But if you have a new client that hasn’t been using QuickBooks before, you should have a standard process for making sure that they’re set up correctly in the system. If they’re an established company, you’ll need to make sure that you’re importing all their information from their prior system. If they’re a new business, you’ll want to ensure that they get going on the right foot. At the early stages of your engagement, it’s the client’s responsibility to ensure you have the documentation you need to be as effective as possible.

1. The onboarding process is a client’s first chance to get to know your business properly.
2. Onboarding is also when the client gets connected with your team, so it’s essential that everyone within your firm makes a good first impression as well.
3. Linking financial institutions allows for automatic transaction downloads, reducing manual data entry.
4. A good client onboarding checklist determines whether a customer will remain faithful to using your products.

Migrate your Client’s Data to QuickBooks Online

By following the checklist’s comprehensive items, you can streamline the onboarding process, enhance accuracy, and ensure that your clients are cash book excel well-prepared to use Quickbooks effectively. From setting up accounts to customizing templates, this checklist covers it all, making financial management a breeze. Check out the FAQs below for additional guidance on using the Quickbooks New Client Checklist effectively. Start by collecting all your client’s financial data, including past accounting software files, spreadsheets, bank statements, invoices, and expenses.

Configure sales tax settings:

Your marketing effort and fabulous sales pitch landed you a brand-new client. And you might think this is the most significant moment in the client relationship. However, it’s the onboarding phase that determines the difference between long-term success and an increased client churn rate.

You 7 4 prepare flexible budgets will probably need to assist with linking accounts to your client’s QuickBooks. However, doing so means that you will spend significantly less time on data entry and will provide more efficient and accurate bookkeeping services. The bank feeds provide a complete picture of the transactions in the bank, although they need to be reviewed for accuracy through regular reconciliations.

Import or input financial data:

This step can also include discussion about whether QuickBooks managed payroll services are right for the business. Like evaluating the client’s reporting needs, this step can help you get them set up right from the start. If your client is using a third-party to run payroll, you can skip this step.

Enter all relevant information on the client, including the full company name, address, and preferred contact details. So give the client time to ask any burning questions and be ready to provide solutions. You can also maintain your records on cloud-based spreadsheets and documents, which other employees can easily access. You need to ask your client to allow you access to the firm’s inventory records.

This meeting can be done virtually or in person, but having a kickoff meeting will allow you to discuss the company’s financial structure. The discussion should include the number of bank accounts, credit cards, and loans that the company has. Then reducing family business drama assign each team member a task and attach deadlines and instructions on how you want the project done.

Onboarding is also when the client gets connected with your team, so it’s essential that everyone within your firm makes a good first impression as well. That’s when they get to see you “walk the walk” from your initial sales pitch. Sales tax rates and rules can change, so it’s essential to regularly update these settings to ensure accurate calculations and compliance.