QuickBooks software is one of the most popular accounting software for small businesses in 2023.
Whether you want to create some distance from manual bookkeeping or your spreadsheets have developed into a multi-headed hydra or you want a superior choice compared to your current software, QuickBooks can be a decent decision without burning a hole in the pocket.
In this article, we will examine what QuickBooks is and the way that it works so you can understand the various ways wherein it can assist you with saving time and being on top of your financial statements.
What is QuickBooks?
Although QuickBooks software is most popular for its bookkeeping software, it offers a range of accounting and finance solutions for small businesses. Here are a few examples:
QuickBooks Payroll: Available as a self-help or full-administration arrangement, it allows businesses to pay up to 50 representatives via check or direct store. On the off chance that you decide on a full-administration package, your year-end W-2 tax forms for local, state, and federal taxes are automatically calculated and documented.
QuickBooks Commerce: It brings all of your orders and stock onto a central dashboard, providing you with the real-time status of every request. QuickBooks Commerce is exceptionally scalable and you can utilize it to rapidly add new sales channels or construct your B2B commerce platform and integrate with online marketplaces.
QuickBooks Online: You can keep your accounting books in the cloud, accessible from anywhere at any time, utilizing QuickBooks Online. This assistance also has invoicing capabilities.
QuickBooks Live: Utilizing QuickBooks Live you can partner with a specialist bookkeeper to assist with all your bookkeeping needs.
QuickBooks Payments: QuickBooks payments allow you to generate pay-enabled invoices, set up recurring invoices, and get compensated in a hurry digitally. Your clients can pay digitally utilizing a strategy they want.
QuickBooks Time: Track billable hours for your representatives or clients or activities utilizing QuickBooks Time. The time you track is easy with QuickBooks Payroll as well as payments.
How Quickbooks Can Help Your Business
As quite possibly the greatest name in the accounting software industry, signing up for QuickBooks software greatly increases the chances that different platforms your business may utilize, like customer relationship management software (CRM), will integrate with it and streamline processes.
Currently, QuickBooks is offering two distinct specials; you can either attempt it free for 30 days or sign up and get a 50% discount on your first three months.
Here is a portion of different ways that Ximple Solution QuickBooks can help your business.
Financial Statements at Your Fingertips
You have easy access to all the normal financial statements like balance sheets, profit, and loss (P&L) statements, cash flow statements, and customer relationship management software files.
You can take a printout of these statements for your accountant and send it across to them at the time of filing or welcome them to see these statements without requiring a login ID or password.
Straightforward Inventory Management
Tracking inventory as you sell them, entering the details in the right expense account, and calculating taxable income at the finish of the financial year can be extremely bulky manually.
QuickBooks software makes it easier by doing everything automatically. As you accept payment for anything in the inventory, the right expense account is updated and reflected automatically in taxable income.
Tax time is one of stress and hassle for additional reasons than one. QuickBooks makes it easier for your business as it calculates your income and expenses automatically as they happen.
In any event, for payroll, which has a colossal tax liability, taxes are calculated automatically every cycle.
You can take a printout of all the information your accountant needs to easily prepare the profits and ship it to them.
You can easily scan and upload receipts in real-time utilizing the QuickBooks software mobile app, so you don’t have to run helter-skelter to collect them at the time of taxes.