QuickBooks Online is already a lifesaving application for many small and medium-sized businesses. The advanced accounting features help them easily take command of all of their company’s finances. With the ability to track profit margins and manage accounts receivable and accounts payable, it is nearly the complete package. However, the initial program still does lack several key features to help a business grow and thrive. By using QuickBooks Online add-ons, you can increase the accounting workflow and financial capabilities of your business with ease.
How Can Add-Ons Help My Business?
There are many ways that choosing an add-on can help you manage the running of your business. There are several official add-ons produced by Intuit, including Payroll, Payments, Advanced Inventory, Point of Sale, Financing, Demandforce, and American Express OPEN. If that’s not enough for your business, there are also a plethora of third party applications that can be added to QuickBooks Online that offer even more functionality, including shipping trackers, time trackers, human resource managing, and much more.
With all of these capabilities, QuickBooks Online add-ons can transform a simple accounting program into a fully-realized accounting department.
Easily Pay Your Employees With Payroll
Your employees are the pillars of your budding business, so getting their paychecks right is essential to keeping them happy and productive. With the Payroll add-on, all you have to do is enter the hours worked by your employees, and it will take care of all the other calculations. It allows you to distribute money using traditional paper checks or with direct deposit. Even better, if you don’t feel comfortable managing the payroll taxes on your own, you can choose to get the Full Service Payroll add-on so that QuickBooks Online will take care of filing come tax time.
Get Your Money Faster With Payments
At the end of the day, in order for your business to be successful, you need to make money. Using Payments can help you with that, as it simplifies the ways in which customers can pay you. It allows you to easily accept online and mobile credit card payments and then automatically records all of this data into QuickBooks Online. This saves you the hassle of importing payment records and eliminates costly data entry error. You can choose between as pay as you go format if you don’t anticipate having many sales at first, or a low monthly rate that allows you unlimited transactions. Learn more about Payments here.
Market Your Business Online With Demandforce
Demandforce goes beyond finances by bringing the world of virtual marketing to your fingertips. It allows you to directly connect with your customers through a variety of automated means, including email newsletters and texts. When customers don’t respond for a while, you can reinvigorate their attention with custom emails and specials. You can even get and respond to customer feedback through the use of surveys. Additionally, it enables you to collect consumer reviews of your business from around the web and automatically publish them on a variety of websites in order to improve your reputation and gain new customers. All of the results from these campaigns are stored in your QuickBooks Online account to keep you always up-to-date on how well you are reaching your customers.
Choosing the Right Add-Ons for Your Business
These add-ons are just the tip of the iceberg. Before deciding which ones are right for your business, it is important to determine your end goals so you can find the right product for you. Always research each and every application to make sure it meets the needs of your business before committing to it. For example, If you decide you want a point of sale tool and automatically go with the official Intuit add-on without testing it out first, you might be disappointed. With the right tools, QuickBooks Online can become a fully versatile tool in helping you manage your business.