Creating And Removing Quickbooks Accountant’s Copy

By Author: David Brown
Total Articles: 22
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Today, digitization is highly prevalent in every facet, and accounting is no exception. Bookkeeping is a vital part of every company’s operations. It helps them identify, record, and maintain financial transactions in up-to-date books. Bookkeeping ensures your vendors get paid on time, debt collection, inventory management, tax compliance, etc. It provides a clear view of the financial health and performance of the firm and influences decision-making. QuickBooks bookkeeping services automate various accounting tasks to ensure efficiency and effectiveness in functioning.  It streamlines various activities and saves considerable time and money for the firm. It has expedited the monotonous and tedious processes. 

While preparing different financial accounts, the accountants might require a copy to make changes later. You give an accountant’s copy with the firm’s financial data to your accountant. He makes general ledger entries while you work on your original books. You need to take a backup of your files before creating an accountant’s copy. You can create and send the accountant’s copy to your bookkeeping ...
... outsourcing services provider using QuickBooks. Keep in mind that you should note remove restrictions on accountant’s copy unless they ask you to do so. Otherwise, you will have to handle all the changes manually. 

Sending accountants’ copy through QuickBooks bookkeeping services involve:

Open QuickBooks file >Go to the File menu> Click on accountants’ copy> Select ‘send to accountant’> Click next.

Next, you need to set the dividing date. For example, January 1 can be the dividing date in a calendar year. However, you should consult and coordinate with the accountant before setting it. Click next after entering the dividing date. 

Fill in your accountants’ details, including their e-mail address, and re-enter it for confirmation. Provide your name and e-mail address and click next. 

While transferring your file, you need to create a password for a safe and secure transfer. You must enter the password twice.

Click on the Send button to share the file with your accountant using QuickBooks bookkeeping services. 

Share the password created with your accountants via call or e-mail and allow them to upload the file. 

Now that you know how to send an accountant’s copy to your accountant, you must also learn to remove restrictions. Removing restrictions means voiding the initial accountants’ copy created. It happens when your accountant asks for another document, or your company file gets damaged and needs repair. Backup is necessary before removing restrictions. Two essential things to note here are:

It is an irreversible decision so consult your accountant before committing to it. 

Once you remove restrictions, changes in the current accountant’s copy do not get imported to the company file. Instead, you will have to send another Accountant’s copy. 

Removing accountant’s copy restrictions in QuickBooks bookkeeping services involves the following steps:

Visit the File menu and select Send Company file.

Select accountant’s copy> Client activities

Choose to remove restrictions

Click on ‘Yes, I want to remove the accountant’s copy restrictions.’

Then click OK. 

Businesses must consult their accountants and act per their instructions to ensure no errors or regrettable decisions. Bookkeeping decisions are challenging. Thus, you must stay in touch with a professional bookkeeper who can guide you in the right direction. Outsourcing companies offer excellent solutions to firms struggling with their bookkeeping. They possess credibility and proficiency to handle any situation and introduce efficiency and effectiveness to the processes. Also, these firms use the latest solutions to keep up-to-date data. 
Read Also: https://www.whizconsulting.net/us/quickbooks-accounting-services/

We at Whiz Consulting always strive to provide what’s best for our clients. From accounting & bookkeeping services to payroll and taxation, we offer everything a business owner might need to run his business successfully. Our team of expert outsourcing accountants and bookkeepers help you handle your finances without any hassle.