Quickbooks is one of the hottest accounting programs around. It is used by all levels of businesses from sole proprietorship operations to large corporate structures. Quickbooks is easy to use, economically priced, and does everything the larger named accounting packages can. Here are six reasons that you should consider using Quickbooks and how it can improve your business.
1. Track Time Spend on Projects
The time tracking feature is one of the best ways for employers to log employees’ activities, according to Accounting Freedom, Ltd. It will allow you to keep track of how long an employee is on a project, as well as any unnecessary overtime that your company is experiencing. You can start to trend patterns with employees and projects and make cuts where necessary. It is very easy to use and there is no reason why you cannot incorporate this feature into your employees’ projects.
2. Use It for Motivation
Since you will be tracking your employees, you will easily be able to see where some accelerate and others fail. Use it for motivation to award those who are pushing above and beyond what is required of them. There are some employees that always do more than they are supposed to do. With this software, you can pull reports and reward those who have the companies best intentions at heart.
3. Watch Employees Individually
Employees can be hard to control, even in the best corporations. Using the reporting feature, you can watch the activity of each employee. If there are long periods of no work from one specific employee, you can follow up on the downtime. You can keep a watchful eye on your staff and their routines without being too overbearing. Quickbooks allows you to watch out for your bottom line all without leaving your desk.
4. Avoid Redundancy
Do you see redundant mistakes that your employees are making? When you pull reports from Quickbooks, you can use it as a training tool. If your main accountant is always doing journal entries to try to balance the mistakes made by employees, you can fix their errors. Showing employees the correct way to do things will save you time and money.
5. Create a Baseline
With time tracking and other features, you can set a baseline that your employees must measure up against. If you expect your employees to be on the computer at least four hours each day, you can see if they are measuring up. Using this baseline, let the employees know what is expected of them. Quickbooks can help you chart and track that they are following the rules and being productive.
6. Measure Your Output of Work
Each company has a certain amount of work that they want to output each day. It can be a dollar amount or a number in the inventory system. Quickbooks can help you track your receivables, payables, employees’ salaries, time on projects, and much more. No matter what your business model, Quickbooks has a specific program just for you.
If you have considered using Quickbooks, you really should invest in this software. Not only is it one of the hottest accounting programs around, but it will do everything you need it to do. It is great for keeping your business organized and financially in-line. Whether you want reports for a meeting, to keep track of your vendors, or just to measure your overall productivity, Quickbooks can do all that for you and more. Forget those other programs that cost thousands of dollars, this program can do all those can with a price tag that is affordable.