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How QuickBooks Accounting Software Makes Tax Season Easy

QuickBooks is the perfect product for your business because it offers you a variety of services and products. Moreover, it has software for every kind of industry and each type of task. With tax season upon you, it is time to get your financial documents together. As a business owner, this time is very stressful and burdensome, unless you own QuickBooks accounting software. The software practically does everything for you. With it, you no longer need to rush through collecting data and end up with missed assets and deductions. Purchasing QuickBooks accounting software is beneficial all year round.

Your Choices of QuickBooks Accounting Software

QuickBooks accounting software has many choices, but a few are more popular than others. For instance, Enterprise gives you four options: silver, gold, platinum, and diamond. It is considered the more powerful choice as it can track all your customers, inventory items, vendors, and much more.

First, the silver edition has many powerful features. Next, the gold edition has everything included in silver, plus enhanced payroll. Lastly, the platinum edition includes everything that the silver and gold include, with a few extras. For example, it also comes with advanced inventory and pricing.

Desktop Pro is considered the best small business accounting software. It shows you exactly where your business stands financially and much more. It also handles daily tasks quickly and efficiently. Desktop Pro Plus has all the same features as Desktop Pro with a some added specific features to complete daily business chores.

Software That Collects All Your Data

Waiting until the last minute to collect all your expense reports, financial records, and receipts, unfortunately, results in mistakes. Each of these software choices helps organize everything in one place. As a result, the software is easier for you to access and more user-friendly. You can handle all your expenses by tracking and paying bills through the software. It also gives you the option to sync with your online banking straight to QuickBooks. The Income Tracker feature will create a transaction report for your entire year or specific period. You will receive automated reports that you can choose to customize and schedule. Getting reports and answers have never been easier.

Eliminate Ghost Assets

QuickBooks accounting software is the perfect solution for ghost assets. When you have items that no longer have a value, but are still a fixed asset in your main account, these are considered ghost assets. For example, when an item is lost, stolen, or broken it no longer has any value for your business. Not properly recording these mishaps could lead to negative results in your taxes. Thankfully, using an inventory management software helps you avoid these ghost assets, and benefits your business every tax season.

All of the QuickBooks accounting software has tools to aid in keeping track of your inventory. Additionally, some of the software choices even include advanced inventory tracking and also provides inventory reporting. You can even customize these reports to include a valuation summary, assembly summary, and inventory stock by item. As a business owner, these powerful features will help you know exactly what you do and do not have without going through everything physically.

Don’t Forget Deductions

Even though you might know about certain deductions, you could still miss some that might have an impact on your taxes. The government uses deductions as a way to encourage spending in places that they want you to. Possible tax deduction examples include the use of vehicle expenses, contract labor, then rental of business property, supplies, utilities, and more. Unfortunately, many business owners forget about certain deductions, resulting in fewer tax breaks than deserved.

QuickBooks software can track your business with a click of a button. Information will be available in reports that are easy to use and organized by category. The income tracker will have all this information saved to reports and ready for you to view. It even covers all income-related transactions with an end-to-end view of everything. This will help you make minimal mistakes and help maximize either money back or less money to pay.

Accounting Software Can Benefit You Year-Round

Using accounting software has many benefits, and as a business owner, using it to track things like accounts, expenses, and payroll can save you valuable time. The benefits of accounting software are available during more than just tax season. They can benefit you throughout the whole year. The features that help assist with tracking accounts, expenses, and payroll only keep getting better with each update. All of QuickBooks software is getting faster and more powerful with each new edition.

This tax season does not have to be complicated, and you can still use an accountant. However, with QuickBooks software, the entire process will run smoother. You no longer feel rushed and stressed trying to gather everything because the software organizes the data into tax-friendly reports. Accounting software benefits your business all year long and makes every day easier.

To find a great place to purchase this user-friendly and powerful accounting software, visit Fourlane at You can also contact us by phone and talk to certified QuickBooks experts. Here at Fourlane we have trusted business advisors, industry experts, and Intuit’s best Premier reseller every year since 2010. Call today at 1-800-931-2120.

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