Last Updated on November 3, 2020 by Editorial Staff
Every businessmen know that, accounting is the strongest pillar to build a successful company in this competition era. So it is very important to give more time to manage the business accounting section smartly. And to do this work smartly, there is one and best option for you, and that is QuickBooks accounting software. Yes, this is the one, who can help you to manage your business. Here we have the article for QuickBooks accounting software, if you are interested to get the details of this software then, stay with us till the end of the article.
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QuickBooks accounting software is the best bookkeeping software that combines a variety of accounting processes into one user-friendly system. It is developed by Intuit and offers on-premises accounting applications and cloud-based versions. These applications accept business payments, manage and pay bills, and perform payroll functions. And have a lot of key features to manage the finance of the business.
We can say that QuickBooks is a set of software solutions that are designed to handle payroll, inventory, other needs of a small business. The third most commonly used language for developing on QuickBooks is PHP( Hypertext Preprocessor).
Now let’s go to the detail
Overview of QuickBooks Accounting Software
QuickBooks is developed, and marketed by Intuit in the year 1984. It is specially designed for all small, and mid-sized businesses, with all the key features to manage accounts.
QuickBooks Software: What is Used For
QuickBooks accounting software is broadly used by small businesses. It is used for everything whether it’s about payroll, tracking income or expenses in order to put together financial reporting packages. Along with this, QB automates time-consuming processes. One of the best examples is preparing bank reconciliations. For all the activities, you don’t have to be an accountant or bookkeeper to use it.
What Can you Do with QuickBooks Accounting Software
QuickBooks allows its users do a variety of activities in it. Some of the examples are given in the below:
- Create and send professional GST invoices
- Get ready to use GST reports
- Design and create professional quotations
- Track sales, invoices, supplier bills, and payments
- Track cash flows with P&L and balance sheet
- Import transactions automatically by using bank connect
- Create budgets and purchase orders
- Includes free updates and new features
- Import data from Excel spreadsheets
Popularity of QuickBooks Software
As we told you above, QuickBooks is the best accounting software all over the world, especially in the USA. Want to know how? Then read it:
Unless someone from Intuit wants to interrupt and give us current figures, there are a variety of methods to calculate the number of businesses using QuickBooks.Intuit claimed that QuickBooks software had 3.7 million users in mid-2008. They represented 94.2% of the business accounting market. A current Intuit webpage declares that this software holds an 85% retail market share in the entire small business accounting software.
The estimated SCORE says there were around 29.6 million small businesses in the US in 2009. The large population of the ones who do their books in-house has to use QuickBooks. Yes, it’s a huge market consisting of thousands of software developers in the Intuit Developer Network who are damn interested in reaching that install base. Now, how many users involved in cloud-based accounting solutions? Intuit claims that there are 215,000 users of its QuickBooks Online Edition showing a growth of 44% last year.
What Small Businesses Use QuickBooks for?
QuickBooks business is commonly used by small business owners so that they can manage their invoices, make bill payments, and keep track of their cash flows. Using this can enable them to generate month- and year-end financial reports. It can also help them to prepare for quarterly or annual business taxes.
Top 8 QuickBooks small business uses are mentioned as follows:
- Manage Sales and Income
- Keep Track of Bills and Expenses
- Gain Key Reporting Insights to Your Business
- Run Payroll
- Track Inventory
- Simplify Taxes
- Accept Online Payments
- Scan Receipts
An improved version of QuickBooks
QuickBooks Intuit has many new and improved features that can aid your clients to a great extent. They can now do more work with improved reliability. They may now have more experience in how to use QuickBooks software. Solutions by QuickBooks Enterprise will help you to receive inventory and fulfill their customer’s orders at high speed and with more accuracy.
Saves more time using new Inventory Reports filter
- You can do the inclusion and exclusion of inactive inventory items in inventory valuation reports easily.
- Confidence knowing your client’s up-to-date inventory.
Efficient workflow with a just 1-click credits transfer across customer jobs
- Your clients can easily transfer customer credits at a fast speed.
- No need for special accounting knowledge.
Increase your productivity using Multi-Monitor support 3
- Try to shape and manage your monitor setup according to your work style.
- Better working in different QuickBooks versions with the help of multi-monitor viewing.
Delete or void transactions at once
- Filter transactions thoroughly to find the right ones to delete or void.
- See the connection between the transactions before deleting them.
- Safeguard your data from any unwanted loss using an integrated backup.
Save your time with easier and faster search
- Instead of remembering the exact amount, search between a range of values to find a transaction.
- Locate accounts, items, and clients faster by just typing in a partial name only.
- QuickBooks has the excellent key features ‘Live Bookkeeping’, which allows you to get live bookkeeping support from an expert.
- You can clear your all doubts regarding bookkeeping like customized setup, ongoing bookkeeping, essential reports, and etc. by the experts who understand your business very well.
- Get benefits for the auto payroll key features.Pay your employees with powerful tools easily.
- Save time, get more money, and make your employees happy with the payroll feature.
- Manage expenses easily with QuickBooks.
- Track all the details of your all expenses of QuickBooks.
- QuickBooks allows its users to access any works remotely through the QuickBooks remote access.
- A QuickBooks user can access work from any where, and any time, from anywhere.
QuickBooks Products, and Plans:
|QuickBooks Products||QuickBooks Plans||QuickBooks Pricing|
|QuickBooks Online||QuickBooks Self-Employed|
QuickBooks Simple Start
|QuickBooks Desktop||QuickBooks Pro 2021|
QuickBooks Premier 2021
|QuickBooks Enterprise||QuickBooks Desktop Enterprise 2021/ QuickBooks Enterprise 21.0||$ 1213/yr|
We already had a discussion about the Intuit QuickBooks, its usage, features, and a lot of things about this. Hope you like it. At last, we just want to say that, QuickBooks accounting software is the best accounting software for finance management. You can get our Accountwizy expert support to get more details about the QuickBooks software. They will explain you in details.