Advantages of Using QuickBooks

The main motive of a business is to make profits, and that is done by maintaining the debits and credits systematically and accurately. That’s where accounting software comes in.

While choosing the software, it is important to have a look at the product reviews, features, pricing, and their pros and cons. There is numerous accounting software available, but here we’ll discuss QuickBooks. It is the most widely used software among all the businesses.

What is QuickBooks?

QuickBooks is accounting software for both small and medium-sized businesses. It was developed by Intuit about 20 years ago. QuickBooks enables the user to have an overview of the purchases, sales, expenses, and even payroll in one spot which makes it easy to manage.

QuickBooks offers a total of five plans which are Simple Start, Essentials, Plus, Advanced, and Self-Employed. Each of their plans provides mobile access, dashboarding and reporting, automated backups, accountant access, data protection, and round-the-clock support.

Now that you know about QuickBooks, let’s have a look at the advantages of QuickBooks.

Integrated financial management

QuickBooks is widely known for its third-party integrations. This makes financial management simplified. Some third-party integrations supported by QuickBooks are:

  • Expenses management: Expensify, Bank Receipt, Automated Entry
  • Invoice and Billing: Chaser, Quotient
  • Time tracker: TSheets
  • eCommerce: Shopify
  • Advanced reporting: Spotlight Reporting, Draftworx, Fathom.
  • Inventory management: SOS inventory

Undisrupted Access

QuickBooks can be accessed easily from anywhere using your tablet or mobile phone. Mobile phones can be used to log expenses, transactions and send reports. Sending an invoice to the clients on the go has never been easier. All the data is synchronized from all the user devices and is automatically backed up on the cloud when using QuickBooks Desktop Cloud Hosting.

Credible reports and accurate numbers

To maintain the accuracy and eliminate any accounting errors, QuickBooks provides businesses with:

  • Invoice notices
  • Report frameworks that provide automatic data logging.
  • Chart of accounts ― List of the business’s accounts and balances
  • Invoicing and Payment Support.

Also, QuickBooks provides a wide range of reports including:

  • Balance sheet comparison
  • Balance sheet
  • General ledger
  • Profit and loss
  • Reconciliation reports
  • Trial balance and much more.

Three pre-made templates (company overview, sales performance, and expenses performance) including custom reports option is provided to make reporting easier.

Also read: Important considerations when using a document management system

Usability

QuickBooks is a user-friendly application. It is intuitive and easy to navigate which makes it simpler for the end-user to use it with ease. Users can also use their Desktop as a Service to host QuickBooks.

Right after logging in the user is taken to a dashboard that outlines all the important data such as profit and loss, expenses, bank accounts, invoices, sales, and tips. Users can easily access pages such as banking, sales, expenses, employees, reports, taxes, accounting, apps, tools, and dashboards with a menu provided on the left of the screen.

As you can see, there are many advantages of using Your Accounting Software. Apps4Rent provides reliable services for products like QuickBooks with 24/7 support and maintenance. Not just QuickBooks, they also provide other services like Exchange Mailbox Migration with reliable end-user support.

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