Why Use QuickBooks for your Accounting Purposes

Why Use QuickBooks? Quickbooks is one of the most popular products of intuit 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 you’re billing process and business payments. Though it’s mostly used by medium, large and small businesses in the USA.

Why Use QuickBooks

Comparing Quick Books with Xero which another popular accounting 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 length of time to establish itself and make users dependent on its services.

Maintaining every record of financial transaction for taxes is a sure issue in front of every business. Quick books accounting tool can help you in getting control over the accounting activities by providing a variety of options that meet your needs.

More to why use Quick Books is that – it helps you handle bookkeeping, Accounts payable & receivable, Bank & credit card reconciliation, payroll accounting, Cost & management accounting, etc.

The baseline is – 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:

QuickBooks is the most popular accounting software that is trusted by thousands of small, medium and large-sized companies including ……. Its broad range of features and advanced interface allows us the user to perform all our business accounting needs efficiently. With Quick Books, 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– Quick books software contain tutorial to learn how to do various accounting tasks in Quick books making easy for new users to self-teach themselves without having to go anywhere in search of how to use the software.

Greater Compatibility – Data which 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 Quick Books. Perhaps you are using any of the listed software above and wondering what to do with your stored data if you are to switch to Quick Books, 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 directly be linked to your Quick Books as well. With sure safety of your bank details.

Easy Reporting – Users can easily create a variety of financial reports, including payable aging, accounts receivable, cash flow statement, balance sheet, and P&L statements.

Quick Customer Care Service – You can easily access the customers support group through e-mail or call.

9 Most Compelling and Useful Features of QuickBooks

  1. Cash Flow management

Quick Books organizes all the details and keeps all your financial information at one place, which makes it easy to generate the reports you need to manage your cash flow.

  1. Bills and Accounts Payable

By using ‘enter bills’ and ‘pay bills’ features in Quick Books you can pay your vendors on time. Paying your bills through Quick Books cuts down the unnecessary data entry work thereby improving the productivity in the accounts payable process.

Time Tracking – With Time Tracking utility you can measure employee productivity and monitor their check-in and out period.

  1. Transactions Management

Quick Books saves your 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 anytime. Quick Books can also be scheduled for the remainder of a re-transaction.

  1. 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.

  1. Check Printing

Printing checks in Quick Books is an excellent feature to keep net income updated whilst eliminating unnecessary data entry work.

  1. Online Payments

With the Intuit payment network services, you can allow your customers to pay your invoices easily.

  1. Email Invoices and Statements

One can set up all invoices and statements to be emailed directly from Quick Books. This helps lessen the amount of time required by your clients to pay you, which will increase the cash flow.

  1. Class Tracking

Quick Books class tracking is one of the most useful functions that enable you to track your data that is informative for your business.

  1. Web Apps

There are lots of additional apps, which actually work well with Quick Books and might prove helpful for your business. It is worth browsing for the apps that could benefit your business.

There are several version of Intuit product designed for every of your need – this include; QuickBooks Pro, QuickBooks Premier, QuickBooks Online, QuickBooks Enterprise, and QuickBooks Desktop.

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