Once you learn how to use QuickBooks, the program is fully customizable to your specific business. Create multiple customized ‘templates’ for your business forms (e.g., purchase orders, quotes, statements, and invoices)Īnd that’s just the beginning.Filter reports showing only certain data.Prepare financial reports that you can use for banking or tax purposes.Create management reports that show either summary level information, or reveal critical detail regarding your job costs and estimates.Simply drag and drop to move an account from one position to another.Tomorrow you (or other users) may require a new perspective. Today you may want to see the information organized one way. If you’re going to stick with just one accounting system for your small business, then I believe that small-business accounting system must be flexible.
Small Business Financial Accounting Software that Can Be Customized to Meet Your Needs At the end of the day, your accounting should be correct with minimal extra work, and you can then use that time and resulting financial information to build your business. In other words, QuickBooks minimizes your data entry work, and helps to maintain the integrity of your data, so that you have fewer month-end balancing and reconciling steps. Then, you can even access the same information to create Invoices! The data then flows from the purchase order to the bill-entry process, and then to the bill-payment process without you having to re-enter the same cost and job data. These subsystems are able to access and carry data across the accounting “cycles.” For example, when you enter a purchase order in QuickBooks, you select specific cost items and indicate the job. QuickBooks is composed of a variety of integrated subsystems, including: There are a lot of small-business financial accounting software programs out there! Don’t fall into the trap of buying one program to produce invoices, another program to manage payroll, and yet another program to handle your job-costing. Just One Accounting System for Your Small Business It’s robust enough to process and report on all of your financial transactions, it eliminates the need to employ multiple software packages, and it allows you, as the owner of your business, to maintain your own financial records. But in my experience setting up accounting systems for remodelers, custom-home builders, developers, and manufacturers over the past 25 years, I’ve found QuickBooks to be the ultimate financial package. You may have searched online for various small-business financial accounting software programs that offer different benefits to your business. Choosing an accounting system for your small business? Read about the flexibility, comprehensiveness & usability of QuickBooks.Īs a small-business owner trying to navigate your own business accounting system you are faced with many choices.