Are you still doing manual bookkeeping? If yes it’s about time you stop it. Small business owners need an efficient system to do their bookkeeping. Using spreadsheets has a lot of disadvantages such as higher chance of making errors, difficulties in gathering all financial data, and time consuming.

 

QuickBooks Online provides you with a system that makes bookkeeping simple and easy. Here are some QuickBooks online pros and cons for small business owners.

 

Stores Data in the Cloud Securely

QuickBooks Online uses cloud technology to keep your financial data secure. You have the option to limit access to your accounting records. The data is accessible whenever and wherever your accountant needs them. You’re less likely to lose your data because they aren’t stored in hardware. Even if you lose the hardware, you can still access your financial data in the cloud.

 

Easy to Use System

One of QuickBooks Online advantages is that it is easy to use. Small business owners need simple tools that allow them to focus on their core strengths. It is convenient to move your data to the system and setup is fast too (just a few days). The user interface is intuitive and easy to navigate, even for beginners. The system provides customer support for those who have questions.

 

Plenty of Features

One of the reasons many small business owners use accounting software like QuickBooks Online is because of the many features it offers. It comes with features such as reporting, creation of financial statements, and expense tracking. You have the option to add features and upgrade your system once your company grows and its needs change.

 

Integrates with Other Tools

This system is easy to integrate with tools you already have. As a small business owner you may have specific finance tools for invoicing, accounts payable, credit cards, payments and others. QuickBooks Online makes it easier for you to integrate all these in one system. This software allows you to sync your financial data.

 

Cost-Effective Solution

Software provides your small business with an affordable solution to your bookkeeping needs. You reduce costs in buying and maintaining office equipment to store your financial records. The features it provides and easy to use interface reduces the need to train employees. You also have the option to outsource some bookkeeping tasks to reduce the workload of your staff.

 

QuickBooks Online provides your small business with an affordable way to manage, store and record your accounting books. If you need help with setting up an accounting system or are in need of small business accounting services, you can reach out to us at [email protected].