QuickBooks® Pro
Certified Advisor

Jacobsen & Wachterhauser, PLC offers QuickBooks® assistance and help with your company’s taxes due and financial statement preparation. We are experienced and knowledgeable in most accounting software programs and can help integrate your company’s year-end reports with QuickBooks®.

Our QuickBooks® Pro Certified accountants are CPAs, guaranteeing the highest quality of work and overall help with your company’s accounting and internal control needs.

Visit us at our Camelback area offices, which are centrally located in Phoenix. Our doors are always open to assist you with your accounting software needs, no issue is too small or too large for us to handle. To schedule an appointment, click here to contact us.

About QuickBooks® Posting:
QuickBooks® will update ledger accounts when data is entered into the journal. When a payment is received and journalized it is then automatically credited to the cash account ledger. Likewise, when creditor and lender payments are made; or, for example, when new computers are purchased, the appropriate ledger accounts are adjusted when the items are originally journalized.

The current accounting cycle for many businesses is the same as the calendar year. At the end of the year, the right accounting software, such as QuickBooks®, can prepare a trial balance. The trial balance will list all accounts as either debits or credits, and then totals out individual entries.

About QuickBooks® Adjustments:
On occasion, adjusted entries are necessary at the end of the accounting period to ensure revenues are properly recorded in the period that they are earned. It is not uncommon to receive payment on outstanding invoices after the trial balance has been produced. Costs may not always be recorded during the correct period; i.e. employee earnings and asset deterioration. These adjustments are automatically reported to the correct accounts when properly entered into QuickBooks®. After all adjustments have been accounted for, an adjusted trial balance is produced by QuickBooks®.

About QuickBooks® External Accounting Cycle:
When the adjusted trial balance is complete, the information is usually sent to an external accounting firm. The accounting firm will use the data, recorded and stored by QuickBooks®, to prepare financial statements—income statement, balance sheet, retained earnings statement, cash flow statement, P&L, etc. This information is then returned and, if need be, used by the firm for internal purposes. The accounting firm will also prepare tax returns and submit the necessary filings on behalf of the company.

If additional accounting or tax preparation work is needed, most accounting professionals are familiar with such programs and can easily prepare tax returns or financial statements directly from the accounting software files. While these modern accounting techniques are continuously being adopted by small companies, it is still vital that the accounting software data is properly analyzed for any discrepancies.

Additional QuickBooks® Information:

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