System Setup: Vector configures the financial platforms including QuickBooks Online (QBO) and Bill.com, establishing chart of accounts, approval workflows, and reporting structures.
Initial Configuration: Vector implements bank account connections, vendor management systems, and payroll processing setup. We establish tracking mechanisms for intercompany transactions and expense allocations.
Data Migration: Vector establishes the management company's financial foundation in QuickBooks Online (QBO) by creating a comprehensive Chart of Accounts and importing verified opening account balances that align with the client's existing financial statements. This includes configuring vendor information and establishing opening balances across all systems to ensure continuity and accuracy of financial records and enable seamless transition to the new accounting system.
Document Storage: Vector stores all legal documents, invoice support and other necessary documentation.
Team Communication: Vector's dedicated Management Company team utilizes an email alias with your team to streamline communications.
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