Reasons of Employing QuickBooks Desktop for Your Business Needs
Every small and big sized business needs accounting so the owner can grow his business in measure and predictable manner. Earlier, accounting used to be a difficult task and it was handled manually by accountants or bookkeepers.
In 21st century, the picture of accounting has changed dramatically because of innovative solutions available to businesses. These accounting tools have made the process more sophisticated and easy-to-do.
QuickBooks is one of best tools used for accounting in various small and middle sized businesses. QuickBooks desktop in various versions is readily available to help businesses of different sizes and needs at the same time.
Using QuickBooks desktop can be highly supportive for a business’ financial growth. If you are a business-person, you should definitely know the advantages QuickBooks comprises-
Figure out the profits and loss
With QuickBooks, it is possible to figure out which part of your business generates profits and which does not. There is an option named “Classes” that helps you tracking income and expenses with its category of department, profit center, location.
This will help you preparing strategies to work on a particular field related to the business. Latest version ‘QuickBooks desktop 2017’ comprises wide-ranging elite features to simplify business complexities.
Due to all these features, businesses prefer QuickBooks over other alternatives. Reports say, QuickBooks alone covers almost 80-90% market share and help SMBs to develop benefits. Is not it amazing?
Prepares bills faster and help to get paid faster
Maintaining cash-flow is very important to run a business. QuickBooks helps you to measure where your business stands and what planning you needs to make it run efficiently. QuickBooks of all versions have one thing in common- the payment feature.
The software helps to get invoice either by email or by post mail to track the aging. So, there is no need to get time especially for the completion of invoicing. QuickBooks, with its automated functionality makes accounting a task of fewer finger tap.
QuickBooks wonderfully has helped in turning receivable to the cash as soon as possible. Besides, communication with vendors and distributors is essential.
Be informed about future financial problems
There is a huge difference between starting a business and growing a business. You cannot think of running the business, if you have no idea about what finances are doing. QuickBooks can help you in this area by giving you detailed information about finances and also the reporting for specific areas of concern. Company Snapshot is the technique to get an overview of financial trends so you can anticipate the problems and take action being getting in the crisis.
QuickBooks hosting services for better experience
QuickBooks cloud hosting services can help you reaping more benefits out of the software and you do not need to spend huge money on purchasing QuickBooks desktop server. With QuickBooks in cloud, you can save a ton of time by automating entire accounting process.
You do not need to spend time on preparing bills & invoice, downloading bank transactions, sending bills or checks, and preparing payrolls as QuickBooks’ hosting automate the process. All you need to do is touching the documents once and completing the process with just a few clicks.
Apart from these, creating business-friendly ecosystem, reducing paperwork, maintaining relationship, preparing for tax season are some of other benefits that increase role of QuickBooks in the world of accounting. This way, QuickBooks make right choice for you to run a business successfully and efficiently!
- Angeela is Techarex Networks' Content Marketing Associate for Intuit products. She has worked as an eCommerce and Marketing Strategist for the last five years, helping businesses with software implementation for Customer Service, CRM and Email Marketing. Angeela thrives in helping companies find the right software solution for their projects. Aside from his obvious passion for Marketing, Angella admits to being a foodie and travel enthusiast.