Is QuickBooks Accounting Software Best for My Business?

If you own a small business, you’re probably wearing all the hats – hiring, training, sales, inventory control, scheduling, marketing – and one of the most important hats you’re wearing is that of accountant and bookkeeper. After all, you need to ensure accurate financial records in order to know where your money is going, the financial state of your business, and to ensure accurate tax preparation. While Quickbooks Accounting software is the most commonly used software program, is it right for your business? Our accountants in Raleigh are taking a closer look to help you determine if it’s the right option for you, and if so, how you can get the most out of it to save you time and ensure accurate financial records.

Choosing the Right Accounting Software

The first challenge is finding the right bookkeeping and accounting software solution for you and your business. You’ll want to ask yourself these questions:

• What is my budget for the software I’m choosing?
• Should I choose a beginner-friendly software or something more advanced?
• Can the software scale up as my business grows?
• Are there add-ons available that let me streamline my business as needed (like to accept payments online or do payroll easily)?
• Do I need a cloud-based program so I can access my accounting data and track sales, send invoices, and perform other actions from home or the office?

In today’s world there is an abundance of excellent bookkeeping and accounting software available. 

Choosing Quickbooks Accounting Software

Our accounting firm recommends Intuit Quickbooks accounting software because it’s incredibly versatile, there are a variety of versions available, and it can scale with your business, whether you want to start with QuickBooks Desktop Pro, Premier, or Enterprise.

For online use, you can choose QuickBooks Online as a monthly subscription. A subscription to Quickbooks Online provides the same accounting features but also offers a cloud solution for anytime and anywhere access, and there are plans that allow for different users and features, so you can choose the right package for your needs and upgrade as your business grows.   QuickBooks Pro hosted on the cloud through a web application. Cloud-hosted QuickBooks allows you to work from a web-based application and have multiple users accessing files at the same time.

QuickBooks Features

All versions of QuickBooks Software allow you to:

• Track income and expenses
• Invoice customers and manage accounts receivable
• Pay bills and manage accounts payable,
• Track time, inventory, and sales tax
• Run a wide range of reports,
• Track 1099 contractors, job costs and more. 

Getting QuickBooks Training

Once you invest in your accounting software, you want to make sure you know how to use it properly so you can maximize its use to save time and keep the most accurate records. After purchasing or subscribing, QuickBooks training from an experienced accounting professional, specifically a QuickBooks Certified Pro-Advisor, will ensure that you are confident and comfortable in using your software.

Benefits of a QuickBooks Certified Pro-Advisor

Working with certified, trusted advisor is about more than just learning how to use software, you’ll also get the following benefits:

• Assistance in selecting the right software version for your unique business needs
• Setting up your business and getting ongoing support
• QuickBooks training for you and your employees

Outsourcing Your QuickBooks Accounting and Bookkeeping

If you prefer not to handle the bookkeeping aspect of your business in-house, accounting agencies, like Steward Ingram & Cooper, can be a trusted partner in your financial well being. By turning over your accounting and bookkeeping, you can feel confident that your records are accurate and up-to-date, your tax information is prepared correctly, and any other financial tasks, such as payroll, are completed. You can spend more time focusing on running your business and growth, and less time balancing the books.

Contact Us for QuickBooks Accounting Support in Raleigh

When you need a trusted partner to assist you with your business accounting and bookkeeping in Raleigh, reach out to our team of financial professionals at Steward Ingram & Cooper PLLC. We are proud to be a QuickBooks Certified Pro-Advisor and will use our knowledge and experience to help your small business succeed. We are also happy to assist you with your bookkeeping, tax planning, financial statements, and much more. Contact us today at 919-872-0866 to schedule an appointment for a consultation.