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Level 1

Is Quickbooks GAAP compliant?

The company I work for is trying to raise a small amount of funding. In order to do so, our financials need to be in GAAP format. If I export our financials from Quickbooks, would they already be in GAAP format? Or would I need to hire an accountant to do so?
1 Comment
QuickBooks Team

Is Quickbooks GAAP compliant?

I'm here to share some details about GAAP, userbaxtermysafety.

 

GAAP is integrated into QuickBooks’ small business accounting software. To ensure your financials are GAAP compliant, I suggest working with an accountant. In case you don't have any, I suggest checking out this article to find one: https://quickbooks.intuit.com/find-an-accountant/.

 

Aside from that, I also recommend visiting our QuickBooks Live Bookkeeping page. This way, you can find a QuickBooks-certified bookkeeper to categorize transactions and reconcile your bank statements, so your books are accurate.

 

Additionally, I encourage checking our Help articles page to learn some tips and tricks in managing your QuickBooks Online account. From there, you can read articles that can guide you through the steps by steps process.

 

We're always here to help if you need assistance with anything else. This is to make sure we'll be able to assist you on time.

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