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2018-08-05 21:59:51Tradie FinanceEnglishRunning a trades business can be a pretty full-on gig. Finding time to manage your accounts can be a challenge. QuickBooks is an accounting...https://quickbooks.intuit.com/au/resources/au_qrc/uploads/2018/08/iStock-466280088.jpghttps://quickbooks.intuit.com/au/resources/tradie-finance/4-reasons-tradies-need-quickbooks/5 Reasons Tradies Need QuickBooks | QuickBooks Australia

4 reasons tradies need QuickBooks

2 min read

Running a trades business can be a pretty full-on gig. If you’re not on a job, you’re out quoting, travelling between sites, or answering enquiries on your endlessly ringing phone. Finding time to manage your accounts can be a challenge. Most will end up leaving it until the end the of day or the weekend – not an ideal solution. Now, imagine if you could manage your finances on the go. Well, you can. QuickBooks is an accounting software solution that will save you time and money. Here’s why you need it.

You can use it when you’re on the move

Staying on top of your finances is critical if you want to keep cash flow positive and your business running smoothly. Having all this information at your fingertips makes it easy. Just open the app and see where things are at, anytime, anywhere. And, instead of leaving all the financial admin for the evening or weekend – or until tax time – work through some of the necessary tasks throughout the day, like when you’re still on site, sitting in your car, or on smoko.

It makes invoicing easy

As a tradie, you definitely don’t need a lesson on the importance of cash flow. All it takes is one late invoice for things to take a turn for the worse. That said, payments are often delayed because of the time it takes for a business to send an invoice and whether there are suitable systems in place for customers to make a payment.

With QuickBooks, you can create and send professional-looking invoices straight from your mobile phone or tablet as soon as you’ve completed a job. Simply input the details into a pre-designed or customised template and click ‘send’. You can even integrate the software with PayPal to send invoices with a ‘Pay Now’ link. This handy feature means customers can make instant online payments with their credit card, debit card, or PayPal account. You can even schedule recurring invoices or set up automated reminders to chases late payments.

young craftswoman in apron standing at spacious workshop and using digital tablet

It can help you do your GST & BAS

As a tradie, we know you didn’t start your business because you love doing the books. That’s where QuickBooks comes in. With all your expenses and invoicing handled by the app, you can even track your GST and lodge your BAS directly with the ATO come tax time. You can also join forces with a QuickBooks ProAdvisor who can have direct access to all your books remotely through QuickBooks Online Accountant, in order to offer better financial service.

It organises your expenses

With so many expenses, it’s easy to confuse what’s work and what’s personal – especially when you’re managing things from one account. Connect your bank account to QuickBooks and it will keep your balances accurate and up-to-date, and allow you categorise expenses as business or personal with a simple swipe. Invoice and get paid on the spot, organise your expenses, track your GST and get paid faster. QuickBooks really is the perfect tool for tradies.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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