Small business owners have more digital tools available than ever before. However, the Canadian Federation of Independent Business found that 92% of small and midsize enterprises in Canada use digital tools, but only 10% are fully digitized, and few are integrated.

Separate systems might seem like they're working well for your company, but automating your financial workflows with integrated software saves valuable time.

The CFIB found that over half of the Advancers and Leaders of small business technology use a platform like Intuit QuickBooks to streamline operations. With QuickBooks Payments, an add-on to the online or desktop software, you can improve the customer and invoice payment experience.

Table of Contents

• Why businesses need connected financial workflows
• Benefits of managing financial activities in one platform
• How Intuit QuickBooks combines billing, payments, and reporting
• Connect your financial data with Intuit QuickBooks
• Frequently asked questions

Why businesses need connected financial workflows

Connected financial workflows help businesses track multiple stages of payment, from billing to payment and reporting.

If your business is still relying on separate systems, you may be spending too much time entering payment details manually, which can lead to errors. Using financial management tools can also create visibility gaps, so you don't have a clear picture of your company's finances.

Combining billing, payment collection, and financial reporting in a single system saves you time and makes it easier to find the payment information you need.

Benefits of managing financial activities in one platform

If you're tired of time-consuming admin work, your company would probably benefit from using a single business payments platform. For example, the right payment method gives you:

• Better visibility that makes it easier to monitor your business performance from a single dashboard.
• Centralized data, which means you're not spending admin hours on repetitive data entry.
• Connected reporting that helps you use real-time data to manage your business.
• Streamlined workflows that lead to greater operational efficiency. This way, you're not duplicating entries, spending time chasing payments, or tying up your company's cash flow.

How Intuit QuickBooks combines billing, payments, and reporting

QuickBooks Payments is a platform that already offers integrated payment and billing tools. From invoicing and payment collection to expense tracking and financial reporting, Intuit QuickBooks gives you all-in-one functionality.

Take a look at the capabilities that are included with the software:

Connect your financial data with Intuit QuickBooks

With QuickBooks Payments, you can stay on top of payment activity from a single dashboard. Save time that you would have spent tracking down expenses or reconciling payments, and spend more time making decisions that help your business grow.

If you're ready to automate, see how QuickBooks Payments manages every aspect of transactions and accounting to help you stay organized and informed.