QuickBooks accounting software is one of the best accounting software for small and midsize business customers. The software is mainly design for Business purposes. By using this cloud-Based software we can manage business payments, manage and pay bills, payroll function. As well as prepare for the quarterly and annual business taxes. You can discuss this topic to a QuickBooks ProAdvisor at our toll-free service QuickBooks Support number +1-844-519-0042 if you have no time for reading it all.
QuickBooks accounting software is developed by Intuit in the Microsoft Windows operating system, which is present with 30 days trial period for user understanding, after that, you can buy a paid version of this accounting software, which is easily available on the website of Intuit with QuickBooks version comparability.
Feature of QuickBooks accounting software
QuickBooks provides multiple benefits and is helpful for keep tracking all basic transactions like sales receipts, checks, and invoices. QuickBooks makes easy all BookKeeping of your business-related issues. Here some Basic Feature of QuickBooks online.
Manage Sales and Income
By using this Accounting Software you will manage your sales and income by creating invoices to track sales by customer. You will also check the receivable balance by reviewing your Accounts Receivable Aging Report, which includes the details of both current and past due invoices.
Keep Track Of Bills And Payments
function in QuickBooks to track your bills and expenses by connecting your bank and credit card. So with the help of this function, you can download and categorized all transaction details. Also, you can record it a few minutes with the help of QuickBooks.
QuickBooks also provides you to pay your bills if they are due. You make sure that you have to pay your bills on time by creating an Account Payable Reports in a few minutes.
Reporting Of Business
With QuickBooks, you can manage inflow and outflow of your business, you can access serval report that provides valuable insight into your business. All the reports are run in a single click because reports are pre-built in QuickBooks.
There are three main reports on which your business health is dependent.
- Profit and loss report
- Balance sheet report
- Statement of cash flow
Payroll is an area where no one wants to do any mistake related to the calculation. That kind of mistake makes penalties and unhappy employees, But with the help of QuickBooks payroll function that can automatically calculate and run payroll as often, you need it.
The best thing about QuickBooks payroll, it can integrate with QuickBooks. So your financial statements are always up to date as of the latest payroll run.
If you want to track your inventory based on your sale, QuickBooks will automatically track and update this for you as you enter transactions. With the help of QuickBooks several reports, we can manage inventory.
We all are very familiar with the tax process. At the end of the financial year that is a very challenging task for businessmen to collect and submit all the receipts. But With the help of QuickBooks, we can easily manage our tax or return process.
With the help of QuickBooks online, we can manage our business accounting and taxes.
Here we can create user-id which is password protected to access our QuickBooks data. And also pull the information they need for returns.
Accept Online Payments
With the help of Intuit Payment Feature, customers can pay their invoice by any major credit card or bank account information which is ACH authorized.
There is no monthly charge for using intuit payment, the charge is based on the transaction.
With the help of QuickBooks accounting software, we can easily manage our all receipts. All QuickBooks Online subscribers can download the QuickBooks app to there mobile for free. Here they can take a picture of receipts and upload it on QuickBooks Online.
Stay up to date, anytime anywhere
Powerful invoicing feature such as invoice tracking, payment reminders is at your fingertips. And you can also access dozens of reports & manage your expenses. All power packed in one solution – QuickBooks. And you can easily access QuickBooks from your mobile on your business go.
Price of QuickBooks
QuickBooks are available in various versions, including QuickBooks Online, QuickBooks Desktop, QuickBooks Self-Employed, and QuickBooks Mac.
Each of these versions gives you a variety of features, that start at a monthly fee of $10 or a one-time fee between $299 and $1,500.
Use Of QuickBooks
QuickBooks designed for accounting solutions for small and mid-level businesses. QuickBooks helps run payroll, tracking income and expenses reports, and putting together.
Intuit QuickBooks can manage sales to your customers and track inventory
One of the best features of QuickBooks Online is a cloud-based product that does not require software installation. QuickBooks online product is available in three subscription levels “Simple start, Essential, plus ”. This is very useful for any Service-Based Business. Because of QuickBooks online does not require any complicated invoice.
