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Midwest CPA:
Accounting System Setup
Transform your business operations by selecting the right systems to achieve your goals.
The Right Systems Make All The Difference
Our team helps growing companies successfully navigate the complexities of accounting system setup. We begin by discussing your current accounting practices and technology, identifying pain points, and understanding your goals. Unlike IT firms, Midwest CPA offers a unique perspective as accountants and business advisors first, ensuring that your accounting system not only meets technical requirements but also supports your business objectives effectively.
Implementing Your Accounting System
We believe accounting, finance and operational systems all need to be tightly integrated. This is why we utilize a holistic approach when helping you select and setup the right systems for your business.
Evaluation
We start with a thorough evaluation of your current accounting processes to identify pain points and assess technology needs for potential optimization.
Implementation
Configure your new accounting system to ensure all solutions are tailored to your specific needs. During and after the implementation phase, we provide thorough training to your team, ensuring a seamless and efficient transition.
Customization
Maximize the potential of your new accounting system with solutions tailored to your unique business needs. Unlock additional value from the tools your business possesses, optimizing performance and efficiency for long-term success.
Frequently Asked Questions
As soon as you start to feel your accounting system is in some way limiting your growth, it may be a sign that it’s time for a change.
It can be a good idea to have a plan to access your current systems against your needs at least every 5-10 years.
QuickBooks Online is a great solution for many small business owners. It has the ability to easily give users their needed access, build customized reporting, and it integrates with many other cloud based solutions.
However, there may come a point where your business has outgrown QuickBooks or you need to add on another tool for the unique needs of your business.
A fit-gap analysis involves identifying the business’s specific requirements, evaluating the current system’s capabilities, and comparing the two to pinpoint differences (gaps). This analysis helps determine whether the gaps can be addressed through customization or if a new solution is needed, ultimately ensuring that the new system aligns perfectly with the business’s needs for optimal efficiency and effectiveness.
The time it takes to setup a new accounting system will vary greatly based on the size and complexity of the business. In most cases a small business owner can implement new systems within 4 weeks. While large operations can take up to 12 months to fully transform their processes.