The beginning of the new tax year this week marks the beginning of a new accounting year for many small business owners.
Like the first of January, the new accounting year is a great time to make some resolutions.
It’s a good time to schedule your books into your diary, rather than leave to the bottom of the ‘To Do’ list. Perhaps you need to call your accountant and get up to date with filing deadlines so there’s no last minute panic this time next year. Or maybe it’s time to get off that spreadsheet and into small business accounting software so you can stay ahead of the game.
If you dread doing your books, procrastinate about crunching the numbers and can’t stand the idea of looking at the figures, now is the time to make some changes. Here at Safehands, we want to make your accounting as stress free as possible.
One of the tools we use to achieve this is Quickbooks – cloud based accounting software that makes balancing the books easy. As a Quickbooks gold partner we can offer you dedicated support to take the hassle out of accounts.
Here are seven ways we believe Quickbooks helps save you time and simplifies the bookkeeping process:
Synchronise your accounts
You can run Quickbooks on a MAC, PC, tablet and mobile phone, which you can synchronise between devices. This means, wherever you are and whatever you’re doing, you can always keep your accounts up to date.
Because Quickbooks is cloud hosted we can work with you, giving you a ‘real time’ snapshot of your accounts. No more hunting through the filing cabinets or printing off spreadsheets to get the latest data.
You can connect Quickbooks to your bank account to automatically reconcile and import transactions. This saves a lot of time and hassle.
Quickbooks enables you to easily set up professional looking invoices to send out to your customers. It means sending an invoice is effortless. And as our previous post shows, sending timely invoices results in quicker payments.
If you have recurring invoices you don’t need to remember them – simply tell Quickbooks when to create them and it will take care of it for you!
Keep up to date
All the important reports are ready to view – from income and expenses to outstanding invoices to profit and loss; it’s all there. This allows you to keep your finger on the pulse and know in an instant the financial health of your business.
Frees your time
By taking out a subscription with us, we can agree which parts of your business accounts you are responsible for and which bits you want us to do – freeing up your time to focus on the areas of your business that need you the most.