QuickBooks Can Help Fix Problems

QuickBooks can help fix problems in your business, as well as improve cash flow and help productivity. By using Quickbooks custom fields, classes, and job names, you can find out which clients are making you money and which clients are costing you money. Here are a couple of ways to zero in on your problem areas:

-Aging reports tell you who your slow payers are. You can also include credit limits so you can avoid bad debts. You can find this report under Reports/ Customers/ Aging Summary or Aging Detail.

-Reminders can be used to trigger phone calls you need to make, notes about your customers, and bills that might need to be generated and mailed.

-Time tracking can be used on employees to see which employees are helping your bottom line and which employees are costing you money. You can also assign their time to a job to show the overall profitability of a client.

QuickBooks can also help speed up your cash flow. Time and expense tracking helps you bill your clients faster. You can also use progress invoices to produce invoices ahead of time. Collection letters can also be generated from QuickBooks to help with collecting.

Finally, QuickBooks can also be helpful in helping you find transactions that you think might be lost. Let's say you are trying to find every transaction in QuickBooks dealing with a certain project. You can download the QuickBooks search which is powered by Google search. Type in the name you are trying to find and the search engine will produce all the transactions with that word in any transaction in your database. However, this capability takes up a lot of space, so make sure your computer can handle it.

With these tips, QuickBooks can help you build your business and make you more efficient. Please call us if there is anything we can help you with!