Running a small business can be challenging. From managing staff to monitoring inventory and sales, new small business owners need to quickly learn to master dozens of new skills, often simultaneously, just to keep their business afloat. One of the most challenging skills for new business owners is learning the complex accounting needed to keep on top of your business’s finances. Critical financial decisions will need to be made on a daily basis, and you need a solid understanding of your business’s financial health to make those decisions. QuickBooks can give you the tools and the information you need to make those decisions.
From its humble beginnings as a basic DOS-based accounting system in 1990, QuickBooks has grown to become the gold standard of small business accounting packages – with an estimated 90 percent market share — and for good reason. QuickBooks puts the power of a professional accountant into the hands of the average small business owner by allowing you to simply manage your business while the software does all the accounting heavy-lifting for you.
QuickBooks offers a number of powerful accounting tools to help you boost your business and maximize your bottom line.
Here are just a few ways in which QuickBooks can help manage your small business:
Manage your cash flow: Cash flow is critical for any business. By simply entering your daily income and expenses in Quicken, you can keep an up-to-the-minute snapshot of your business’s financial health.
Invoicing: Manually generating and tracking invoices can be a challenge. Why not automate the process with QuickBooks? QuickBooks can automatically generate invoices, track when invoices are paid, and ensure that your business is both generating invoices in a timely manner – and collecting payment on invoices in a timely manner.
Payroll and time management: QuickBooks can track employee time and attendance and generate payroll for you. The program also integrates directly with a number of outside payroll vendors if you would rather shift the liability outside of your business.
Online payment and in-store credit card processing: Customers crave convenience. QuickBooks online payment processing option can give your business the edge you need and the convenience your customers want. By utilizing QuickBooks built-in eInvoicing option, you can start accepting online payments – and in-store credit card transactions — from your customers with rates as low as 50 cents per bank transfer or 1.6 percent of the transaction per card swipe.
Detailed financial reporting tools: Good financial decisions rely on good information. QuickBooks can generate detailed reports of all aspects of your business’s financial health, and can help you make informed decisions critical for you business’s financial future.
Most importantly, QuickBooks can give your business the edge you need to succeed.