If you’re in the process of starting a small business, there are a few steps you’ll have to take prior to opening up shop regardless of the industry. For example, you’ll likely have to hire a couple of employees and devise standard operating procedures. You’ll also have to choose a bookkeeping software. If you’ve done at least a little research on the various options, QuickBooks® is probably at the top of your list. Used by millions of businesses, this program will allow you to pay invoices, accept receivables, and process payroll. 

FAQ About QuickBooks

Should I start with QuickBooks Self-Employed?

If you’re starting a one-person operation that you anticipate will grow to the point that it needs additional employees, it’s wise to use QuickBooks’ small business accounting software from day one. The self-employed version is ideal for freelancers who need help with their bookkeeping. However, there’s no way to transfer the data to a more powerful version of QuickBooks. 

How much accounting experience do I need to use it?

QuickBooks is designed for the average small business owner. In other words, its users, while experts in their respective industries, are not necessarily familiar with bookkeeping and all that it entails. However, it often helps to have an accountant or other financial professional introduce you to the software and help establish the account.

Can I switch over to QuickBooks if I started with another accounting software?

If you’ve been operational for a while but only just decided to use QuickBooks, it may be possible to import data into the new software. Whether you can do so will depend on the program you’re currently using. Thankfully, the accountant who helped you set up the software should be able to help. 

For help setting up your QuickBooks software, turn to Young Hoy & Burnett, CPA in Texarkana, TX. For more than 40 years, this firm has been serving businesses across the Four States area. With an unwavering commitment to protecting each client’s bottom line, they devise practical accounting solutions that are affordable, hassle-free, and easy to implement. If your business expands beyond Quickbooks, they also offer bookkeeping and tax planning assistance. Learn more about their offerings online. To set up a meeting, call (903) 794-2211.