Bookkeeping

Discussion in 'The Think Tank' started by Georgiascp, Jun 30, 2016.

Tags:
  1. Georgiascp

    Georgiascp Active Member

    Joined:
    Jun 20, 2014
    Messages:
    391
    Likes Received:
    101
    Trying to improve and better organize our bookkeeping what is your process do you use a program or do you have someone do it. CPA is too expensive and I am horrible at it not to mention I hate doing it (I know I know). Trying to get it together so its easier efficient and accurate. Come end of year my CPA has a lot of questions and corrections. Kind of doing manual imputing at this point which is a major pain in the ass. Pros and cons would be appreciated. We have a simple operation takeout and delivery. I need a better way.
     
  2. tguag

    tguag Active Member

    Joined:
    Dec 7, 2013
    Messages:
    575
    Likes Received:
    189
    Location:
    Chicago, IL
    i use quickbooks...looked up tutorials on youtube. I can never seem to get it right but still wast hours a week working on it...sometimes i feel like a fool wasting my time when numbers never match with my bank statement...someone give us a better way!!!!
     
    Georgiascp likes this.
  3. Georgiascp

    Georgiascp Active Member

    Joined:
    Jun 20, 2014
    Messages:
    391
    Likes Received:
    101
    I spent about an hour today looking at quickbooks as this is the most popular software and also what my cpa recommends be he also recommend a bookkeeper but it just doesn't feel right to hand all that paperwork and numbers over to someone else.

    Sent from my SM-N920V using Tapatalk
     
    idahopizzaman likes this.
  4. paul7979

    paul7979 Well-Known Member

    Joined:
    Jun 12, 2006
    Messages:
    2,463
    Likes Received:
    178
    Location:
    gainesville, florida
    My wife does the books using quickbooks and my CPA does end of the year taxes. We use a leasing company for our payroll so there's one check that covers all of our biweekly payroll, withholding, workers comp ect. Makes life much easier rather than dealing with 35 payroll checks, monthly insurance checks, quarterly tax withholding payments. Outside of this, there's probably less than 30 checks a month written, pretty easy to reconcile. But she will spend 2 hours to find out why her check register is a nickle off of the bank statement.
     
    famousperry and idahopizzaman like this.
  5. d9phoenix

    d9phoenix Well-Known Member

    Joined:
    Mar 21, 2012
    Messages:
    695
    Likes Received:
    293
    Location:
    Boulder, CO
    Similar to paul7979. I use a CPA Monthly, and we use quickbooks. I input about 20% of the info and she does the rest. I balance everything on spread sheets before she enters the data into quickbooks (saves her quite a bit of time and a load of money for me).

    Payroll, taxes, etc .. i have my payroll company handle. So all i do is run a time sheet and input the data to their servers. Then i just take the reports they generate and my CPA throws that info into quickbooks.

    I keep a balance sheet for myself outside of quickbooks (excel) that i use for day to day stuff and i always know exactly where my real balances are every day (my accountant has even used it a couple times to figure out inconsistency's in quickbooks lol).
     
    famousperry likes this.
  6. Patriot'sPizza

    Patriot'sPizza Well-Known Member

    Joined:
    Feb 15, 2007
    Messages:
    2,023
    Likes Received:
    58
    Location:
    Lake Mary, FL
    the older versions of QB function much better/easier, IMHBCO...USMC Auditor...Semper Fi!
     
    idahopizzaman and Georgiascp like this.
  7. jokergerm

    jokergerm Active Member

    Joined:
    Nov 1, 2007
    Messages:
    746
    Likes Received:
    94
    I use QB and we have a book keeper for data entry and taxes, I do checks in QB. She does all the taxes, payments, etc etc $800 a month for both stores, for all bookkeeping

    Seems high but i don't want to deal with it and its a lot of work
     
  8. johnmorrison

    johnmorrison Active Member

    Joined:
    Dec 14, 2013
    Messages:
    258
    Likes Received:
    82
    after struggling for years with paperwork, finally found THE BEST SOLUTION !!!!!!!! got married to a great lady with an accounting degree who uses quickbooks !!!!!!!!
     
    Jeremy, idahopizzaman and Georgiascp like this.
  9. tguag

    tguag Active Member

    Joined:
    Dec 7, 2013
    Messages:
    575
    Likes Received:
    189
    Location:
    Chicago, IL
    ha ha ah...i married a great lady with a human resources degree...can we have more than 1 wife outside of Utah?
     
  10. Steve

    Steve Active Member

    Joined:
    Oct 25, 2014
    Messages:
    704
    Likes Received:
    174
    Speedline has an integration with Quickbooks that you can easily import the each "End of Day" report rather easily


    Sent from my iPhone using Tapatalk
     
  11. tguag

    tguag Active Member

    Joined:
    Dec 7, 2013
    Messages:
    575
    Likes Received:
    189
    Location:
    Chicago, IL
    yeah, that never worked for me. I do it by hand, its not so bad takes about 3 or 4 minutes a day end. I usually pile up a few days at a time.
     
  12. Palos Verdes Pizza

    Palos Verdes Pizza New Member

    Joined:
    Apr 11, 2017
    Messages:
    9
    Likes Received:
    0
    Location:
    Opening soon
    Regular QuickBooks and chart of accounts for restaurants provided by Jim Laub - restaurantowner.com . I would give the chart of accounts to any bookkeeper so they know how to do the chart of accounts correctly.