Comprehensive Guide to QuickBooks Accounting Professional/QuickBooks ProAdvisor

QuickBooks is one of the most popular & powerful accounting software suites in the current market. What an individual can do is equivalent to whole accountant teams used to do two decades ago!

In the current hi-tech world, many businesses are trying to make the most out of the software, specifically the use: whether it is CRM, accounting or project management software. Nowadays, most of the businesses are packed with distinct features, different versions, customizability, and these tools could often integrate with one another to automate or optimize business operations. A lot of complexities have given rise to a hybrid professional i.e a mix of bookkeeper or accountant & software management specialist known as a QuickBooks ProAdvisor.

A QuickBooks ProAdvisor is usually referred to an accounting/bookkeeping professional who is trained, tested, as well as certified by Intuit on a wide range of advanced, specific QuickBooks’ topics and subject matters. QuickBooks ProAdvisor certification involves comprehensive training, a 2 hour examination where you should score a minimum of 80%, and also an annual recertification exam.

If you are interested to become QuickBooks expert or QuickBooks ProAdvisor, iLead-the best Enrolled agent training institute in Hyderabad, offers a vast range of accounting courses of EAs, CPAs, US taxation courses, FPC and also QuickBooks ProAdvisor certification training in Hyderabad at super affordable packages. 

Who is a QuickBooks ProAdvisor and What They Do?

When you are an entrepreneur, perhaps your finances are critical to survival. Being an entrepreneur or a new small business owner usually means that you work as an accountant for a while. If you know you can’t manage, you’ve run out of time and energy to keep track of all your finances, or you’re just too old to do it yourself; you should consider hiring an accountant, bookkeeper and/or CPA. 

You do not want to create a mess by just hiring the cheapest people you can find. These are your finances they will be dealing with, so you want them to be well equipped and informed without going over your budget. What Makes Accountants, Accountants and/or CPAs Different? 

The answer is that you need to find someone who is a Certified QuickBooks ProAdvisor. QuickBooks ProAdvisor is a person who is trained by Intuit ProAdvisor Certification. With iLead’s extensive QuickBooks ProAdvisor certification training the candidates can gain expertise in QuickBooks Accounting Software to provide independent bookkeeping support and consultation support. 

Working with a QuickBooks ProAdvisor

With QuickBooks Certified ProAdvisor, you will be reviewing and working on your books with someone who is well versed in how QuickBooks works. Anyone who is certified with QuickBooks has taken lessons and courses that have taught them the ins and outs of working with the software.     

In addition, they are passed and certified. These people know how to solve any problem, even solving imbalanced balance sheets and technical problems with bank feeds. Another aspect of the QuickBooks certification is that they can also educate others on how to use QuickBooks. These skills can increase the productivity and efficiency of your business in every department. 

A QuickBooks Certified ProAdvisor is a professional accountant who does not have to be a CPA, but can be a small business advisor or chief accountant. They are experts in QuickBooks programs and accounting theory. With these people, the learning process is more rigorous, developed by Intuit (the company that developed QuickBooks). 

To get certified, they took several courses and passed a number of tests. To maintain its status, QuickBooks Certified ProAdvisor must take a certification exam each year. This means that they are up to date with the latest software developments. 

Benefits of Hiring a Certified QuickBooks ProAdvisor

When you have a certified QuickBooks ProAdvisor on your team, you have someone who is well versed in accounting and accounting services. They may simply act as outsourced bookkeeping for your small and/or medium-sized business. 

The following are some of the capabilities & benefits they bring:

  • Invoicing customers
  • Paying bills 
  • Reconciling your accounts 
  • Answer any technical questions 
  • Set up & customization of your QuickBooks software 
  • Troubleshoot technical issues/customizations 
  • Receive discounts on QuickBook Products
  • Notified with all new products & updates 

These professionals are your one stop shop for exceptional accounting and/or bookkeeping needs. If your consultant is also a certified public accountant, you may receive monthly/quarterly reports on the preparation of books and tax returns. This way, you can finally plan your tax season well with the same person. Your worries will be lessened knowing that these specific advisors also enforce the entire IRS code. 

