QuickBooks Backup To Accountant?

Wensdy

does any see any drawbacks or problems with giving your company
QB backup to a new accountant that is doing my 2008 company taxes ?
what would he need the backup for or would be looking for?

AtlRemodeling

Tha is how we get our information to our accountant each year. I backup the files, email them to her and she can load into her system. She does this with a lot of her clients. It is not that she is looking for anything but more that she can work on our file in her office, note any adjustments that are needed and email me back. She then preps the taxes without any face to face time. It keeps our expenses down.

If your accountant is new and you do not trust him/her find a new accountant.

wirenut1110

This is the way I do it also. If the accountant makes changes to any of my entries, for example a wrong chart of account entry, he will make the correction and then I will "restore accountants copy" and it will be entered correctly from then on.

CA Contractor

We, too e-mail QB to our accountant on a monthly basis. We prefer to reconcile accounts (we are more likely to catch mistakes) then accountant checks things over & closes out the month. He does our payroll, payroll taxes, quarterlies & taxes at end of year. It works for us, never had any problems & as we've said before on CT, he can alert us to areas we need to watch out maybe spending too much or whatever. One year he called us & told us to buy a company vehicle or any other large item company needed, we could use the write-off. If this is a new accountant, why not ask for a list of references? Then check them out. Word-of-mouth is the best advertising, ask other business associates who they use, that's how we found ours - he was recommended by someone we do business with.

Osito

I have an Accounting Degree, and that is SOP to send QB back-up to accountant.

Wensdy

what is SOP?

Kgmz

Standard Operating Procedure.



what would he need the backup for or would be looking for?

Ways to help you save on taxes, or help you do things better, easier, keep from being audited, etc.

What is it you are worried about? They do have to keep things confidential just like a lawyer, doctor, etc.

Osito

It is good just in case of an Audit. Also they can see that all the expences are in the right codes. Some insurance companies require a review from an Accountant. Banks also may need an Accountants review for loans ect....

macatawacab

I send QB to my accountant and to my partner's accountant. I send the files to potential investors if they request it. Business files, not personal.