A Trio of QuickBooks Online Features to Bolster Your Business

A Trio of QuickBooks Online Features to Bolster Your Business

Posted on March 18, 2021 by

For any business owner, getting the right tools and support you need is key to keeping things running smoothly, staying in compliance and planning for long-term growth.

With Intuit constantly coming up with new and improved features inside QuickBooks Online (QBO) to meet the needs of small businesses – along with our knowledge and expertise at SBS Accounting & Advisors to implement, and strategize around, these features – you will get transformational solutions to your everyday needs.

The latest trio of QBO enhancements helps you take control of your cash flow to survive and grow, process those previously pesky receipts in a snap, and sure-up one payroll area to keep you in compliance.

Here is more about these features, which SBS can integrate into your business to take you to the next level.

Feature #1: Take Control of Your Cash Flow in the Cash Flow Center

By now, you’ve probably heard me discuss the importance of cash flow. It’s so important that we have made it the backbone of our new advisory services division, with cash flow management being one of the top tools.

Why is it so important? Simply put, you cannot survive or grow without it. You need cash flow coming in to both stabilize your business and strategize for success – something we specialize in helping you with at SBS.

The recent improvements in QBO’s cash flow center help us in this mission. Now, you’ll have one place to see your complete cash flow picture – money owed, loans, all your invoices to pay or collect, your past due or upcoming bills, payroll situation, and more. All of this will give you get better control of your cash flow situation, and help us help you.

Feature #2: Receipt Capture … in a Snap!

The days of fumbling through your glove compartment or file drawer for those pesky receipts are long gone. With the proper technology, it’s all digital and seamless.

Enter the QuickBooks mobile app. As business owners, you’re on the go a lot, not to mention all of your other tasks in life. Now, you can easily organize your receipts in a snap by taking a photo of all your receipts in real time from anywhere. This makes capturing and matching receipts a breeze come tax time!

Feature #3: Stay in Compliance and on Top of Payroll With Automated Overtime Tips

You know how important it is to meet the rules and regulations regarding payroll. On top of that, it’s common to make messy payroll mistakes.

Thanks to automated overtime recommendations inside QBO Payroll, you’ll stay in compliance and get notified of potential errors you made when entering overtime information.

For example, it’s a common mistake to enter the wrong number of overtime hours worked when running payroll. With this tool, you can be confident that the hours worked by your team are accurately categorized and in compliance with the rules and regulations of federal and/or state laws.

Ready to Put These Features into Your Business or Have any Questions? Let us Know!

I hope that some, or all, of these new or improved features resonate with you in some way, as we know how much of an impact they can have on your business.

If you’re ready to implement them into your business, or have any questions, contact us today. We would love to hear from you, and we will keep striving to bolster your business through powerful solutions and strategies.

(Images courtesy of Intuit QuickBooks)

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