How to Leverage the Power of QuickBooks to Automate Your Accounting Processes

QuickBooks is the most popular small business accounting software. It’s easy to set up company information and employee records with no accounting knowledge required. Once that’s completed, you’ll find that making day-to-day entries can be done in minutes while you save hours each week on bookkeeping. In fact, nearly 70% of QuickBooks users save three or more hours per week.

You are probably asking yourself, “How is this going to help my business?” That is a good question. No one wants to spend time learning new software if it is going to feel like hard labor. So let’s go back to a time when accounting was done manually. Before computers, paper ledgers were used to record double-sided journal entries for each transaction. And even as software technology advanced, bookkeeping was done using spreadsheets without a program like QuickBooks. Using these methods in today’s marketplace, a business would not be able to operate as efficiently as its competitors.

QuickBooks allows you to keep complete transactions with company data all in one place, and the ability to print detailed reports in minutes to quickly ascertain where you are making money and where you are not. You do not have to sift through paper files that only reflect limited information and must be further compiled or analyzed. For those who fear losing their paper accounting method, QuickBooks records can be used to reconcile paper records. Using the two systems together can help detect errors of input and miscalculations. 

Using QuickBooks to automate your accounting process is also a life-saver at tax time. At the end of the tax year, there is very little compiling and figuring to be done. A bookkeeping service can help with monthly, quarterly, and yearly accounting processes to prepare for tax filing. Take advantage of one month of free accounting services now from Indevia Accounting. Call us today toll free at 888-666-7820. We are available in San Diego at 619-330-5811.