Knowledge is Power: Must-Read Blogs for Small Business Owner

In the fast-paced world of entrepreneurship, staying informed is your ticket to success. Whether you’re a startup founder, a seasoned business owner, or an aspiring entrepreneur, this collection of blogs has been carefully crafted to empower you with the insights, strategies, and wisdom you need to navigate the complexities of the business landscape.

Simplifying Small Business Finances

In today’s fast-paced business world, managing finances effectively is a top priority for small business owners. QuickBooks Online (QBO) offers a streamlined approach to financial management. Here’s why it’s a must-have for entrepreneurs:

1. User-Friendly Interface: QBO boasts an intuitive design, making it accessible to all users. It simplifies tasks like invoicing, expense tracking, and generating reports, reducing the learning curve.

2. Cloud-Based Freedom: QBO liberates small business owners from traditional desktop systems. With an internet connection, you can access financial data from anywhere, ensuring real-time updates and flexibility on the go.

3. Invoicing and Expense Management: QBO streamlines invoicing and expense tracking. You can create branded invoices, send them electronically, and receive payments online. The software automates expense categorization, aiding budgeting and tax preparation.

4. Powerful Financial Reports: The software offers a wide range of financial reports for insights into your business’s performance. From profit and loss statements to cash flow analysis, these reports guide data-driven decisions and help you spot trends and areas needing attention.

5. Integration with Third-Party Apps: QBO effortlessly integrates with third-party applications. This feature allows you to customize the software to meet your specific needs, be it inventory management or payroll processing.

6. Collaborative Tools: Collaboration is crucial in small businesses. QuickBooks Online supports multi-user access, enhancing teamwork. Team members can work simultaneously, and you can grant access to accountants & bookkeepers (MJS BOOKKEEPING CONTACT US BUTTON)  for efficient financial management and tax preparation.

QBO is an essential tool for small business owners. 

Small businesses can tackle financial complexities, focus on their core operations, and drive towards success. Click here for a discount for QBO

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How To Tutorials

Connecting Bank Feeds

To link bank feeds on QuickBooks Online, follow these steps:

  1. Log in to your QuickBooks Online account using your credentials.
  2. From the dashboard, click on the “Banking” tab located on the left navigation menu.
  3. In the Banking section, click on the “Connect account” button in the upper-right corner.
  4. A search box will appear where you can type the name of your bank. Enter the name of your bank and select it from the list that appears. If you don’t see your bank listed, you can manually enter your bank’s web address by clicking on the “Can’t find your bank?” link below the search box.
  5. You will be redirected to a secure login page for your bank. Enter your online banking credentials (username and password) and click “Continue” or “Log In.”
  6. QuickBooks will establish a secure connection with your bank, and a list of accounts associated with your bank will be displayed.
  7. Review the list of accounts and select the ones you want to connect to QuickBooks. If you don’t want to connect a particular account, uncheck it.
  8. After selecting the accounts, click on the “Connect” button.
  9. QuickBooks will start importing your bank transactions, and it may take a few minutes or longer, depending on the number of transactions. Once the import is complete, you will see a success message.
  10. Your bank accounts are now linked, and you will be able to see your bank transactions under the Banking tab. QuickBooks will automatically categorize some transactions, but you may need to review and categorize others manually.