QuickBooks

You have the option to add imported transactions manually,or QuickBooks will automatically import your bank and credit card transactions. You can add a check or cash transaction in a few minutes if you need to track it manually.

Printing financial statements is a handy tool for businesses that manage their cash inflows and outflows. Lenders generally require financial statements when you apply for a small company loan or line of credit. The ability to generate financial reports such as profit and loss statements, balance sheets and cash flow statements will help make the process easier.

Doing payroll manually is a mistake that you don’t want to make. Payroll errors can lead to hefty fines and disgruntled staff, the built-in payroll feature in QuickBooks will automatically calculate and run payroll for you. Every time you enter hours for an employee, QuickBooks uses their information, including hours worked and job details, to generate accurate invoices for customers.

Track your inventory in QuickBooks, and let it do the work for you! This cutting-edge software solution calculates the cost of goods sold for you. This deduction from your income is automatically calculated as you sell inventory. For tax purposes, this allocation is necessary and time-consuming to perform manually. If you run low on inventory, QuickBooks will notify you that it’s time to reorder.

The easiest thing that QuickBooks can do for your small business is make tax time easier. Compiling your income and expenses is the most challenging part of filing your taxes. Now, you can give your accountant direct access to your account so they can look at your numbers and print out whatever they need to do your taxes.

You can add QuickBooks Payments so customers can pay online from their emailed invoice. This is like other services for merchants, but because it’s fully integrated into the software, the sales, credit card fees, and cash deposits are all recorded automatically as they happen.

Organising your business receipts is the first step toward making tax time easier. QuickBooks Online subscribers can download our mobile app, take a picture of their receipt, and upload it in just minutes. All those purchases are automatically linked to your bank accounts, so you don’t have to worry about manual entry later.

For self-employed people and employee/owners, using a personal car for business is a huge tax break. But to get the break, you must be able to track the details of each mileage trip. This all-in-one software solution makes this easy by automatically tracking your moving vehicle with GPS and then making it easy to add billable mileage costs to an invoice.