Know the type of inventory the business has, its volume, and the type of inventory management system they have. Also, ask if the inventory is part of their balance sheet or expenses. You can assess the client’s inventory situation and offer the best inventory services through it. Feedback is important in any setup, and it leaves both parties satisfied. So give the client time to ask any burning questions and be ready to provide solutions. As you can see, having an established workflow for things like client onboarding for QuickBooks can help you quickly and efficiently onboard new clients.
What Is the Client's Business About?
This allows you to establish a connection between QuickBooks and the client's bank account to streamline and automate data entry. Some clients may require data migration while others may require data conversion. Read more about choosing the right data migration method for your client. The onboarding process is a client’s first chance to get to know your business properly. Being onboarded with a standardised process from start to finish helps to build your clients’ confidence in your business, saves time and keeps things moving. For the purposes of this article, onboarding is defined as the process of bringing a new client on board, incorporating training and orientation.
Lessons learned on how top firms grow fast, build stronger teams, and increase profit while working less. You will also need an item list for items they sell along with existing inventory and basis. @Anonymous is the secret gatekeeper of all things checklist oriented with Intuit. By accessing and using this page you agree to the Website Terms of Service. In order to actually get to work, you need the right permissions to act as their QuickBooks Online accountant.
How Do I Onboard a New Bookkeeping Client?
- Ensure all of their financial data is accurately migrated or converted to your client’s QuickBooks Online account.
- If your client selected one of the higher tiers of QuickBooks Online, you can directly import the bank statements when the bank accounts are updated.
- Additionally, it should cover the banking establishments that are used by the company.
- Review the project’s details and answer any client questions during the meeting.
Contact us to learn more about the best tool to make your onboarding process easier. Having an in-person meeting with the client is advisable to get to know one another better and grow trust. Though there are several differences between the tiers, one of the main differences is the advanced reporting and class tracking that is available in the higher QuickBooks Online tiers. If your client does not have a need for these, they can start off at a lower tier, save money, and upgrade later if need be. When you're working with the self-paced modules in QBOA, there's also a document that you can reference as a guide while you're working through or to keep on hand for later. It's in that guide that you'll find the checklist the module is referring to.
Remember to note important details during the client onboarding meeting and follow up later to ensure everything runs smoothly. This gives you access to additional features not available to regular users such as the ability to undo reconciliations and batch reclassification of entries. All QuickBooks Online subscriptions come with the ability to add two accountants. You can be added as the bookkeeper and the client can also grant their CPA access to their books. You can choose to record training videos for navigating through the dashboard, accessing relevant features, and customizing their interface.
Step 4: Ask the client to grant you accountant access to their books.
Additionally, it should cover the banking establishments that form 720 preparation are used by the company. You want to ensure you are aware of all of the movement of funds within the company. This is also a good time to take inventory of any personal accounts that are linked to the company accounts that regularly contribute funds and take withdrawals.
Whether the prospective client is a new or established business, using the following standardized steps will make your life (and theirs!) easier. I love that you're sharpening your QuickBooks Online skills by going through the certification modules in QuickBooks Online Accountant (QBOA). This is a great way to learn how to use the program so you can work with your clients and to wow your clients when you actually begin working with them. A checklist to get things going is a good place to start, and I'd be happy to point you in the direction of the New Client Checklist mentioned in the module. Every business has long intangible assets and short goals, which they create at different times.
Also, let the client know your preferred work hours and your contacts. Use this handy form in your initial new client meeting to establish their needs and identify which QuickBooks solution is right for them. You could track all of these processes using a spreadsheet or Google Docs, but there’s no need to reinvent the wheel. Jetpack Workflow has 32 standardized accounting workflow templates that can be downloaded for free.
Before agreeing to work together, take your time and review the project's goals, achievements, and processes. Talk about the roles and expectations of all the team members toward the Quickbooks new bookkeeping client checklist. Be transparent to avoid misunderstandings later, and make sure stockholders equity your client gets clarifications where necessary. Getting a new client in a competitive market takes a lot of work and dedication. Despite that, your hard work's success depends on your client onboarding process. It is imperative to understand the value in a new bookkeeping client checklist.
If they’re a new business, you’ll want to ensure that they get going on the right foot. Small business clients are often very savvy in their fields but may not understand the finer points of accounting. Giving them a small sample of a couple of months of accounting to review gives them something concrete to provide comments on. This step can also include discussion about whether QuickBooks managed payroll services are right for the business. Whether you’ve been a bookkeeper for decades or you’re just getting started, some of your clients will be using QuickBooks. If you’re taking over existing clients on QuickBooks, they might already have their books set up and running, and you’ll be stepping into a well-oiled machine.
