For many small new business owners, QuickBooks is sure to prove to be an effective and efficient tool to use. However, when first starting out it can be somewhat confusing to decide upon the proper version to use for your business needs. The team here at Tax Alternatives wants to take this time to acquaint you with some important data you need before you can even think about choosing the proper version for your business needs.
- Any business owner should have a simple foundation of overall accounting knowledge. It is important to know the difference, for instance, between cash basis and accrual basis, assets and liabilities, and P&L and balance sheets in order to take full advantage of what QuickBooks offers.
- With this basic knowledge you will then need to decide what path you will embark on to learn the ins and outs of the software package. You can take a course at a local community college, purchase a book to teach yourself, or you can put your trust in the hands of the skilled QuickBooks specialists here at Tax Alternatives. Our team of specialists understands full well that choosing to use a ‘learn it yourself’ approach can most assuredly be the most cost-effective approach. However, we want you to understand that it could very well also be the most time consuming and riskiest approach as well. The biggest risk of doing it yourself is an improper initial setup of the software program. QuickBooks certainly has a vast number of features that can make life a whole lot easier for you, but if you are not familiar with them you are apt to make your life a whole lot more difficult.
- It is also important right out of the gate to define exactly what your role, as owner of the business, will be with your new QuickBooks program moving forward. Do you plan to be the only one using the software or do you plan on having multiple employees embark on the adventure? Once this decision is made, you can then decide on the appropriate version to use, whether desktop or an online version.
- Finally, it is critical that you develop your own expertise of the program before you decide to delegate the responsibilities to someone else. By doing so, you are aware of how long specific tasks will take and will then have an idea on how much time and cost will be incurred. Be certain that even after you delegate the tasks, you are always able to access the program to assess the quality and amount of work being performed or even to be able to identify various problems.
THE TRUSTED TEAM YOU CAN ALWAYS RELY ON
Here at Tax Alternatives, our highly skilled and experienced team of QuickBooks specialists are committed to meeting the needs of all our valued clients. Whether you want to rely upon our specialists to teach you the ins and outs of the software program or you prefer we handle your accounting through the program, our team of specialists has got you covered.
QuickBooks is not just a tool for the purpose of recording data, but rather is an effective management tool that helps business owners not only analyze their business but grow their business as well. With that said, the more knowledge you have about the software program the more strategically you can leverage it.
If you are looking to learn QuickBooks for your small business accounting needs, or want to learn more about our high-quality services we offer, simply give a shout out to one of our friendly QuickBooks specialists today. We look forward to serving you in any way that we can and to helping you to find the tools needed to successfully and effectively grow your small business.