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On The Go Business Tips

01.07.2016

January SBM logoTechnology can take your business places…make sure you aren’t left behind! Karen Stern, Partner in Charge of the Entrepreneurial Services Group, shows you how to make your accounting software work for you, not against you, in this month’s “Financial Fitness,” as featured in Small Business Monthly.

Accounting software can significantly improve small business internal operations and decision making processes, but maintaining accurate records takes a lot of time and effort, especially when you don’t have the time to sit at a computer all day. QuickBooks is the most popular accounting software for small businesses and Intuit has created tools designed to help you keep your records accurate and mobile.

QuickBooks Online can be accessed anywhere as long as there is an internet connection, and the QuickBooks Online smartphone app allows you to review transactions at any time. However, there are other apps that integrate with QuickBooks Online that can take your mobility even further.

The New Ecosystem of QuickBooks Apps provides you over 300 applications, including apps for inventory management and time tracking, billing and invoicing, point of sale and payment processing, marketing, manufacturing, payroll…pretty much anything you do within your small business! These apps will save you time, help you manage your business and provide most recent data — making decisions on real time information is a competitive advantage!

With apps like Receipt Bank and Bills.com you can take a picture of your receipt and the app will match it to your transaction in QuickBooks Online. (You don’t need to keep your receipts!) You can scan your bills and the app will “read” and enter the data into QuickBooks Online and will even process the payment after the customized approval process is set in place. The time saved on printing and mailing checks or filing receipts and invoices can then be used on running your business and planning the next step for your company.

Before you implement any accounting software or if you have any questions about the enhancements of your current software, contact your advisor.

Team

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