Set up your SME for success with QuickBooks

Almost half of all businesses in South Africa are small- to medium-sized enterprises (SMEs). And of these SMEs, 91% are owed money outside of their payment terms. Poor cash-flow management is still one of the main reasons small businesses fail or struggle to expand their operations. And with the mounting pressure of the volatile local economy and the global pandemic, there’s even less room for clerical discrepancies. 

Use the power of technology 

Accounting software has revolutionised how SMEs operate, giving them more control over the money flowing through their businesses and helping them to increase bookkeeping accuracy. Intuitive technology helps to minimise the administrative burden and ensures ongoing tax compliance. 

QuickBooks is one of the best online accounting tools for small businesses. The feature-packed bookkeeping software makes keeping track of your financial records easy and time-efficient. QuickBooks is also the tool of choice for accounting professionals and offers a cloud-based, scalable solution that integrates with third-party applications. 

Seamlessly transition to QuickBooks 

QuickBooks has been designed with the end user in mind, giving individuals with basic and advanced accounting skills the power to do the books with greater efficiency. QuickBooks Desktop and QuickBooks Online are ideal for small, medium and growing businesses that want to save time and stay compliant.

Here’s how QuickBooks can help your small business accounting: 

• Manage finances from anywhere with the QuickBooks mobile app (or a mobile web browser) on your smartphone or tablet. Add and process expenses, view reports, send invoices and much more.

• Organise your books by project and link related invoices, expenses and transactions to quickly assess the profitability of any project. QuickBooks Projects enables you to monitor all the time associated with a project and view outstanding invoices and unbilled work.

• Streamline your cash flow with QuickBooks Online’s valuable analytics about your business’s purchasing and expense actions to assist with financial decision-making. You can assess past performance and forecast your business’s cash flow, highlighting areas that need optimisation.

• Optimise bank reconciliations by importing bank statements and link your bank account to automatically send statements when you reconcile an account on the system.

Outsource to optimise your bookkeeping

Hiring a permanent professional accounting team isn’t feasible when budgets are constrained or are earmarked for growth strategies. And while it’s a smart choice for new and small businesses to handle the day-to-day bookkeeping with Quickbooks, you still need a professional accountant to make sense of financial reports, ensure legal compliance and prepare annual statements. 

Outsourcing your accounting to Rae & Associates gives you access to our team of bookkeeping experts who will help you make sense of your complex financial data. When you partner with us, we add value beyond the books by supporting your growth strategies and ensuring sound financial decision-making. 

Rae & Associates is a certified QuickBooks Online partner and a leading QuickBooks training provider in South Africa. We’re at the forefront of helping small businesses make sense of accounting through the power of technology. We will help you transition to QuickBooks seamlessly and easily, and our expert training will help you to unlock the best that the software has to offer. 

Are you ready to take your business to the next level? Talk to us to get QuickBooks and set up your business for financial success.