If you are a small business owner, staying on top of your financials can be tough. While managing customer service, bank statements, employee relationships, loan applications, accounts receivable, and more, something is bound to slip through the cracks. You need accounting software that takes the stress out of finances and helps you automate some of your workloads. Quickbooks for small businesses is just that. It will help you save time and money. Not only will you get peace of mind, but it will be easier to track your overarching financial goals.
Here are 5 reasons you should use Quickbooks for your small business.
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All accounts are in one place
One of the main reasons to use Quickbooks for small businesses is because you can access all your transactions in one place. QuickBooks syncs to your bank account using all the transactions of incoming and outgoing money. This makes it easy for you to keep on top of accounts that you still need to pay and those you’ve already paid. You will be able to easily find any charge to your account and who has paid what. It makes home-based businesses and small businesses easier by tracking all of those transactions for you and categorizing them. This automatically saves you time when trying to balance your bookkeeping.
In addition, it can track online purchases made by customers as well. That means if a customer buys something online with a credit card or debit card it will automatically be registered as a purchase. QuickBooks for small businesses also is able to track who is paying based on their card information. You don’t have to have an in-depth knowledge of accounting software to track your expenses.
It saves you time
QuickBooks for small businesses is very user-friendly. Intuit designed Quickbooks with the thought in mind that average Americans will be using their software. Although there is a learning curve, the software is fairly easy and straightforward to understand. You can instantly categorize purchases and charges made to your bank accounts, and project financial goals based on your numbers. It saves you time and money by having one specific software to run all of your business through and having all transactions and clients hosted in one location. No longer do you have to chase down receipts and spend ages tracking accounts paid. Rather, you can search for a company in the software and learn all you need to know in a matter of minutes. There are a lot of features to QuickBooks for small businesses, but they are not going to overburden you with senseless information.
Formatted to help you succeed
Ever want your financials to be formatted in a certain way? Ever want to have your financial records formatted correctly automatically for tax purposes? Quickbooks help you view your financials in a number of ways:
- Accounts paid
- Accounts billed
- Bills paid
- Online Transactions
- Highest paying customer
- Tracking spending
- Communication across multiple software platforms
- Balance sheet
- Cash flow
- Profit and loss statement
An Accurate view of financial statements
With all of these tools at your disposal, you’ll gain a holistic view of your operations when you use QuickBooks for small businesses. Having tools like this can help you stay on top of taxes, payroll, company growth, and where you’re falling behind. An accurate representation of cash flow can help you make decisions on how to invest in your business and succeed. No longer will you be stumbling In the dark wondering if your business is going to survive the next quarter. If you have a financial you want to view your business through, QuickBooks almost certainly has it.
You’ll be ready for tax season as well. Quickbooks for small businesses pulls data from the entire year to formulate tax documents. You no longer need to worry about miscalculating something as Quickbooks can do it for you.
Payroll is one of the hardest parts of running a small business. Oftentimes, small business owners can forget deductions or have trouble processing direct deposits. With Quickbooks for small businesses, this is a problem you can leave behind. You can automate this away and focus on more important things. In addition, QuickBooks can also calculate state and federal taxes so you don’t have to worry about it. During tax season, it can pull data from the year to produce employee tax forms such as W-2 and 1099. Payroll becomes easier and more accessible for even the smallest employers. Purchase Quickbooks today to make sure you are staying on top of all your financials.
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