We have got a new client who has the business of residential property letting. The important aspect is that we have to maintain client account and that is in QuickBooks.
Please can you suggest how the client accounting works in QuickBooks online i haven't done this before. How can we maintain client ledger balances of client accounts separately.
Hi So hows about an intro before we start. We always ask newbies!
Usual stuff - what prof body do you belong to, do you work for yourself or in a practice/ firm, are you a bookkeeper or accountant, what qualifications, how long in role, where up to in your studies-what exams passed/with what body/in midst of doing, where based, what you did before this role? That sort of thing. Helps get to know you but also how best to pitch answers.
Who is your ML cover and practice licence with?
Are you covered to deal with client monies via your licence if you dont know what you are doing?
This is not a software specific Q, its just one of process.
How long do they hold the monies before it goes to the DPS or whatever its called these days?
Also please add your first name so that it appears under the signature bar on your posts? Saves everyone looking it up each time!! (Edit profile --->signatures)
edited - poster has been back on but no response @04/06/18
-- Edited by Cheshire on Monday 4th of June 2018 01:01:01 PM
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
