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QuickBooksis anaccountingsoftware developed byIntuitfor small and mid-sized businesses.
What is QuickBooks?
Who Should Use QuickBooks?
QuickBooksis ideal for small and medium businesses needing anaccounting softwareapplication.
Who Shouldnt Use QuickBooks?
Freelancers and businesses that only need an invoicing feature will findQuickBooksoverwhelming.
Hence, it is not the right choice for them.
Apart from these,QuickBooksoffers other products likeQuickBooksPayments,QuickBooksOnline Advanced, andQuickBooksCommerce.
Here is a quick comparison table to give you an idea about product use case and starting price.
Comprehensive Financial Management
QuickBooksoffers a powerful suite for managing all financial needs.
Time-Saving Automation Feature
QuickBooksusers can free themselves from manual data entry using its automation features.
Users can integrate it with 750+ business tools to enhance their workflow and efficiency.
These allowQuickBooksto fetch data, connect sales channels, and automateaccountingtasks.
Scalability for Different Business Sizes
QuickBooksoffers multiple subscription plans suitable for different business sizes.
Hence, solopreneurs, SMBs, and startups can pick their suitable plans.
Many of its features are available as add-ons, so users can pay only if they need them.
It supports adding billable hours fromQuickBooksTime and Google Calendar.
Users can also set up recurring invoices in preferred intervals.
Accounting
QuickBooksis a completeaccountingsoftware for tracking expenses and managing invoices.
It offers charts ofaccountingfeatures for tracking assets and liabilities while categorizing transactions to automate thebookkeepingprocess.
Companies can set up rules to categorize recurring transactions and create custom tags for income and expense tracking.
QuickBooksalso provides users with an idea about project profitability.
It has advancedaccountingfeatures like managing fixed assets.QuickBookssupports multi-currency business in 155 currencies.
It connects with bank accounts to automate income and expense tracking.
Bill Management
QuickBooksenables organizing, tracking, and paying bills from one platform.
Its bills dashboard provides a one-glance look at what you owe and to whom.
Bank Reconciliation
QuickBooksusers can perform a bank account reconciliation to compare transactions with bank statements.
After the reconciliation,QuickBooksautomatically generates a reconciliation report.
Reporting
QuickBooksgenerates presentation-ready reports that users can customize to track business performance and make informed business decisions.
Moreover,QuickBooksallows the creation of new reports on invoices, sales, bills, expenses, etc.
All the related information is available in theSales TaxLiability Report.
Businesses can also get live tax expert assistance fromQuickBooksto help with tax filing.
Here are some moretax planning softwareto help you with tax liability calculation.
QuickBooks Advanced Features
QuickBookss advanced features includepayrollprocessing, time tracking, inventory tracking, and project management.
Payroll Processing
QuickBooksalso functions aspayroll softwarefor companies that need to utilize the feature.
It also supports filingpayrolltaxes.
QuickBooksalso syncs with theQuickBooksWorkforce app so employees can track their time and use that forpayroll.
It supports e-filing of 1099-MISC and 1099-NEC forms.
Inventory Tracking
QuickBooks inventory management system keeps businesses automatically up-to-date with available quantities.
Its inventory calculator ensures that users are not overstocking or understocking.
It warns companies with low stock alerts and converts the purchase order into the bill when the inventory arrives.
Users can access reports on best sellers, total sales, and taxes for on-demand inventory insights.
Businesses can sync this app withQuickBooksPayrollto save time or manually enter employee time into projects.
QuickBooksalso stores time activities, attachments, and transactions associated with each project.
QuickBooks Pricing and Plans
TheQuickBookspricing and plans are outlined below.
QuickBooks Customer Support
QuickBooksoffers technical support to its users.
However, It does not offer email support.
Here,accountingprofessionals can track all their work by accessing client files in real time.
It lets users communicate and share documents securely.
It also offers self-paced advisory training to become trusted advisors.
QuickBooksFor Accountants month-end review automatically identifies and resolves common bookkeeping issues so accountants can wrap up the book accurately.
It also helps them visualize and compare their clients business performance.
QuickBooks Ratings and Recognition
QuickBookshails high ratings from prominent software review websites.
QuickBooksis offering 50%OFF and a 30-days free trial.
