QuickBooks Is Perfect For Remote Work
As a result of the Lock-down in 2020, many industries, including financial services, are undergoing massive changes. The focus on executing virtual strategies and remote consulting has transformed the landscape of accounting possibly forever.
That being said, there is a software tool that streamlines accounting processes and facilitates the transition to more permanently remote operations and that is QuickBooks.
QuickBooks is considered one of the most powerful accounting software for businesses across industries. Saving money, time and effort it introduces features that help track and report company finances.
Here are 9 Reasons why QuickBooks Hosting is Right for Your Business
1. Saving Time
Save time on bookkeeping and paperwork because many of simple bookkeeping tasks are handled automatically making it easier to run your business.
Bookkeeping paperwork has always been a hassle but with the emergence of remote advising, filing, sending and managing the appropriate documentation is more difficult and time consuming. QuickBooks automates simple bookkeeping tasks that would otherwise make running your business remotely more challenging.
2. Reports and Data are Easy to Access
Generate reports with the information you need, so you always know where your business stands. You instantly know whether you’re making money and whether your business is healthy.
You can generate reports that would require gathering resources and information not readily on hand. QuickBooks software contains assets that let you know where your business is in terms of finance. You’ll find information that tells you how much money your business is making and organize your financial strategy.
3. Cost Efficiency
Remote working could be seen as an opportunity to cut costs, or at the very least, reallocate resources. QuickBooks is an affordable application that runs at scale. Whether it’s a $6 million or a $46 million business, you can use this tool for a few hundred dollars. Achieving the most for the least.
4. Promotes Business Growth while Staying Complaint
Growth Is imperative and working remotely doesn’t change that. QuickBooks gives you the right tools and data to use when designing a business plan. Maybe you want to secure a small loan or open a credit line for your small business. You’re able to create a balance sheet, statements of profits and losses, and cash flow charts, all of which follow theU.S. Small Business Administration’s compliance guidelines.
5. Customization and Scalability
As I alluded to above, QuickBooks is designed for scalability. The tool is flexible enough to work for a large variety of small businesses across multiple industries. Furthermore, it has custom accounting packages for CPA’s, Health Care professionals, Retailers and more.
6. Broad Range of Tools for Almost Every Business
QuickBooks is expanding their services and plans to get to over ten million users by the decades end. There are currently 2.55 million subscribers to QuickBooks. Those are 2.55 million customers that leverage the tools and features QuickBooks offers to improve their businesses.
7. Automated Backups
QuickBooks hosted solutions has an automated backup service. This keeps important financial data safe. Partnered with the right cloud provider, data is guaranteed to stay secure and accessible.
8. Invoicing is Easier
Working remotely forces you to work with the digital tools you have in hand. When processing payments through QuickBooks, all that’s required is a simple email transaction. E-mail a statement or invoice, you’re able to process payments with credit card or bank account transfers digitally and in one central hub.
9. No additional hardware or Software Needed
Remote work is requiring businesses to restructure how they accept payment. Your clients will have to complete transactions digitally rather than in person and QuickBooks Merchant Account Services integrates with software to retain client data. In other words, returning clients won’t have to input the same information more than once. Card Scanning machines, or payment squares ineffective in a remote setting. QuickBooks allows for remote operations to continue without issue.
I.T. Doesn’t Stop There…
QuickBooks is an invaluable resource for a business looking to thrive in a remote environment. If you want a solution that protects your business infrastructure and Computer devices, I recommend looking for a Managed services provider that has QuickBooks integration. Nerds Support is a QuickBooks hosting partner and includes QuickBooks with all its other IT services and cyber-protection software.
Finding a managed IT provider that comes with QuickBooks hosting will save your business even more money. Instead of having QuickBooks separate from your IT and cyber security needs, you’ll have everything set up in one place. And with the amount of phishing and cyber attacks targeting remote businesses it’s a good idea to focus on your IT infrastructure as well.