Your business and bookkeeper’s new best friend.
The most widely used small business accounting program for keeping track of revenue, spending, and the financial health of a company is called QuickBooks. It can be used to create reports, pay bills, prepare taxes, and invoice clients. Numerous options in the QuickBooks product range are excellent for everybody, from a freelancer to a midsized enterprise.
Although QuickBooks has a number of choices, we advise QuickBooks Online for the majority of new businesses. A 30-day free trial of QuickBooks Online is available without requiring a credit card.
QuickBooks is frequently used by small business owners to handle their invoices, pay their bills, and monitor their cash flow. Moreover, they utilize it to produce month- and year-end monetary reports as well as plan for quarterly or yearly business charges. Some entrepreneurs oversee QuickBooks themselves while others like to utilize an in-house accountant.
By integrating your bank and Mastercard records with QuickBooks, QuickBooks keeps track of all of your bills and expenses and downloads and categorizes them all. You can record a check or money transaction immediately in QuickBooks if you wish to track it physically.
In order to use QuickBooks to manage upcoming payments, or A/P, you can also enter bills as soon as you receive them. By making a report, you may make sure that you pay your invoices on time. You will receive a detailed report of your current and past-due invoices in this letter.
Quickbooks has many options to fit your type of business.
QuickBooks Self-Employed
QuickBooks Self-Employed offers many features that freelancers or independent contractors will find simplifies running a business.
There are three available options.
- QuickBooks Self-Employed
- QuickBooks Self-Employed Tax Bundle: this combines TurboTax into your program
- QuickBooks Self-Employed Live Tax Bundle: Offers everything above, plus gives you access to a public accountant
QuickBooks Online
QuickBooks Online is a cloud-based product that doesn’t require software installation. This QuickBooks product is available in multiple subscription levels, including
- Simple Start
- Essentials
- Plus
- Advanced
Any company that doesn’t have detailed job-costing criteria would find it suitable. Using your secure login for QuickBooks Online, you may access your data from any computer with an internet connection.
QuickBooks Desktop
QuickBooks Desktop comes in six versions
- Pro
- Pro Plus
- Premier
- Premier Plus
- Enterprise
- QuickBooks for Mac
These choices need you to install the software on your computer. QuickBooks Pro will work best for most small businesses that like a desktop non mobile solution.
QuickBooks Premier is ideal for manufacturing, contractors, retail, or nonprofit. QuickBooks Enterprise is for large enterprises. These industries have specific reports you can find in QuickBooks Premier
The Plus versions of Pro and Premier are sold as annual memberships and come with unlimited customer support, and the backup of your company data.
Cost
From $15 to $35 per month. QuickBooks does run occasional deals
Payroll
Payroll is an area that you don’t want to have any mistakes in or do it manually. Mistakes made in in this area causes unhappy employees and large penalties QuickBooks has its own payroll function that can automatically calculate and run payroll as often as you need or you can review time and send it through yourself. When you enter employee time as discussed above, the hours not only flow to your invoices but also to the payroll module. This way you can be confident that every hour you pay your
Running your payroll through QuickBooks will allow you to:
- Pay employees with a check or direct deposit
- Calculate federal and state payroll taxes automatically
- Have QuickBooks fill in the payroll tax forms for you
Make Your Taxes Easier
Simplifying tax season may be the most crucial thing QuickBooks can do for your small business. The task of gathering your income and expenses is by far the most difficult part of filing a tax return. Printing your financial statements around tax time is all you need to do if you utilize QuickBooks throughout the year. Even better, with QuickBooks Online, you can give your tax preparer direct access to your account so they can review your financials and print the documents they require to complete your return.
Accept Payments Online
Offering consumers the option to pay their invoices online is one of the finest methods to increase your cash flow. You can incorporate QuickBooks Payments, formerly Intuit Merchant Services, so that clients can pay online from an invoice they get via email. Similar to other merchant services, QuickBooks Payments. However, since it is fully linked into QuickBooks, the sale, credit card fee, and cash deposit are all automatically recorded as they happen.
At 4 Seasons we love using QuickBooks to simplify the finances for a company and help them gain the understanding that they need to get the most out of their money.
Precision is important in bookkeeping. So is perspective. At 4 Seasons Business Bookkeeping we offer both, for your peace of mind. That’s why we are in business. We like bookkeeping, and the way it can change your life. Sleeping well at tax time is just the start. We like the possibilities. If you do too, get in touch! Email cheryl@the4seasons.pro for more information.