Type “accounting software” in Google and you will see many options in the search results, including QuickBooks. At MBS Accountancy, each member of our team is fully certified as a QuickBooks ProAdvisor because we understand the benefits that it provides to business owners. This week, we’ll list the main ways by which QuickBooks can increase your business efficiency.
1. Stay In Control of Your Finances
QuickBooks’ robust framework lets you manage transactions and generate invoices for your clients. It also provides intuitive solutions for integrating third-party payment services like Square, PayPal, Visa, MasterCard, and others so you are always ready to receive a client’s payment. Integrating your income and expenses into QuickBooks lets you generate insightful reports and highlights trends in your data that you may be missing right now.
2. Easily Share Your Financial Data With Accountants
Rather than relying only on a local storage option like a hard drive, QuickBooks’ online version lets you save your custom reports and other in their cloud infrastructure where it stays until you need it. You are also able to specify user access levels so your documents are safe from accidental tampering. You can then share those documents without having to provide your own login information.
3. Streamline Your Business’ Financials
With Quickbooks, you are able to automate roles like bookkeeping, bank reconciliations, and receipt tracking. If your company regularly ships merchandise, QuickBooks will also let you track inventory as it moves from the shelf onto the conveyor belt. Along with tracking their journey through the shipping process, QuickBooks will also let you track the item’s cost and stock so you can keep your eyes on your profit.
4. Secure Your Data
Your business is built on data. QuickBooks’ parent company, Intuit, recognizes the importance of your company’s data and process throughout every step. When your data is stored on their servers, it is encrypted and protected against viruses by a cutting-edge anti-virus program. They also encrypt your data as it flows from their servers to your browser, using the trustworthy HTTPS protocol so your kept safe while working. They also train their employees biannually on the latest security practices and behaviors, equipping them with the latest strategies to avoid falling for social engineering attacks.
Not Sure Where to Start? We’ve Been There, Let Us Help.
With the largest team of ProAdvisors in-house in the Central Valley, MBS Accountancy is committed to helping you harness the powerful features of QuickBooks and drive your business toward greater efficiency and success. Get in touch today.