Monday, February 11, 2019

QuickBooks Apps to Improve Your Small Business


As any small business owner will tell you, running a business is a constant battle to find more time.

More time to sell the product, more time to supervise employees, more time to manage inventory and stock, and more time to handle any of the endless tasks and activities that come with running a business.

The good news is that there are other, far more accessible tools out there that can help the small business owner get their time back. Check out the following list of Quickbooks applications to help you better manage, and improve, your business more effectively.


Stripe and PayPal Sync


As two of the most popular digital platforms in the world to send and receive money through, Stripe and PayPal are used by merchants and customers alike.

With so many payments being processed through either Stripe or PayPal small business owners often find themselves giving themselves more work importing each individual transaction into their Quickbooks account.



With the Stripe and PayPal Sync app, small business owners can eliminate all the manual work involved and automate the entire process.

Through a simple 5-step setup process, small business owners can immediately sync their Stripe or PayPal accounts to Quickbooks. From there every single transaction or payment made will automatically be imported to Quickbooks, allowing small business owners to track all their transactions, everything from incomes, fees, to expenses, without ever having to leave Quickbooks.

Add Stripe and PayPal Sync to QuickBooks


TSheets Time Tracking

Whether you’re managing a team of employees or hiring our sub-contractors you need to be able to accurately track when they’re working.

Traditionally that process either involved having to keep a manual timesheet and entering the data into your accounting software when you had time. Not only this process slow and time-consuming, but it can also lead to mistakes being made like team members not getting paid correctly or on time.


By using the TSheets Time Tracking app, you’ll be able to monitor your team’s work hours directly from Quickbooks Online. With their mobile app all employees can easily clock in through their phone or computer and their time data will automatically sync to your Quickbooks account in real-time.

As the small business owner all you have to do is open up your Quickbooks account and you’ll be able to edit, review, and approve timesheets and invoices without ever having to switch to a different program. With any changes you make syncing up immediately with TSheets as well so all your information is accurate and up-to-date.

Add TSheets to QuickBooks


Inventory by erplain

For small business owners who manage physical products, managing inventory is a huge task in and of itself. In-between dealing with suppliers and ensuring that your product actually gets to the customer, you need a robust tool that can help you manage your inventory without the endless administration and potential for mistakes.

This is where Inventory by erplain comes in handy.


For one thing, with Inventory by erplain small business owners will be able to sync up their products and inventory with their Quickbooks account in real-time. Allowing owners to keep track of their stock and inventory before it actually gets invoiced.

Another perk of this particular app is that it also provides drop shipping support, allows tracking for products that contain multiple components, as well as allowing owners to easily track inventory across multiple locations through their easy-to-use interface.

Add Inventory by erplain to QuickBooks


Expensify

A large headache for many small business owners is keeping track of company expenses, whether that’s the company credit card, tracking mileage, or getting a handle on suppliers and sub-contractors.


Using the Expensify app you can go entirely paperless by having all your expenses sync up directly with Quickbooks. Even if you’re a business that handles multiple paper receipts, all you have to do is use the Expensify mobile app and take a picture of it and it’ll immediately transcribe all the necessary information into an expense report for you.

Add Expensify to QuickBooks


LivePlan

Being able to make data-driven strategic decisions is key for any growing business. The problem with that is that unless you happen to have the money for a full-time accountant, it’s difficult for small business owners to find the time to create the spreadsheets and reports necessary to make those decisions.


LivePlan solves that with their easy-to-understand dashboard which breaks down the key metrics and sets of data for small businesses. By syncing up directly with your Quickbooks, LivePlan pulls through all relevant data to quick build financial forecasts and budgets for you without having to plug through numbers in a spreadsheet. The app goes even further by showing you how you compare with competitors using Industry Benchmark data.

This means that you can save so much more time when handling your finances, as well as be able to quickly gather the data you need to make the right decisions for your business.

Add LivePlan to QuickBooks





Source: https://quickbooks.intuit.com

Theresa Todman, Managing Partner/CEO of B&M Financial Management Services, LLC . Theresa works with small business owners and entrepreneurs to assist them with financial management and creating organized systems and procedures. She specializes in bookkeeping, accounting, QuickBooks solutions, small business tax issues and consulting.

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