Helping an investment firm achieve convenience and efficiency gain by migrating from QuickBooks Desktop to QuickBooks Online

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Summary: Elliott Davis discovered that their customer was spending hours each day troubleshooting issues with QuickBooks Desktop and facing continuous technology problems when attempting to access their accounting data. The customer was looking for a solution that would save time, automate processes, and improve efficiency. In a collaborative effort, Elliott Davis and the customer identified a software solution that would meet their needs and support their growth objectives. QuickBooks Online not only fulfilled these requirements, but also offered additional benefits such as improved data security and collaboration. Elliott Davis smoothly transitioned their data to QuickBooks Online, minimizing disruptions and enabling the customer's team to concentrate on their core operations.

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Context

• Leading investment company providing outsourced deal origination services
• Serves a range of industries across multiple types of transactions
• After 25 years of growth, the company needed a more flexible accounting solution that could adapt to user needs and improve access to information from any device (cloud-based application)

Approach

• Converted 16+ QuickBooks Desktop files to QuickBooks Online files
• Assisted in the set-up of QuickBooks Online bank and credit card feeds, and payroll integration as requested by management
• Assisted management with creating customized reports
• Provide regular quarterly support to management on QuickBooks Online to address any questions or issues

Customer Impact

• Cloud storage: Improved data security and privacy and allows for better shared access
• Automatic updates and backups: Reduction in required manual activities
• Leveraging QuickBooks Online's automated features to save time by reducing the need to enter data, clean up errors, and round-trip files
• Real-time collaboration helps maintain file version control, make informed decisions, and have timely conversations
• Mobile access for users to enter transactions
• Online platform provides flexibility for continued business needs from growth

We Can Help

For more information on how Elliott Davis can assist you and your business, contact Mary Beth Tipton or a member of our team below.

‍The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.‍