IS QUICKBOOKS BETTER THAN MANUAL RECORDS?
Traditional business operations previously required balancing debits and credits in paper ledgers, tracking physical receipts, and balancing all these numbers on a routine basis to ensure nothing was missed. While this is certainly effective, it is almost antiquated by modern standards. QuickBooks provides significant benefits that any business owner should consider, even if they depend on manual recordkeeping and reconciliation.
Reducing Chance of Errors
Human error is common and unavoidable. Whether you’ve had a long day at work and your mind won’t focus on numbers or you miss a receipt, manual bookkeeping leaves plenty of room for mistakes. Even one missed payment or failure to note money coming into your business can you give you a false sense of success or set off false red flags. While a seasoned business veteran may believe they have the manual record keeping process down to a science, it’s hard to beat accurate calculations provided by a sophisticated computer program.
Saving time may be the most obvious advantage offered by digital bookkeeping systems. Collecting all financial records, adding them by hand, and double-checking numbers is incredibly labor intensive and is almost a second job on its own. The adage, “Work smart not hard” is certainly applicable here. Manual accounting is by far the longer process, compared to the automation provided by QuickBooks, as well as templates available in the system for invoices and reports.
A messy workspace can easily make a business professional feel disorganized. Bulky paper ledgers, shoe boxes full of paperwork, and file cabinets of old records can make your back office feel small and cluttered. QuickBooks allows you to store secure records digitally, whether on your office computer or on a cloud-hosted system – no more digging through physical folders and sorting through paperwork. Digital accounting records are far easier to access and make your office as organized as possible.
Improve your peace of mind and take the extra work off your plate by converting your manual books to an efficient and accurate digital accounting system. If you need help getting started with QuickBooks at your place of business, our professionals can provide the support and guidance you need. Contact our office for a consultation!