Running a small business involves many moving parts, so any tools that ease your workload are welcome. For bookkeeping and tax preparation assistance, hire a QuickBooks™ Pro advisor to make use of this versatile and helpful software. If you’re unfamiliar with how it works, here is a closer look at some of the ways it will improve your business operations.

3 Bookkeeping Benefits of QuickBooks™ Pro

1. Automatic Expense Tracking

Tracking business expenses is necessary for analyzing your profits and preparing for tax season. QuickBooks Pro advisors connect the software to your business credit cards and bank accounts to automatically update and categorize your expenses as they occur. They can also set it up to pay recurring bills and scan receipts so that all expenditures are recorded in one convenient platform. 

2. Payroll Management

Even if you only have a few employees, payroll management is complex. QuickBooks simplifies the process of paying your employees by automatically calculating state and federal payroll taxes, filling in your tax forms, and enabling you to pay your staff via direct deposit or check. This streamlined system eliminates the risk of making mistakes while calculating paychecks. When employees are paid the right amount and on time, you won’t have to worry about complaints or accidental losses.

3. Cash Flow & Profitability Reports

With so much information stored in this system, a Quickbooks Pro advisor can generate reports for cash flow and profit and losses in just a few minutes. These vital snapshots give you a clear picture of your company’s bottom line. By itemizing sources of income and expenditures, you’ll be able to easily identify areas where you need to make changes to improve your profitability.

To make the most of this money-saving program, enlist the help of a QuickBooks Pro advisor from Engelson & Associates. Serving La Crosse County, WI, their skilled certified public accountants will help you navigate this program and maximize your savings. They also assist with tax preparation, bookkeeping, and audits. Visit them online to learn more about their services, or call (608) 526-3437 to schedule an appointment.