Why use QuickBooks? Quickbooks is one of the most popular products of intuition used for accounting purposes. Popularly known as the most-used accounting software. Quickbooks offers desktop and online accounting applications as well as cloud-based accounting software. With QuickBooks, you can also do your billing process and business payments. Though it’s mostly used by medium, large, and small businesses in the USA,
Comparing Quick Books with Xero, which is another popular accounting software and most used for small, medium, and large businesses, One reason for the preference of Quick Books over Xero is that Quickbooks has been around since 2000, and Xero was launched in 2006 but didn’t get a US version until 2011. This gave Intuit a long time to establish itself and make users dependent on its services.
Maintaining every record of financial transactions for taxes is a sure issue for every business. Quickbooks accounting tools can help you get control over your accounting activities by providing a variety of options that meet your needs.
Another reason to use QuickBooks is that it helps you handle bookkeeping, accounts payable and receivable, bank and credit card reconciliation, payroll accounting, cost and management accounting, etc.
The baseline is that every business needs a well-credited and steady accountant to manage the account and business details with precision. It is at this point that Quick Books comes in, making all accounting tasks incredibly easy.
Here’s what a popular brand that used QuickBooks wrote:
Numerous small, medium, and large businesses trust QuickBooks, which is the most well-known accounting program. Its broad range of features and advanced interface allows us, the user, to perform all our business accounting needs efficiently. With QuickBooks, I easily track my income, record expenses, prepare financial statements, and assist in preparing tax returns, to mention but a few.
Benefits of using QuickBooks software
Easy and Quick Setup: Quick Books Software doesn’t require any professional computer skills to set up; the setup process is easy and quick with all the guides needed.
Easy to Learn: QuickBooks software contains tutorials to learn how to do various accounting tasks, making it easy for new users to self-teach themselves without having to go anywhere in search of how to use the software.
Greater Compatibility: Data that had been saved on other programs, such as Accounting Express, Microsoft Office, Peachtree, Quicken, Microsoft Excel, and many other previous versions of accounting software, can easily be imported to QuickBooks. Perhaps you are using any of the listed software above and wondering what to do with your stored data if you switch to QuickBooks. You don’t need to worry. Quick Books offers easy and quick data import.
Precise Secure Money Management: The software will allow you to enter payment information and due dates for all recurring bills. And bank accounts can be directly linked to your QuickBooks as well. With sure safety of your bank details.
Easy Reporting: Users can easily create a variety of financial reports, including payables, accounts receivable, cash flow statements, balance sheets, and P&L statements.
Quick Customer Care Service: You can easily access the customer’s support group through email or phone.
9 Most Compelling and Useful Features of QuickBooks
- Cash flow management
Quick Books organizes all the details and keeps all your financial information in one place, which makes it easy to generate the reports you need to manage your cash flow.
- Bills and accounts payable
By using the ‘enter bills’ and ‘pay bills’ features in QuickBooks, you can pay your vendors on time. Paying your bills through Quick Books cuts down on unnecessary data entry work, thereby improving productivity in the accounts payable process.
Time Tracking: With the Time Tracking utility, you can measure employee productivity and monitor their check-in and check-out periods.
- Transactions Management
Quick Books saves you time by “memorizing” the details of transactions that occur on a daily basis (checks, monthly bills, recurring invoices for clients). After a transaction is memorized, a copy can be created of it at any time. Quick Books can also be scheduled for the remainder of a retransaction.
- Account Reconciliation
Quick Books lets you reconcile your relevant accounts, i.e., bank accounts, credit cards, loans, lines of credit, and payroll liabilities, with less effort.
- Check Printing
Printing checks in Quick Books is an excellent feature to keep net income updated while eliminating unnecessary data entry work.
- Online Payments
With Intuit payment network services, you can allow your customers to pay your invoices easily.
- Email invoices and statements
One can set up all invoices and statements to be emailed directly from QuickBooks. This helps lessen the amount of time required by your clients to pay you, which will increase the cash flow.
- Class Tracking
Quick Books class tracking is one of the most useful functions that enables you to track your data, which is informative for your business.
- Web Apps
There are lots of additional apps that actually work well with QuickBooks and might prove helpful for your business. It is worth browsing for apps that could benefit your business.
There are several versions of the Intuit product designed for every need, including QuickBooks Pro, QuickBooks Premier, QuickBooks Online, QuickBooks Enterprise, and QuickBooks Desktop.