Setting up accounting software, training & tracking your numbers

At Profit & Loss Management, our team is equipped with the right knowledge & experience on many accounting applications which include the following:

Choosing the right accounting software is the first step towards managing your numbers.
  • QuickBooks Desktop
  • QuickBooks Online
  • FreshBooks
  • Sage 50
  • Sage 300 (Sage Accpac)
  • Write Up
  • Connected ERP
  • Wave Accounting

With a new accounting software, every business & user is expected to go through a learning curve. Our team can help you shorten the curve by answering all of your questions and assist you in the initial setup and installation of your accounting software including customization for your business needs. We can train on how to process transactions efficiently to reduce the amount of work required during periodic review which normally accompanies financial reporting. We can provide training and ongoing support for your employees to increase their productivity and help your business run your numbers smoothly.

Through our accounting software installation & training service, we offer the following:

  • Examine your existing accounting software and accounting needs.
  • Provide a recommendation based on your financial & operational needs.
  • Install your new accounting software, design, and set up your new chart of accounts related to balance sheet, and income statement specific for your business & industry.
  • Set up accounts for accounts receivable, accounts payable, payroll, inventory, and sales tax.
  • Set up projects, classes, and sub-customers based on your business needs.
  • Set up initial account balances and transactions since the commencement date of your business/conversion date.
  • Set up users, and privileges for each user to ensure adequate internal controls for your business.
  • Set up special, and routine reports for your financial reporting, and meetings.

After initial setup and training, we also offer:

  • Making changes to your setup, adding/removing features, and adding/removing accounts
  • Training your new employees
  • Setting up new users, and privileges.
  • Adding/removing routine reports for your reporting needs.

At Profit & Loss Management, we help our clients with all types of business needs whether it is accounting, payroll, taxes, consulting, and/or forecasting in order to help them stay focused on growing their businesses.

If you are looking to have one firm take care of accounting and tax needs then you have arrived at the right spot! We offer a special service which we call Outsourced Accountant through which we can take care of all the accounting, payroll, hst, consulting, personal tax, and corporate tax needs for you and your business! Curious if that is suitable for you? Click on the following link to find out more:

What is Outsourced Accountant?

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Areas We Serve

Toronto

Mississauga

Oakville

Vaughan

Hamilton

Burlington

Richmond Hill