5 QuickBooks Features Your Small Business Is Missing

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It's no secret that QuickBooks is incredibly popular . Unfortunately, many users view it as a fancy version of Excel, simply entering all the details and ignoring all the features that make QuickBooks a powerful tool for their business.

But that's not you. You're interested in turning this little gem into a bigger business, more on-time payments, and less hassle from your accountant.

Buckle up and read on for five great features of this accounting software that most users overlook.

Invoicing
There's nothing more important than getting paid. The difference how does cash app work between opening your business tomorrow and selling the family silver comes down to cash in the bank. QuickBooks' primary function is to track the money you earn so you can make better decisions, but its secondary purpose is to help you get that money.

Creating an invoice in QuickBooks is pretty easy, so let's talk about why it's a great feature. The best thing about invoices in QuickBooks is the ability to easily get paid. In addition to printing an invoice, QuickBooks can connect to Intuit's payment system, allowing your customers to pay you directly.

quickbooks functions

With QuickBooks, you can email invoices to customers, who can then pay them online. QuickBooks automatically updates when a payment is made, taking one more thing off your plate. There are a number of fees for different payment types and plans, but they are within the industry average.

Payroll
Unfortunately, once you get some money, you usually end up turning around and giving it away. The good news is that your hard-working employees will never be underpaid, and QuickBooks can help you do that. QuickBooks Payroll, which costs an additional monthly fee, can handle the entire payroll process.

At the lower level, you’ll need to manage payroll taxes and any data transfers you may have from a previous payroll app. For $79 per month plus $2 per employee, QuickBooks takes care of everything. Sure, it’s an expensive option, but for a small business, about $100 per month may be worth the peace of mind. The entry-level payroll option is $31.50 per month plus $1.50 per employee.

Track mobile expenses
Many of the purchases you end up writing off for taxes are small items. Travel expenses, dinner for a client, a box of pens, or an SD card for your digital camera. Many of these small purchases are made while you're away from the office.

quickbooks functions

QuickBooks works with your mobile camera to instantly capture receipt information. You can then tag those receipts and send them to your phone. QuickBooks syncs all your data, and you're ready to go before you even get back in the car.

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