Quickbooks is popular accounting software that majorly helps small businesses to manage income and expenses and maintain the financial strength of their business.
Quickbooks is multi-purpose software that also helps in sending a bill for the goods or services availed by the customers, duly payment of bills, generation of reports in time and preparing taxes as well. The wide range of products offered by QuickBooks provides a variety of solutions to anyone, from a freelancer to a midsized business.
QuickBooks – An Overview
QuickBooks Online has been a rising star with about 2.2 million users. It was first introduced in 1983 and has gone through certain alterations after that including several significant changes and advancements to keep pace with the current needs.
QuickBooks software has a bunch to offer. Apart from a small list of drawbacks, the accounting software has several reasons why it is chosen by a number of users. It offers a wide range of features such as inventory capabilities, multiple currencies, and over 650 integrations.
There is a traditional QuickBooks Desktop that offers several features that helps the user with automatic sales receipts, scheduled invoices, split transactions, and much more. Despite a little navigational difficulty, the program is far easier to learn.
Some of the tasks you can perform using QuickBooks are,
- Draft invoices.
- Track Expenses.
- Bank reconciliation.
- Download and reconcile credit card transactions.
- Organize weekly timesheets.
- Track bank deposits.
- Customize and personalize templates for invoices, bills, and reports along with a logo.
- Create financial reports.
Features of QuickBooks
Easy to Learn
QuickBooks Online is preferred by the accountants and the non-accountants as well, as it is easy to learn and use rather than the desktop version. The UI is beautifully designed and the built-in help button eases to discover anything you are looking for or solve any issue that might arise. QuickBooks is preferably used by small business owners to carry out a variety of operations.
This fascinating and attractive feature allows no extra storage for downloads or installation. Being a cloud-based software, QuickBooks Online operates with almost all internet browsers as long as there is an internet connection.
QuickBooks Online comprises the best full-featured accounting software options.
There has been observed a hike in the number of integrations i.e. from 280 to over 650 including 25 other variety of payment processing options. Application Programming Interface is also available for developers.
QuickBooks Online offers a secured online session as it uses 128-bit SSL encryption and multi-factor authentication. It also comprises physical safeguards which have been implemented at the Tier 4 data center. Periodic testing as per routine also ensures security.
The customer service is unbelievably helpful in nature and give their best to resolve the issue right away. The support staff are still working to improve and cope with the long wait times. They are also focusing on the redesigning of the help center, and have added new in-software support options.
Various QuickBooks Online support services include:
- In-Software Help
- Help Center
- QuickBooks Training
- QuickBooks Blog
- Social Media
Pros and Cons of QuickBooks
- Easy to use.
- Advanced invoicing features.
- Excellent customer service.
- No credit card is required.
- Service can be cancelled anytime.
- Can be difficult to navigate for new users.
- Semi-steep learning curve.
Pricing of QuickBooks
QuickBooks has only 1 plan, for small businesses which is priced at ₹1000/month or ₹529/month if you sign up for 3 months. It can help you manage your budget, and track projects, expenses, income and inventory. You can also send custom invoices and quotes to your clients.
There are numerous reasons to choose Quick Books for the fulfilment of business needs due to the number of benefits that it offers. It is a great tool for accountants startups or small businesses that needs help in accounting. It is widely used by freelancers in industries like retail, legal, and construction.
Is it worth using QuickBooks?
Yes, QuickBooks is one of the best online accounting software suited for small and medium businesses.
Is QuickBooks easy to learn?
Yes, QuickBooks is easy to learn and use which is one of the major reasons it is used by small businesses.