Backing businesses for success with QuickBooks

A new survey reveals that 43 per cent of Irish SMEs surveyed don’t feel prepared for the impact of Covid-19

11th July, 2020
Backing businesses for success with QuickBooks
Laura Kenny, senior sales leader at Intuit QuickBooks

Intuit, the global financial platform company, recently announced the Irish launch of QuickBooks, the world’s largest small business platform serving seven million customers globally.

Intuit unveiled two QuickBooks products at a virtual launch on June 17: QuickBooks Online and QuickBooks Online Accountant.

QuickBooks Online is software designed to solve the specific financial challenges of Irish small and medium businesses (SMEs) such as cashflow, the admin burden and late payments, while QuickBooks Online Accountant is software that can help Irish accounting professionals run and grow their practice.

Both were built and launched after extensive research with Irish SMEs and accounting professionals.

Ireland was home to some 248,344 SMEs at the start of 2020, and, according to the Central Bank of Ireland, SMEs account for over 68 per cent of total business employment.

Speaking at the launch, Bobby Kerr, broadcaster, entrepreneur and presenter of Newstalk’s Down to Business radio show, said it was clear that QuickBooks could help SMEs do business.

“As a business owner myself, I know only too well the administrative burden that comes with running a business—time that could be spent on other things,” he said.

“Speaking to small business owners week in week out for Down to Business, I know cashflow concerns can keep them awake at night. Moving financial management online with QuickBooks is a game -changer for small businesses, helping them to become more streamlined, manage cashflow more easily and allow them to focus on what they do best: sustaining and growing their business.”

Intuit’s research showed SMEs’ top concerns: having cashflow data in one place, being able to predict cashflow, and getting paid for their work. Almost 7 out of 10 of Irish SMEs say late payments are a considerable pain point when it comes to managing their business finances.

The research also showed that 43 per cent of Irish SMEs surveyed don’t feel prepared for the impact of Covid-19, and in an economy that relies heavily on SMEs, the insights revealed by Intuit QuickBooks are causes for concern.

“In this landscape, additional visibility and reduced paperwork are real benefits,” said Laura Kenny, senior sales leader at Intuit QuickBooks.

Commenting on his trial of QuickBooks in Ireland, Barry McCall, owner of McCall Media, said: “QuickBooks has transformed the way I manage my business. Cashflows have improved dramatically, and I no longer look forward with dread to the end-of-year accounts process.”

For further information on how QuickBooks can support your business, please call 1800-807132 or visit quickbooks.intuit.com/ie

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