The start of a new year offers small business owners a rare opportunity to stop and smell the roses. It’s a time to celebrate previous wins and inspire future successes. A time to reflect, refocus, and re-evaluate. That evaluation usually includes a critical look at your business solutions, like QuickBooks.
We get it. You need to know that your systems and processes are optimized for your innovative and growing business. You need to know that QuickBooks has what you need to succeed in 2021. A year in which e-commerce, remote work, and digital payments take the lead.
Whether you’re a long-time QuickBooks customer or just starting to think about using QuickBooks for your business, here are eight new and improved features you’re going to love in 2021.
1. Gain Control of your Cash Flow
61% of small business owners regularly struggle with cash flow problems. Predict and forecast cash flow with QuickBooks Cash Flow Planner. Your QuickBooks Cash Flow Planner will allow you to effortlessly manage your business cash flow right in QuickBooks.
Use the Cash Flow Planner to predict future money in and money out events without affecting your books. Stay prepared by creating cash flow projections that will forecast money-in and money-out over 30 and 90 days. Your data automatically imports and syncs to give you an accurate cash flow analysis in real-time.
2. Manage and Organize Expenses from Anywhere
Snap a picture of a receipt or bill and categorize it in QuickBooks—all from your mobile device. No need to switch to a computer to categorize or split your expenses. The information with automatically match to bank transactions in minutes, which means you can stay organized and be ready for tax season. Plus, swipe gestures allow you to quickly add, match, edit, undo, and delete expenses. Use the QuickBooks mobile app to start tracking your expenses.
3. Conquer Sales Tax
There are hundreds of tax laws that impact sales tax in Canada. As more businesses pivot towards e-commerce, calculating and collecting sales tax gets even more complicated. But when you add sales tax to an invoice in QuickBooks, sales tax calculations are automatically taken care of for you. Calculate a GST, HST, PST, and QST or add custom rates for other taxes you track.
Plus, QuickBooks will allow you to generate reports that show how much sales tax you’ve collected and how much you owe. QuickBooks will help you keep track of payment due dates so that you can avoid penalties for late payments.
4. Get the Information You Need—Fast
QuickBooks Support has the answers to all your QuickBooks questions. Offering webinars, community discussions with other QuickBooks users, video tutorials, and more, get all the answers you need in one place.
The good thing about this feature, is that it is available to you 24 hours a day, 7 days a week. You can use the search bar to find exactly what you’re looking for. With over 500,000 article we are the ultimate destination for QuickBooks support.
5. QuickBooks is Available Whenever and Wherever you Need It
QuickBooks is best experienced on the web or using the mobile app. The QuickBooks Online mobile app is a great way to record expenses, access accounting reports, and more. But if you need to access something in QuickBooks that isn’t available on the mobile app, you can log into QuickBooks Online from your mobile browser.
QuickBooks Online is optimized for your mobile browser, so you can manage your business from anywhere.
6. Connect All Your Favourite Apps
QuickBooks Online allows you to sync your favourite apps to your QuickBooks account. Save time by worrying less about data entry and automate simple day-to-day tasks with apps. Sync your favourite apps in e-commerce, customer management, inventory, invoicing, and more to bring all your data together in one place. Find your favourite app today.
7. Hit the Road and Track Your Mileage
Automatically track your mileage with QuickBooks and all you need to do is drive. With your phone’s GPS, the QuickBooks mobile app will keep a tab on your kilometres. Plus, the mobile app will help keep track of all your mileage and will sort your personal trips and business-related trips with a simple swipe. Calculating your deductions has never been easier.
8. Organize and Track Your Projects Profitability
Get a good idea of where you stand by clearly seeing which projects are making money and which ones break the bank. QuickBooks will let you see how much you’re earning off every individual project. This feature allows you to track all time expenses on your projects as well as view any outstanding payments and un-billed work. This will help you understand the full scope of a project by tracking non-billable time for each project.
By tracking project profitability, you will be able to control costs, get instant insights, and maximize your profits.
Whether you’re new to QuickBooks or an expert, these features will help you get your small business organized for the new year. Find out more about some amazing QuickBooks Online features here, or start your free trial today.