You need QuickBooks Consultant if you are an owner of a small business that started recently, chances are, you are in charge of operations, quality control, marketing, and accounting. It is not an uncommon practice for a small business owner to wear multiple hats at the same time. But things go out of hand when the business starts generating more leads. The prime focus will be on all the other tasks except bookkeeping because you think it is a simple process. But when invoices start piling up and the tax season nears, you try to take control of the situation but end up with unbalanced books. If the IRS finds any issues with your tax reports, you may even attract an audit. Small businesses avoid such undesirable situations by hiring a QuickBooks consultant.
Keep reading to know more about QuickBooks if you have been introduced to it recently, or trying to find out if it is the right accounting software for your small business.
Do I Need Quickbooks Consultant for My Small Business?
There are many reasons for QuickBooks’ popularity among small businesses. Here are a few of them that prove that this accounting tool adds value to any small business out there.
User-Friendly Interface With Simple Language
As a business owner, you may not know the technical jargon associated with bookkeeping or accounting. For some, the sight of an excel sheet too could be off-putting. But with QuickBooks, you can easily navigate the various sections, and the language is simple enough for users with zero or very limited understanding of accounting.
Task Automation, Report Generation, and Electronic Invoicing
As a small business, you may have recurring invoices and bill payments. Even if you forget, the built-in task automation will take care of it, making accounting less stressful for you. During the tax season or whenever you need to know the financial status of your company, you can generate statements including transaction details, trial balance, and general ledger. QuickBooks also allows you to send invoices through the software, track the status, and accept online payments.
Removes Clutter From Your Office
Have you ever searched for an invoice or your business loan documents among a clutter of files and papers? Ever lost an important record because you do not know where you kept it in the first place? Have you experienced the trouble of analyzing every document from the beginning of a financial year to file your tax report? Then QuickBooks is just for you. You can scan and upload or set the software to sync bank statements, invoices, and any document that you receive in your email automatically.
Should I Hire a Quickbooks Consultant?
If your startup is new, you may find enough time to manage all your tasks. But as your business scales, you won’t get enough time to focus on bookkeeping. You may even hire new employees, and that adds payroll documents to the already enormous pile of financial records. A bookkeeper is never a liability to a business, as many new business owners feel. They take the pressure off your head by doing what they are good at—bookkeeping. Your QuickBooks consultant will organize and manage all your financial documents in one place, which you can access anytime to learn about the current financial status of your company.
By knowing whether you are running at a profit or a loss, you can investigate and pinpoint the strengths and weaknesses of your company and work on them. You can also decide whether to stick to the current strategy or develop a new one.
A study conducted by U.S Bank shows that about 82% of businesses fail because of poor cash management. It’s about time you transfer the pressure of bookkeeping to a QuickBooks consultant and focus on growing your business. Searching for “QuickBooks advisor near me” on Google will present you with the contact information of every QuickBooks bookkeeping firm near you.
Do not allow your business to fail because you were late to hop into the bookkeeping bandwagon. Not only does it take away all your stress, but gives you enough time to relax and spend time with your family. You don’t have to sacrifice precious time with your friends and family for your passion for running your own business.