Accounting Services
Outsourced Accounting

Expertly trained accountants with a deep understanding of the software and your industry,

Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

Bill Pay

Outsourced bill pay solution with cash flow reporting and tracked expenses.

What Are Outsourced Accounting Services and Do I Need Them?

If you are asking yourself these two questions, you've come to the right place.

What’s the Difference Between CFO and a Controller - and What Do I Need?

Although these two important roles are sometimes viewed as interchangeable there are important differences between them.

Industry Expertise
Our Key Industries

Expert knowledge and high-quality software solutions for our 5 key industries.

Construction & Real Estate

Real-time financial data and integrated job costing to generate reports and improve accountability.

Manufacturing & Distribution

Track billing of materials, implement inventory control systems, manage supplier base, and reduce unnecessary costs.


Our team has the expertise needed to navigate deposits, refunds, chargebacks, and processing fees to maximize efficiency.

Professional Services

Streamline financial operation and increase overall profitability to enable faster and smarter decisions.

Family Office Accounting

High-touch technology family office accounting services that ensure security and privacy.

Why does industry expertise matter?

Industry focus allows us to be experts in the accounting needs of the companies that operate within these industries.

Why Plumb Works With These Industries

This is another one of our favorite questions. The answer is easy: we know these industries.

Software Expertise
Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

NetSuite Software

Integrated cloud business software suite, including business accounting, ERP, CRM and ecommerce software.

QuickBooks Software

Scalable solutions for reporting, transactions, month-end close, analysis, and more.

QuickBooks to NetSuite Migration: A Comprehensive Guide

Migrating from one accounting software platform to another is a critical undertaking for businesses. This is especially true when considering a transition from QuickBooks to NetSuite.

How do I know which Software is right for my company?

Selecting the "right" software for your company might seem like an overwhelming task, but we'd like to help make this process easier for you.

Sage Software

Innovative software to manage your accounting, people, payroll, payments, and more.

Sage Intacct

Automate the critical processes, reduce the spreadsheet headaches, and get greater visibility into real-time business performance.

Sage 300 CRE

Sage 300 Construction & Real Estate connects finances and operations to help ensure maximum profit.

Sage 100 Contractor

The all-in-one construction software that goes beyond basic accounting to put you in total command of your projects.

Sage Estimating

Build bids quickly and precisely, plus integrate with other Sage software solutions to streamline operations.

Sage Paperless

Easily store, retrieve, and route documents for accounting and operations.

Sage Service

Streamline service calls and construction projects from start to finish with web-based real-time information.

Additional Solutions

Add-on these services to improve workflow and enhance data and analytics.

How and When to Choose Construction Accounting Software?

The right tools can help you manage your construction projects efficiently, provide clarity of your finances, and ultimately help improve profitability and job success.

5 Types of Visibility Every Construction Firm Should Have.

Here we list 5 key elements to help capture insights that are pivotal to running an efficient and lucrative constriction firm.

About Plumb

Plumb seeks to empower business owners and leaders to gain clarity about their financials to grow their business.

Case Studies

Learn more about our work with clients in a variety of different industries.

Meet the Team

Learn more about the Plumb leadership team.

The Plumb Promise


Want to join us? Check out our current open positions and apply today.

What can Plumb Do for Your Business?

At Plumb we pride ourselves on providing "clarity in accounting and stewardship in service." But what does that actually mean?

What's the Plumb Promise and What's in it for You?

We're on a continuous journey to go above and beyond for our clients. Here's how we do that.

QuickBooks Online: How-to Close Year-End Books

Posted on January 11, 2021 at 9:43 PM
Written by Justin Atneyel

As an outsourced accounting firm with expertise in QuickBooks Online, we work with many businesses to help them close out their books for year-end.

In just eight steps, first you must close your books in QuickBooks Online:

  1. You need to click the Company name (gear icon), in the upper-right-corner
  2. Select Account and Settings
  3. Go to Advanced tab
  4. Under Accounting, put a checkmark in the Close the books box
  5. Enter the Closing date
  6. Set whether or not a password is needed to change closed transactions
  7. Click Save
  8. Click Done

When it comes to year-end, there are certain tasks that you must do in QuickBooks Online in order to close the year and prepare for a new one. Here are the tasks listed in the QuickBooks Online Business Community Section.

QuickBooks Online Task #1: Confirm the first month of your financial year

To confirm or change the first month of your financial year:

  1. Go to the Setting icon
  2. Select Account and Settings
  3. Select Advanced
  4. In the Accounting section, verify that the setting in the First month of the financial year field is correct, or select the pencil icon to change the setting
  5. Select Save and Done

QuickBooks Online Task #2: Check customer account balances, send statements, and clear outstanding deposits

To check customer account balances:

  1. Select Reports
  2. In the search bar, enter Accounts Receivable Aging Summary or Accounts Receivable Aging Detail and select the report you want to review. These reports are available in QuickBooks Online Essentials and Plus only
  3. Review the report to identify customers with outstanding balances

To send a statement:

  1. Select Sales, then select Customers
  2. Locate the customer you want to send a statement to
  3. From the Action column drop-down menu, select Create statement
  4. In the Create Statements window, select Print and Preview to print the statement, or select Save and send to create and preview an email to send with the statement to the customer

You must also confirm that all deposits are cleared, so they are not included in your current year’s income.

QuickBooks Online Task #3: Confirm supplier account balances, pay bills and write checks

By year-end you should be paying any outstanding bills that you owe and addressing any credits, discounts or products that you are owed from your suppliers (if applicable).

To review outstanding bills:

  1. Select Reports
  2. On the search bar, enter Accounts Payable Aging Summary or Accounts Payable Aging Detail and select the report you want to review. These reports are available in QuickBooks Online Essentials and Plus only
  3. Review the report to identify any outstanding bills to pay before the end of the year

QuickBooks Online Task #4: Reconcile bank accounts, credit cards, and petty cash

To reconcile your bank and credit card accounts in QuickBooks online:

  1. Go to Settings ⚙️
  2. Select Reconcile
  3. Follow the prompts to match the transactions on your bank or credit card statement with the transactions on the Reconcile page

QuickBooks Online Task #5: Run year-end reports

To run year-end reports:

  1. Go to Reports
  2. Locate and review the Profit and Loss report and the Balance Sheet, as well as any customised reports you or your accountant require
  3. Make sure that the Profit for the Year figure matches the balance on the Profit and Loss report

QuickBooks Online Task #5: Get expert accounting advice

At this point in the year-end process, it’s best to collaborate with your management and accounting team to lay the groundwork for financial data.  At Plumb, we are an outsourced accounting team, providing virtual or on-site solutions for setting up QuickBooks Online best practices for accounting procedures and the year-end close.

Here are some tasks that should be handled in QuickBooks with the help of an accountant.

  • Reclassify transactions
  • Distribute profits from the business
  • Prepare year-end tax returns
  • Close the books (see steps above)

 Need Help with Closing the Year in QuickBooks Online? Contact us! We'd love to help.

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