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Artificial Intelligence and Machine Learning are the driving forces of success for many large enterprises. This is where small businesses find themselves lagging behind. With automation technology, large businesses can leverage a number of routine tasks with the power of artificial intelligence. With bots running the online chat boxes, taxes being done online, the prorated pay, and a series of other similar features, large businesses have got it all with artificial intelligence. What about Small Businesses Though?For small and medium-sized businesses, artificial intelligence is no longer a far-off dream. Software like QuickBooks Cloud Hosting, which offers all the features of QuickBooks Desktop paired perfectly with the benefits of cloud accounting, has bridged the gap between small businesses and the benefits of artificial intelligence. The Benefits Small and Medium-Sized Businesses Never HadSMBs deal with millions of transactions on a daily basis. Recording these transactions manually is time-consuming and prone to mistakes. Plus, keeping all that data at one place, with easy accessibility can be too much to handle for a business owner and his accountant. Sheets can get confusing and errors are common when accounts are managed manually.Also, the businesses today demand 24*7 availability to be up and running. If all of the business files are saved on a single local computer, it can be difficult for owners and their clients to work in collaboration. This also raises the risk of data loss. Computer hardware is prone to risks such as theft and destruction and the software is often at risk of malware attacks.QuickBooks at the RescueQuickBooks is accounting software that helps businesses in managing their daily transactions, taxes, invoices, and other payments. Keeping in mind the struggles of entrepreneurs, small and medium-sized business and CPAs, QuickBooks is available in different versions to serve every need.The several uses that business owners and bookkeepers can use QuickBooks for are as mentioned below:Manage The Revenues And PaymentsWithout the QuickBooks software, business owners often forget what their customers owe them and since when. Often, the customers get away without making the payments at all. In order to avoid this, QuickBooks offers a special report where the owner can view the list of all the invoices that are due.Create Reports With EaseBusiness owners, CPAs and bookkeepers who regularly use QuickBooks Hosting enter the daily transactions into the software. This gives a clear insight in the form of accounts payable and accounts receivable reports, which means the owner gets a clear image of the company’s losses and profits.Better Insight Into The Company’s PerformanceWith QuickBooks Hosting, business owners, their employees and clients have access to a multitude of insightful data, all at one place. This gives a direct answer to a lot of what, why and how. With meaningful data at hand, accountants can formulate policies that are in line with the firm’s targets in future.Generate PayrollThere is a lot that the QuickBooks software can do and generating payroll is just one of the many things on the list. QuickBooks lets business owners to outsource the task of generating payroll for each employee. Now, with QuickBooks cloud hosting, users just have to enter the employee data and the payroll will be generated simply and quickly.Taxes Made EasyManaging loads of paperwork when tax season is round the corner can give you the blues. With QuickBooks, everything is taken care of beforehand, reports are ready, invoices are right in front, and all that needs to be done is to file the taxes. It is less time-consuming, easy to work on, more systematic and simplified to use QuickBooks cloud hosting.Up-to-Date InventoryBusiness owners no longer need to take a stroll to the inventory or scold the employees for not keeping a track of the inventory. With QuickBooks Cloud Hosting, all that you need to do is enter your transactions and your inventory will be up-to-date automatically.In ConclusionBusinesses that are still vary if they should switch to cloud accounting, must give QuickBooks Cloud Hosting a try. The traditional methods may be good, but business management software is all that a business needs today for a smooth run.
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