QuickBooks is one of the digital building blocks for small businesses across America. With millions of users, ranging from solopreneurs to enterprises with hundreds of locations, QuickBooks for small businesses is one of the most popular financial programs of all time.
While it’s designed to be more accessible and user-friendly than software made for accounting professionals, QuickBooks is still a large and complex program that is prone to accidental misuse. Setup alone often requires professional help, as improper setup creates costly and time-consuming accounting and tax snags down the road.
Here’s why small business owners need professional QuickBooks support from QuickBooks Pro Advisors, such as Accounting Freedom’s CPAs.
Why QuickBooks is Essential for Small Businesses
QuickBooks is one of the most popular accounting solutions for small businesses due to its accessibility and universality. Here are the key features that make QuickBooks stand out:
- Scalability: QuickBooks can scale at every stage of growth, from solopreneurs and freelancers to established companies looking to grow into enterprises. It can be tailored to just one user or multiple seats.
- Integration: Thousands of apps, programs, and financial institutions offer integration with QuickBooks to simplify recordkeeping, saving valuable time over manually inputting transactions.
- Dedicated Support: Intuit offers dedicated support to its QuickBooks product line. Additionally, CPAs such as Accounting Freedom often obtain the designation of QuickBooks Pro Advisor, an accounting professional who has rigorously learned how the program works. They can effectively guide their clients by combining both accounting knowledge and technical expertise.
- Payroll: QuickBooks’ payroll functions integrate with various payroll providers and individual accountants. The payroll features can be tailored to your specific needs based on headcount, turnover, and the mix of employees and contractors.
- Invoicing: QuickBooks invoicing solutions simplify bookkeeping while enabling small business owners to receive payment through Intuit’s native apps, making QuickBooks invoices payable on receipt without needing to widen the paper trail from other payment providers.
Common QuickBooks Challenges and How to Avoid Them
While QuickBooks is so popular for all the reasons outlined above, it is also prone to challenges in setup and ongoing use. Here are some of the most common problems faced by small businesses when using QuickBooks:
- Improper Setup: QuickBooks setup can be difficult to navigate without an accounting background. While QuickBooks offers presets based on your industry, they are not one-size-fits-all. Your operations may require a completely customized chart of accounts upon setup. If this “mainframe” doesn’t properly fit your business, it can lead to confusion and costly accounting issues down the road.
- Integration Issues: Though integration is one of the biggest draws to QuickBooks, issues can arise. For example, a bank account that doesn’t sync properly may necessitate manual transaction entry, which defeats the purpose of using QuickBooks to streamline recordkeeping.
- Incorrect Account Usage: Without accounting knowledge, many users mistakenly enter transactions in the wrong accounts. One of the most common errors is booking revenue into Cash accounts when the funds haven’t been received.
- Mixing Personal and Business Expenses: This is a frequent issue with QuickBooks Self-Employed users, especially solopreneurs. If personal and business transactions aren’t separated correctly, it can lead to inaccurate financial records.
These mistakes can lead to significant financial problems, including:
- Ineligibility for financing
- Tax issues
- Disruption to operations
- High accounting fees to fix the errors
How Professional QuickBooks Support Solves These Challenges
Why should small business owners opt for professional QuickBooks support? Here are the key benefits:
- Accurate Setup: A QuickBooks Pro Advisor, like one of Accounting Freedom’s CPAs, will ensure that your QuickBooks file is set up correctly from the start, completely customized to your business needs. This eliminates one of the most common and costly headaches faced by QuickBooks users.
- QuickBooks Troubleshooting: Even experienced QuickBooks users can encounter issues, especially after product updates. Professional QuickBooks support offers dedicated troubleshooting for those unexpected quirks in the program.
- Ongoing Support and Management: As your business grows, so do your accounting needs. A dedicated QuickBooks Pro Advisor provides ongoing support, ensuring your QuickBooks system evolves along with your business.
- Maximize QuickBooks Features: QuickBooks is a vast program with countless features that users often overlook. Professional QuickBooks support from Accounting Freedom helps you get the most value from your subscription by teaching you how to use features you may not know about.
Why Professional QuickBooks Support is an Investment
Professional QuickBooks support isn’t a short-term fix—it’s a long-term investment in your business’s financial accuracy. With ongoing support, you can streamline your accounting, improve tax compliance, and ensure your recordkeeping is error-free.
Accounting Freedom’s QuickBooks Pro Advisors offer dedicated, ongoing support, helping you customize QuickBooks to your business and maximize its features, saving you time and money. Don’t let accounting errors slow down your business.
Get expert QuickBooks support from Accounting Freedom today and streamline your accounting processes.