounting or many other similar accounting system in |
| found out only by talking with them or by passage of | | | | QuickBooks. |
| time. However you can make an initial decision to go | | | | General accounting knowledge: |
| with them based on some skills and knowledge related | | | | What is the difference between capital expenditure |
| questions. | | | | and regular business expense? |
| Why does it become so important to test a firm for | | | | An Accountant should be able to explain you a |
| their knowledge / skills before we outsource our | | | | difference between an asset and an expense. Any |
| accounting work to them – Well it’s because the | | | | expenditure that is associated with that asset usually |
| costs you pay every time you move your accounting | | | | qualifies as a Capital Expenditure. |
| firm can be huge. Also untimely and inaccurate reports | | | | Explain the differences between purchasing a |
| can put you under heavy penalties from taxing | | | | computer and a travel expense, with respect to |
| authorities. | | | | profitability, cash flow and general accounting? |
| We have used various questions below which will help | | | | An experienced bookkeeper will understand |
| you when interviewing your bookkeeping / accounting | | | | depreciation and easily talk about this. |
| compliance firm in your initial conversation with them. | | | | Excel: |
| With these questions you can test their knowledge in | | | | Scenario: you have a spreadsheet with information on |
| QuickBooks, Excel and General Accounting / | | | | 500 products. You have a column which says the |
| Bookkeeping concepts. | | | | total available quantity. You want product line arranged |
| QuickBooks: | | | | in ascending order of quantity. |
| Are you Quick book certified? | | | | An experience Excel user will immediately tell you that |
| Having a QuickBooks ProAdvisor License or a | | | | this can be done by sorting. |
| QuickBooks Certified User really differentiates a | | | | General Business Knowledge: |
| person / entity with other service providers. After | | | | You have a friend who is considering purchasing a |
| achieving the ProAdvisor or Certified User status | | | | company and she asks you to look at the numbers |
| these QuickBooks professional gain required | | | | and let her know what you think. What do you do? |
| knowledge and skills needed to assist you with your | | | | There is no definite answer to this question. However |
| Bookkeeping assignment. | | | | an experience Accountant will talk to you about terms |
| Can you show us the process of invoicing and | | | | like due diligence, profitability of the firm compared to |
| collecting from a customer in QuickBooks? | | | | industry standards, cash flow analysis, balance sheet |
| A QuickBooks Certified user or a QuickBooks | | | | analysis, etc. |
| ProAdvisor will mention creating an invoice, receiving | | | | ICS Accounting Team is a group of professionals who |
| payment and making a deposit, QuickBooks aging | | | | are QuickBooks ProAdvisor and Certified Users. ICS, |
| reports and QuickBooks pre-written collection letters. | | | | Inc ( offers a wide range of services typically offered |
| Can you show us how to use QuickBooks to track or | | | | by a Big 5 Accounting firm and a CPA firm in the U.S. |
| manage employee’s time? | | | | ICS offers Incorporation, Book Keeping, Payroll |
| QuickBooks has some neat time tracking | | | | Services, HR & Business Consulting etc. |
| features. An experienced QuickBooks have had the | | | | |