While writing this blog post, I am the first to admit that running a business is exciting, but can be very scary at times. Prior to starting my small business, Premier Consulting, managing the financial side of the business was manual and not organized through Excel Spreadsheets. It was always overwhelming during tax season.
- Are you spending too much time manually tracking your business expenses and income?
- Are you tired of spending hours wrestling with spreadsheets and receipts?
- Do you dread tax season because your books are a mess?
- Do you struggle with creating and managing invoices for your clients?
- Do you have a clear picture of your cash flow and profitability at any given moment?
If you can relate to any of these posed questions, I can 100% relate to you as well. I had several small business clients of mine that used QuickBooks, but I never thought to look into it for my own business until one of my newest clients told me I need to look into it because I was going full time into my business and seeing my business grow very quickly. I am the type of person who looks into every new purchase I make because I want to ensure I am making the right financial investment into any new product or service. So I did my research.
I learned Intuit QuickBooks is a powerful accounting software designed to streamline your finances and empower you to make informed decisions, so while I was trying to make this informed decision about this new purchase, it would be the tool that would help me continue making these informed decisions, but much more quickly. So I picked the beginner plan and got started with 70% off the first 3 months. Little did I know then that it would be the best business investment that I made for my business and I am forever grateful to my client, Charles for advising me to make the investment.
Benefits of Using QuickBooks:
- Save Time and Effort: QuickBooks automates tasks like invoicing, bill payments, and expense tracking, freeing you up to focus on growing your business.
- Gain Financial Insights: Get a clear picture of your cash flow, income, and expenses with easy-to-understand reports. Analyze trends, identify areas for improvement, and make data-driven decisions for the future.
- Simplify Tax Time: QuickBooks helps you categorize transactions, track tax deductions, and generate reports for your accountant. Spend less time scrambling at tax season and more time focusing on what matters.
- Improved Collaboration: QuickBooks Online allows you to securely share financial data with your accountant and employees, fostering better communication and teamwork.
- Peace of Mind: Knowing your finances are organized and secure gives you peace of mind. I promise! They also offer robust data security and regular backups to protect your valuable information.
Features to Power Your Business:
- Invoicing and Bill Pay: Create and send professional invoices, track payments, and manage bills efficiently. Get paid faster and eliminate the hassle of manual tracking. This feature has truly been a game changer for my business.
- Expense Tracking: Easily categorize and record business expenses, whether it’s receipts, mileage, or subscriptions. Gain valuable insights into your spending habits.
- Inventory Management (QuickBooks Desktop only): Track your inventory levels, set reorder points, and generate reports to optimize your stock and avoid costly shortages.
- Payroll (Subscription Service): Simplify payroll processing with an integrated solution. Pay employees and contractors accurately and on time, while managing payroll taxes.
- Reporting and Budgeting: Generate insightful reports that track your income, expenses, and profitability. Create realistic budgets and monitor your progress towards financial goals.
- Mobile Accessibility (QuickBooks Online): Access your financial data anytime, anywhere with the QuickBooks mobile app. Stay on top of your finances even when you’re on the go.
Pricing:
QuickBooks has several pricing plans. I currently am enrolled in the Simple Start package and it is a full package that solves the problems I most needed to solve. As I grow my business, I expect to grow to Essentials, the Plus plan and eventually the Advanced plan.
Conclusion:
Intuit QuickBooks is more than just accounting software; it’s a powerful tool that empowers business owners to take control of their finances. The software truly allows you to focus on what you do best – running your business!
Whether you’re a startup entrepreneur or a seasoned business owner, QuickBooks can help you achieve your financial goals and navigate the path to success. Explore the features and benefits of QuickBooks today and see how it can transform the way you manage your business.
