Fortiviti works with various accounting software for our clients, but the most common is QuickBooks Online. QuickBooks Online (QBO) is a powerful and intuitive accounting software that offers a wide range of benefits for small and mid-sized businesses. Here are some of the key benefits of using QBO:

1. Accessibility

With QBO, you can access your financial data from anywhere, at any time, as long as you have an internet connection. This makes it easy to manage your finances while on the go or working remotely. 

 

2. Automation

QBO automates many of the tedious and time-consuming tasks involved in bookkeeping, such as invoicing, tracking expenses, and generating reports. This frees up more time for you to focus on growing your business. 

 

3. Collaboration

QBO allows multiple users to access and work on the same data simultaneously. This makes it easy for you to collaborate with your team, accountant, or bookkeeper and ensures that everyone is on the same page when it comes to your finances. 

 

4. Integration

QBO integrates with a wide range of other apps and platforms, such as bank accounts, PayPal, Square, and more. This allows you to import transactions and other data automatically, reducing the need for manual data entry. 

 

5. Reporting

QBO offers a variety of customizable reports that give you a clear and detailed view of your financial performance. This helps you to make informed business decisions and identify areas where you can improve. 

 

6. Security

QBO uses bank-level security to protect your financial data and keep it safe from unauthorized access. This gives you peace of mind knowing that your sensitive information is secure. 

 

For businesses under $50M in revenue, QBO is a powerful and versatile accounting software that offers many benefits. It allows you to automate bookkeeping tasks, collaborate with others, integrate with other apps, and access your financial data from anywhere. However, as with any software system, QBO is only beneficial if set up and used properly. Spend the time upfront to get your system set up correctly for your business and train your team on the proper usage of QBO! 

 

Written by: Mandy Smith