Accounting software plays a critical role in any business, from building budgets to creating invoices and assessing business performance. Overwhelmingly, small businesses turn to QuickBooks Online Advanced to improve their financial management. With a comprehensive feature set, as well as powerful options for automation and customization, QuickBooks delivers.
Designed to scale with growing businesses, QuickBooks Online Advanced offers several key advantages. In the first place, as a cloud-based solution, it provides anytime, anywhere access and real-time collaboration. Additionally, it offers substantial customization options, as well as extensive third-party integrations and exceptional security.
Explore some of the key benefits of QuickBooks Online Advanced below.
With QuickBooks Online Advanced, businesses can add customized fields to purchase orders, expense forms, customer and vendor profiles and sales forms. These fields allow the organization to gain insights into almost anything of importance to the company and its customers.
For example, adding a customized field to specify customer type allows the business to segment its customer base for more targeted marketing. A business might also add an Invoice Date field to provide more insight into unpaid bills.
Additionally, QuickBooks lets companies customize reports and dashboards to suit specific needs. QuickBooks Online already provides multiple built-in reports. And a library of over 100 report templates makes it easy to create custom reports to leverage data analytics and drive business decisions.
For example, the organization might create a report to show expenses by category or project. Or a sales team might create customized dashboards allowing sales reps to easily track sales transactions such as invoices, sales receipts, and estimates.
With automated end-to-end workflows, QuickBooks Online Advanced allows businesses to streamline repetitive tasks to improve productivity. For instance, an organization might add efficiencies by automating processes such as recurring invoices and payment reminders.
And now, with multi-condition approval workflows, businesses can more accurately reflect real-life invoice approval processes. For example, by adding multiple conditions in a workflow, the company can ensure that invoices go to the appropriate manager based on invoice amount, location, or project.
QuickBooks Online Advanced provides various features to allow teams to collaborate securely and efficiently. To begin with, a team can collaborate with up to 25 users without incurring additional cost.
Then, using the online access feature, users can share data and documents in real time with both team members and clients. They can also set user permissions and roles to control what each user can see and do. And the system will track changes and activities to ensure security and transparency.
While QuickBooks provides an exceptionally intuitive interface, getting the most out of customization options and other advanced features may require additional help. A QuickBooks Online Advanced subscription includes Priority Circle membership, giving access to priority support from experts and specialists.
Priority support means that users receive answers and issue resolution faster. It also includes access to tips and advice on how to optimize the software, as well as online training sessions and webinars.
With the powerful features and customization options available in QuickBooks Online Advanced, businesses find innovative ways to achieve goals and overcome challenges.
For example, a construction company uses QuickBooks to streamline project management by tracking time and expenses and monitoring the progress of each project. With advanced reporting features, they generate detailed and accurate financial statements for clients and stakeholders.
Likewise, a nonprofit organization uses QuickBooks Online Advanced to automate donor management and fundraising activities. By integrating QuickBooks with their CRM system, they gain the ability to sync data and transactions between the two platforms. Custom fields allow them to track donor preferences, interests and engagement levels.
As a QuickBooks Solution Partner, eMazzanti will help your business take advantage of the many capabilities available. Regardless of your business type, we will help you leverage essential technologies to improve efficiencies, achieve data compliance, and future-proof your business with critical insights.
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