Quickbooks is one of the world’s most popular accounting software – it wouldn’t be so popular without the countless benefits that it offers. Check out these substantial benefits that QuickBooks offers to businesses.

Quickbooks can take care of both profit-and-loss calculations and tax filings

Businesses are required to submit quarterly estimated tax payments to the Internal Revenue Service of the United States federal government. Failing to pay sufficient amounts results in penalties being levied against businesses, thereby cutting down the total free cash flow businesses have to conduct operations as normal. Quickbooks makes it easy to pay estimated quarterly taxes – unless a business’ financial information was entered incorrectly into the accounting program, tax payments will be remarkably accurate – this prevents the likelihood of getting into trouble with Uncle Sam.

As long as you use Quickbooks, you’ll never have to physically sign documents again

A major benefit that Quickbooks brings to the figurative table of commerce is the automatic signing of documents. Employees who are granted enough power within their organizations can upload their signatures by simply taking a picture of their signature on a blank piece of paper; next, they can simply drag and drop their John Hancocks onto spaces that they want to sign without all the wrist work.

Quickbooks integrates into other computer programs without hassle

Quickbooks is remarkably friendly with other programs. You’ll find that you can export all the data your business has poured into Quickbooks to other computerized accounting software, tax programs, and tools used to create financial statements.

Not all accounting software is as compatible with virtually all business-related programs across the modern world of technology; as a matter of fact, Quickbooks is widely known as the most compatible accounting software.

Businesses that don’t account for their revenues and expenses are in the dark; as such, they can’t figure out if their operations are profitable or not. Getting used to Quickbooks doesn’t take very long – before you know it, you’ll be reading error codes like quickbooks error 6177 in no time.

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By financen | September 9, 2014 - 5:37 pm - Posted in Accounting, Tax

Let’s face it, no one likes taxes. Taxes are a necessary evil in life and every business or person needs to follow through on the best tax prepartion Calgary every year. Otherwise, the business or person could face an audit or a general headache when the taxes are due.

Tax-AccountingThe main problem most organizations and people have with taxes, however, is not that they exist, it’s that the tax laws always change. From one tax year to another, a family or small business could expect their tax rates to change on a federal level, in Alberta or with their municipal taxes in Calgary. Although most people expect they can handle their taxes, it is always a good choice to consult with an accountant or accounting firm.

Accountants or accounting firms may seem like a financial investment, but the investment is worth the time and money. Accounting in Calgary can be quite complex and an accountant or firm is here to help their clients. Every accountant, whether they are independent or part of a firm, will know the complexity of the Calgary, Alberta and Canadian tax code. These professionals also keep up-to-date on how the tax code changes. They also know what benefits exist or are created in the tax code for families or businesses. Finally, these professionals can offer consulting advice on how to best prepare or handle tax issues with the government.

Outsourcing tax work to an accountant will help to alleviate any stress that comes from filing taxes. Instead of frantically keeping up with new tax laws and codes, have an accountant work on the taxes.

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