bookkeeping appreciation with quickbooks online harmony
DESCRIPTION
We conducted a DIY bookkeeping event for startups in JFDI.Asia on 25 July 2014: http://futurebooks.com/blog/bookkeeping-appreciation-with-qbo-harmony-hosted-at-jfdi-asia/12188 The session covered everything you need to do-it-yourself bookkeeping in the first year of operation with QuickBooks Online Harmony. After the presentation, we moved on to a live demo of QBO.TRANSCRIPT
Prepared for JFDI.Asia
Singapore 25 July 2014
BOOKKEEPING
APPRECIATION
WITH QBO HARMONY
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LAUNCH YOUR BIG IDEA
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Incorporation ,
company secretary,
work passes
Bookkeeping, annual
financials and
company tax
Sale of the
business
FUTUREBOOKS SERVICES
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OKR
Objective Get you started on DIY bookkeeping with QBO Key Results 1. Set up your company in QBO 2. Customer invoicing & Supplier invoicing 3. Expense claims 4. Generating management reports
XXX
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STAGES IN ACCOUNTING
Administrator organizes the
documents on the system
Accountant prepares the
management accounts
Corporate secretary holds
the AGM and files reports
Tax advisor makes
the tax computation
Bookkeeper enters
transaction in the system
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TIMELINE
Incorporation DIY bookkeeping
Management
accounts
Annual financial
accounts
0 6 12 18 MONTHS
Cloudification
DIY BOOKKEEPING
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#2 OPEN MAIL WEEKLY
Get comfortable File mail Toss out
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#3 PAY SUPPLIERS MONTHLY
Promote the billing
cycle to stakeholders
Make
bookkeeping day
sacred
Image as a good
paymaster
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#4 CLOUDIFY FINANCES
Originate your
invoices, capture
your expense
claims and save
your contracts
on the cloud.
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AUTOMATION AND ACCOUNTING ADD-ONS
Bank
reconciliation
Expenses Payroll E-commerce
Inventory Point of Sale Data import
AWAKEN
YOUR
INNER CFO
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ENTREPRENEURS ARE CREATIVE
All I want to do is
make product
I love talking
about my idea
I love
customers
I have no
time for it.
It adds no
value.
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AWAKEN THE CFO
Setup a finance
email address
Establish a
budget
The money
belongs to the
company
Monthly review
the Balance
Sheet and Profit
& Loss
statement
MANAGEMENT ACCOUNTS
TIME TO GET A
BOOKKEEPER
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COMPLICATED OPERATIONS
Bank reconciliation
Investor
GST
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IT IS TIME TO GET A BOOKKEEPER
Honey, shouldn’t
you delegate that?
