Track Your Real Estate Finances In One Place
Raise your hand if you want to track your business finances in one place that is easy and secure to access whenever you desire. If your hand is up, you need QuickBooks Online. It is an advanced accounting software that is perfect for your business because you get 24/7 online access backed by the reputation and security of Intuit. QuickBooks Online is subscription based so you pay a small monthly fee of $30.
The point of accounting software is to produce financial statements that allow owners to make informed business decisions and to file taxes. The two most important statements are the Balance Sheet and Profit & Loss. QuickBooks Online produces both in real time. You also get access to numerous other reports that drill down into the details of your business operations.
As a quick reminder, the Balance Sheet lists assets, liabilities and equity. The Profit & Loss compares revenues and expenses. The information contained in these financial statements is crucial. If you are not reviewing them on a regular basis, expect trouble ahead.
Financial statements and other reports must be accurate to be useful. QuickBooks Online has numerous fail-safes to make sure this is the case. Checking and credit card accounts are linked in for seamless transfers of data between the bank and the books. Monthly reconciliations ensure all transactions have been entered. Reports are used to confirm transactions are posted properly. These systems work together to ensure your reports are accurate and useful.
If you are ready to take your accounting software to the next level contact QuickBooks For Real. Our staff is QuickBooks certified and ready to help you put the software to work at its full potential. If you already track your data with other software including QuickBooks Desktop, or use spread sheets / handwritten ledgers, we assist with your transition to the big leagues. If you already use QuickBooks Online, we show you how to get even more out of it. Contact us today for details on the many benefits of QuickBooks Online and how it will help your business thrive.
JWTW Industries L.L.C. provides the information in this blog as a general guide. Tax laws are extremely complex, and every taxpayer is unique. Some or all of this information may or may not apply to you. We provide simplified situations to clarify some of the major aspects and highlights of the topic at hand. Some of the language used is casual and may be misconstrued. Please make an appointment with us soon to discuss your particular circumstances.