Using Quickbooks Online for Small Business

Using Quickbooks Online for Small Business

Using Quickbooks for small business is the way of today. Say goodbye to the old manual way of bookkeeping and hello to an easier way! Thank goodness we have so many options today to simply our small business duties. Starting and running a small business takes a ton of work, grind, time and resilience. Why make any task harder? Your bookkeeping and accounting can be made simple by using an online software like Quickbooks Online. Side note: we do not make any profit for endorsing Quickbooks Online.

Startup companies, self-employed people, and small businesses worldwide favor Quickbooks Online as the top accounting software solution for their business.

A Bookkeepers Responsibility

When you hire a bookkeeper their job is to handle these duties:

  • Invoices
  • Receipts
  • Payroll records
  • Billing statements
  • Bank and credit card statements
  • Tax forms and returns

While accountants analyze numbers and making profit and loss projections, bookkeeping does not include those same duties. Good bookkeeping ensures that you have the numbers and data that you need to help your accountant make predictions about your business’ future, and diagnose your business’ financial health.

Using Quickbooks Online for small business will transform the way you handle everyday business transactions and make bookkeeping a breeze.

A Typical Customer for Quckbooks Online

Quickbooks Online is typically used by small businesses, a single person startup, as well as multi-person organizations.

Why Using Quickbooks Online for small business is smart?

Pricing

Let’s begin with the pricing. Quickbooks Online is competitively priced. There are four service tiers designed to accommodate the needs of different business types and you also get a free 30-day trial period to try it out and see if using Quickbooks Online is good for your small business. You also have the option of paying 50% off for three months.

Customer Support

If you ever need help with anything pertaining to QuickBooks Online, as long as you pay for the user license, you have speedy access to Intuit’s online help desk. Their professionals will answer questions about set-up, help you with any difficulties, and even assist with general issues, such as adding another user. If you have any problems with the program while using it, they are always there when you need them.

Transactions Made Easy

With Quickbooks Online, you can add your bank account(s) and Quickbooks will automatically input transactions, purchases and payments, into the software. You do need to check and make sure everything is entered correctly but this is a far less tedious task than entering everything yourself manually.

Invoicing

Electronic payments will make life so much easier. You won’t have to go to the bank, process checks, and even input those payments by hand. It will be so much easier to process electronic payments, such as bank transfers, ACHs, and credit and debit card payments.

QuickBooks online simplifies the process for you – once your client receives their invoices, they just have to click on the link to pay it. The system will also note the payment right away as well. There are transaction fee’s for online payments. Bank transfers cost $1.50 per transaction and credit cards cost 2.9% + .25 cents per transaction.

Inventory Tracking

Quickbooks Online is your solution to managing your inventory. It allows you to track what’s in stock, get alerts when it’s time to restock, and see insights on what you buy and sell. You can also enter non-inventory products and services so you can quickly add them to your sales forms.

Save Time

Quickbooks online for small business will save you time on bookkeeping and paperwork, making it easier to run your business. Need we say more?

Data Access

You can access your data anytime 24/7 from any device with an internet connection. There is even an app in the android and Apple Playstore to download. Quickbooks Online mobile app is available for iPhone,iPad, Android Phone, and Android tablet.

There are some risk associated with using cloud computing software, but the benefits far outweigh the risks.

As you can see, there are many advantages to using QuickBooks Online. If you have any questions about the program or want to get set up on Quickbooks, please give Accounting District a call and let a certified Quickbooks expert help you decide if using Quickbooks Online is the solution for you.

You can reach us at (832) 871-5053 or fill out the contact form below.

Thanks for contacting us! We will be in touch with you shortly.

Leave a Reply