3 Small Business Accounting Tips You Should Know
Do you own a small business? If so, you know that there is always something more you can do to improve how you run your business.
You might update a product or service; maybe you found a better way to be more productive; it can even be as simple as finding the most cost-effective way to print something.
Today, because you’re reading this article, you’ll learn some helpful small business accounting tips that can help you grow your business, reduce errors, and improve your accounting processes immensely.
Learn To Use QuickBooks Effectively
99% of small businesses most likely use a form of accounting technology and online software like QuickBooks Online, but they aren’t using it to the platform’s full potential.
You may already have QuickBooks Online software to help you keep track of your bookkeeping, but are you using it as effectively as possible?
There are so many features to QBO that it can seem overwhelming at first, but there are ways to learn how to use it to your advantage. Here at Redmond Accounting, we can teach you how to use platforms and other accounting software in the most efficient and effective way possible.
You’ll love the amount of time and money you save each month automating and streamlining these processes.
Accounting Platform Integrations Are Your Friend
Because QuickBooks isn’t made to do EVERYTHING (yet), it allows you to integrate other accounting platforms for a seamless transition.
A few examples of the platforms you can integrate with QuickBooks are:
- Gusto – Payroll Services
- Bill.com – Accounts Payable and Receivable
- Expensify – Business Expense Tracking
These platforms integrate with QuickBooks to create a powerful accounting platform that does just about everything you need from your desktop, laptop, tablet, or smartphone. Cloud-based platforms allow you to access your information anytime and anywhere in the world. It’s revolutionized the way accounting is done.
Pro Tip: Check out our article, How Accounting Technology Can Benefit Your Business, for more insight and information.
Partner With A Virtual Accounting Professional
“Why would I need an accountant or bookkeeper if all of my accounting tasks are handled on these platforms?”
That’s a great question and one that we are happy to answer you.
Once your business starts growing, accounting tasks like bookkeeping, accounting, and more can fall to the wayside, only to leave you in a panic at the end of the month, quarter, or year. Likewise, payroll errors can have you combing through weeks of clock-ins and outs, taxes, and other information regarding your payroll process.
Virtual accounting professionals – like us – make it easy. We are right on the other side of the screen, ready to take on some or all of your accounting tasks off your hands!
We are the experts in our industry, and you are the expert in yours. Wouldn’t you love to spend more time growing your business instead of checking accounts receivable, invoices, expense reports, and payroll? We are pretty sure we know the answer to that.
Virtual Accounting professionals aren’t paid like full-time employees. You pay for us based on your needs. As your business grows, we can add more services and partners like a CFO and Controller.
That’s the best part of the virtual accounting business – we provide exactly what you need when you need it.
Want To Learn More Small Business Accounting Tips? Connect With Redmond Accounting
Here at Redmond Accounting, we do more than just provide our clients with accounting services; we can teach you the best ways to run your business through effective and efficient accounting. We offer also offer software support, software setups, and more to help you maximize your online accounting software.
We are 100% virtual which means we can work with anyone across the nation, from a bakery in Massachusetts to a convenience store in Alaska, all the way to a surf shop in Hawaii.
Wherever your business is, we can be there to help it grow.
To learn more small business accounting tips and how we can help save time, reduce error, avoid fraud and run a more effective accounting process, schedule a consultation today!
