If you are a professional who provides services relating to QuickBooks, it is wise for you to join the Intuit QuickBooks Solution Provider program. This program assists members in acquiring extra training, backing, and publicity to develop their business.
So, if you are keen on becoming a QuickBooks solution provider and are already a QuickBooks expert, this blog post will explain the primary things that you need to do to be a part of this program.
Let’s continue reading before you look for pricing for QuickBooks online.
Importance Of The Right Credentials
Firstly, there are some requirements that should be met in order to become a member of QuickBooks Solution Provider program. More specifically, QuickBooks members must currently possess an active QuickBooks Online certification and must be included in Intuit’s Find-a-ProAdvisor index.
Thus, if you do not have these qualifications, then you will have to take the QuickBooks Online certification exam. This ensures all program members have mastered the use of the software which is to be used in the program.
Moreover, the annual renewal requirements mean that you have to renew your certification in order to remain active.
Get The Right Kind Of Business Going
On the same note, there are some criteria that your business must fulfill to be accepted into this program. For this paper, you must maintain the facade of a small business that provides bookkeeping, accounting, tax preparation, payroll, or consulting to customers.
Solopreneurs or independent contractors are not accepted by Intuit. Your business should also be separately established and should have more than one employee and some customers already.
This program is aimed more at expansion of existing small business ventures and not individual freelancers. Consequently, it is advisable to consider the business structure and services offered to meet these qualifications before applying.
Liability Insurance
Intuit also has a policy that all its basic QuickBooks online members must maintain active liability insurance. The minimum acceptable limits are $1,000,000 per incident and $2,000,000 in the aggregate.
This also makes it possible for members to have adequate covers anytime there are complications with clients. During the program application process, you will be required to furnish information about the insurance policy you have.
Besides, you must be ready to provide a proof of active coverage if Intuit demands it at any given time. Ensuring the right insurance is an important sign that you are serious with your business in this sector.
Clients To Pay The Annual Fee
Also, to be admitted into the QuickBooks Solution Provider program, one has to pay program fee within the year. This fee is currently $799 per year. This provides you with all of the tools Intuit has provided to help providers manage and expand their practice.
When deciding whether the cost is justified for your business, you would also be getting additional resources for Priority Circle support, training, and referrals and marketing.
The majority of members believe their annual fee is justified by the extra clients and sales that the program generates. The only thing you need to remember is that you should be willing to fund the growth of your business as a qualification.
Submit To A Criminal Background Check
To become a member of the Solution Provider Program, you are required to undergo a criminal background check. This extensive verification of your background guarantees that you practice integrity and can be relied upon in a financial services capacity.
Such areas likely to be reviewed will include employment history, education, verification of identity, and any records of criminal convictions or frauds. They should be able to meet this requirement once your record check is clear.
The need for the background check is to ensure the blacklist does not compromise the integrity of Intuit’s list of recommended consultants.
Conclusion
To sum up, the QuickBooks Solution Provider program has credential, business structure, insurance, and financial criteria to be satisfied to qualify for the program.
Nevertheless, the benefit that comes with participating in this program is enormous. You acquire precious assets, opportunities and equal networking partners to enhance the fortunes of your business.
So, if you are running a firm that has been in business for quite some time now offering QuickBooks consultation and services, ensure that you meet these qualifications.
