Why We Recommend QuickBooks for Small Business Owners

Why small business owners should use QuickBooks

Not using QuickBooks? You should be! QuickBooks is essential for small business owners. Here’s why we recommend that all small business owners use QuickBooks today.

It Helps With Sales Management

Cannot afford to hire a huge sales team? QuickBooks helps small businesses to efficiently monitor their sales. Whether you are starting or growing your company, you need to keep track of customer sales to track your income and expenses. With QuickBooks, you can see who owes you (your accounts receivable) and review sales reports that will help your business to keep track of your invoices without having to hire a big sales team. 

QuickBooks Tracks Business Expenses

Are your expenses exceeding your income? As a small business owner, you need to carefully keep track of your expenses to ensure you don’t land in debt. QuickBooks automatically does this by keeping track of your bills and expenses. You can also record transactions that you make to QuickBooks. It will not only help you to eliminate unnecessary expenses but it can also pay your bills in time for you.

You Can Gain Insights Into Your Business Performance

When you use QuickBooks to manage your income and expense, you get access to valuable financial reports. These reports are automatically updated as your business progresses. The info can help you to gain potential investors or even a line of credit for your small business which will help it to grow.

How To Begin Your QuickBooks Journey

Now that you know some of the benefits you can receive from QuickBooks, it’s time to get started. If you have staff on hand who already know how to navigate through QuickBooks, great. If you don’t, you may want to consider hiring a QuickBooks advisor such as the professionals from Georgen Scarborough who can train your staff and provide you with tips to take your small business to the next level.

For help with using QuickBooks, be sure to contact our team today!

5 Ways Your Non-Profit Can Save Money

Tax preparation for non-profit businesses

Is your non-profit organization experiencing cash-flow problems? Tax preparation is one way you can save money. Find out other ways to save money here.

  • Reuse and recycle material

Some non-profits require materials daily. These include t-shirts and posters for fundraising events. Although necessary, creating new material all the time can add up to costs in the long run. Save money by reusing and recycling material where possible. Ask staff to reuse dry clean t-shirts, table cloths, and covers and reuse posters where possible to save cash.

  • Recruit volunteers

Volunteers are a great option when you’re short-staffed. A lot of people want to help out non-profits that mean something to them and will be happy to do so without a paycheck. Make sure you provide them with reasons to join your non-profit, such as showing them how they will be helping others. You can also offer unpaid internships to younger members and provide them with a letter of completion at the end of the year to help them enter the workforce.

  • Try to go paperless

The cost of ink, paper, and even pens can start to add up. Apart from saving the environment, going paperless will reduce a lot of costs. Try investing in digital solutions and filing systems such as QuickBooks which make sorting documents easier and will save you money in the long term. Quickbooks is easy to learn but if you need a QuickBooks advisor, Georgen Scarborough can help out.

Did you know you can save money by hiring a professional such as an accountant to handle your taxes? It may seem tempting to do it yourself but an accountant can find you tax breaks you didn’t even know you had with a non-profit organization. Apart from that, they can also help you to reduce unnecessary expenses and provide you with tax advice.

Georgen Scarborough has professional tax accountants who can help you with your taxes, accounting, and finance. 

Give us a call today for tax preparation for your non-profit organization!