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Top Benefits of Using the QuickBooks Accounting Program for Small Businesses

For small business owners, efficient financial management is key to sustainable growth and long-term success. Traditional ways of keeping books or tracking operations with a simple spreadsheet can quickly get out of hand as your business grows. 

That’s where the QuickBooks accounting program can be a real game-changer. Built-in ease and productivity are the two strongest attributes of QuickBooks that make it easy for small businesses to keep organized and be efficient, even as it adds thousands of new users per day.

This blog discusses the key advantages of the QuickBooks bookkeeping software for small businesses. Read more below.

1. User-Friendly Interface

QuickBooks has been made for small business owners. With an easy-to-use dashboard and a simple setup process, even non-accountants can easily manage financial data, generate reports, issue invoices, and have total control over their expenses. Make sure to hire efficient accounting services for small businesses. 

2. Time-Saving Automation

The QuickBooks accounting program eliminates many of the time-consuming jobs associated with managing your finances. It's capable of importing bank transactions automatically, categorizing them, and calculating tax deductions as well as reconciling accounts. This eliminates the need for data entry and lowers the potential of mistakes caused by human error - giving business owners more of their most valuable asset: time.

3. Customizable Invoicing and Payments

QuickBooks enables you to create and send professional-looking invoices in seconds. It also supports online payments through different mediums, including credit cards, ACH transfers, and even mobile payments. This added flexibility not only helps to improve cash flow, but it also accelerates the payment cycle by making it more convenient for customers to pay on time.

4. Real-Time Financial Insights

QuickBooks accounting program withholds updated financial reports; profit and loss statements, balance sheets, and cash flow summaries. Business owners can use these up-to-the-minute insights to make well-informed decisions in a snap, be it budgeting, forecasting, or assessing the performance of the business.

5. Cloud-Based Accessibility

QuickBooks Online offers users a way to compare their financial data from anywhere and at any time. Whether you are sitting in the office, on the road, or working remotely, this software offers a secure environment that always keeps your accounting data up-to-date and available wherever you are. It also enables multi-user access so that you can access your information with coworkers or accountants.

6. Tax Preparation Made Easy

Tax season is a stressful time of year, but QuickBooks makes it easier. By sorting and classifying revenues and costs at any time during the year, it facilitates the technical accuracy of materials that are exportable or sharable with your tax preparer. Hiring the right accounting services for small businesses helps you recognize possible deductions, saving your money.

7. Scalability and Integrations

QuickBooks has plans for all businesses, large and small. Whether you are a solo freelancer or running a small business with employees, there’s a plan for you.

Get the Best Accounting Services for Small Businesses

Taylor Made Bookkeeping is the one-stop solution for all your accounting needs. Whether you are a small business owner or a startup, we can handle your finances seamlessly. Schedule an appointment with us today.

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Hiring the Best Bookkeeping Services in Plano: Questions to Ask

The bookkeeping service you choose can create a significant difference for your business. Whether you are a small business or scaling up, having accurate financial records is vital for making sound business decisions, compliant with tax laws, as well as, understanding your cash flow. However, not all would-be bookkeeping services in Plano are the same. This blog discusses some crucial questions to ask to help you make an informed decision. Read more below.

1. How Familiar Are You with My Industry?

Your business has specific financial requirements. To hire the best company for bookkeeping in Plano, TX, businesses need to ensure that they are familiar with their industry – whether it’s retail, construction, law, or healthcare. This will ensure they are aware of industry-specific practices and terms and the various requirements for what you must comply with. 

2. Are You Certified, and What Tools Do You Use?

Your bookkeeper should have industry standard, relevant certifications, e.g., QuickBooks Certified ProAdvisor. Are they familiar with cloud-based accounting software like QuickBooks? Having the right software tools can help you automate and eliminate the manual processes, and to maintain compatibility with your current systems.

3. How Do You Protect Data and Maintain Privacy?

Financial data is very sensitive by nature. Inquire about how the service secures your data — do they use encrypted file sharing? Do their systems meet financial data requirements? Securing your business is important. This will help find the best company for bookkeeping in Plano, TX.

4. Can You Scale Your Bookkeeping Services With My Business?

As your business expands, so will your bookkeeping requirements. Ask if they can cope with larger transaction volumes and provide added services, such as payroll, or tax preparation; 

5. What Does Your Communication and Reporting Process Look Like?

Are they going to show up each month with a financial summary? Can they be reached when you have questions? Here you will want to get a sense of when these resources are available and when they report to you so that there are no surprises later.

6. What Are Your Prices and What Does It Include?

Consider whether you will be charged an hourly rate or a monthly retainer how fees are handled when work goes past a certain number of hours, and whether you can be billed per project instead of hourly. What's included in their package and are there hidden charges?

Looking for the best bookkeeping services in Plano? Your search ends with Taylor Made Bookkeeping by your side! Get in touch with us today to discuss your requirements.