Quickbooks is one of the oldest and most successful accounting software for small businesses. Since its start, it has come a long way and now offer unique services like real-time online expert consultation. Quickbooks offers a variety of products directed at different types of business, for example, freelancers, start-ups, small business, etc. Quickbooks also provides cloud support which enables you to access it across multiple devices.
It enables you to get certified experts to maintain your bookkeeping
This is mainly focused on the need of a freelancer.
This is directed towards the need of small and medium businesses
Can be added to business products and help you manage your payroll issues.
Can be added to business products and help you accept payments and take invoice management and bookkeeping to next level
How Quickbooks Can Help You
Manage Day to Day Business
Quickbooks can help you manage your business on a day to day basis in a very effective way. By using Quickbooks you can easily monitor your daily sales, inventory, and expenses. This enables you to monitor the situation in real-time and take quick decisions when required.
Using the excellent invoice management system of Quickbooks and the ability to integrate internet banking you can make all transactions easy to implement and monitor. Quickbooks allow you to not only track the money you have to pay or receive but execute these payments quickly and efficiently.
Keep Track of Payments and Expenses
Reports Related to Business
No matter the size of business there are certain reports which are not only needed but can also help you understand the situation. Reports like P&L, Balance Sheet, etc. Quickbooks can make the task of generating these reports as easy and efficient as possible.
Apart from general payments and receipts, payroll maintenance is a huge part of money management for a business. By using the payroll management feature of Quickbooks you can make the process of calculating the paychecks and making payments a smooth process. Adding to the happiness of employees and their productivity.
Simplification of Tax Calculation
Quickbooks makes it very easy to generate reports needed for calculating and paying taxes for a business. Further Quickbooks enables you to excess any data you require for tax purposes in an easy and quick way. Thus the process of tax calculation will no longer remain a nightmare which people say it is.
How Does Quickbooks Work
Quickbooks help you by making the management of your business easy and swift, but how does it actually do that. There some main features of Quickbooks software that help you and your business.
This helps you monitor the financial health of your business. The main types of accounts a business have are Assets, Liabilities, Income, and Expenses. You can add more as per the need of your business, Quickbooks help you monitor the status of these accounts on a real-time basis. You will always be aware of the financial standing of your business and this will enable you to make timely and financially sound decisions.
These sections allow you to monitor your customers, vendors, and inventory and non-inventory items. You can look at all the transactions related to a customer or vendor at a single place. You can also check the items your business holds at any time, this can be inventory items that you need regularly and non-inventory items which may include services and single time use items.
Customers, Vendors, and Items
Quickbooks can generate many types of reports as per your needs. This includes default reports like P&L, Balance sheet, etc. You can also generate custome reports like report about a particular vendor and all the transaction related to that vendor. You can also save these reports for any future use very easily.
Basic functions related to calculating paychecks and making payments related to payroll can be done very easily. You can also set limits like annual limits to certain payments like vacation payments or tips. Tasks related to employee taxes can also be done easily and you can add users with payroll permission without hassle.
Billing and Invoicing
Billing works for a business where charges accumulate over time and the customer is charged at a regular interval or at the end, like a construction company. Invoicing works when the customer is charged every time a purchase is made like a restaurant. Quickbooks manage both this in a very simple and effective manner.