We are setting up a new accounting firm and trying to figure out the "common practice" or best method on onboarding clients that haven't had any bookkeeping done thus far this year. We have a client who is coming to us now, and we are getting them set up with quickbooks. We are trying to input all their info dating back to January till now.  Other experts in the field say if they are cash basis, then it's easier. For cash basis, simply connect the client's bank account to quickbooks, import all bank statements dating back to January to now, adjust charts of accounts, do some bank rules, add vendors, and reconcile each month individually. Is this the correct way for cash basis?  For accrual basis with inventory, I haven't really gotten an answer for that. Although my understanding is if they generate less than $25 million, then they can choose to use the cash method, which will be most of our clients. Any help would greatly be appreciated. Than you very much. 

I can't seem to find an answer to this. I understand the filing extension deadline was October 15th. I'm a first year EA, but I can't seem to find an answer to this. Can I file a client's return after October 15th? I'm thinking proseries wont let me efile, but can forms be printed and mailed? Thoughts? 

Hello, if you have your own firm or work for an accounting firm, what softwares do you use for your business? For tax I currently use pro series, but I am trying to scale up to offer more than just taxation. QBO I know is one, but for those full on established accounting firms, what softwares are used? Thank you. 

Practicing 1065s at the moment (these are scenarios). Question is; I have a partnership (2 individuals 50% each) who registered as an LLC with their state. I am filing out the K-1 worksheet for each partner on proseries and it asks if they are General or limited.  If I click limited, page 4 schedule K does not calculate SE tax on line 14a, but if I click General, then it does. My question is, if they formed an LLC as a partnership, are considered members or partners? Because if they are members, they are avoiding SE tax which doesn't make sense. I mean, I can manually enter the amounts on 14a on their own k-1, not the 1065 schedule K, and im wondering if that is the work around? Or how should I go about doing this? Please help. 

There is a "other deductions worksheet" on ProSeries 1065, and there is a section called automobile and truck expense. Can I put the "standard mileage" rate under this section? Like if they drove 12,000 business mileage, can I multiple that by the standard rate and put that amount in there? I am just trying to figure out where I put the mileage for a 1065. New to filing them out. Any help would be appreciated. Thank you.