If you own a small business, you’re probably juggling a lot with the day to day operations and the thought of dealing with the financial side of things may feel a bit overwhelming. QuickBooks Online provides an easy-to-use Bookkeeping software for all levels ranging for the non-Accountant to the numbers savvy.
Reviewed as one of the leading bookkeeping software, QuickBooks Online offers a user-friendly interface that allows you to seamlessly manage your books with little or no effort so you can focus more on successfully running your business.
Here are some of the advantages to subscribing to QuickBooks Online:
As a business owner, spending more time growing your business and less time managing your books is important to a company's success. QuickBooks Online saves business owners time by organizing and implementing efficient bookkeeping workflows. HTH encourages all clients and small business owners to use QuickBooks for their bookkeeping needs. Here are some benefits that QuickBooks has to offer.
Invoices and Payments:
Customers and Vendors:
QuickBooks Online has a powerful reporting functionality in which you can export pre-built and customized reports on the performance of your business. These reports provide insights on the financial position of your business, the outcomes of operational decisions for a specific time period, relevant data (i.e. gross profit margin or best-selling products) as well as details about customers, vendors, and employees. The reporting system supports both cash-basis and accrual-basis accounting so rest assured you can expect to receive accurate results based on how financial transactions are tracked and recorded within your business.
Each subscription level in QuickBooks Online offers various levels of reporting. The higher the subscription level, the more reports you will have access to view. You can also create a schedule that will automatically send reports on a periodic basis to anyone that you authorize. As a ProAdvisor and Client, you also have access to three pre-built but editable templates of Management Reports: “Company Overview,” “Sales Performance,” and “Expenses Performance.” Should you need to present the financial performance of your business to a stakeholder, you can create a packaged set of high-quality professionally designed management reports.
Here is a non-exhaustive list of reports available in each subscription level:
QuickBooks Online Simple Start: access to 20+ Reports
QuickBooks Online Essentials: access to 40+ Reports
QuickBooks Online Plus: access to 65+ Reports
QuickBooks Online Advanced: access to 65+ Reports + Smart Reporting
Click here for more info: Report Differences by Subscription Level
QuickBooks Payroll is another great feature offered by QuickBooks Online for your small business needs. By just adding QuickBooks Payroll to your subscription plan, you can easily perform HR and payroll functions; such as, next day and same-day direct deposits, employee benefits, and automated taxes and forms. But the best part is that QuickBooks Payroll seamlessly transfers your payroll information into your QuickBooks account allowing for an easy integration.
With QuickBooks Payroll, setup is easy. The software offers a setup wizard that guides you through every step, with expert support available to answer any questions you have along the way. After setup, you're ready to go process your first pay run.
QuickBooks Payroll can be purchased as a standalone service, or can be added to your existing QuickBooks Online plan.
QuickBooks Online also offers tax services for small businesses. Business owners worry a lot about taxes because there are thousands of tax regulations and jurisdictions that apply across the US. QuickBooks Online has recently updated their sales tax functionality, which can benefit both automated, behind-the-scenes-tracking basic users, and also more advanced users that need to customize certain functions.
QuickBooks Online tracks tax owed:
Hybrid sales tax experience:
Calculate sales tax features:
Click here for more info: Calculate Sales Tax
HTH & Accounting Associates help organizations and business owners with accounting and/or financial consulting services. For Help with accounting or Bookkeeping contact us at email@example.com or call us at 909-599-2111.
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