Your industry-by-industry guide to sharing the benefits of QuickBooks Online Advanced

Powerful, scalable and designed with users in mind, QuickBooks Online Advanced can be tailored to meet the unique needs of different industries and sectors. Here’s an insight into how construction, professional services, hospitality and retail can all benefit from the platform’s comprehensive suite of features—and how you can best demonstrate what your clients can gain from upgrading to QuickBooks Online Advanced.

Construction

In the construction industry, project profitability depends first on accurate job costing, with estimating, scheduling and billing systems all aligned. Tracking expenses and billing everyone on time can be challenging, particularly when a business is managing more than one project simultaneously.

QuickBooks Online Advanced has customisable features to simplify all of these processes across multiple locations. Powerful project management tools make it easy to stay within budget by monitoring project costs. Detailed stock reports and order tracking empower construction managers to make faster, data-driven decisions that will ultimately lead to improved financial outcomes. 

One construction firm owner who switched to QuickBooks Online Advanced says the platform revolutionised their project management processes, allowing them to track costs more accurately and improve profitability.

Professional services

Charging too much will damage client relationships, charging too little is a threat to businesses. It’s no wonder that time tracking and billing are the biggest challenges for many professional services firms. QuickBooks Online Advanced provides clarity and control by making it easy for business owners to track billable hours and bill accurately while monitoring client invoicing and project profitability. Automating routine tasks such as invoicing also frees up more time to focus on delivering high-quality services that not only enhance client satisfaction but also boost the bottom line. As one professional services accountant discovered, having QuickBooks Online Advanced to streamline their billing process resulted in faster payments and happier clients.

Hospitality

For those in the hospitality industry, volatile food costs, staff turnover, rising competition and varying seasonal demands make it difficult to manage cost pressures and margins. At the same time, customer expectations are constantly changing—and regulatory compliance can be complex and time-consuming. 

With QuickBooks Online Advanced, intuitive dashboards show key metrics in real-time so hotel and restaurant managers can protect revenue by responding quickly to fluctuations. Streamlined stock tracking and automated purchasing simplify inventory management while automated financial, payroll and reporting processes workflows help businesses to stay compliant. 

Retail 

Retailers walk a fine line between holding too little and too much stock. With QuickBooks Online Advanced, dashboards track inventory in real-time so that business owners can act fast to optimise profits and avoid waste while enhancing customer satisfaction. The dashboards also show real-time sales, seasonal trends and cash flow, while seamless point of sale and eCommerce integration make it easy to manage online and in-store sales. 

How to bring your clients on board

When you’re talking to clients in different industries it’s important to reassure them that you understand their specific needs and pain points. You can then focus on how effectively QuickBooks Online Advanced can help them overcome their challenges, and how you’ll be able to work with them to strengthen their business.