Here is the An In-Depth Guide to QuickBooks Accounting, Streamlining Your Financial Management for your need. Payroll Management: Automate payroll calculations and tax deductions. Pay employees via direct deposit or checks. Generate pay stubs and tax forms (e.g., W-2, 1099). Inventory Tracking: Track products and services sold. Manage inventory levels, purchases, and sales. Set up alerts for low stock and reorder levels.