What are the top benefits of QuickBooks for businesses?
QuickBooks is one of the most popular and efficient bookkeeping, tracking, and invoicing software available. Small and big businesses use QuickBooks because of its ability to save time and money.
If you own a business or are looking to start one, consider the benefits of QuickBooks to help streamline your operations.
It’s Easy to Use
QuickBooks has become a staple for businesses around the world because of its user-friendly interface. It’s easy to use and easy to learn. Even people without an accounting background can be taught in a relatively short time.
QuickBooks also integrates with other financial and reporting software to put all your business numbers in one place.
Different functions allow different types of businesses to properly manage their funds.
You can print your business checks straight from the software. Every transaction is recorded along with the username and date. This allows for easier future audits.
A business can connect directly to their bank which helps with reconciling the checkbook and eliminating bank statements. You can save hours by enabling these features.
If your bank account and a credit card are synced to QuickBooks, when you use your credit card on a business trip the transaction will download after enabling the feature.
After it is downloaded, you can classify the transaction for future organization. Business owners and managers find this especially helpful for tax time.
Your time is valuable, so do not spend your free hours marking sales, creating invoices, and generating receipts.
QuickBooks does all of this.
Additional services that can be acquired include allowing credit card transactions, debit transactions, and scanning checks. If you get this service, you will not have to manually enter the information.
This makes QuickBooks for small business perfect.
Reporting Benefits of QuickBooks
Other bookkeeping software available does not have financial reports as easy and in-depth as QuickBooks.
The reports feature gives you the opportunity to see year-to-year comparisons, income statements, and outstanding invoices.
If numbers need to be manipulated or reorganized, you can export all reports to a spreadsheet.
Since sales, receipts, and invoices are all tracked within the system, your inventory is also kept. Inventory stocks will automatically adjust as sales happen in real-time.
It is still suggested an annual inventory count is conducted in-person to account for irregularities or outliers.
Adding inventory when shipments come in is done with the ease of a click of the mouse.
For a lot of companies, bookkeeping is done by multiple people specializing in different areas.
That is a lot of potential salary and benefits to pay.
QuickBooks consolidates the sales, financials, and inventory into one platform that’s easy to use for any one person.
You might still require more than one person, but the time and headaches saved allow you to focus on other parts of your business.
Don’t forget that QuickBooks also has live support to help you with any issues that may appear.
Are You Ready to Be More Efficient?
The benefits of QuickBooks are easy to see for someone who is running their own business and trying to save time and money.
Spend less time worrying about the bookkeeping and more time focusing on other parts of your business.