QuickBooks is perhaps the most popular accounting automation software for most business establishments. Because of its wide acceptance, accountants are willing to compromise on features that are not (or below expectations) available in it. However, it should be noted that QuickBooks capabilities can be enhanced with add-ons and configurations to meet specific industry requirements. The IT staffing industry is no exception to this rule – accountants add a few patch programs and make it a little more workable.
Adding patches too often (or removing) only adds to the problems that IT staffing firms face in QuickBooks invoicing. The best way to find a permanent solution for all IT staffing firms’ expectations is by adding a total invoicing solution like CONSULT that has been developed exclusively for increasing QuickBooks capabilities. It works with such precision and accuracy using the same type of interface as in QuickBooks to give users a familiar touch and feel. Even an experienced QuickBooks accountant will not know that an add-on is working behind the scene to make his work simpler and easy.
CONSULT invoice automation software was developed as QuickBooks feature enrichment add-on software (cloud-based application delivered as SaaS) that is not otherwise available in it. It is a force multiplier that can increase productivity by up to 5X and reduce invoicing time to as little as 10% of QuickBooks without CONSULT. Here are a few capability-enhancements that IT staffing firm accountants will get by integrating QuickBooks and CONSULT.
Some Capabilities Enhancements (Just the Tip of the Iceberg)
1. Direct consultant timesheet submission in digital format for easy validation and authentication. This capability makes submissions faster, error-free and cost-effective. Faster means, higher productivity, error-free means quick customer processing and payments and cost-effective means higher ROI that the firm can add to its profits. Another collateral advantage is that data can be circulated within the organization when it can be accessed with CONSULT safely leaving little scope for unhealthy intrusions and manipulations.
2. QuickBooks’ invoicing capabilities go up when CONSULT has done most of the processing that are particular to the IT staffing industry – your billable and billing rates will be reconciled without intervention, discounts will be calculated based on a scientific formulation, appropriate annexure documents will be listed, consultant’s name will be listed along with timesheet submissions, perks will be calculated as per contract obligations, the right invoice template will be chosen and many other requirements will be followed up without fail.
3. QuickBooks’ A/R capabilities will also receive a major boost by automating the invoice dispatching and payment realization procedures. You can schedule email invoice dispatch and payment reminders, reconcile payment receipts, extract statements of customer payment delinquencies, include a revised contractual obligation and even do financial analytics for offering higher discount rates to eligible customers.
The best way to find a permanent solution for all IT staffing firms’ expectations is by adding a total invoicing solution like CONSULT that has been developed exclusively for increasing QuickBooks capabilities. It works with such precision and accuracy using the same type of interface as in QuickBooks to give users a familiar touch and feel.
CONSULT is a cost-effective tool with pocket-friendly plans. You can migrate between two plans as your needs grow up.