The Balanced Pages/For QuickBooks/Is QuickBooks Enough For Your Small Business Bookkeeping?

Is QuickBooks Enough For Your Small Business Bookkeeping?

Monday, August 07, 2023

QuickBooks is a comprehensive bookkeeping software package developed by Intuit for small business owners, like you, who tend to have a lot on their plate. QuickBooks tracks all of your business finances in one place, making it easily accessible to you and your accounting team.

What Are Some Benefits Of QuickBooks?

  • QuickBooks allows you to create and track invoices easily.
  • QuickBooks automatically keeps track of expenses and bills.
  • QuickBooks is safe and secure, and accessible from anywhere.
  • ​QuickBooks is user-friendly and customer oriented.

With a wide assortment of online tutorials, you do not need to be a computer whiz to use the software, and QuickBooks offers a free 60-day trial period.

Does QuickBooks Save Time?

Time is the most valuable commodity for small business owners. QuickBooks does the “number crunching”, so you can devote more time to day-to-day operations. In fact, business owners can save an average of 42 hours per month using QuickBooks.

Using QuickBooks Boosts Accuracy And Productivity

QuickBooks allows you to take advantage of real-time reporting and time management tools. You will be able to maintain up-to-date customer and employment information, generate accurate financial statements and reports, and avoid mistakes that could lead to income tax troubles. And you can easily integrate your bank and credit card accounts into QuickBooks so that transactions flow into your books without manual data entry.

What Is The Security Feature Of QuickBooks?

QuickBooks only has access to the information you allow. QuickBooks’ industry-recognized security safeguards ensure that your data is always protected, while also providing you with the convenience of managing your bookkeeping services from any location, including your mobile device.

Having An Accountant, Even If You Use QuickBooks, Is A Great Idea

There are many areas of compliance that accountants pay attention to, such as tax filings, payroll filings, and rules for depreciation and amortization. QuickBooks has built-in features to perform these functions, but the software will not detect errors or confirm that filings are complete and accurate. You need an accountant to ensure compliance. Accountants also know the right questions to ask to help guide your business and assist with financial management. As a business owner, you can’t know and see everything. Your accountant is your extra set of eyes.

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About J&S Accounting

J&S Accounting offers full-service bookkeeping, payroll, and consulting services. Our team understands that well-organized financial records help your business run more efficiently. We are a woman and minority-owned accounting practice improving the financial management of small businesses and nonprofits in Savannah, GA and nationwide.

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What others are saying about us

"...Janel has patiently worked with me to get my books organized exactly how I need to see them..."

We could not be happier with the services J&S Accounting provides our company. Janel and her team seamlessly migrated all of our companies financials to QuickBooks without any disruption to our day to day operations and they continue to support us with our bookkeeping and payroll needs. Janel has been an absolute pleasure to work with and I highly recommend them to anyone looking for help with business accounting and QuickBooks!

"Janel and her team seamlessly migrated all of our companies financials to QuickBooks..."

Janel has been a lifesaver! My husband and I have owned our small business since 2016 and I can honestly say I have never felt more confident in my books since I started working with J&S. We have multiple locations, channels of revenue and POS systems and Janel has patiently worked with me to get my books organized exactly how I need to see them, which was no easy feat! Businesses function on well built systems and our bookkeeping system needed a lot of help. Janel worked with me to rebuild, fine tune, and is assisting me in maintaining our bookkeeping system and I am forever grateful!

"We highly recommend her to anyone who needs help with bookkeeping!"

Janel has helped us navigate our bookkeeping and tax prep for several years now, and we'd be lost without her! We highly recommend her to anyone who needs help with bookkeeping!

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Disclaimer

This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business from a professional accountant. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. J&S Accounting does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. J&S Accounting does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.

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Disclaimer

This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business from a professional accountant. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. J&S Accounting does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. J&S Accounting does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.