Running a small or medium-sized enterprise means wearing a lot of hats – from sales and operations to payroll and tax prep – it can be a lot to manage all on your own. But when it comes to bookkeeping, there’s one tool that can help you streamline it all: QuickBooks.
QuickBooks is more than accounting software – it’s a time-saver, money-saver, and stress-reliever for small and medium-sized enterprises (SME) or business owners. We’ve curated a list of 10 practical QuickBooks tips for small and medium-sized enterprises that will help you stay organized and focused on growth.
Let’s dive in!
1. Simplify Paying Bills
QuickBooks lets you schedule and pay bills directly from the platform. No more digging through spreadsheets or juggling due dates – everything is centralized, helping you avoid late fees and save valuable time.
2. Track Payments to 1099 Contractors
If your business works with freelancers or independent contractors, QuickBooks makes it easy to track payments throughout the year – making tax season much less stressful.
3. Create Estimates Before Invoicing
Need to send a quote to a client? QuickBooks allows you to create professional estimates and quickly convert them to invoices once approved, saving you time and eliminating manual entry errors.
4. Email Invoices Directly to Customers
Speed up your invoicing process by sending invoices directly through QuickBooks. Clients receive them instantly, which can help reduce turnaround time for payments and keep everything running smoothly and consistently.
5. Accept Payments Faster with Intuit Merchant Services
Cash flow is king for small businesses. Integrating QuickBooks with Intuit’s payment services allows customers to pay online with one click – meaning you get paid faster.
6. Track Inventory from Shelf to Shipment
If you sell physical products, QuickBooks helps track your inventory levels, alerts you when it’s time to reorder, and keeps everything organized from stock to sales.
7. Process Payroll Easily
QuickBooks makes payroll simple by calculating wages, taxes, and deductions in just a few clicks – saving hours every pay period.
8. Keep Your Income & Expenses Organized
Say goodbye to overflowing receipts and scattered spreadsheets. QuickBooks automatically categorizes income and expenses, giving you a clear financial picture at any time.
9. Control User Roles & Permissions
Worried about sensitive financial data? QuickBooks lets you assign specific user roles and permissions so employees see only what they need to.
10. Maximize Tax Deductions & See the Big Picture
QuickBooks keeps track of deductible expenses year-round, so you’re all ready for tax time. Plus, its real-time dashboards help you monitor profits, losses, and growth trends, to keep you aware of how your business is running.
Ready to Save Time & Money?
QuickBooks can transform how you manage your business finances – but only if you know how to use it effectively. That’s where we come in.
At Accounting by Sal, we offer personalized QuickBooks training designed to help small and medium-sized business owners become masters of their books, improve overall efficiency, and stay tax-ready all year long.
Ready to get started?
Contact us today and let’s make QuickBooks work for you – not the other way around.
