Balancing the books is essential to your business. While you might be running a small business now, it may come to the point when you’re looking for investors or funding to expand your financial horizons. At this point, your books become of paramount importance – they’re going to be the first thing that your interested parties are going to want to analyse. If your books are disorganised or inaccurate, then you may find that you’re waving goodbye to a significant financial opportunity. In addition, with the introduction of RTI the slightest inaccuracy could be all HMRC needs to launch a costly investigation into how your company is run. However, thanks to the accounting software, known as QuickBooks, you can avoid those situations.
Easy to use and integrate
The main benefit offered by QuickBooks is that it is incredibly easy to use. Many accounting software programs are confusing and difficult to get to grips with. By comparison, QuickBooks has been designed with business owners, rather than accountants in mind. Even if you don’t have an accounting background, QuickBooks offers an intuitive and logical accounting experience that even the most inexperienced business owner can use.
QuickBooks is also easy to integrate with other programs. Some accounting software might be easy to use, up until the point that you need to export data to your preferred tax preparation program. In addition, QuickBooks amalgamates well with programs such as Microsoft Excel, which is the cornerstone of many small and medium-sized businesses.
Small and medium-sized companies are often put into the situation where, perhaps because of the nature of the business they conduct, their invoices, charts, spreadsheets and invoices have to be customised and tailored to suit the needs of both the client and the business itself. QuickBooks accounting software allows that customisation to take place with ease. In addition, it gives a company the chance to uphold its brand by allowing your logo and details to be incorporated swiftly and efficiently into invoices and receipts. A further benefit is that it can reduce the time required for signing cheques. Some QuickBooks programs allow the CEO or business owner to scan and upload their signatures, so that cheque-signing becomes an automated rather than a manual process.
There are a number of other time-saving advantages to using this accounting software, such as creating a financial calendar, creating time sheets for multiple employees, batched invoicing facilities and even the ability to manage your QuickBooks files more easily, by condensing their size. QuickBooks may market itself as an online accountant but in reality it offers a great deal more, providing business owners with quick and simple solutions to the daily problems faced in the world of commerce.
There’s no doubt that technology is the future for businesses of all sizes. It offers the chance to streamline certain processes and to increase your company’s productivity by turning manual and repetitive work into quick and simple automated procedures. If you’re a small business and you find it difficult to keep up with all the ever-tightening regulations, then this might be the solution you’ve been looking for.
JonJon Yeung is a freelance writer and enjoys writing on New Technology and aims to be a tech guru. He blogs about Entrepreneurship, Business and also lives a Tech-Savvy lifestyle. For more info about Intuit UK accounting software visit www.intuit.co.uk.