Advantages Of Using QuickBooks Software
To Manage Your Business Finances
Everyone who has a small business or just starting one is usually more concerned with building a client base than paying attention to how they manage their company’s finances. Good financial management is the basis of a profitable and successful business. So, how can small businesses stay on top of their finances without incurring too much time or money on this task? One way is to have a good bookkeeping and accounting system in place. It can be done manually but this will take way too much time and a better one is to use an accounting software or outsource it to a bookkeeping company.
I always recommend that new companies start out doing their own books so they can get a feel for how their business operates from a financial standpoint. And right now, there is no better way to do that that than with software like QuickBooks. The biggest advantages of QuickBooks software is that it’s very affordable and easy to learn plus, you don’t have to understand how accounting works to use it well. Users can customize it in such a way that they can make their work even easier and definitely faster. For instance, you can create one click shortcuts for recording information and generating reports as well as doing tasks that normally would take you quite a bit of time. One thing I always recommend to my clients is if they don’t have the time to learn QuickBooks on their own they should hire a professional QuickBooks instructor. Investing a little money in the beginning will generate big savings and eliminate anxiety at tax time. I am frequently called up on by companies to clean up their QuickBooks messes and this sometimes can be quite expensive as the clean up can take days! With good QuickBooks training class such mishaps can be easily avoided.
Because QuickBooks can be easily synchronized with Turbo tax, small business owners can prepare their own taxes without the need for a CPA. I don’t normally advise clients to not use an accountant, but if your tax return is simple, than you can quickly do your own taxes and save lots on tax preparation fees.
When it comes to invoicing, QuickBooks makes it fun and easy. When I show my clients how simple it is to create their customized sales forms and estimates, there is always a surprise and then a sense of satisfaction. Even interior designers and some artistic types of business owners can make their invoices and estimates look very professional and beautiful in less than an hour!
QuickBooks has become so popular it’s almost universal. Accountants want clients on it because, when used properly, all the year-end financial statements are ready for them at a click and if they want to make changes they can do so remotely or through a feature called “Accountant’s Copy”. With this feature you give your accountant a piece of your QuickBooks file while you can continue working on your QuickBooks doing your daily bookkeeping and accounting. When the accountant is done making corrections or adjustments all that needs to be done is to have the two files merged. Once they are merged, your bookkeeping and accounting will be totally up-to-date and all this without you leaving your office or the accountant making house calls.
But the biggest reason to use QuickBooks is that it is so good at simplifying and unifying all the financial transactions that take place in your company. From invoicing and A/R to billing and A/P to tracking sales and expenses to reconciling bank accounts and much more, QuickBooks is perfect for small to medium size businesses.
My company has conducted QuickBooks training classes and workshops in New Jersey and New York City since 2005. We have helped over 2,000 small business owners and individuals get setup and running on QuickBooks expertly and quickly. We also help new businesses configure and customize their QuickBooks software & continue our relationship by providing tech support once their companies are fully operating.
If you need help with QuickBooks in NJ or NYC or interested to learn QuickBooks through one of our training courses, seminars, and workshops, please contact us directly at 201-322-3505
Providing QuickBooks training courses and servics in NJ & NYC since 2005
