QuickBooks is a popular accounting software system which is commonly used for managing expenses and sales. It is also used for monitoring day-to-day business transactions, like bill payments, customer invoices, and more. Globally, the system is widely used by small- and medium-sized businesses.
This software comes with certain striking features that make it a vital tool for running a business successfully. These features are quite cost-effective and should not exceed your business budget. One of the major benefits of QuickBooks is that credit card and bank accounts can be connected so that you receive automatic downloads and subsequent categorization. For seamless integration, you can connect QuickBooks with apps you are already using.
Here is a quick look at the major features within QuickBooks that aid business growth.
1. Inventory Tracking
You can use QuickBooks to automatically track inventory on hand from the initial shelf level through the shipment. The per-item cost can also be monitored to give you a clear idea of your profitability.
2. Cash Flow Management
With the system’s help, you can be sure of the amount you are owed and from whom, and you can gain clear-cut knowledge of the time payments are due. You can directly monitor how many customers are overdue through emails from your phone.
3. Spending Automation
Use this tool to efficiently manage all your vendors as well as their bills. Recurrent payments can be seamlessly set up as automatic bills.
4. Professional Payment System
Custom sales receipts, invoices and estimates can be created in a professional manner, highlighting your brand image and business perspective.
5. Instant Payment
For easy one-click payments, you can add a ‘Pay Now’ button to online invoices. Customers can make fast and easy payments using debit cards, credit cards or bank transfers.
6. One-click Reporting
QuickBooks can give you an instant snapshot of your business performance. With a single click, you can generate a balance sheet, a profit and loss report, and other reports.
7. Dashboard Highlights
Once you sign in, you can instantly see expenses, income, pending invoices, and other major business financials on a dashboard.
8. Accounts Sharing
Your records are instantly accessible to your accountant irrespective of place or time. This feature is also free. This is in fact an extremely hassle-free way to collaborate and communicate with your accountant.
9. Financial Statement Preparation
QuickBooks can automatically keep track of payments made to subcontractors. All statements can be properly prepared, helping you to stay compliant.
10. Mobile Business
This software empowers you to conduct your business from anywhere in the world. Whether you are in the airport lounge or a coffee shop, you can update customer data, run payrolls, or manage a late invoice, all from your tablet or mobile phone.
11. Paperless Receipt Management
This is an amazing feature which helps you stay organized wherever you are. For convenient tax preparation, you can take a receipt snapshot and simply connect it to a transaction.
12. Payroll Management
QuickBooks can help you easily run and file payroll taxes. Using enhanced payroll options, you can pay by direct deposit or check after entering employee hours. Full service payroll is also available; this will allow you to generate flawless paychecks and file taxes accordingly.
Apart from these exclusive features, QuickBooks also has something in store for those who are self-employed. By opting to use this software, freelancers can track their mileage automatically. Moreover, the software will do all the calculations for your quarterly taxes, enabling you to set some funds aside and avoid year-end surprises.
To install QuickBooks in your computer and get continual technical support, all you need to do is dial the QuickBooks phone number and hook up with technical support. That way, you’ll be able to install the software easily without hiring external support.
So, get ready to make your life hassle-free!