QuickBooks Online (QBO) has so much to offer when it comes to running your business smoothly. QBO makes it possible for small business owners to focus their attention on other parts of the business, and worry less about accounting. This is why they incorporate so many robust features into their program. SoCo Tax and Cloud Accounting is a team of tax pros and accountants who are always looking for the best methods to satisfy our clients.
Not only are many users able to access the software at one time, it also integrates with many others, so pulling information is simpler than ever. The integration between different programs allows users to pull documents, lists, data and more, and sync it to QuickBooks Online so you can save time. Transactions are automatically downloaded and therefore eliminate paperwork. Users no longer have to worry about losing important documents and receipts, as it will be stored on the cloud.
There is so much flexibility incorporated in QBO. You can work from the comfort of your own home or anywhere that has accessible internet, using a laptop, Android, iPhone, or iPad. You and your clients can be sure you are on the same page, because you are only given one set of books to manage.
While Quickbooks Desktop is a wonderful program, it does not offer the same features as QBO, so it might be worth looking into if you are trying to maximize efficiency. While you can track sales, tax and customer payments, and download bank and credit card transactions with both services, there are few services that just pertain to QBO. For starters, there is more backup and protection of data. Reports you are able to run are also specific to the industry you are working on. Data access is also real time, so there are no delays.
Financially, it makes the most sense to have your clients work with QBO. Instead of paying monthly fees, you can connect to financial institutions for free. You can also access free support once you have become a QuickBooks user and therefore receive quick answers right away. With QBO, you don’t have to worry whether your files are safe or not. You are provided with free, automatic backup. When QuickBooks updates their programs, yours are automatically updated as well.
QuickBooks Online is great for any business, but we especially recommend it to those who are always on the go and run service-based businesses. Along with this, it is a program for those who are comfortable with today’s advancements in technology. While our business world becoming cloud based, it’s important to have an understanding of the internet to avoid being completely lost. With that, it is not difficult to become knowledgeable in this area, as QBO offers training. The solutions are low maintenance and will help your company grow.
By switching to QBO you will ultimately benefit in a number of ways. It is an easy way to collaborate and access your data. The integration with other apps allows users to import for automatic categorization of transactions. Tax season is less daunting. You can also keep up with your business by checking on your profit and loss sheet, balance sheet, and customized reports. Lastly, QBO offers easy payroll software. While payroll can be time consuming, QBO uses free direct deposit, automatic tax tracking, and compliance updates to make it a breeze.
The SoCo Tax and Cloud Accounting Team uses QuickBooks Online every day. While this is not the only program we use to complete daily accounting tasks, it is one that we rely on heavily to ensure we are fulfilling client needs. The robust features that come with the program enable us and you to focus our efforts on other areas of our business.