Are You Utilizing The Full Potential Of Your Small Business Accounting Software?

Most small business owners start with an Excel sheet to maintain their accounts. And when the business grows, they are bogged down by the mammoth task of tracking expenses and income, invoices, purchase orders, bills, balance sheets, taxes, bank accounts, and more, until the system explodes because of lack of time-saving features.

Having a small business accounting software right from day one makes sense. If you own a small business and haven’t implemented an accounting tool till now, it’s time you get one ASAP.  Are you worried that it would be complicated to handle and you would need a full-time bookkeeper just to make sense of the tool? Here’s an eye opener. Today’s online small business accounting software are as simple as they can get. No accounting experience is required to handle them. A popular tool like QuickBooks (which is free to begin with) offers a simple, online guided tour to set up quickly, and then familiar forms for checks, invoices and more. You can begin working immediately.

Some of the time and money saving features of QuickBooks Online are:

Track sales and expenses: Stay organized and in control of your business. With QuickBooks Online, all your financial information is in one place, making it easy to stay on top of your business — no more digging through piles of paper. And, you’ll be ready for tax time with complete and accurate records.

Easily create and manage invoices: Project the professional image you want. Creating and customizing professional-looking invoices is so easy that you can have your first one in a client’s hands in minutes. And, QuickBooks Online lets you keep track of who owes you money and whether or not you’ve been paid.

Create and send purchase orders: For fast and accurate billing, create and print or email purchase orders right from your QuickBooks Online account — enjoy a streamlined, automatic tracking system for your business purchases.

Work from the office, home, or the road and work with colleagues at different locations: With QuickBooks Online, you have the freedom to work where and when you want — you’re not bound to a single physical location. You get anytime, anywhere access from any Internet-connected PC or Mac. QuickBooks Online makes it effortless to connect with other users whether it’s your accountant or a partner in another state.

Get your company snapshot: See your company’s “big picture” in easy-to-understand charts, graphs and overviews. Your Company Snapshot will tell you, every day, what you’re making, what you’re spending, how you’re doing vs. last year and more. It’s all organized on one screen for easy review.

Customer data at-a-glance: Customer Center keeps your information in one place, bringing you one-screen access to your estimates, invoices—even contact information—customer-by-customer. Instantly, you’ll see how much you’ve estimated and/or billed, how much they’ve paid and how much they owe you.

All the above features along with no management and software hassle, complete data security, integration with mobile devices, and a lot more at just about USD 10 per month. Try it and decide for yourself.

Information in this article has been taken from:

About the Author

Dave Otfinoski, CEO of My Business Assistant or “MBA”, has more than twenty-five years of executive, hands-on experience with small and mid-sized businesses. As CEO of MBA, Dave manages a team of experienced virtual assistants who have extensive expertise in the realms of small business operations, bookkeeping services, website design, SEO, content creation and call center operations. Outstanding client service and quality performance are the hallmarks of both My Business Assistant and the MBA team. We look forward to providing you with the Virtual Assistance that you may require to enhance your own business strategies. Please feel free to contact us at or call us at 800.993.9622 with any questions or inquiries that you may have.