Accounting is one area that many businesses owners despise, yet it is arguably one of the most important. Having a handle on your books can make a huge difference to your bottom line and allow you to see areas where your business could be doing a better job managing finances. Controlling spending is one of the most important functions of any small business. But for small businesses who struggle with managing their accounting, Quickbooks Online is a great option to help alleviate the headache that many business owners get when it comest to accounting. Here are just a few advantages to choosing Quickbooks Online to manage your finances.
1. Powerful Automation
The automation in Quickbooks Online, when set up properly, will make running your business much easier. Bank transactions can be downloaded every night. So there’s no need to give anyone else your banking information, giving you some peace of mind using QBO. The ability to automate invoices is another great way to take away the stress of managing finances. You can even see if they opened the invoice so there is no need to worry whether or not they received it.
2. It’s In the Cloud
With all your information in the cloud, there is no need to constantly back up your books. So if your computer or server crashes, all your information is still there. The cloud also allows you to access your information from anywhere. Whether you are traveling or running errands, your books are easily accessible from any computer, tablet, or smartphone.
3. No Need to Update Software
Unlike other accounting software where you need to update to stay up to date, with Quickbooks Online, everything is always up to date so there is no need to worry about when you’ll need to buy the latest version.
4. Access to the Quickbooks App Suite
If there is a feature your business needs that isn’t a feature built-in to Quickbooks Online, there is a good chance they have an app that can get the job done. News apps are constantly being developed for QBO and who knows, you might even find something you never knew you needed. Even better, they are free to try, so you never need to worry about wasting money on an app you won’t actually end up using.
Using Quickbooks Online is a great way to simplify your accounting tasks and take the stress out of managing your books. If you are interested in finding a professional to set up or manage your books, get in touch to learn how we can help!
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Source: Stephen Willis