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Why QuickBooks For Small Business
QuickBooks is an accounting software specially developed for small and medium-sized businesses. It is an exclusive product that was created by Intuit.Inc. Intuit.Inc. is a business and financial software company that develops and sells accounting and tax preparation software and similar related services for a small and medium-sized company. What does this product offer to the small and medium-scale industry? This product offers services such as on-premises accounting applications along with cloud-based versions that accept business payments, manage and payment of bills, and last but not least the payroll functions.
This online accounting software was designed in such a way that small-sized companies can work on their client’s accounts in real-time and harness powerful business insights. QuickBooks is a boon to small and medium-sized industries as it saves a lot of time and boosts their efficiency in producing better results thus increasing their productivity. This product was developed keeping in mind the small and medium-sized businesses and their clients as well. So now the question arises how it is beneficiary for the clients of those small and medium-sized businesses?
- QuickBooks helps in generating professional-looking invoices and estimates required in just a handful of time.
- This particular software helps in tracking and managing sales, bills paid, check & credit card payments, and all the other financial information in just one place. In short, it has the record of every single penny spent on one’s business.
- It generates a comprehensive report i.e. one can get a detailed report with more than 60 snapshots thus providing the insights to improve and make a better business decision.
- It has a provision to link QuickBooks to their bank account and automatically download all the transactions. This will help in reducing manual data entry work where there are chances of mistakes. Thus virtually eliminating the reconciling errors. It categorizes all the new transactions. It is highly secure thus providing all the transactions a good high-level security.
- This software allows users to access their accounts from different locations. It has a special feature where one is allowed to give their accountant access. It is totally up to them. They can specify permission levels to control what type of data they can see or modify them accordingly.
- QuickBooks offers access to the chartered accountant or an in-house bookkeeper so that the clients of these small-sized businesses can work on the books in real-time. So these clients won’t have to chase for the data and these small-sized business users won’t be chasing them for reports or insights. Thus maintaining a good and transparent relationship.
- This software comes with an inbuilt integrated payroll giving an effective way of managing the payroll from anywhere and anytime.
These features are provided by QuickBooks to the clients of those small and medium-sized businesses thus making their work easier to maintain and work with efficiency. As it is rightly said, a happy client results in the growth of business and an increase in productivity.
Frequently Asked Questions
What is QuickBooks and who is it designed for?
QuickBooks is an accounting software developed by Intuit Inc. specifically for small and medium-sized businesses to help with various financial tasks.
What services does QuickBooks offer to small and medium-sized businesses?
QuickBooks provides on-premises accounting applications and cloud-based versions to manage business payments, bills, payroll functions, and client accounts in real time.
How does QuickBooks benefit the clients of small and medium-sized businesses?
QuickBooks helps generate professional invoices, tracks financial information, provides detailed reports for business insights, automates bank transactions, and allows account access from different locations.
How does QuickBooks ensure security for financial transactions?
QuickBooks offers high-level security by allowing users to link their bank accounts securely, reducing manual data entry errors, and providing controlled permission levels for data access.
Can clients of small and medium-sized businesses access their accounts in real time using QuickBooks?
Yes, QuickBooks enables clients to access their accounts in real time and collaborate with accountants or bookkeepers to work on finances from anywhere and at any time.
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