What QuickBooks® Can Do To Help Your Small Business

Move Beyond Spreadsheets and Simplify Your Business Finances With QuickBooks®

Spreadsheets are helpful and have innumerable uses, especially for small business owners, but they’re not the best choice for managing your business finances. Because spreadsheets are not specifically designed for accounting or bookkeeping, they lack the tools you need to effectively and efficiently manage your books. 

What QuickBooks® Can Do

Unlike spreadsheets, QuickBooks® is powerful accounting software with a user-friendly interface. It enables small businesses to perform all the essential accounting tasks – like accounts receivable (A/R), accounts payable (A/P), bank reconciliations, invoicing, payroll – and generate all kinds of financial reports from balance sheets to profit and loss statements, and more. As a result, QuickBooks® has become a standard for small business accounting and bookkeeping, so most administrative and accounting professionals are familiar with it. 

QuickBooks® also works seamlessly with many other business apps and systems, making it easier on users any time there’s a need to integrate, import, or export data. 

At Accounting Meister, we can help you set up QuickBooks® software and learn how to use it efficiently. We also provide bookkeeping and accounting services if you’d rather let someone else handle those details. Contact us to request a free consultation with a certified QuickBooks® ProAdvisor and learn more about our services. 

Keep All Your Financial Information Organized in One Place

If you’ve ever had to search through files for a report or an old invoice, you know how important it is to stay organized. QuickBooks® offers many features that help small business owners organize their financial information.

One of QuickBooks’® greatest features is its ability to compile, create, and store relevant financial data like:

  • Invoices 
  • Payroll 
  • Expenses
  • Employee Hours
  • Accounts Receivable (A/R) and Accounts Payable (A/P)
  • Business reports like profit and loss or a balance sheet report

And Accounting Meister can help you learn how to harness all the tools it provides. Learn more about how our independent QuickBooks® training and tutoring can help you maximize your use of QuickBooks®.

QuickBooks® Allows You to Accept a Variety of Payments

Customers expect it to be easy to pay you – whether online or in person, via debit, credit card, or eCheck. With QuickBooks®, you can accept all these types of payments. And the QuickBooks® GoPayment app and card reader enable you to accept payments no matter where you are. 

Best of all, there’s no need to manually input or import sales information from another app. Instead, all of your sales data remains in QuickBooks®, ready for use when you need it.

Keep Track of Your Inventory

QuickBooks® provides dynamic inventory tracking that updates in real-time as shipments are received and orders are filled. It also helps you manage your inventory more effectively with a notification system that alerts you when your stock is low. In addition, it includes a host of pre-programmed, customizable reports that provide valuable business insights like your best-selling items and total sales. The system can even sync online sales so you can keep track of your inventory regardless of where the purchase originates.

Seamless Integration With Other Apps 

Since QuickBooks® is the leading software for accounting and bookkeeping, it integrates easily with most other software and apps – like PayPal, Square, Etsy, and Salesforce, to name a few. But there are over 650 apps that integrate seamlessly with QuickBooks®. 

If you’re not feeling confident about how to accomplish a QuickBooks® integration, contact the Accounting Meister team for integration support. We have extensive experience with QuickBooks’® many features and teaching them to others. In addition, we have helped many new QuickBooks® users get the answers they needed to become a whiz at using the software.

Sync With Your Financial Institution and Credit Cards

No one wants to spend extra time manually entering information from a bank or credit card into their QuickBooks® account. With QuickBooks® Online, you can connect bank and credit card accounts to eliminate the need to key in transactions, which enables you to keep a close eye on your balances, expenses, and deposits. After you’ve synced with your bank or credit card accounts, you can download and categorize transactions.

Make Tax Time Easier

Filing taxes can be a time-consuming experience, especially if you have to hunt down information. But QuickBooks® alleviates this burden. It is a comprehensive accounting solution for small businesses that ensures you have all the information you or your accountant need at tax time. 

When you use QuickBooks® throughout the year, your income and expenses are recorded as they happen, so you don’t have to spend time chasing after numbers when it’s time to do your taxes. 

Also, most tax professionals are familiar with QuickBooks®, which can reduce the time needed to explain your books and financial situation. 

However, understanding how to set up QuickBooks® properly is the key to getting the most use of the software. And at Accounting Meister, we can help you get QuickBooks® set up correctly for your business. We can also help you learn the best practices for using the software effectively, answer questions about QuickBooks® or other accounting software, and we can manage your books. Accounting Meister offers a host of services to meet your accounting and bookkeeping needs. When searching for an online accountant, look no further than Accounting Meister. Contact us today to learn more about our services or to schedule a free, 15-minute consultation.

Scott Meister, CPA

I help small businesses, accountants, bookkeepers, office managers, and business owners with their accounting needs. I’ve used QuickBooks since 2002 and train folks on how to use it efficiently. I create high-quality video training tutorials for QuickBooks and post them on scottmeister.teachable.com. Certifications include: Certified Public Accountant (CPA) | Certified Bookkeeper (CB) | Advanced Certified ProAdvisor for QuickBooks Desktop | Advanced Certified ProAdvisor for QuickBooks Online | Certified ProAdvisor for QuickBooks Enterprise | Certified ProAdvisor for QuickBooks Point Of Sale