Having your own business is a great way to make money, but if you need help with how to go about it, many tools are available to help. One of the most helpful is QuickBooks Desktop. Not only does it provide you with a way to manage your finances, but it also allows you to integrate with other applications. You can pay bills online or by check, maintain your employees’ timesheets, and more.
If you are unfamiliar with QuickBooks Desktop, you may need to be made aware that it has a feature that lets you pay bills by check or electronically. This is part of the accounts payable workflow and helps you manage your cash flow. You can also schedule payments.
The Pay Bills function is the last item on the toolbar. To get started, enter the billing information, such as the due date, the amount, and the payee. Next, enter the credit amount, if any.
The best part about this Quickbooks desktop features is that it lets you choose which vendor to pay. If you have multiple vendors, you can easily make one-time payments to them or set up a bank transfer for all of them.
When ready to pay your bills, click the “Pay Bills” button. From there, you will have a few options.
Maintain the Timesheet of the Employees
There are several reasons to maintain the timesheet of your employees. Not only is this a practical way to monitor their work, but it also improves project management and invoicing.
Timesheets in QuickBooks can calculate billable hours and even create customer invoices. They also provide features such as payroll calculations and overtime reporting. In the end, it helps you to save time.
Keeping track of employees’ work has become integral to many businesses’ day-to-day operations. With detailed employee timesheets, you can keep track of your employees’ working hours and prevent many salary miscalculations.
Detailed timesheets also offer the best of both worlds, as you get a complete overview of your employee’s work without the headache of keeping track of time with a traditional paper-based system. You can even automate more mundane tasks, such as biometric scanning, to make it faster and easier to prepare and track employee time.
Integrate with LivePlan Business Plan Software
Integrating LivePlan business plan software and QuickBooks Desktop is a great way to create a budget. It can help you keep track of your financial performance, which is essential to running a successful business. In addition, it can help you create professional-looking documents, making your pitch to investors or lenders a breeze.
With LivePlan, you can create a complete business plan, including a forecast of cash and profit totals. You can also use it to pitch to investors or manage costs and expenses. And if you need help figuring out where to start, you can get step-by-step guidance.
LivePlan is a comprehensive solution for small-to-medium-sized businesses. The software combines automated financials with expert support to help you create a business plan that considers your market.
LivePlan is easy to use, with step-by-step instructions and hundreds of templates. Plus, it can connect to your QuickBooks desktop or online accounting system for data syncing. This feature helps you track key metrics, such as revenue and expenses, and compare your actuals to the forecasted figures.
Provide Data Backups and Company File Backups
You can easily create a backup of your company file in QuickBooks Desktop. The process is quite simple and can save you time in the long run.
In addition to saving your company files, you can also set up automatic backups. These are good ideas because you may want to keep your data in case your computer crashes or you experience a power outage. If you have a secondary hard drive, you can make a copy of your backup on that drive and transfer it to your primary PC. This can be done with one click of a button.
If you want to do a more complex task, you can choose to back up your data manually. Selecting the appropriate option for your needs is always a good idea.
Depending on your backup requirements, you can use a USB flash drive, a networked storage device, or a cloud-based solution such as Dropbox or Carbonite. However, keep in mind that some of these are only sometimes reliable.
Accept Contactless Payments
QuickBooks desktop has a range of features to help you accept contactless payments. The software allows you to process credit cards and digital wallets quickly. It also supports other forms of NFC payments.
One of the main advantages of a contactless payment system is that it offers security. It is possible to store customer and credit card information on a mobile device, which means your business can accept the latest forms of payment.
Another benefit is that the transaction is completed in a matter of seconds. This makes it convenient for customers to buy products.
To make a contactless payment with your phone, hold it in front of the reader. When the reader detects the signal, it will automatically approve the transaction.
Businesses can offer customers contactless payments with their phones using the Quickbooks GoPayment app. This app is free and lets you accept payments from all major credit and debit cards. You can even take payments via Apple Pay and Samsung Pay.
Customize Bill Payment Stubs
QuickBooks can customize bill payment stubs. Like other QuickBooks forms, you can change the format to make it more convenient. This will also improve the overall efficiency of your accounting processes.
You should first log into your QuickBooks account to customize your bill payment stubs. From there, you will see the main menu. You can click on the arrows to navigate to the different submenus. You will see the Intuit Standard Bill Payment Template as a desktop user. Select the template, and you will be able to customize it.
Next, you should select the Main tab in the Vendor Payment screen. After you do that, you will be able to view the essential customization window. Here, you can view all of the changes that you have made. The Basic Customization window has several checkbox items to choose from.