Managing cash flow in QuickBooks

​There are a huge number of people who are involved in the small business. Looking at the data,
more than 100 million startups are added per year and the total number of entrepreneurs all
around the world has reached to a whopping number of 472 million.

​Managing small business with limited resources is not an easy task but smart solutions like
QuickBooks allows small business to capture the growing opportunities and establish themselves
among the giant players. The highly advance accounting software QuickBooks doesn’t only help
you to enhance your accounting and financial tasks but it also helps you to improve the cash flow
of your business. So, in this blog post, we will look at the various aspects which are necessary
for increasing the cash flow of your business.

How QuickBooks play an important role in report generation?

These are some of the important points which show why QuickBooks plays a very important role
in report generation.

• One of the unique features of QuickBooks is the ‘Accounts Receivable Aging Summary Report’. This report allows you to look into unpaid invoices. In addition to this, it also shows you the review for monthly basis.
• QuickBooks is also linked to the Microsoft Word and it allows the customers to owe the best pre-written collection letters which are available online. This linking allows the businessman to prepare many new benefits.
• Tracking sales results is also very much easy in QuickBooks and is also very much important for any business. With the help of QuickBooks, you can easily track down your sales result and be updated about your finances.
• In addition to tracking sales results, QB also allows you to track your customer so that you can be better at making decisions and can look at the purchase and results of customers.
• QuickBooks also helps you to prepare letter templates which can prove to be very useful for the credit application letter.

​Useful tools of QuickBooks which help you to manage cash flow efficiently

There are few tools in one of the versions of QB which is QuickBooks Pro that helps you to
manage your cash flow efficiently. The following tools can help your business to have a better
cash flow:-

• With the help of QuickBooks Pro, you can easily customize your invoices.
• You can also set reminder for your overdue invoices which will help you to avoid delay in payments.
• One another benefit of the robust software is that you can easily summarize the invoice details to the customers waiting for a clear invoice report.
• In a stage of overdue payments, you can easily setup finance charges.

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So, by going through the above-mentioned application of QuickBooks, you must have
understood the importance of the software in an effective and efficient cash flow management.
Most of the small businesses try to wear many hats at a time and thus it leads to chaos and
disruption in the functioning of the software. So it is advisable to have the right protective hat
like QuickBooks for managing your business smartly.

If you are looking to host your QuickBooks in the cloud through then you can go for the highly economical and robust QuickBooks hosting provider Cloudwalks. With various benefits like daily data backup, high scalability and round the clock customer support, we offer the specialized hosting services for SMEs, CPAs, accountants and bookkeepers.

Preeti

​​​Preeti is a technical content writer who is currently associated with Cloudwalk. She spends most of the time of her day in the world of cloud computing and accounting software. Her vast experience in the field of cloud software and her love for IT has allowed her to become a major contributor on most of the knowledge based cloud platforms.