The Benefits of QuickBooks Online

Hello, and thank you for visiting my blog. My goal here is to highlight the many benefits of hiring a bookkeeper, and how QuickBooks online can truly help to organize your business.

A bookkeeper must create and maintain accurate records of every financial transaction. It’s more than just recording income and expenses. All bills, loans, accounts receivable and accounts payable, and more, must be carefully tracked each day.

Admittedly, that can be overwhelming, especially if you don’t know HOW to use QuickBooks online. Much of it is user-friendly, but it’s also easy to make mistakes, than can snowball into big problems for your business. Not to mention the stress of trying to figure out what the mistakes were, and how to fix it them.  On that note, did you know  that every transaction affects AT LEAST 2 ACCOUNTS  in QuickBooks?

It’s O.K…that’s what we’re here for! We can systematically go back and find errors and get your books up-to-date. We can also consult with your Accountant or tax professional to get their input about what they really want to see at tax time. This helps to tailor your QuickBooks to give you the most benefit. It’s really about PEACE OF MIND, isn’t it?

Maybe your books are up-to-date, and you are just ready to pass the baton to someone else…to free up your precious time for more important things.  Outsourcing your bookkeeping to a firm like ours can be cost effective as well.  It  will also save you a lot of money in overhead, by eliminating salaries, payroll taxes, benefits, etc.

HERE’S SOME FEATURES ABOUT QUICKBOOKS ONLINE YOU MAY OR MAY NOT BE FAMILIAR WITH:

  1. Do you know when to use a sales receipt and when to use an invoice?  Knowing the difference actually saves time when recording sales.
  2. You’re recording the expenses that you pay for using platforms like Square or Paypal, right?  How can you tell in QuickBooks what your real profit is without those?
  3. Have you ever had customers pay you for batches of sales at once? Are you applying those to the right invoices in QuickBooks online? I can help you make sure you get it right every time.
  4. Did you know that QuickBooks online tries to guess the category or other information in your bank feeds, but it isn’t always right? Do you know how to check its suggestions, and make sure you’re making the right choice?
  5. Have you ever forgotten to tally up what your clients owe you at the end of the month, and actually “tell” them about it? QuickBooks online has a great option to help make sure you never do that again.
  6. Your customers are just as busy as you are, so it’s natural that they’ll forget to pay you on time once in a while. QuickBooks online makes it easy to send reminders so they don’t forget. I can show you how.
  7. How you record your deposits in QuickBooks can have a big impact on your books! Are you doing it correctly to match the bank feeds?
  8. How about creating estimates and progressive invoices from estimates?  Progress invoicing makes it easy to track how much you’ve billed out, and how much you still need to. How much of an impact could an easy process for that have on your cash and on your time?
  9. Once your customer accepts your estimate, you might need to buy some supplies. Did you know that QuickBooks can help you generate a purchase order for your supplier directly from one of your estimates? Think of the time that would save you!
  10. Speaking of purchase orders… would you like to know how to record expenses for   those supplies, directly from your purchase orders?
  11.  Are you checking to make sure you’re not getting hurt by bank errors or fraud?  Let me show you how to catch those in your books using QuickBooks Online.

 

That’s’ just a few of the benefits QuickBooks Online provides. Stay tuned for the next edition.  Enjoy your day!!!

Tobie