By Kamran Sharief
When starting a new business, some entrepreneurs are caught off guard when it comes to bookkeeping. Most business owners turn to some form of online bookkeeping software to help with these tasks. The most commonly used accounting software is QuickBooks. There are five reasons why you may want to use QuickBooks for your business: It is simple it use, can instantly create invoices, handle payroll, calculate taxes, and is accessible from virtually anywhere. Let’s talk about these reasons in more detail.
1. Simple to Use
QuickBooks is designed to be intuitive and user-friendly. Even people who know little about accounting can get things set up and figured out quickly. If you are concerned about your ability to use QuickBooks because you have never used accounting software before, do not worry too much about it. You should be able to run things efficiently in no time.
2. Create Invoices
QuickBooks allows you to create professional-looking invoices for your customers. Payments can be applied to it, and it helps keep track of receivables, too. With QuickBooks, you can easily enter the data that goes on your invoices in just a few minutes. Afterwards, you can email, print out, and mail the invoices to your customers.
3. Handle Payroll
This task can leave a business owner puzzled. If you don’t take care of your payroll in the right way, it will come back to haunt you in the long run. It is important to withhold the correct tax amount from each employee’s paycheck and make sure your payments are made on time to guarantee that your employees don’t face delays in getting paid. QuickBooks takes the strain out of both of these tasks.
4. Calculate Taxes
Perhaps the best thing about using QuickBooks is that it makes filing your taxes easier. If you have to pay sales taxes every month, you can simply look at the “Sales Tax Payable” account in QuickBooks to see how much you owe. Then when you need to file your tax return at the beginning of the year, you can quickly gather all of the detailed information. It will give you a total of all of your business expenses, income, and other information that you need in order to correctly file your taxes. Without this tool, you’d have to go through and manually add up all of your receipts and other items in your books. That would be a complicated undertaking.
5. Access from Anywhere
Depending on which QuickBooks edition you get, you may be able to access your information remotely. QuickBooks has an online version that keeps all of your data in the cloud, so you can get to it from any computer with Internet access, anywhere in the world. You can even download an application to your smartphone and access your data that way. This is great for small businesses as it allows you to keep track of everything while you are on the go.
Research your accounting software choices and you will find that QuickBooks is the best. It is simple to use, creates professional invoices, handles payroll with ease, calculates taxes, and can be accessed remotely. This software is the industry leader for a reason. It will make your life less complicated and allow you to focus on what you do best.
About Checkway Systems
CheckWay Systems has been in the retail pos business for the past 20 years. We provide quality products essential in all aspects of retail operations. Our understanding of the retail cycle enables us to provide the knowledge necessary to build pos terminals tailored to your specific needs. Whether you need the whole solution or just one piece of the puzzle, CheckWay will not only meet but exceed your retail automation needs.