QuickBooks is accounting software for small and medium-sized businesses developed by Intuit ― a US-based company ― nearly 20 years ago. QuickBooks allows you to look at and manage your purchases, sales, and expenses in one spot. Additionally, it helps businesses take care of payroll.
QuickBooks offers five plans: Simple Start, Essentials, Plus, Advanced, and Self-Employed. Each of their plans features mobile access, dashboarding and reporting, automatic backups, accountant access, data security, and unlimited support.
You can find more details on QuickBooks Enterprise plans, pricing, and features here. If you’re interested in accounts payable (AP) integration with QuickBooks, check out the guide on QuickBooks automation.
Now that you know what QuickBooks is all about, let’s talk about benefits of using it.
Integrated financial managementQuickBooks integrates well with a large number of third-party services which makes financial management easier. You can add apps for:
- Expenses management: Expencify, Receipt Bank, AutoEntry- Billing and Invoicing: Chaser, Quotient- Time tracking: TSheets- eCommerce: Shopify- Advanced reporting: Draftworx, Fathom, Spotlight Reporting- Inventory management: TradeGecko, SOS inventory- Periodic backup of your QuickBooks Cloud account
UsabilityOne of the top advantages of using QuickBooks is that it’s user-friendly, meaning you don’t have to be a financial expert to use it. QuickBooks is intuitive and easy to navigate, even for newbies.
Once a user logs in, the first thing they see is a dashboard which outlines the most critical data such as profit and loss, expenses, bank accounts, invoices, sales, and tips. In the left of the screen, there’s a menu from where users can access pages such as banking, sales, expenses, employees, reports, taxes, accounting, apps, tools, and dashboards.
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