QuickBooks for Small Businesses

As a small business owner, you may benefit from using software to simplify your accounting. Setting up a QuickBooks plan could be the solution you’ve been looking for. QuickBooks is the number one online accounting software for small businesses that can help you to organize, track, and manage your business finances. As you decide which plan is best for you, here are some of the many QuickBooks features that may make a difference for your small business.

QuickBooks for Small Businesses Job Costing

The job costing feature in QuickBooks allows you to keep project costs on track by showing you which projects are making money and which are costing you. This feature makes controlling costs more efficient and maximizes profits by sharing insights that can help you make smarter business decisions. The cost tracking calculator also allows you to assess costs in real time to see if you’re on budget by highlighting where profit is trending from project to project

Track Expenses

By syncing your accounts with QuickBooks, you can efficiently track your expenses across the board. You can connect QuickBooks to your bank accounts, credit cards, PayPal, Square, and more to import and categorize your expenses. With the receipt scanning feature, you can save photos of your receipts and QuickBooks will automatically match your receipt information to an existing transaction. The software provides instant access to your key financials, including income, expenses, and outstanding invoices to help you keep tabs on finances and ultimately make smarter business decisions.

Create and Track Invoicing

With QuickBooks for small businesses, you can easily create and track custom invoices for your small business. You will stay up to date with real time alerts to notify you when your invoice is viewed, as well as when it’s paid. This can help you to avoid late payments with automated payment reminders to keep you on track. QuickBooks can also help to ensure that your records are reliable and up to date by automatically recording your paid invoices, so all of your funds are reflected in your books.

Manage Bills

Organizing and managing your bills online with QuickBooks can help you make sure your bills are always paid on time. The dashboard on QuickBooks clearly shows what you owe, when you owe it, and to who, so you can be confident in knowing that your bills are organized. When you connect your bank accounts, QuickBooks will import your bill payments and match them to vendors’ invoices. You also have the option between direct deposit or paper checks. With QuickBooks you can make partial bill payments, pay bills online, pay multiple vendors at once, and schedule future payments.

Monitor Inventory

QuickBooks for small businesses allows you to track your inventory in real time, so you always know what is in stock and what is on order. The system keeps track of every product you buy and sell, and quantities are updated automatically as you work. You can also use the inventory calculator to make sure you are not under or overstocking. QuickBooks also provides inventory insights, so you can instantly see your best sellers, total sales, and total taxes.

Utilizing QuickBooks Features

Taking advantage of all the features that QuickBooks has to offer can really benefit your small business in the long run. With organized finances and efficient accounting software, you will be more likely to see great success for your small business.

For more information about QuickBooks support for your business click here.