The 5 Advantages of Using QuickBooks for Your Business


QuickBooks was made by Intuit especially to help out small business owners and the self-employed with all of their financial and accounting needs. No matter what industry your business operates in, QuickBooks provides a streamlined and cost-effective solution to handling the majority of your finance and accounting matters in-house. By automating all of the accounting tasks for your business, you will save time and reduce the potential for human error with your record keeping practices. This software is available for a relatively low price and comes with the added comfort of having a long track record of helping out many different small businesses. If you are wondering whether QuickBooks is the answer to your small business’ accounting issues, consider the following benefits of using this helpful software to manage your daily accounting operations.

1. QuickBooks can easily generate financial reports.
There are features within QuickBooks that allow users to generate financial reports in no time. This will free up more of your time to focus on revenue generating activities throughout the year.

2. Record and manage your expenses with minimal effort.
QuickBooks is excellent for keeping track of all of your daily business expenses and then allocating them to certain clients or matters, according to BMH Accounting & More. It makes it much easier to prepare taxes in April after having all of your business’ expenses properly accounted for. QuickBooks can also help you to cut down on paperwork and storage needs by providing you a place to store all receipts and bills on your computer.

Along with managing your expenses, QuickBooks allows you to pay your bills online by storing all of your payment methods. It easily combines with your existing online banking so that you do not have to worry about sending checks in the mail or remembering to pay certain bills each month. This affords you more time and energy to spend on more important matters for your business.

3. QuickBooks does not require any extensive training to learn.
QuickBooks is designed to be very user-friendly and does not require any specific knowledge about the software to get started. If you need help with getting it set up, QuickBooks provides instructions that are easy to follow and get you up and running with the program. There are also plenty of resources available online that you can check out if you have additional questions about how to use QuickBooks for your business.

4. QuickBooks can easily share data with many other compatible applications and programs.
If you use other programs in addition to QuickBooks to help your business run smoothly, you will be able to quickly transfer data. This cuts down on the time and expense of duplicative data entry tasks. It also decreases the potential that figures will be entered incorrectly between multiple applications.

5. QuickBooks allows you to take and process credit card payments quickly.
As a merchant, being able to process credit card payments is crucial to the operation of your business. With QuickBooks, you will be able to accept credit card payments from customers without a problem. The best part about this feature is that you do not have to download any additional software to make credit card payments compatible with your QuickBooks data.

As you can see, QuickBooks has a wide variety of features that will help your business to operate as efficiently as possible. You will be able to cut down on time that employees have to spend worry about finance and accounting functions so that they can devote their time, energy and passion to more productive tasks for growing your business. QuickBooks provides a certain peace of mind that you are not forgetting about important accounting tasks. Because this program is not prohibitively expensive, it has become a staple for many small to mid-sized businesses across the country. If you are still undecided about whether to give QuickBooks a try for your business, it is definitely worth the investment for a trial run to see how much it can improve your business’ daily operations and management.