4 Helpful Reasons Why QuickBooks is Amazing for Your Small Business

Looks like tax time creeped up on us again, and you know what that means…

Time to face your business finances!  Yay!

If you haven’t been tracking your income and expenses properly, I’m going to guess this is the most miserable time of year for you, right?

We all know that the data entry for managing business finances is tedious and boring.  

Not even bookkeepers actually enjoy it.

But, it is something that needs to be done.  So, rather than bringing your CPA a shoebox full of receipts, wouldn’t it be great if you could easily track your finances yourself?  Perhaps you could even know your business’ financial health.  

You can!  And you should.

Keeping up with your small business’ income and expenses is imperative to your success.  And QuickBooks is so easy to use!

Here are four reasons why QuickBooks is amazing for your small business…

#1 QuickBooks has a Simple Interface

Don’t have an accounting degree or any background in finance?

That’s okay!

QuickBooks was designed for managing small business finances without having a background in accounting and finance.  It was designed to make your life easier.

Small business owners generally don’t have experience in bookkeeping.  They’re good at running their business, not accounting.

So QuickBooks designed a simple interface that is intuitive and easy to navigate.  That makes life easier for everyone!

#2 Simplicity meets Complexity

I just said that QuickBooks was intuitive and easy to use, right?  Well, it is, but…

It’s also great for accountants and financial pros to use for more in-depth analysis.  There are tools built into QuickBooks that make analysis much easier.

Your accountant can even make changes to your financials without affecting your everyday use.  Which is really helpful around tax time!

So even if you don’t know the ins and outs of accounting, QuickBooks is still great for both you and your accountant.  

A simple, user-friendly interface with robust accounting ability?  Yes, please!

#3 Financial Analysis made Simple

Between the ease of use and the robust financial ability, QuickBooks makes analysis easy for anyone.

Need to check your income in comparison to last year?  There’s a graph for that.

Want to know who your best customer is?  Check your Insights Screen.  

Financial analysis in QuickBooks is actually that quick and easy.  Using the Insights Screen from the Home Page and the Company Snapshot screen, you have a visual representation of your company’s financial health.  

So there’s really no reason to not keep a close eye on your business finances.  It’s easy.

New to business? Learn How to write a business plan step by step.

#4 Breaking Down the Business

So you have multiple departments in your business?  Easy.

QuickBooks has class tracking and location tracking, making it easy to separate your business.  

When you need to make decisions on which products/services to allocate resources to, it’s simple to analyze.  

Class tracking in QuickBooks is like making each portion of your business a sub-business.  You can run reports on specific areas.  You can track income and expenses of these areas.

And, most importantly, you can see which parts of your business are performing the best – and the worst – at any given time.  That makes financial decisions so much easier.

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Stephanie Yarbrough

Stephanie Yarbrough

Business Strategist

Hi! I’m Stephanie, small business strategist, business planning superhero, and owner of Portage Consulting.  I live for hiking and snow skiing ...oh, and helping small business and startups develop growth strategies and achieve financial success.

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Author
Stephanie Yarbrough

Stephanie Yarbrough

Business Strategist

Hi! I’m Stephanie, small business strategist, business planning superhero, and owner of Portage Consulting.  I live for hiking and snow skiing ...oh, and helping small business and startups develop growth strategies and achieve financial success.

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