Use an accounting software package fit for your start-up business
Accountancy isn’t for everyone. When starting a business, the main aim is most likely to make a profit through selling a service or a product. However, if the services or products aren’t finance related, business owners may have less experience in accounting than those providing accounting services or products. The passion that drives a business owner is to make their dream a reality, focusing their thoughts on their specific products or services their customers and what they want to achieve; keeping their financial accounts in order is seldom high on their list of priorities. An alternative to hiring an accountant to handle small businesses’ finances, one can use a QuickBooks accounting software package to ease the burdens of business finances. Even if you aren’t handling your business accounts yourself, as a responsible business owner, it is important for you to understand the basics – Accounting 101.
Understanding your accounts using an accounting software package
Financial accounts are a crucial element that business owners need to understand. In order to make financially safe decisions and prevent your company from failing, you need to be informed and involved in your business’s financial accounts. By purchasing an accounting software package from QuickBooks, you’re buying an uncomplicated tool to help you manage your company’s finances.
We've created accounting software packages to meet the financial needs of small to medium-size businesses: SimpleStart, Pro and Premier.
The basics of accounting 101 - Keep record of all transactions
Business owners must always keep record of all their financial transactions. Many startup business owners don’t know the intricacies of taxes and what can be written off as expenses. These small mistakes can lead to penalties and the possibility of additional fees. Keeping track of money coming in is just as important as knowing what money is being spent. A tip for keeping your accounts organised is to keep your receipts or online forms together in a separate folder to ensure that they don’t get lost or mixed up with other documents.
Furthermore, if a business chooses to support a charity or foundation, the relevant records should also be carefully monitored. Even though it’s a charity, the donations need to be recorded with receipts to prevent business owners from forgetting the amounts.
Choose QuickBooks for efficient accounts management
Small business start-ups are at the stage where they need to save as much money as possible. This stage is often the most important phase of any business because processes are set in place and bad financial habits can cause issues in the future. With QuickBooks accounting software, businesses have access to efficient easy-to-use accounting software packages. If you purchase QuickBooks accounting software, you’re investing in programs that only require a once-off payment. This lowers your costs as you don’t need to hire an accountant. Browse our website now to find out more about our various packages and learn about the benefits of using our accounting software. QuickBooks is your gateway to professionally and efficiently handled financial accounts.
Contact us with any further enquiries regarding what accounting software is best for your small to medium-size businesses.
QuickBooks SimpleStart - for new and home based business
The simplest way to manage and track money going in and out of your business.
QuickBooks Pro - manage your business accounts simply and easily
Manage your business accounts simply and easily.
QuickBooks Premier - fast and easy advanced accounting
Fast and easy advanced accounting.
Quick Payroll is designed to meet the fast growing needs of dynamic South African SMEs.
It simply manages all aspects regarding payroll, including payroll calculations, leave registers, report writing, tax year-end, and more. Quick Payroll interfaces seamlessly with QuickBooks accounting software, which means your general ledger journals will automatically update.
Our solution automatically provides new tax law or statutory upgrades as they arise, keeping you on the payroll cutting edge. What is more, our Quick Payroll is so flexible; it can be used in any industry sector, injecting value into your company, employee and client relations across the board.
Quick Payroll Lite is designed to meet the fast growing needs of dynamic South African SMEs. It simply manages all aspects regarding payroll, including payroll calculations, leave registers, report writing, tax year-end, and more. Quick Payroll Lite interfaces seamlessly with QuickBooks accounting software, which means your general ledger journals will automatically update.
Our solution automatically provides new tax law or statutory upgrades as they arise, keeping you on the payroll cutting edge. What is more, our Quick Payroll Lite is so flexible; it can be used in any industry sector, injecting value into your company, employee and client relations across the board.
Quick Payroll Startup is designed to meet the fast growing needs of dynamic South African SMEs. It simply manages all aspects regarding payroll, including payroll calculations, leave registers, report writing, tax year-end, and more. Quick Payroll Startup interfaces seamlessly with QuickBooks accounting software, which means your general ledger journals will automatically update.
Our solution automatically provides new tax law or statutory upgrades as they arise, keeping you on the payroll cutting edge. What is more, our Quick Payroll Startup is so flexible; it can be used in any industry sector, injecting value into your company, employee and client relations across the board.
