QuickBooks Can Simplify Your Small Business

Small business owners have a lot on their plate as is, and handling the financials alone can be tricky. Having an accounting software can help save you time, and ensure the job gets done accurately and efficiently. It will also help to automate your workload, streamline processes, and help you keep track of your overarching financial goals.

If those reasons aren’t enough to hop on the QuickBooks train, here are a few additional notes on how it can help your small business succeed. 

#1: You’ll consolidate your accounts. Being able to access all of your transactions in one place is incredibly helpful. QuickBooks has the power to sync to your bank account by accessing your incoming and outgoing transactions. This allows you to stay on top of your accounts that still need paying, and those you’ve paid already. The categorization of transactions and easy search options make it faster and easier to find exactly what you’re looking for. In addition, QuickBooks can also track online purchases, and who has paid for them. 

#2: You’ll save time for what’s important — running the business! One of the things we love most about QuickBooks is how intuitive and user-friendly it is. It’s customizable, and you can project financial goals based on your numbers. Because you have one software handling all of your financial duties, you won’t have to spend time hunting down receipts or tracking accounts paid.

#3: You can make proactive decisions with insights. Because you have all of these tools at your disposal, you’ll have a more holistic view of your financial operations. By having access to these insights, you’re able to stay on top of company growth, payroll, etc and pinpoint areas of improvement. Having a clear understanding around cash flow can help you determine where to invest. 

#4: Accurate payroll. Particularly for small business, payroll can be a tricky area to navigate. It’s easy to forget deductions or experience issues with direct deposit. QuickBooks has the ability to calculate state and federal taxes, which saves you tons of time on research. It pulls data from the previous year during tax season inorder to produce employee tax forms.

#5: It’s compatible with tons of applications. If you’re concerned about integrating QuickBooks with your other software applications, don’t panic! QuickBooks is compatible with over 100 business applications. This will help improve efficiency and reduce errors that typically happen while manually inputting data.

Need a QuickBooks Pro Advisor? Taurus CPA Solutions has you covered! Our team is trained to help you with everything from installation to integration. We’ll work with you to determine your needs, and make sure everything gets up and running smoothly. If you’re already using QuickBooks, we can also offer extensive support for online and desktop versions. Services include bookkeeping assistance, one-on-one or group training, and more Visit our QuickBooks services page for more info, contact us online, or give us a call at (410) 465-4600.