As a business owner, you know how important it is to maintain cash flow, have clean and compliant books, and track staff commitment and performance. Having a team of experts to find you powerful solutions to these everyday needs – and allow you to focus your time on running and growing your business – is the key to long-term success.
At SBS Accounting & Advisors, this is exactly our mission and purpose – to deliver you top-notch solutions and services to take you to the next level and make your lives easier.
Helping us do so is Intuit’s consistent commitment to rolling out exciting new features to help your business thrive. When you combine these enhancements with our knowledge and expertise at SBS, you get a winning combination that ensures you reach your goals and realize your untapped potential.
The latest trilogy of QuickBooks Online (QBO) features helps you get paid on time, keep your books tidy, and tap into transparent timesheets to track your team and their progress.
Here is more on those three features, which our SBS team can implement into your business to take you to the next level.
Feature #1: Chart of Accounts: Clean Books, Compliance and Customized Control
Is your chart of accounts set up for your business or the IRS? So many times, people set up their bookkeeping around compliance with the IRS, but their chart of accounts aren’t laid out from a management perspective.
At SBS, we can help you structure your chart of accounts/reports, so that the numbers make sense for your particular business.
One tool that helps us in this endeavor is the new, customized chart of accounts for sole proprietors, packed inside QBO. This exciting enhancement lets you take control of your chart of accounts and enjoy cleaner books, thanks to an improved search tool that lets you find anything at your fingertips, as well as the ability to place accounts within specific buckets to help you store and find important information more easily.
Feature #2: Get Paid on Time With Invoice Automation
Chasing down clients for payments is not only stressful, but also could strain your relationships. At the same time, you have to get paid on time to keep your business afloat and growing.
The solution to this problem? Invoice automation!
Inside QuickBooks Payments, you can now automate the entire invoicing process to make sure your customers pay on time through autopay and payment scheduling. So, whether it’s a recurring invoice or one-time payment, you’re covered with this seamless and automatic feature.
To get a better picture of what this looks like, check out this image:
Feature # 3: Transparent Timesheets to Track Your Team and Their Performance
As a small business owner, I learned long ago that I can’t succeed without a strong team who shows up and has my clients’ best interests at heart. Building trust takes time, but having the systems and processes in place to track your team’s hours and performance goes a long way.
Enter time tracking inside QBO. The latest in time tracking provides one place for you to look over, and make any changes to, your team’s timesheet data. While your team enters their time right into QBO, you get to oversee it to keep track of your team and their progress. In doing so, you will feel confident when it comes time to handle payroll and invoicing.
For a glimpse of what it looks like, check out the photo below:
Ready to Tap into These Powerful Solutions or Have any Questions? Let us Know!
I have no doubt that each of these three features can help your business. At the same time, each business has specific needs that our SBS team will strive to fulfill for you.
If you’re ready to start adding these features to your business, or just have some questions, contact us today. We would love to hear from you, and we will keep striving to take your business to the next level through powerful solutions and strategies.
(Images courtesy of Intuit QuickBooks)