If you are a kitchen and bath remodeler in Seattle, you know how challenging it can be to manage your finances. You have to deal with multiple projects, vendors, subcontractors, clients, invoices, payments, taxes, and more. You also have to keep track of your expenses, income, cash flow, and profitability. How can you simplify your bookkeeping and accounting tasks without sacrificing accuracy and efficiency?
One way is to use cloud-based software solutions that integrate with each other and automate your workflows. In this blog post, we will introduce you to three of them: QuickBooks Online (QBO), Gusto, and Relay Financial. We will explain how they can help you streamline your bookkeeping processes and save you time and money.
QuickBooks Online (QBO)
QBO is a popular accounting software that lets you manage your business finances from anywhere. You can access it from your computer, tablet, or smartphone. You can also connect it to your bank accounts, credit cards, and other apps to import your transactions automatically.
With QBO, you can:
- Create and send professional invoices and estimates to your clients
- Track your income and expenses by project, customer, vendor, or category
- Manage your bills and payments with ease
- Run reports to monitor your financial performance and health
- Prepare and file your taxes with confidence
QBO also offers a variety of features that are tailored to the construction industry. For example, you can:
- Use the Job Costing Center to track your job costs and profitability by project
- Use the Progress Invoicing feature to bill your clients based on the percentage of work completed
- Use the Change Orders feature to record any changes to the original contract and adjust the invoice accordingly
- Use the Retainage feature to withhold a portion of the payment until the project is completed
- Use the 1099 Contractor feature to manage your subcontractors and their payments
Gusto is a payroll and HR software that simplifies your payroll processing and compliance. You can run payroll in minutes, pay your employees and contractors via direct deposit or check, file your payroll taxes automatically, and offer benefits like health insurance, retirement plans, and more.
With Gusto, you can:
- Set up and run payroll in a few clicks
- Automate your payroll taxes and filings at the federal, state, and local levels
- Offer health insurance, 401(k), workers’ comp, and other benefits to your employees
- Manage your employee records, time tracking, time off requests, and more
- Access expert support from certified payroll professionals
Gusto also integrates seamlessly with QBO, so you can sync your payroll data with your accounting data. This way, you can avoid double-entry errors and ensure accuracy across both systems.
Relay Financial is a banking platform designed for small businesses. It offers a business checking account that comes with a debit card, unlimited transactions, no monthly fees, no minimum balance requirements, and FDIC insurance up to $250,000.
With Relay Financial, you can:
- Manage your cash flow with real-time balance and transaction alerts
- Control your spending with custom spending limits and rules for each card
- Automate your bookkeeping with direct integration with QBO
- Pay your bills online or by check with no fees
- Deposit checks via mobile app or mail
Relay Financial also offers a unique feature called Relay Connect. It allows you to connect with other Relay users and send or request money instantly. This is especially useful for paying or getting paid by your vendors or subcontractors.
How to Get Started
If you are interested in using QBO, Gusto, and Relay Financial for your kitchen and bath remodeling business in Seattle, we can help you get started. At Next Level Books LLC, we are certified QBO ProAdvisors and Gusto Partners. We can help you set up your accounts, customize your settings, train you on how to use them effectively, and provide ongoing support.
We can also help you with other bookkeeping and accounting services such as bank reconciliations, financial statements, budgeting, forecasting, cash flow analysis, and more. We have experience working with kitchen and bath remodelers in Seattle and understand the unique challenges and opportunities of this industry.
Contact us today for a free consultation and let us take your bookkeeping to the next level!