Arizona Accounting

Software Advisors

Jacobsen & Wachterhauser accountants offer accounting software assistance with all major accounting programs, including QuickBooks®, Peachtree, and TurboTax. Our assistance will help keep your business running smoothly and get those individual income tax returns prepared more accurately.

We offer QuickBooks®, Peachtree, and TurboTax help, troubleshooting, and support with data entry, invoicing, financial statement preparation, receivables, expense reports, sales, and everything in between.

QuickBooks®, Peachtree, and TurboTax accounting assistance is available to small business owners throughout metro-Phoenix, including Scottsdale, Paradise Valley, Mesa, Glendale, Gilbert, Chandler, Avondale, Tempe, and Peoria.

We are always available to assist you with your accounting software needs. Our offices are conveniently located in Phoenix’s Camelback area, please click here to contact us with your questions.

The Accounting Cycle for QuickBooks® & Peachtree
Accounting cycles for every type of business can vary dramatically from company to company; however, there are many basic steps that most businesses strive to follow in their own accounting cycle and with their accounting software. Below is a discussion of the accounting cycle for a typical business, including the overall accounting practices and a detailed description of the people, processes, and systems that are integral to QuickBooks®.

Indentifying Transactions with QuickBooks®
Most businesses will begin their accounting cycle by properly identifying all transactions and notable events that have occurred during throughout the year. Often, office managers record these actions using QuickBooks®, including external events and internal events; e.g. transactions—both purchases and receiving payments for services, changes in pricing, and increases in spending. Transactions are most commonly recorded for receiving payments and for making payments to suppliers; however, other transactions include paying taxes, investments by the firm, and the distribution of earnings to shareholders.

Journalizing with QuickBooks®
QuickBooks® accounting software is ideal for keeping a general ledger of all transactions that have an effect on the firm’s assets and liabilities, revenue, and expense accounts. It is important to have a general account of the firm’s assets—mainly property and equipment, and how much funding has been allocated towards those assets. Because most firms are diversified in various marketing service, it is important to properly record revenue and the sources that generate sales. On a similar note, it is important to properly document the receipts for each expenditure for specific needs. It is not uncommon for companies to outsource services to multiple independent contractors; which makes keeping an accurate account of every transaction vital to ensure proper tracking and financial reporting.

With the technology available to accountants and small business owners today, the processes of one’s accounting cycle is a much more simplistic task. Computer software such as QuickBooks®, Peach Tree, and Microsoft Business Solutions can be purchased for considerable low costs and interpreted by most computer savvy individuals with a basic understanding of bookkeeping. Using such software allows small businesses and sole proprietorships to save money on accounting expenses by having the work done themselves, or in-house.

Additional QuickBooks® Information:

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Click here for more QuickBooks® information.