Hello there! And happy Tuesday! I hope you are gearing up to get over the hump tomorrow. It’s your favorite Money Motivator – Growth Instigator, Erica Fields bringing you the keys to your financial house!! I hope you are enjoying this day and are receiving all the fruits of your labor.
Today’s topic is about online bookkeeping solutions for Small Businesses. If you run a small business and bookkeeping isn't your thing, there is no reason to panic. Even if you can't afford to hire a bookkeeper or solution provider, you can find an affordable solution for your small business bookkeeping needs. There are many software solutions capable of doing the job for you. And some options even have free trial periods. Taking advantage of them is a wonderful way to find out if a program is for you.
When it comes to bookkeeping solutions, QuickBooks Online is one of the most well-known options. It's also one of the most popular and easiest solutions to implement. It's advertised as the "anytime, anywhere" solution and some of the features include custom invoices, tax and payroll calculations, digital receipts, real-time bank data, device syncing (great for bookkeeping on-the-go) and more. QuickBooks offers a free trial and then a low monthly fee.
When you implement QuickBooks Online as your system, and your business grows, you can easily invite your bookkeeper to perform tasks such as reviews, reporting and other analytics. The software provides an easy user access tool that allows users to join efforts to complete tasks for your business needs. In the beginning, you may choose to complete the simpler, daily tasks of cash applications, billing and paying bills. But at month-end and other important milestones, you will want a professional to login to provide you with more analytical tasks such as reconciliations, reporting and corrections to your ledger.