Are you still doing your accounting manually? Then you might be just a bit behind. Even your competitors have probably switched to digitally overseeing their finances, but don’t worry, you don’t need to be a technology wizard or accounting expert to learn how to use QuickBooks. Our tax and accounting pros here at Bodine Perry put together a list of the top five reasons on why your business should be using QuickBooks…
Why use QuickBooks?
QuickBooks is an accounting software that has a multitude of uses. The sole purpose of this software is to help cut down the use of multiple tables, spreadsheets and tracking sheets that come along with having to document and manage the accounting tasks within your business. With QuickBooks you can:
- Keep track of sales/purchases and accounts receivable/payable.
- Run reports to establish profits, net worth, cash flow, etc.
- Manage your payroll electronically.
- Manage your inventory.
- Prepare for the upcoming tax season and shorten the tax return process.
Reason #1: QuickBooks saves you time and money
Instead of spending hours each day on book-keeping and paperwork, you’ll only be spending a few hours each week because the simple tasks are taken care of automatically. This is a unique software because it even lets you automate daily downloads of banking and credit card transactions. You also have the capability to upload your signature which means that you can automatically sign checks, saving you extra time in the long-run. QuickBooks is a software that won’t break the bank either. Whether you run a small business or a multi-million dollar company, it will only cost you a few hundred dollars to make your life easier and your business run smoother.
Reason #2: QuickBooks saves you from errors
When entering data or information, such as a customer or client’s address, or the price and description of a product or service, the software automatically stores everything for you. Data input is autocorrected and asks for confirmation if the software presumes other input errors. These are all excellent features that not only improve efficiency but also make it virtually impossible to incorporate errors.
Reason #3: Customization is easy
Ready-to-use templates are already included in the software but QuickBooks makes it easy for you to design the invoice template exactly how you want. Wow your customers and clients with professional, uniquely-tailored sales and purchase forms. You can even add your logo and other detailed line items without any extra hassle. QuickBooks was designed with the user in mind, knowing that not every business is the same.
Reason #4: Improved customer relationships
QuickBooks makes it easy for you to know your customer. When they have questions or concerns and want answers, you can give them the correct information quickly and with no errors. With this software, you can store all the necessary details about your clients in records, such as contact information, payment details, and transaction history.
Reason #5: Anyone can use QuickBooks
If you have little experience when it comes to using a software such as QuickBooks, don’t worry, training comes with the product. The training varies depending on who you purchase it through, but either way, you will have access to online classes or be able to sign up for one-on-one training with a QuickBooks expert. Since QuickBooks is used by millions of people, there are endless amounts of resources online to help you learn and navigate your way around the program.
Are you worried about taking the leap and downloading QuickBooks for your business? Don’t hesitate to contact our QuickBooks pros here at Bodine Perry. Let us assess where you are with the software and come up with a plan to help your business run smoother. If you’re just starting out, we can help you get to where you want to be. Call us at (855) 851-8318 or visit bodineperry.com.