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How to Use QuickBooks for Small Business

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QuickBooks is a powerful accounting software that’s perfect for small businesses that want to simplify, automate, and integrate all their financial departments. You can use it to track expenses, manage invoices, run reports, simplify taxes, administer payroll, and oversee inventory, among other tasks. 

Its uncomplicated interface makes it easy to learn, but it’s still best to hire a QuickBooks consultant from a trusted freelance marketplace like Guru to help you maximize its rich set of features. 

What Is QuickBooks?

QuickBooks is an accounting and finance solution that can help individuals and businesses manage their personal, business, and tax finances. It works on a subscription basis; users can pay monthly or annually to access a list of features that their enterprise needs.

Why QuickBooks Is the Best for Small Businesses

QuickBooks is ideal for small businesses because of its easy-to-use interface, powerful accounting features, and reasonable prices. Here’s why you should integrate it into your operations:

Easy to Use

While there may be a bit of a learning curve before you can maximize its offers, QuickBooks has an intuitive interface that makes it simple to use even for beginners. That said, if you want to know how to get the most out of its features, it’s best to get help from a QuickBooks consultant from Guru. 

If you’re wondering how much QuickBooks experts charge per hour, they can charge anywhere from $15 to $30 per hour for basic bookkeeping or up to $80 for more advanced tasks.

Powerful Features

QuickBooks can equip you with all the features you’ll need to manage your business’s finances efficiently. It can help with everything from payments to payroll and give you an accurate overview of your company’s financial health so that you can always keep on top of your operations and make better business decisions.

Well-Priced Plans

QuickBooks offers four affordable monthly pricing plans for their Online product:

  • Simple Start: $30
  • Essentials: $55
  • Plus: $85
  • Advanced: $200

Each tier offers more features and accessibility than the one below it, but you can also choose the lower plans if they already have everything that your business needs. Freelancers also have a Self-Employed option for just $15 a month.

How Small Businesses Can Use QuickBooks

Many small business owners wonder what QuickBooks is used for before they start using the platform. Here are some of the ways that you can use it for your enterprise’s finance- and accounting-related needs:

Manage Invoices

QuickBooks lets you create, send, and track invoices on the platform. You can make invoices from scratch or use previous estimates; then, you can either print them to give as hard copies or send them via email. You can also customize invoices to match your company’s branding.

Track Expenses

By integrating your bank account into QuickBooks, you can get a glimpse of your business’s cash inflow and outflow. QuickBooks also allows you to automatically generate financial statements and run business reports that would otherwise be cumbersome to do manually. You can get an overview of your business’s financial health in seconds!

Enable Online Payments

In a digital world, it’s important to be able to receive and send payments online. QuickBooks lets you do just that. You can receive payments online through the invoices you send and you can pay for your bills digitally—all of these transactions will be recorded in real-time on the platform.

Simplify Taxes

QuickBooks makes it easy for freelancers and businesses to deal with tax-related concerns, including filling out forms and computing fees. You can even give your bookkeeper or accountant access to your QuickBooks so that they can give you better advice and guidance on what you need to comply with tax requirements.

Manage Payroll

One of QuickBooks’ best features is payroll, which allows you to efficiently manage payments to employees and subcontractors. You can track bills and hours through the software, plus set up recurring payments–this way, you can ensure that you pay everyone on time and accurately.

Track Inventory

Input your inventory information on QuickBooks and it will help you track the movement of your goods. The software can even notify you if you’re low on certain items and need to restock.

Hire a QuickBooks Consultant From Guru for Your Small Business

With so many features, QuickBooks can become overwhelming to a beginner. So, while it’s easy to use, it’s best to hire a QuickBooks consultant from a reputable freelancer marketplace like Guru to help you learn the ins and outs of the platform. 

A QuickBooks expert can guide you through which QuickBooks versions and plans will work best for your business and teach you the best ways to utilize them to improve your financial operations. Hire a QuickBooks consultant from Guru today to get started.

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