Quickbooks Setup Checklist Template printable pdf download

QUICKBOOKS S ETUP C HECKLIST

Company d ata

Item l ist

___ C ompany l egal n ame a nd a ddress

___ L ist o f a ll i nventory, n on-‐inventory, s ervice a nd

___ F ederal E IN o r s ocial s ecurity n umber

other i tems t o c omplete t he I tem l ist

___ S tate e mployer I D n umber

___ P rice l ist f or a ll i tems

_ __ F iscal y ear e nd

_ __ I nventory a nd i nventory a ssembly n umbering

_ __ Q uickBooks s tart d ate

scheme

___ T ype o f b usiness

___ Q uantities o n h and a nd v alues f or i nventory a nd

_ __ N ame o f t he i ncome t ax f orm t hat t he c lient f iles

inventory a ssemblies a s o f t he s tart d ate

(1120, 1 120S, 1 065, 9 90, 9 90-‐PF, 9 90-‐T, 1 040)

___ D esired r eorder p oints f or a ll i nventory i tems

_ __ A ccounting b asis ( cash o r a ccrual)

__Taxable s tatus f or e ach i tem

___ L ist o f s tates i n w hich t he c ompany p ays s ales t ax

Chart o f a ccounts

_ __ S ales t ax r ates, s ales t ax a gencies, a nd t he s ales t ax

___ N ames, n umbers, a nd d escriptions f or t he c hart o f

liability a s o f t he s tart d ate

accounts

___ F requency o f s ales t ax r eporting ( monthly,

_ __ F inancial s tatements a s o f t he e nd o f t he p rior t ax

quarterly, a nnually)

year

___ S ales t ax c alculation b asis ( cash o r a ccrual)

___ T rial b alances a s o f t he Q uickBooks s tart d ate

___ T ypes o f s ales ( wholesale, r etail, o ut o f s tate)

___ N umbers a nd b alances ( from t he s tart d ate t hrough

today) f or t he f ollowing t ypes o f a ccounts: b ank, c redit

Fixed A sset I tem l ist

card, l oan, a nd l ines o f c redit

___ L ist o f a ll f ixed a ssets

_ __ V alue o f a ssets ( including o riginal c ost a nd

_ __ P urchase i nformation ( purchase c ost, d ate, v endor,

accumulated d epreciation f or f ixed a ssets)

etc.)

_ __ E quity i nformation i ncluding a ll o wner’s

___ A sset a ccount

contributions, p lus r etained e arnings f or e ach y ear t he

___ D epreciation i nformation

company h as b een o perating

Employee l ist

. _ __ B udget f or t he f iscal y ear, i f a ny

___ I nformation t o c omplete t he E mployee l ist: n ames,

addresses, t elephone n umbers, s ocial s ecurity n umbers,

Customer:Job l ist

etc.

___ I nformation t o c omplete t he C ustomer l ist: n ames,

addresses, c ontact i nformation, t axable s tatus, e tc.

Payroll i nformation

___ C ustomer p ayment t erms

___ D etermine 9 41 d eposits ( monthly o r e ach p ay

_ __ C ustomer s hipping m ethods

period), s tate w ithholding, l ocal w ithholding a nd

___ C ustomer t ypes

unemployment t ax ( FUTA, S UTA)

_ __ O pen b alances o r o utstanding i nvoices a s o f t he

_ __ Y TD i nformation f or e ach e mployee a s o f t he s tart

start d ate

date

___ A ccrued b enefits i ncluding s ick a nd v acation t ime

Vendor l ist

for e ach e mployee a s o f t he s tart d ate

___ I nformation t o c omplete t he V endor l ist: n ames,

___ E arnings, a dditions, a nd d eductions f or p ayroll

addresses, o ther c ontact i nformation

processing ( SEP, u nion b enefits, 4 01(k), r eported t ips,

_ __ L ist o f 1 099 v endors a nd t heir t ax I D n umbers

etc.)

___ V endor p ayment t erms

___ E mployer f ederal, s tate a nd l ocal t ax i dentification

___ S hipping m ethods

numbers

_ __ V endor t ypes

_ __ Y TD p ayroll l iability p ayment

___ L ist o f o utstanding b ills a s o f t he Q uickBooks s tart

date

Quickbooks Setup Checklist Template

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