- It is Cloud Based
- Comes with advanced invoicing features
- Good tax reports
- More than 650+ integrations
- Built-in lending
- It is slightly expensive
- Occasionally unintuitive
- Average customer support
If you want the right business account software to run your business smoothly and protect yourself from any kind of financial loss, then this article is for you. It doesn’t matter what kind of business you have, you must use the best methods to organize your finances. The main problem is that accounting is not an easy task and even a single mistake can lead to huge financial losses. That’s why it is recommended to use accounting software like QuickBooks to manage the finances of your business.
QuickBooks is a very popular cloud-based accounting solution that helps businesses manage their expense invoices, projects, and many more things. This accounting software features a centralized dashboard that allows the business owners to get more information regarding the ongoing trends and the performance of organizations by using KPIs (key performance indicators).
With the help of QuickBooks, business managers can assign a task to the sales department team. It also lets administrators choose specific members and give them access to work with other team members. The users can also easily get the digital copies of receipts and filter the transactions on the basis of tax categories automatically. This helps in improving financial operations.
Apart from this, managers can use it to manage recurring payments and generate custom estimates. The best thing about QuickBooks is that it supports different third party applications. This makes it more useful and versatile. QuickBooks is one of the renowned accounting software and it was created by a company called Intuit.
The main objective to create QuickBooks was to provide business owners with a simpler and easier way to manage their finances. Since the beginning, it has been ruling the accounting industry and thousands upon thousands of people use it for accounting purposes.
This software was founded in 1983 and over the years it has become more advanced. Intuit keeps introducing new updates and features to make it more useful and this is the reason behind its huge reach all over the world. QuickBooks provides amazing functionality and control over customization.
It also has some very useful add-ons, which makes it a perfect accounting solution for all types of business owners. This software is known for its mobility and if you have some experience in the field of accounting, then it will make everything easier for you. After talking about the basic details regarding QuickBooks, it’s time to talk about its pricing.
QuickBooks is loaded with amazing features and it is a one-stop solution for all of your accounting needs. It comes with a very professional dashboard, which gives all details about expenses, P/L statements, bank accounts, along with many more things. It also has a help button and a search transaction button that helps you enable an artificial intelligence option that can assist you in different things. The sales overview features show you all the income over time and you can also get access to sales shortcuts.
QuickBooks provides six different templates and good automation. It gives you full control over customization and you can also add discounts, shipping charges, and invoice attachments. It also helps you create estimates and you can easily convert those into invoices. The expense tracking option lets you add expenses of individuals and you can also import bank statements manually.
If you choose the Essential or Plus plan, then you will be able to sort bills easily. It also provides a vendor dashboard that gives the stats of your total purchase orders, open bills, overdue bills, and recently paid bills.
Here are 6 amazing features and benefits you can expect from QuickBooks
- Customize Email Templates
- Track Bounced Checks
- Simplified Customer Forums
- See Key Reports In One Click
- Memorized Transactions
- Affordable pricing
QuickBooks used to offer three types of pricing plans but recently it has introduced a fourth pricing plan, which is specially made for large scale businesses that require advance support and reporting. One of the best things about QuickBooks is that it provides a 1-month free trial in which the users can try any of the plans they want.
To claim your free trial, you don’t need to put your credit card details or get involved in any contract. It’s a completely free trial that you can cancel anytime. QuickBooks has increased its prices but the good thing is that it provides many discount codes that will help you get a better deal.
As for the pricing plans, the first three packages are made for small scale businesses, which are Simple Start, Essentials, and Plus. The simple start plan comes at a price of $20/month and it includes tax deductions, receipt organizations, income tracking, invoices basic report, and sales tracking. The second plan is Essentials that comes at a price of $35/month and it includes all the features of the Simple Start plan along with some additional features like time tracking, bill management, multiple users, and time tracking.
The third one is the Plus tier that comes at a price of $60/month and it includes all the features on both the previous tiers along with project tracking, contractor management, and inventory tracking. The fourth tier is the Advance tier that comes at a price of $150/month and it includes all the other tier features along with some highly advanced features such as priority care, custom user permissions, 25 user support, and much more.
QuickBooks is a great software for all types of business owners. It comes with amazing features that make managing finances very easy. No matter what your needs are, QuickBooks can be used for different accounting purposes. The good thing about QuickBooks is that it provides various pricing packages, which gives you full freedom to choose one that fits your needs. It features a user-friendly dashboard that makes it easy to operate and understand. However, if you don’t have enough experience you may have to spend some extra time to learn all of its features properly.