These are just a few benefits of QuickBooks and how the software can help and improve your cash flow processes. Always keeping you informed of your business performance. The three primary financial statements in QuickBooks can be done with just a few clicks: Profit and Loss Report, Balance Sheet Report, and Statement of Cash Flows. Managing your cash in and cash out activities in QuickBooks allows you to produce relevant financial statements that provide useful information about how your business is operating. Automatically set up the memorized transaction and deduct the recurring amount each month from your checking account. A good example of a memorized transaction is a monthly rent payment.
Boost your efficiency and have certain items entered automatically into QuickBooks using the memorized transaction feature. Keep your vendors and suppliers happy through the enter bills and pay bills QuickBooks functions. Save time and easily keep track of your bills and avoid falling behind and creating the headache of outstanding bills and late fees. A ll your expenses are downloaded and categorized. QuickBooks keeps track of your bills and expenses automatically by connecting your bank and credit card accounts to QuickBooks. The invoices are saved in your Gmail account and in QuickBooks. QuickBooks also has an app available for Gmail users that allows you to create and send invoices directly from your Gmail account. All within the one program, how easy is that? It also tracks the invoices and even provides the capability to accept online payments. Electronic invoicing gives the user the ability to create and email invoices to customers through the Quickbooks system. Let’s explore some of the key features of QuickBooks in more detail, keep reading! QuickBooks is a popular small business accounting software that businesses use to manage income and expenses and to keep track of the financial health of a business. How are Small Businesses Using Quickbooks?Įvery small business is unique and deals with numerous customers and handles multiple transactions every day. How are Small Businesses Using Quickbooks?.Table of Contents on RedmondAccounting Inc.