Of all the types of competitive advantages a business can have cost efficiency is the most lucrative. Your organization could be manufacturing top quality products but will still not outperform competitors if you have no control over costs.
Costs define profits more than sales do. To control it, you need an accurately recorded income statement to identify problem areas. The income statement will not only give you a breakdown of your costs but will also help you target the right categories where cuts need to be made. QuickBooks can carry out almost all the activities that your accountant is responsible for. Whether you want to file quarterly taxes, generate payroll, or prepare critical financial statements QuickBooks will always be up for the job.