QuickBooks Online

QuickBooks Online provides entrepreneurs and business owners with a convenient remote access option. Also gives accountants or your bookkeepers powerful access to information on the go. QuickBooks online service is the best-fit for service-based businesses.

QuickBooks accounting software helps you to create invoices, generate GST reports and much more with QuickBooks.

Features 

  • Cloud accounting 
  • Invoicing
  • Online banking 
  • Accounting Reports 
  • Cash Flow Management 
  • Time Tracking
  • Seamless collaboration to multiple users

There are many small-business accounting software solutions available in the market, but which version is right for you? With payroll or without? On-premise or cloud? Choose wisely.

QuickBooks Self-Employed

QuickBooks Online

QuickBooks Online ……..are some of the most used QuickBooks Software products.

QuickBooks Accountant is a special program developed by Intuit QuickBooks to meet the needs of accounting professionals. 

It allows you to perform and manage accounting tasks for multiple companies in one place. You can issue invoices, pay stubs, manage projects, access customer accounts, such as to find and correct input errors, and more with one product. Signing up for QuickBooks Accountant doesn’t take long. 

You will be prompted to enter information that is usually requested when registering on other websites. This includes your name, email address, and your company name. 

Once registration is complete, you will be granted access to the QuickBooks Online Accountant. All you need to sign in to your account is Internet access and your QuickBooks Online Accounting credentials.

Bottomline 

Working with a QuickBooks Certified Professional ProAdvisor versus someone just a QuickBooks Certified will make a big difference. Not only will you receive various privileges and perks, but you will also get peace of mind when it comes to the finances of your business. You will be working with a professional who continues their accounting, bookkeeping and QuickBooks recertification software training yearly. 

At iLead, we have certified professional QuickBooks consultants who are happy to help you and your business get back on your feet or save your finances. If you have any questions, please call us now!

How to Take the Enrolled Agent Exam? Opportunities for Enrolled Agents At Big 4!

When preparing for the Registered Agent exam, one of the decisions you have to make is in what order you would take the exam. The exam sections are not taken in any order, so it can be difficult to decide, and it can even be more difficult to know what to do if you have to choose one.

Don’t worry, we have got you covered. Here are the leading enrolled agent training  institute in Hyderabad-iLead’s recommendations for taking the exam (we recommend them all, of course), but it is important to consider the exam curriculum and what is best for your personal experience. You can see a breakdown of each exam section and the content of the topics you will see in the following exam sections.

Usually, Special Enrolled Agent Exam consists of 3 parts:

  • Individuals
  • Business
  • Representation, Practices, & Procedures

Part 1—Individuals

We suggest starting with Part 1, as it is based on individual tax returns and relates to the work you have done as a tax preparer.

Part 3—Representation, Practices, & Procedures

As soon as you have passed the first part, we recommend that you start studying for the third part. On the basis of Circular 230, which regulates and documents the enemies and ethical behavior of tax preparers, you have some knowledge that needs to be fine-tuned.

Part 2—Businesses

We propose that you serve this part last, as it is the most time-consuming and, according to reports, the most difficult section. Part two of the EA audit focuses on corporate taxation and complicated individual tax returns.

The test consists of three parts, and they are not equally difficult. In fact, part two takes up about 50% of the study time and requires even more. If you go through the simpler and less time-consuming sections in this way, you will have more time to concentrate and less worry about blending into other exams.  

You can try our Enrolled agent exam prep  and stay-up-to-date on all the latest updates about US taxation course, and know how we are continually improving our course ciriculum to help accounting aspirants  to excel in SEE exam and advance your careers in taxation.

Opportunities for Enrolled Agents At Big 4!

