We are seeking a professional to assist in transitioning our medium-sized business from cash-basis accounting to accrual-basis accounting. The primary reason for initially using the cash-basis method was its simplicity. However, as we have grown, the necessity for accrual accounting has become apparent, and we are ready to implement this method to improve financial reporting.
Tasks and Requirements:
- Assess the current cash-basis accounting system and propose a structured plan to shift to an accrual accounting system
- Help the team understand the nuances of the new system for seamless operation post-transition
- Regular follow-ups until the new accounting system is smoothly functioning
Ideal candidates should have:
- Proven experience with both cash-basis and accrual accounting methods
- Extensive knowledge of QuickBooks Online
- Excellent communication and teaching skills
- Adaptability, patience, and an outcome-focused approach.
We would love to chat with you to provide more details about the business and the need to switch our accounting methods. We would also like to hear your ideas on the best plan for implementing this. Please submit your bid and include the meaning of West Virginia's state motto. Thank you in advance for your time and consideration.