![]() GroundCloud CEO David Leland said, “This announcement validates the exceptional work our team has done to place GroundCloud in a very small and elite group of national safety training providers.” GroundCloud’s safety division is led by Jerry Veres, a multi-decade leader in the creation and delivery of final mile safety content and thought leadership. 24, 2022 - FedEx Ground (FXG) announced today that GroundCloud has been named an approved safety vendor for the company’s Qualification Certification training for its Ground contractors. Before choosing a software and trying to set it up yourself, it pays dividends to consult someone who can understand your overall business’ financial workflows, and set it up correctly the first time.Minneapolis, Feb. Trying to learn accounting software without a grasp on accounting principles is akin to trying to learn to write poetry without knowing how to write language. After this, learning the software is much easier. Here is a great place to start that costs no money. If you run daily bookkeeping operations as an office admin, you can greatly increase your value by studying the basic accounting principles that are at the heart of your company’s accounting software. Can he look at your books and instantly know what is messed up? Can he set up your chart of accounts correctly the first time? This knowledge saves you money with your CPA, and maximizes the informational value of your financial statements. Who cares? He has proven that he can find the correct menu that contains your chart of accounts. One advisor may be certified on every desktop version that came out since 2010. I would argue these certifications focus too heavily on the software and not the accounting principles. This is a marketplace for premium help by “certified experts” that you can call to troubleshoot your Quickbooks woes. Intuit must have figured out how many of their customers were screwing up their own books because they rolled out the ProAdvisor program. ![]() Someone with a grasp on accounting principles can learn a new software in an afternoon. I care less for software certifications than I do accounting knowledge. This question indicates focus on learning the software in a vacuum. I see this every time I train a client who asks “what menu did you use to get to this screen?”. In this example, no one in the company understands the underlying principles of accounting that the software is trying to implement. This can get very expensive quickly depending on how bad the books are. Now the CPA charges for clean-up before she can file the company taxes, likely at around $200 per hour. The business owner sends financial statements to the company’s CPA, who can instantly tell that they are wrong at first glance. The accounts either don’t exist in the chart of accounts (bad wizard!), or the admin does not know how to properly categorize the transaction.Ī year passes, and the company completes the end of year closing. When the admin creates source documents, sometimes the correct accounts are chosen on bills and invoices, and other times they are not. The company delegates daily operations to an office administrator, who has office organization skills, but no specialized accounting knowledge. The default COA contains some accounts that are not needed, and omits others which are. Business owner buys accounting software and sets up default chart of accounts (COA) using a wizard. Here’s an example of what can happen when you overlook this first step. Too many small business owners overlook this, and it ends up costing so much more money in the long run. You cannot accomplish this using an off the shelf software wizard or default setup. This step ensures minimization of mistakes in the long run. A professional of specialized skill must set up the system correctly, customized for your company’s own workflows. ![]() However, for this to work, there is a major thing that must be in place. ![]() This should make it less expensive to achieve the same result. Software pushes specialized tasks down the ladder to generalized labor. This means that someone with little or no accounting knowledge can keep the books, since no accounting knowledge is needed to create financial statements. Ever since it gained popularity, Quickbooks touts its usability, because easy to understand source documents (invoices, bills, etc.) drive the underlying accounting transactions. The most popular accounting software in the US is Quickbooks by Intuit. It should aim to minimize mistakes and make us more productive. Running Your Own Books (Into the Ground) The Hidden Cost of Believing Software is the SolutionĪccounting software helps make our lives easier.
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