by Nicole Corson, Senior CAS Associate

QuickBooks Online is a powerful tool. It can be used to track income and expenses, create invoices, record and make payments, manage inventory, generate reports… and dozens of other functions that help finance staff and business owners understand the current position of an organization and plan for the future.

QuickBooks Online is flexible, with many options for how to manage and report finances based on an entity’s unique business processes, size, industry, and operations. A wide variety of software applications developed by third-parties can also be seamlessly integrated with QuickBooks Online to make the platform even more customizable, more informative, and more useful.

What types of enhancements can third-party apps provide?

Automation: save time by automating repetitive, time-consuming tasks, such as creating invoices, categorizing expenses, calculating taxes, and paying bills.

Back-up and auto-recovery: ensure continuous backup of every transaction so all information is protected, current, and recoverable.

Data extraction: digitize receipts, bills, and invoices, and decode handwriting for automated integration so that all relevant information is recorded in your system.

Syncing payments: remove burdensome tasks by receiving and remitting vendor invoices with automatic payment entries.

Detailed tracking: improve your understanding of your operations with enhanced information for inventory and project management, time tracking, and customer relationship management (CRM).

Advanced reporting and analytics: make better decisions with robust compliance reporting, business intelligence, KPI measurement, benchmarking, and comparative and vertical analysis.

Forecasting: develop detailed projections based on historical data, and conduct scenario analysis to gauge the impact of decisions or external factors on future financial performance.

Customer experience: improve consumer support, provide convenient e-commerce transactions, and streamline communication between sales, accounting, and customer service teams.

Visualization: clearly present data and identify trends with compelling charts, graphs, and dashboards.

Collaboration: enable everyone involved in the organization, including partners, investors and consultants, to access important information and provide insight.

Narratives: add context to the numbers that explains results and performance

Many third-party apps support the unique operations, challenges and compliance requirements of specific industries. Dembo Jones clients in retail, hospitality, healthcare, and construction, to name a few, benefit from custom processes and reports that meet their needs.

Let the experienced professionals at Dembo Jones help you optimize your operations and achieve your goals by identifying which third-party apps can empower your business.