The big 4 accounting companies employ registered EAs in multiple functions. They seem to recognize the value of a CPA and use registered agents to be better positioned to take advantage of the strengths of the EA designation.    

Registered agents have a few advantages that apply to all audit firms, and the big 4 audit firms are not exempt from these advantages. Enrolled agents are:

  • Tax specialists
  • Can practice US tax in all 50 states
  • Carry the same authorization to practice as a tax attorney or CPA.
  • Can also prepare taxes for international clients.

In addition to these considerations, registered agents offer significant value to accounting firms outside the Big Four. Compared to a CPA, appointing a registered agent is cheaper and quicker, and does not have the CPA’s steep training and experience requirements. Preparation of taxes for international clients who file in the U.S.

It is true that the CPA earns more than the trade-in registered agents, but the EAs require lower costs to obtain them. EAs do not have the same state and court requirements, which reduces the regulatory burden on CPA companies. In short, hiring EAs in tax-focused positions enables companies to save money.    

What job opportunities do enrolled agents have at the Big 4?

The Big 4 can hire agents for a variety of positions.

  • Tax manager
  • International tax manager
  • Tax specialists
  • Senior associates in tax service divisions

 Many of these positions require training that goes beyond the requirements set by the IRS, even if they do not require accounting or tax clearance. This makes Enrolled Agent an excellent name for a career professional, not only because of the high-level accounting courses required by the IRS but also because it provides excellent professional experience.

Advance your career as an Enrolled agent

As an Enrolled Agent enjoy:

  • Higher earning potential
  • More career opportunities
  • Increased recognition

For every agent enrolled in the Big 4, there is a job. Admission to the tax specialists shows that you are motivated to obtain the title of a tax specialist. In addition, registered agents have weight with the IRS, and as registered agents, you can be sure that they are valuable.

Accounting professionals will find an increased value in becoming registered agents. A registered agent is an affordable term that demonstrates competence and drives you to succeed – whether it’s increasing the number of clients you serve, gaining a leg up in a tax area, or adding new designations to your already impressive list. Higher tax expertise provides new career opportunities, and a new designation shows your desire to learn and grow in the industry.

  • CPAs have more privileges in tax preparation, representation, and specialization.
  • CIA’s acquire new expertise and tax knowledge, which is particularly valuable in auditing.
  • CMAs also open the door to tax management and director positions.

Enrolled Agent Exam Cost  

The enrolled Agent Exam consists of 3 parts. Part I is $18,497 for a total of $55,491. There is also a CPA State Board that awards CPAs recognition for passing the exam.

    This is where the value of the EA verification system comes into play. Working with a good rating provider means you save money and time when you go through this part the first time. At the end of the day, you will spend $58,491 on the exam fees to take the EA exam, provided you pass the first time. The IRS charges a $30 fee to complete the enrollment process. In addition, the Registered Agent designation is affordable and does not require specialized training.

You will spend less time studying for the EA exam, but you will need a verification system to stay up to date with the latest tax laws. The audit focuses on tax issues, which vary from year to year, and from the tax laws.

Start the process of earning the enrolled agent credential with the help of our reviewed and comprehensive enrolled agent course by EA experts. You can also avail of our online and offline courses as per your schedules where our course guide covers complete exam preparation, tests, tips, and as well as placement assistance.

Career options after Clearing EA exam.

There are several ways in which Individuals can set a foothold in the finance industry as a career move. Irrespective of whether you are a student or a professional looking for a career move, there are plenty of options available. You can either get into accounting, become an attorney, become an Enrolled Agent or become a financial analyst. Of all the options, an Enrolled Agent is one of the most viable options.

The amount of time needed to become an Enrolled Agent is relatively less and brings a lot to the table. If you are someone who wants to make a career in the field of taxes, you should seriously consider becoming an Enrolled Agent. On becoming an EA, you get a license from the IRS as a tax practitioner and have a lot of other benefits as well. Read More Career options after Clearing EA exam.