As the financial year is drawing to a close, most of us are reviewing and recovering from the effects the pandemic had on our respective businesses in the past year. This is also a good time to make new choices and changes to our systems to ensure that we maximize our strengths and curb our losses. Hence, it will be a smart move to incorporate QuickBooks 2021 into your business solutions strategy.
Whether you are a long-time QuickBooks customer or have recently started contemplating using QuickBooks for your business, here are eight new and improved features that will help your cause in 2021:
1. Gain control of your cash flow: Business owners, especially smaller concerns, usually struggle with cash flow problems. With Your QuickBooks Cash bank account, you can seamlessly integrate QuickBooks Payments and QuickBooks Payroll and run your business from one place within QuickBooks. It is free to open and there are no monthly charges or account minimums.
Connect all your bank accounts to QuickBooks and see your real-time cash flow. You can also use the Cash Flow Planner to predict future money in and money out events without affecting your books. And use QuickBooks Envelopes to tuck cash away for future business goals and expenses.
2. Manage outgoing payments with Bill Pay: By using the Bill Pay option, you can pay bills directly from QuickBooks Online or through the QuickBooks mobile app. The flexible Bill Pay options give you the liberty to choose how your vendors are to be paid. You can now schedule your bill payments in advance and maximize your cash flow while avoiding late payment fees. QuickBooks will submit scheduled payments for you automatically. Quickly record and pay bills directly from the QuickBooks mobile app.
3. Quickly reconcile your accounts: You can import bank statements to reconcile accounts quickly and easily. QuickBooks will compare the details recorded with your bank statement and ensure everything matches. Now, even some banks let you view your bank statements in QuickBooks. All that is needed is an account that has an online banking option.
4. Easily track and organize your transactions: You can assign custom tags which are a flexible way to track what is important to you and your business. Tag transactions such as invoices, expenses, bills, and more to run custom reports and gain deeper insights into where your business makes and spends money. You can easily track, and search transactions based on the tags you have created.
5. Manage and organize expenses from anywhere: Using your phone, just take a picture of your bill or receipt and categorize it on QuickBooks. You don’t have to depend on using the computer anymore! The “swipe” feature lets you easily add, match, edit, undo, and delete expenses.
6. Quickly retrieve the information you need: All your QuickBooks questions can be answered by the QuickBooks Assistant. The friendly chatbot is available for your assistance 24X7 via the mobile app. Just type or speak your query, and the in-app assistant will help you with it. There is also the option to talk to a human assistant in case the chatbot cannot satisfactorily resolve your query.
7. Anytime, anywhere accessibility: QuickBooks is best experienced through the web browser or mobile app. The QuickBooks Online mobile app is a great way to record expenses, access accounting reports, and more. But if you need to access something in QuickBooks that isn’t available on the mobile app, you can log into QuickBooks Online from your mobile browser. QuickBooks Online is optimized for your mobile browser, so you can manage your business from anywhere.
Therefore, with QuickBooks, you get the ease and convenience of handling your business with smart solutions. QuickBooks has what you need to succeed in 2021. A year in which e-commerce, remote work, and digital payments take the lead.
QuickBooks 2021 is not just limited to these attributes; it offers you many more options to seamlessly integrate your accounting activities. Our QuickBooks certified professionals can save your time, boost your productivity and help you take your business to the next level.
At BMC SAAS, we are proficient in providing 360-degree accounting services to clients around the world. BMC SAAS will take care of all your accounting frustrations so you can focus on what you love. To learn more about how BMC SAAS can help your business, contact us about your business requirements.
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