Small business accounting is a challenge. From keeping track of expenses to running payroll, preparing for tax season, and handling invoices, entrepreneurs usually find themselves in the dark when it comes to record keeping. But that’s where QuickBooks Online steps in as a total game changer, also when you team up with a QuickBooks Pro who will help you to get the most out this great platform.
For the solo entrepreneur or small team player QuickBooks has what it takes in terms of ease of use and efficiency. From Intuit comes QuickBooks which has become the go to accounting software for small business that are always on the go.
In this in depth guide we will go over the main benefits of QuickBooks Online, the which a Certified QuickBooks Expert brings to the table, and also we will answer the most common questions from small business owners.
QuickBooks Online is the best for small business accounting.
- Online Access to Real Time Data.
QuickBooks Online overcomes what you may find in standard desktop accounting systems. You are not limited to a single machine, instead your financial data is stored in the cloud very securely. You and your team can access the app from anywhere which in turn which also means you have a secure login. Also if you work with a bookkeeper or QuickBooks Expert they can log into the program and see real time information without issues related to file sharing or remote connections.
Also you may add many users to your account. This which in turn allows different departments or individuals to at the same time perform which ever task like expense tracking, invoicing and reporting which you which they are responsible for out of the which the data used is the same for all of them.
- No more manual backups.
In the past with desktop accounting solutions we had a routine but at the same time a very risky practice in business — a broken hard drive or corrupted file would put at risk months of data. QuickBooks Online has changed that. It does the save for you to Intuit’s secure servers which in turn gives you peace of mind and also takes out the need for you to do manual back ups.
This issue of reliability is what many businesses see as a benefit in working with a Certified QuickBooks Expert. They will set the system up right and also check that backups and data reports are going through properly.
- Instant Online Support and Issue Resolution.
QuickBooks Online members have at their disposal an in depth support structure brought to them by Intuit. From start to finish setup support to in depth troubleshooting we have you covered via live chat or phone support as you need.
Also with which a QuickBooks Expert teams up you have an edge. These pros not only provide technical support but also present to you customized financial strategies for your company. For expense categories that need organizing, payroll which requires setting up, or very specific financial reports which are a must a Certified QuickBooks Expert is the solution for optimal set up and use.
- Automatic Invoicing and Billing.
QuickBooks Online is at your service to auto generate and send out repeatable invoices and weeding out the manual work for you. No longer will you be involved in printing, mailing, or emailing out bills. Just put in the timeline you want, include the email in which you wish to bill your clients and we have it handled.
This feature does that which saves out many hours of admin work each month. Also a QuickBooks Expert may help you to custom design your invoice templates, put in payment links, and also report on past due accounts all within the platform.
- Auto bank transactions integration.
In QuickBooks Online we see that they have included a very time saving feature which is direct connection to your bank. This feature in turn allows you to import bank transactions into the software which you in turn can put into categories and reconcile in a few clicks.
Instead in performing each entry by hand, we have solutions which include to go over, approve, and match transactions easily. A Certified QuickBooks Expert will set up your chart of accounts and bank feeds right which in turn reduces errors and improves report accuracy.
- Grows with your business.
QuickBooks Online has a range of plans for different sized businesses. At the start of your business or as you scale up, we have a solution for you. From basic income and expense tracking to full scale inventory, payroll, and time tracking our packages grow with you.
Many small business startups which set up very basic systems at the beginning and later find out that they are not making full use of the platform. That is when you see the value in hiring a Quick Books Expert. These pros are able to help with plan transition, roll out of new features, and in training your team to use the software better.
Benefits from a Certified QuickBooks Expert.
While QuickBooks Online is easy to use, it’s in the care of a person that knows the software very well where it truly shines. A Certified QuickBooks Expert does more than just set up the system they provide on going support, customizations and in depth financial analysis.
Here is what a Certified QuickBooks Expert brings to the table:
Integration with third party tools which include payroll or inventory systems.
- Monthly financial reviews and cleanups
- Error correction and data integrity checks.
- Guidance on tax compliance and audit preparation.
When you’re a first time QuickBooks user or you are looking to improve an existing set up we at the certified professional’s service which will get you the most out of your subscription.
Final Thoughts
For small business owners QuickBooks Online presents a great and easy to use solution for performing daily accounting functions. From issuing invoices and processing payroll to real time reporting and automatic back ups we have it all. Also to get the most out of your QuickBooks we highly recommend you work with a QuickBooks Expert.
A Certified QuickBooks Expert will have your system set up right, will maintain it for you, and will get it fine tuned to what your business needs. They are your business’ financial technology partner they save you time, prevent large scale errors, and give you peace of mind.
Frequently Asked Questions
What is a QuickBooks Pro Advisor and what value do they bring to me?
A Quick Books Pro is a person which has in depth experience in use of QuickBooks for small business accounting. We also note that they set up, manage, and improve your financial processes in the software. By hiring one you see to it that accuracy is achieved, time saved, and at the same time that you get better business insights.
What is the role of a Certified QuickBooks Expert?
A QuickBooks Pro which is what I am I have passed the official Intuit exams. This accreditation wears that I have in depth knowledge of QuickBooks products and also that I am able to give top level support and financial advice to businesses.
Can a QuickBooks Pro Advisor assist with your tax preparation?
Absolutely. A QuickBooks Pro can put your records in order which in turn will make your tax reports accurate and timely. We also see them issue profit and loss reports, balance sheets and also do 1099s. Though they may not do the actual tax filing for you they see to it that your CPA has all the right info at the right time.
How regularly should I talk to a Certified QuickBooks Expert?
This will vary based on the size and complexity of your business. For most small businesses we see value in monthly or quarterly reviews. At these meetings your Certified QuickBooks Expert will do an account reconciliation, look out for errors, update reports, and also put forth ideas to improve financial efficiency.
What is the best version of QuickBooks for small businesses?
QuickBooks Online is the go to choice for small businesses which we attribute to its flexible features, real time data access, and low price point. We also offer QuickBooks Expert which will work with you to choose the right plan for your business’s size, industry, and growth.
How protected is my financial data on QuickBooks Online?
QuickBooks Online is equipped with bank grade encryption for your data. We use secure servers which Intuit manage. Also you may set which users have access to what. A Certified QuickBooks Expert may help you to put in place the best security practices.