The software of choice for our clients is QuickBooks Online (QBO)

QuickBooks Overview

two persons using computer doing accounting

What Is QBO?

QuickBooks Online (QBO) is a comprehensive cloud-based accounting software designed for small to medium-sized businesses. is your all-in-one financial tool for business. It’s not just accounting software; it’s your business’ financial GPS.  The heart of your business!

QuickBooks Online is designed to be user-friendly, making it accessible for business owners who may not have an extensive accounting background, while also being robust enough to be used by professional accountants and bookkeepers.

QuickBooks Online can handle a wide range of accounting processes, including but not limited to:

  1. Invoicing and Payments: Create, send, and track invoices; accept payments online; and send reminders for outstanding invoices.

  2. Expense Tracking: Connect bank and credit card accounts to automatically download and categorize expenses.

  3. Account Reconciliation: Reconcile bank and credit card accounts to ensure that the financial records match the statements from financial institutions.

  4. Payroll Processing: Process payroll, calculate taxes, and manage employee time with an additional payroll subscription.

  5. Financial Reporting: Generate a variety of financial reports such as profit and loss statements, balance sheets, and cash flow statements.

  6. Sales Tax Calculation: Calculate and track sales tax on sales and purchases and prepare sales tax returns.

  7. Inventory Management: Track inventory levels, costs, and sales to manage stock effectively.

  8. Budgeting: Set up budgets to monitor financial performance against projections.

  9. Project Management and Time Tracking: Track project profitability, billable hours, and manage project-specific expenses.

  10. Accounts Payable: Manage and pay bills, set up recurring bill payments, and track due dates.

  11. Accounts Receivable: Track what customers owe (outstanding receivables) and when it's due.

  12. Multi-User Access: Provide different levels of access to multiple users, facilitating collaboration among team members.

  13. Cloud-Based Access: Access financial data from anywhere, on any device, as long as there is an internet connection.

  14. Integration: Integrate with a wide range of third-party apps for functions like CRM, e-commerce, email marketing, etc.

  15. Tax Preparation and Filing: Assist with tax categorization and deductions, and integrate with tax software for easier tax preparation and filing.

  16. Cash Flow Management: Monitor cash flow over time to help predict future cash flow trends and manage liquidity.

  17. Mobile App: Access and manage financial data on-the-go with the QuickBooks Online mobile app.

Need your day to go faster…

QuickBooks automates many tasks, from reconciling bank transactions to setting invoice reminders. No more manual calculations, save time and focus on growing your business.

How QuickBooks Makes Your Business Successful…

Accurate, up-to-date financial data at your fingertips means smarter business decisions. Know what’s coming in and going out, and where you can save or invest.

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Virtual Accounting Services in all 50 states

MC Accounting & Tax Services offers accounting services in all 50 states

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