FAQs

A: Some companies are too large and complex to contract out their bookkeeping/accounting functions. For companies that must hire and train an accounting staff, we are available to train in all areas of bookkeeping and accounting. We train payroll specialists, accounts payable and receivable staff, and controllers. We often train using your data and real-time transactions so that the staff complete the work while in training and with supervision. This way we limit the disruption to workflow and keep the company accounting up-to-date.

A: At EBS, we conduct a short interview to determine the best approach for training one employee or an entire staff. We base the decision on the level of accounting knowledge, the industry, time and complexity of the work, and cost considerations. We make sure the training fits the needs of your company and offer both one-on-one training and a classroom option. Often, we combine classroom and individualized training and follow-up with on-the-job support.

A: Accurate accounting makes it possible to measure results, meet outside reporting requirements, and budget for growth. So, we start by gathering feedback from management about reporting, company goals, size and complexity, and the level of staff support. Using this information and our knowledge of your particular industry, we make a recommendation about the correct QuickBooks application for your business.

A: First, we determine the correct application for your company (see question #3). Next, we build a QuickBooks file for your business based on a short interview and your feedback. After building the file, we restore it to your computer (or server) and begin training. After the staff function well with the new file, we provide follow-up support and advanced training as needed. We have great success with this implementation strategy and have set-up, installed, and trained hundreds of companies to use QuickBooks software. Visit the Intuit ProAdvisor website to read reviews from our clients.

A: You should choose the company that offers the services and expertise your business needs for the most affordable price. We offer an integrated approach to business support while most CPA firms specialized in tax return preparation and accounting as it relates to reporting, advice or reviews. At EBS, we are focused on professional business support and offer our services at about half the price of the average CPA firm. Our professionals have both the experience and certifications to complete any tax project, and we bring real-world management experience to every job unlike most CPA firms.

A: Once we close your books for the year, we will send a back-up of your company data to your tax preparer for use in completing your returns. We follow-up with the tax preparer to acquire any adjustments he or she made so that your books are reconciled to the return. We also prepare business returns for many of our clients. Our clients find this to be a simple, cost-effective way to close the year. Since we complete either regular reviews or bookkeeping for them, preparing the return is simply the final step in the accounting process. Our clients receive a discount on tax preparation since they have engaged EBS for multiple services. Denise is an Enrolled Agent, licensed by the IRS, to prepare all types of business returns in all 50 states.

A: Again, we conduct a short interview and often visit your workplace to better understand company needs and the level of employee/staff knowledge and involvement as it relates to the tasks and services needed. Then, with management feedback, we formulate a step-by-step plan to implement the most important support first. Once payroll and other accounting tasks are working properly, we will help your company budget for training. Once the budget is set, we introduce a comprehensive training plan to achieve the desired results.

A: We offer periodic reviews as a way to place needed controls on your system and correct problems before they compromise the credibility of reporting both to management and outside sources. If, during a review, we determine there is deficiency or error, we will not only correct the problem, but also train the staff to follow the proper procedures. Implementing periodic reviews is a more cost-effective strategy than correcting a year’s worth of errors.

A: Yes. We often work with companies in transition. We offer accounting, consulting, and general business support throughout the change. Our service and support can range from consulting to rebuilding accounting systems for proper reporting to writing business plans for the acquisition of capital and/or investors. This year, for example, we helped businesses downsize and contract out positions, put into place DCAA compliant accounting for government contracts, implement “cloud” technology for integrating geographically separated sites, and merge with or acquire competitors. We assisted companies in bringing payroll in-house, upgrading their websites and customer service strategies, and adding services and sales in other states. Change is something we understand.

A: Here’s the good news: we have a lot of experience cleaning up! At EBS, we can compile data over several years, correct your accounting system, and produce the reports you need to plan and grow. If you add in a few coaching hours, we can teach you to change your company from a frustrating, never-ending job to a thriving asset. We help you establish the mindset, plans, budget, and goals to not only recover your sanity, but also build the company you envision.