Are you an accountant? And looking for the best accounting software, then I’ll tell you about QuickBooks. Because QuickBooks is a very popular accounting software. So if you want to know about it, then keep reading this post. because I am going to give you complete information about it.
As you all know, every popular company has an accountant to do its transactions. Which keeps all the information about all the transactions of that company with him at all times. This is possible because he uses a good accounting software.
That’s why you should use a good easy accounting software. Which can maintain your accounting properly and well. That’s why I will tell you about QuickBooks. Because QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
So if you also want to get all the information about QuickBooks, then keep reading this article. Because I am going to give you all the information about this immediately, so let’s start.
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Advantages of Utilizing QuickBooks as the Primary Accounting Software!
QuickBooks is the most preferred and popular accounting suite available and is utilized by a lot of organizations and businesses across the globe. It is known to have more than 7 million active users as of today. QuickBooks is widely used due to its features that assist accounting processes with facilities such as simple user interfaces, banking integrations, inventory management integration, and payroll management tools.
Many business processes like tracing and tracking the transactions and then accordingly categorizing and reporting them can be done as this makes the entire accounting process efficient and much easier to carry out. With a competitive QuickBooks Enterprise Cloud Pricing, organizations and businesses will be able to host QuickBooks Desktop on a cloud platform and get remote access to it. This will allow them to work from anywhere at any given time without any problems. Below mentioned are some of the reasons why QuickBooks should be used as the primary accounting software.
1. Integrated financial management.
QuickBooks is software known to integrate with almost all third-party services. This makes the whole financial management process easier and reliable. Users can integrate applications for:
- Expenditure management: Expensify, AutoEntry & Receipt Bank
- Invoice and Billing: Quotient, Chaser
- Time Tracking: TSheets
- eCommerce Store Plugins: Shopify
- High-level reporting: Fathom, Spotlight Reporting, Draftworx
- Inventory management Tools: SOS inventory, Trade Gecko
2. Usability
One of the biggest benefits of using QuickBooks is that the software is developed in such a way that is user-friendly and does not require a steep learning curve to learn the basics. This means that the users do not have to be financial professionals and do not need any prior experience or knowledge to use the software. It has an intuitive design that makes it easy to navigate, even for first timers. A good Desktop as a Service Pricing will allow businesses to use all these features remotely by hosting QuickBooks on a remote desktop.
When users start the application for the first time, they will be greeted with a welcome followed by a virtual orientation that will show the usage of each tool and the basic overlay of the software. The software is developed around a centralized dashboard that outlines crucial information such as the profit and loss status of the business, overall expenses, linked bank accounts, invoices, latest sales, and tips to use the software. A menu is located on the left side of the screen which enables the users to access pages such as reports, taxes, dashboards, integration, banking, sales, expenses, employees, apps, tools, and accounting.
3. Strong reports and correct numbers
QuickBooks has provided businesses and organizations with many tools to maintain accuracy. Some of them are:
- Reminders for Invoices
- Automated Data Fill up with Report Frameworks
- Chart of accounts ― Company Balances & Accounts in a lost form.
- Encourages invoicing and allows direct payments from consumers.
Also, QuickBooks provides a broad range of reports that include:
- Account list
- Reconciliation reports
- Balance sheet
- General ledger
- Journal
- Recurring template list
- Profit and loss
- Balance sheet comparison
- Recent automatic transactions
- Trial Balance
Also, users can generate management reports that come with three pre-made templates (company overview, sales performance, and expenses performance) accompanied by customized reports.
As you see, these were some of the features that businesses should take into consideration and use QuickBooks as their primary accounting software. Apps4Rent provides services to the education sector such as Microsoft 365 Education with great end-user support.
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