QuickBooks Management Accounting.....

Business is numbers. How you handle and respond to them will ultimately determine your success. When they are set up to be used as performance measuring tools, they provide an invaluable source of information which can be used to make sound business decisions. When they are set up by most accountants, they are designed to pay taxes.

Business numbers are categorized by means of a Chart of Accounts. Think of each category as a filing cabinet. Any cost that is created as the result of a sale is a "Cost of Goods Sold". Knowing what percentage of your sales dollars are spent on "Costs of Goods Sold" is a must when creating a break-even point. Understanding "break-even" is an absolute necessity. It determines your sales requirement. BMI includes its Management Chart of Accounts in every Custom Setup and a Break-Even Analysis with every month end closing.

Management accounting training is always done in a one-on-one session with a member of our staff. This training is typically done when we install your custom management setup and it generally takes from one to three hours. We highly recommend that this training be preceded by our QuickBooks Comprehensive Training Course even for experienced users, especially if you're currently using QuickBooks just to create invoices and pay bills.