QuickBooks will help you increase profits, manage cash flows, and lower your taxes

Written by Aric Watson | Sep 7, 2025 1:12:05 PM

 

 Increase Profits

  • Track Profitability by Project or Client
    Use the Projects feature to monitor income and expenses for each engagement. This helps you identify which services or clients are most profitable.

  • Automate Invoicing & Payment Reminders
    Set up recurring invoices and automatic reminders to reduce late payments and improve cash inflow.

  • Use the Profit & Loss Report Strategically
    Review this report monthly to spot trends, cut unnecessary expenses, and adjust pricing or service offerings accordingly.

 Manage Cash Flow

  • Cash Flow Center & Planner
    QuickBooks Online includes a Cash Flow Center that gives you real-time insights and forecasts for the next 90 days. This helps you anticipate shortfalls and plan spending.

  • Bank Feeds & Reconciliation
    Link your bank accounts to automatically track transactions. Regular reconciliation ensures accuracy and prevents surprises.

  • Savings Envelopes with 3.00% APY
    If you use QuickBooks Checking, you can earn interest while setting aside funds for taxes, payroll, or emergencies.

 Lower Taxes

  • Categorize Expenses Accurately
    Use custom rules to automatically categorize transactions, ensuring you capture every deductible expense.

  • Mileage & Receipt Tracking
    Use the mobile app to log mileage and snap receipts—especially useful for travel tied to client meetings or stewardship initiatives.

  • Tax Time Reports
    Generate Schedule C, 1099, and other tax-ready reports to streamline filing and reduce errors. You can also invite your accountant for seamless collaboration.