January 2021: Aiming To Help Small Businesses Better Manage Their Books, Quickbooks Live
January 2021: Aiming To Help Small Businesses Better Manage Their Books, Quickbooks Live
January 2021: Aiming To Help Small Businesses Better Manage Their Books, Quickbooks Live
to buy. Choosing the right one is important, because you'll use it every day to track the money
coming in and going out of your business. With it, you'll create invoices, record incoming and
outgoing payments, identify and follow up on past due receivables, and run reports that help you
analyze your financial health and various aspects of your business.
With hundreds of accounting software programs on the market, it's difficult to decide which one to
choose. In our search for the top accounting software solutions, we looked for affordable, easy-to-
use accounting programs designed for small businesses. We wanted them to be cloud-based and
have a mobile app so you can access your data at any time, from any place.
We looked for accounting systems that have timesaving features, such as automated bank feeds,
automatic payment reminders, and online invoicing and payment acceptance. We also looked for
software with comprehensive, customizable, real-time financial reporting, as it is crucial to
monitoring and understanding your business finances.
Here are our best picks and details about our selection process. Learn more about what you
should look for in accounting software by reading our accounting software buyer's guide.
What can't QuickBooks do? The extremely popular accounting software application is used by
small businesses across the country. Accountants are quick to praise the software solution: It's
affordable, usable and effective. It's hard to find many flaws with QuickBooks, especially
considering the needs of small businesses today.
January 2021: Aiming to help small businesses better manage their books, QuickBooks Live
launched Cleanup in late December 2020. The new feature enables customers to reconcile
historical accounts and categorize historical transactions. The service, which you pay for per
usage, is being offered first to QuickBooks Online customers who have files that are more than 60
days old, who aren't working with an accountant or ProAdvisor through QuickBooks Online, and
who aren't signed up for Live Bookkeeping.
QuickBooks Online from Intuit is one of the most popular small business accounting solutions on
the market – and our pick as the best overall business accounting software program. It's easy to
use and loaded with features, including several that save you time. The company estimates that,
on average, it saves its users 40 hours each month on accounting tasks. It can be used by nearly
every type of business and has plans for businesses of all sizes, from self-employed individuals
and small businesses with basic accounting needs to established businesses that need advanced
features such as time, project and inventory tracking.
In addition to its great features, QuickBooks is used throughout the nation. This means
accountants across the U.S. are familiar with the platform. When it comes to learning the program
or needing accounting help, you can reach out to any accountant nationwide and they'll have
some idea of what you're talking about. That can't be said for other small business accounting
software solutions. If you're looking to outsource some accounting tasks or bring on a new
accountant, it's hard to go wrong with having them use QuickBooks as your business's primary
accounting software solution.