We at ProOnGo talk a lot about QuickBooks online banking, because we love it! Company cards are something that virtually every business uses – after all, the only people carrying around a checkbook these days are the same people who are bumping MC Hammer on their walkman. It is no longer hammer time.
Hopefully you’re already recording your expenses to your credit card register in QuickBooks by clicking the “Add Credit Card Charges” button. This screen will look pretty familiar to you:
Normally you’d record expenses through this screen, then go to the Credit Card register to see all of the charges.
If you’re already doing everything right, why make the switch to online banking?
Online banking is faster:
A pretty normal way businesses run, expense-wise, is by use of expense reports. Employees spend money, then submit their receipts along with a list of expenses to their manager. This is time consuming and can easily be pushed aside if the employee in question has more important work to do. So, you’re left waiting for the expense reports. By the time everything finally gets recorded, you could have fallen days, weeks, or even in some cases months behind.
Once you finally get the expense reports, it then takes time to enter in all the information to QuickBooks.
Online banking eliminates all the bother of what I’ve just described. When you have online banking set up, QuickBooks constantly downloads transactions from the bank as they happen. So, there’s no more waiting for expense reports from your employees, who will be very happy to not have to fill them out anyway.
Online banking is more accurate:
When you use online banking, the transactions are downloaded directly from your bank, so you know there won’t be any errors. If you’ve had to manually enter in tons of expenses, you know the feeling of frustration that occurs when the ending balance that you created doesn’t match that on the credit card statement. You also know that it’s virtually impossible to not make a single mistake while entering in so much information. Avoid all of that by using online banking, and letting QuickBooks do the work for you.
Using online banking allows you to also use add-ons:
There are a plethora of apps and add-ons which sync to QuickBooks, but they all require online banking to work. Apps can fit a variety of needs and even make QuickBooks fun!
ProOnGo is all about making expense reporting easy, so it’s no coincidence that we sync with your credit card online banking. By giving you access to your credit card register right on your smart phone, we’re taking the convenience and availability of online banking to the next level. Instead of logging in to QuickBooks and spend time categorizing a list of expenses, why not do it right when the expense is incurred? Your employees can file and categorize their expenses too without gaining access to your QuickBooks company file. Even better, do all of this from your smart phone!
If you’re interested in online banking, you can check out our instructions on how to set up credit cards in QuickBooks.
Did you know: When you have online banking set up, you can use ProOnGo to sync with your credit card register, allowing you and your employees to categorize, edit, and add receipt images to your credit card transactions from any smart phone, any where, and at any time. Check out our Credit Card Sync.