Overview

An accounting system is a set of processes that create, record, classify, summarize, analyze, interpret, and communicate information. Business owners use that information to stay informed, make business decisions, and increase their company's financial position, profit, and cash flow.

Bookkeeping is the day-to-day creating, recording, classifying, and summarizing of financial transactions; such as sales and receipts and purchases and payments, and is the foundation of an accounting system.

Accounting is analyzing, interpreting, and communicating business information; such as financial position, profit, and cash flow, and is the pinnacle of an accounting system.

This guide details how accountants perform accounting and work with their client's bookkeeper to prepare timely, relevant, and reliable business information and help business owners make informed decisions.

Accounting with QuickBooks Online Accountant Supplemental Training

NACPB provides Pro members Accounting with QuickBooks Online Accountant training to supplement the Guide.

Table of Contents

1. Introduction: Accounting System
2. Accountant Tools
3. Setting Up Your Books
4. Setting Up Your Practice
5. New Client Setup Workflow
6. Performing Bookkeeping Services Workflow
7. Performing Payroll Services Workflow
8. Performing Accounting Services Workflow

Materials

• Print
• Spiral bound
• 285 pages
• Checklists
• Task Schedules

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