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All businesses have ebbs and flows in their business and depending on your business, sometimes there’s a big difference between the highs and lows. Today I want to discuss two products that might be useful in navigating through the fluctuations.
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Most businesses have peaks and valleys, so business owners find monitoring cash flow is always important. Here are 5 tools in QuickBooks that can help you monitor your cash flow.
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Getting invoices done quickly not only brings payments in faster, but the improved productivity an also reduce your overhead. Here are 8 ways to quickly create invoices in QuickBooks
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You’re busy, you have information you need to see, but don’t want to spend all day getting it. Especially during your busy season! Here are 5 ways you can view multiple reports quickly
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While there is so much you can do with QuickBooks, there are still times when an add-on product offers features not found in QuickBooks – or with the same level of functionality. I will put these in 3 “buckets” – invoicing, collections and cash flow.
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Do you take payment up front from customers when starting a job? Whether you’re in the construction industry, landscaping, trades or some other type of business, deposits up front help cash flow and enable you to pay employees and purchase materials for the job. While there are different ways to handle this scenario, not all of them are correct from an accounting perspective. The results can be misleading information or confusion for the bookkeeper or customer. Here’s the method I recommend for handling prepayments in QuickBooks.
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Have you looked at your payroll options recently? Although changing your payroll option can be a pain to change, it is worth evaluating from time to time to make sure you’re getting the payroll option best suited to your business needs. And since Intuit recently released some new offerings late 2019, this might be the perfect time to start evaluating!
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It’s time to plan for your new year and profitability. Many of you may have already worked on a business budget for 2020. If you haven’t, I encourage you to do so – no matter what size your business is. If it helps, think of your sales, gross profit and net profit as goals you want to achieve. And I think you’ll agree that it’s much easier to hit a target you can see ;-). Once your budget is in QuickBooks, it’s easy to monitor how you’re doing during the year, so you don’t have to do updating in spreadsheet or just wonder.
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You’re ready to use create your budget in QuickBooks – great! Start by clicking on Company > Planning & Budgeting> Set Up Budgets.
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