Running a small business involves keeping track of many moving parts, especially related to your finances. Having an accounting solution in place that meets your needs is crucial for understanding the financial health of your company and making informed decisions. QuickBooks Desktop remains a top choice for small business accounting, and the 2024 version provides features to simplify tasks like invoicing, paying bills, tracking expenses, managing payroll, and generating reports.
Key Benefits of Using QuickBooks Desktop
QuickBooks Desktop continues to be popular among small business owners for good reason. It delivers core accounting features in an accessible desktop package.
User-Friendly Setup and Navigation
Getting started with QuickBooks Desktop 2024 allows you to easily guide the initial setup process using a series of questions tailored to your business. The layout uses familiar navigation conventions you likely know from other programs, allowing you to get acclimated quickly.
Robust Reporting Functionalities
You need access to your key financial data in order to analyze how your business is performing. QuickBooks Desktop provides customizable, shareable reports on metrics like sales, profit and loss, accounts receivable, accounts payable, budgets vs actuals, and more.
Scalability as Your Business Grows
While QuickBooks Desktop works great for early-stage businesses, its scalability also allows it to handle upward growth without needing to switch platforms. It has the flexibility to adapt to rising transaction volumes, additional users, or greater complexities.
Integration with Other Software
Chances are you utilize other software and apps to manage things like inventory, ecommerce, payments, and payroll. QuickBooks Desktop integrates with over 700 of these solutions, allowing seamless data sharing that saves you time on manual entry.
Mobility and Accessibility of Data
The desktop program synchronizes with the QuickBooks Online mobile app, enabling you to view key accounting data and run reports on the go. You can also share readonly access with your accountant or bookkeeper for collaborative work.
Top Features That Solve Small Business Needs
Millions of small businesses rely on QuickBooks Desktop for their fundamental accounting needs. Examining some of the top features gives insight into the solutions it provides.
Invoicing and Accounts Receivable
Creating, sending and tracking invoices is simplified with tools to customize templates, accept online payments, automatically remind customers to pay, and sync outstanding balances across users.
Expense and Inventory Tracking
Upload receipts, log miles, manage vendor bills due, and track inventory quantities. QuickBooks helps you stay on top of what you owe and what is currently in stock.
Payroll Management
Built-in payroll features including paycheck calculations, direct deposit, tax payments and filings, and W2s help automate what is often a complex manual task.
Reports and Insights
Detailed reports on the financial health of your business help you analyze growth and losses, sales by customer or item, budget vs actual spending, account balances, and more.
Multi-user Access and Assignment
Optional user permissions allow things like customized access levels and activity logs when managing multi-user accounts across assistants, accountants, and bookkeepers.
Ease the Pains of Small Business Accounting
As a busy entrepreneur, you need an accounting solution like QuickBooks Desktop 2024 that eases your workload, not adds to it. With well-designed tools that save time on critical financial tasks, you can focus your energy on propelling your vision forward. Sign up for a free trial today to experience the future of small business accounting software.
