why do u need workpapers? just use QuickBooks
What do u say when a client asks that question?
Bushmaster wrote:
Bank recs in 20 seconds would have to have VERY few transactions.
SumwunLost wrote:So you need to demonstrate the value of a workpaper. A good few years ago, a former employer had a client who insisted that he could do a bank reconciliation in twenty seconds. He said that to my face in the middle of the office. So then I did the bank rec the proper way - we were an old-fashioned firm that used an Excel spreadsheet to do bank recs. Then I presented a workpaper to my boss, explaining the "reconciliation discrepancy," He showed it to the client. Of course, the client didn't understand but accepted that you can't do a proper bank rec in twenty seconds.
juro wrote:Also they want me to upload every single receipt from company credit cards into QBO.
hundreds of these every month.
juro wrote:Also they want me to upload every single receipt from company credit cards into QBO.
hundreds of these every month.
CathysTaxes wrote:If you're talking about the credit card company providing an Excel spreadsheet to import, then that shouldn't be too hard. Some credit cards will summarize by expense so totals could be entered but how do you propose expensing these correctly?
CornerstoneCPA wrote:
Huge waste of time, not to mention risk of losing them. Receipts are probably the only thing I still keep paper copies of and in an expandable folder, unless they are very quick and easy to scan. But, no way would I waste my time uploading to any accounting software.
TheGrog wrote:I'd consider scanning receipts somehow. They don't always stay in a readable state for all that long in my experience. I've had several estate accountings where one or more receipts from months ago were functionally illegible by the time I got them.
TheGrog wrote:I'd consider scanning receipts somehow. They don't always stay in a readable state for all that long in my experience. I've had several estate accountings where one or more receipts from months ago were functionally illegible by the time I got them.
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