No one loves spreadsheets more than we do! BUT when it comes to actually doing your bookkeeping, Excel and Google Sheets really don’t cut it. Spreadsheets can’t create comprehensive Profit & Loss and Balance Sheets, which are integral to knowing your business. The reports that you are able to create are magical (and, again, necessary).
Are you combing through your actual bank statements at the end of the year to make sure you’re maximizing your tax deductions? No one wants to have to gather up a bunch of physical documents. Quickbooks will do this for you, so when your CPA asks you for the breakdown – you have it!
Sales Tax is tricky, so making sure it’s all right from the start is incredibly important. Quickbooks helps you set that up and charge correctly! It’s also easy to run all of the reports for remitting the correct amount by county.
If you aren’t using accounting software, you honestly probably don’t. Looking at your bottom line monthly, quarterly, and yearly can help you understand how much you’re actually bringing in and taking home. It’s a great way to compare with past periods to see if you’re growing or if you need to find opportunities to cut back.
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