Our top 5 reasons to use this software for your small business in Raleigh, NC
QuickBooks is the most popular small business accounting software businesses use to manage income and expenses and keep track of the financial health of their business. You can use it for invoicing customers, paying bills, generating reports, and preparing taxes.
At Oak City Accounting, based in North Raleigh, we receive many inquiries each week from small businesses looking for help with cleaning up their books, tips on how to best code invoices and how to best plan for withholding taxes while doing business in many different states across the United States. Our QuickBooks ProAdvisors can help with every aspect of QuickBooks – determining the best version of QuickBooks for you, customizing and setting up your company file, setting up payroll, and more. We are a small business and love to help other small businesses grow.
Our Top 5 Reasons For Using QuickBooks:
1. Creating Invoices
You can create invoices easily and either print them or email them to customers. QuickBooks will record the income and track how much each customer owes you automatically. You can view the number of your outstanding invoices—known as your accounts receivable (A/R)—as well as how many days they’re overdue by running an A/R aging report.
2. Tracking Bills & Expenses
QuickBooks keeps track of your bills and expenses automatically by connecting your bank & credit card accounts to QuickBooks so that all of your expenses are downloaded and categorized. You can also enter bills into QuickBooks when you receive them so that QuickBooks can help you track upcoming payments—or A/P. You can ensure that you pay your bills on time by creating an A/P report.
3. Printing Financial Statements
You can produce these three primary financial statements in QuickBooks with a few clicks:
- Profit and Loss report
- Balance Sheet report
- Statement of Cash Flows
4. Simplify Taxes
By far, the largest headache in preparing a tax return is compiling your income and expenses. If you use QuickBooks during the year, all you need to do at tax time is print your financial statements. With QuickBooks Online, you can invite your tax preparer/CPA to access your account directly so that they can review your numbers and print whatever information they need to prepare your return.
5. Payroll
QuickBooks has its own payroll function that can automatically calculate and run payroll as often as you need. QuickBooks Payroll is a subscription service but it can save your small business time and money over the long run. QuickBooks Payroll is integrated with QuickBooks so that your financial statements are always up to date as of the latest payroll run.
Running your payroll through QuickBooks will allow you to:
- Pay employees with a check or direct deposit
- Calculate federal and state payroll taxes automatically
- Have QuickBooks fill in the payroll tax forms for you
- E-pay your payroll taxes directly from QuickBooks
Our Team at Oak City Accounting is here to help!
We are conveniently located in North Raleigh, just north of 540 on Falls of Neuse.
Helping small businesses from start to finish including bookkeeping, tax preparation and tax planning