Intuit Quickbooks Desktop comes with three versions “Pro, premier, and Enterprise”. And all of these three versions of QuickBooks Desktop require software installation in your system.
- QuickBooks comes with a different feature as per client requirement like pro version used for small business that does not manufacture the product.
- QuickBooks Premier version used for manufacturing, retail, contractor, or non-profit.
- Enterprise version used for large scale business.
This version of QuickBooks accounting software is ideal for freelancers and real estate. The version is also cloud-based means no requirement of software installation. You can also access it from any computer with an internet connection and with your secure login id.
This version comes with some unique feature that is not available in QuickBooks Online and Desktop. As you can transfer data to Turbo Tax and track your expenses.
QuickBooks Mac is a desktop version that helps to mac users. And if you have a mac computer then you have to go with QuickBooks Mac. The product as similar to QuickBooks pro used for small businesses.
Advantage of QuickBooks Accounting software
QuickBooks is a customer-oriented software and easy to use. The design of this software is very easy to understand. If your business account department is not big, this software is easy to use by many people.
It will help you to manage your taxes easily. By using this software you will not have to worry whether your tax report made correctly and on time.
By intuit, there are always done some basic improvements which are helpful to run your business. And also, all your business is cover easily. QuickBooks has there own tools and they will help you to increase your efficiency.
QB always keep your financial data safe and secure, you will never lose any data by using this software. QuickBooks always focused on small business, they can grow better and earn profit by using this software.
QuickBooks Accounting software Pros
One of the best parts of QuickBooks Accounting software is how simple it is to use. Many of the users gave us a positive report, they found that it is really quite simple to get started and even to add information to the system. The dashboard panel is really user friendly. You can easily find the features from the side menu it has. Accessing the settings of your account became easy from the gear icon that appears on the upper right corner of the screen.
From the dashboard panel, you are able to see an overview of your financial status, like expenses, dues and paid invoices, sales, profits and losses, and even the amount of your bank and credit card accounts. Basically it shows how smoothly your business is going according to your plan. Click on the icon to g through the graph of these reports to know in detail.
What do you want more than this, it provides totally free trials for 30 days. And guess what, there are no requirements for your credit card number or bank account number. Change the plan or upgrade it whenever you need it. Without spending even a penny, you can get 30 days trial of this amazing software.
Not even compatibility error you have to face because QuickBooks Accounting software provides proper access to allow outsiders accountant for the access of your system. This activity of software makes it easy to control the overall activity and manage the performance of your accounting and financial related work.
QuickBooks Accounting software Cons
If your organization is small to medium-sized then this software is well good for you but not in case you have a large organization. This software does not provide features for an organization having a large number of works for it.
Lack of professional support is quite obvious but this disadvantage can serve a great number of discontinuous in your business. That will create obviously a bad impact on your business no matter it is important or not. Well, we suggest you go for the right solution according to your need and requirements.
In case inventory management is the priority of your business need then get ready for the failure because this software has an issue with managing inventory. Especially when the volume of order increases, it is important to have an appropriate inventory management tools or software. However, QuickBooks does not have so.
There are limitations with the number of teams using the software and file size too. Thsi can again lead to a great failure for the organization having great file sizes and the number of users. However, works well for the small to medium-sized organization.
Quickbooks helps you create and send professionals invoices online to your customer. And with its invoice feature, you can simply customize invoice templates according to your brand identity and email them to your customers. Save time in data entry and eliminate reuniting errors by downloading transactions from banks. This accounting software will learn your expense categories and classify your transactions.
By this software, you can easily manage all your customers and suppliers at one place, have access to accounting information anytime, anywhere and on any device, manage bills and invoices, and generate accounting and management reports to help you make key financial decisions with the help of trial balance, income statement, balance sheet, and cash flow statement.