QuickBooks has long been the leading accounting software for small and mid-sized businesses. It has more than 3.2 million subscribers and the majority of market share.
Financial management for small and mid-sized businesses is critical because you can lose your business. Most businesses close because of poor financial oversight and cash flow management.
Accounting software helps you see your finances and management with ease. The QuickBooks benefits for businesses should give you a reason to consider this software ahead of all others.
Read on to learn the top benefits of QuickBooks and accounting tips.
- Cloud-Based Accounting Solution
Do you keep your financial information on a spreadsheet? That might stay locked on your bookkeeper’s computer and decision-makers have limited access to important financial information.
QuickBooks Online is cloud-based accounting software. Your information is securely stored online, and you can access your information from any device.
Your information is also available in real-time. That makes it easier to make quick financial decisions when you’re away from the office.
- Scalable Software
QuickBooks has different levels of service. You can sign up for the self-employed package, which gives you the ability to upload receipts, track income and expenses, and estimate your quarterly taxes.
Other versions let you have multiple users, run payroll, and track inventory.
Most versions have mileage tracking and reporting.
You could start out with one version of QuickBooks and scale up as your business grows.
- Integrates With Other Platforms
Since QuickBooks is so popular, you can integrate the software with more than 600 other programs.
It connects with popular CRM platforms like HubSpot and Salesforce. That lets you manage customers and your finances.
It also integrates with PayPal, Stripe, and other payment platforms. If you use a separate payroll service, QuickBooks probably integrates with that service as well.
The advantage of these integrations is that you can see what’s really happening in your business through one platform.
- Technical Support
QuickBooks has a large community of developers that support the accounting software platform. QuickBooks does offer technical support, but not many people find it helpful.
The community is much more reliable and is more likely to assist you with any issues.
For instance, if you have an issue with the software, you can download the QuickBooks Tool Hub from https://supporthelp.com/quickbooks-tool-hub-download.
It’s a diagnostic tool to help you sort out issues and get assistance.
- Affordable for All Budgets
QuickBooks isn’t as expensive as it used to be. Companies used to shell out hundreds or thousands of dollars each year to license QuickBooks.
QuickBooks Online is a subscription-based service. The starting costs are $15 a month for the self-employed version. The most advanced version is $180 a month.
There are additional fees for add-ons like payroll and other features.
Key QuickBooks Benefits for Small Businesses
Do you think the QuickBooks benefits are worth the investment? If you care about good financial management, you’d think that they are.
QuickBooks Online makes it easy for businesses of all sizes to manage the financial side. That keeps you informed and you can make better decisions.
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