9 Advantages To Using QuickBooks

9 Advantages To Using QuickBooks

QuickBooks is the world’s biggest selling accounting software. The platform has over 42 million users throughout the globe and offers the most comprehensive audit trail out there.

Probably its biggest plus is that you don’t have to have any prior knowledge of accounting before signing up. QuickBooks is an easy-to-use software that will have you super efficient with your bookkeeping in no time! You also don’t need to be a mathematician or an expert with spreadsheets as QuickBooks calculates all sums automatically.

Products on offer include QuickBooks Desktop, QuickBooks Cloud, QuickBooks Online, Quick Payroll and EasyBIZCONNECT. Within this offering, you are bound to find one that suits your business down to the ground. Below are nine advantages to using QuickBooks to help you make your decision.

1. More Time

Using QuickBooks ensures you will have more time to focus on the business activities you do best or, what’s more, to relax with your loved ones. While you do, QuickBooks will take care of all of your bookkeeping and paperwork needs including invoicing, payments, and creating VAT returns.

2. More Visibility

Due to the fact that many of the accounting tasks which QuickBooks handles is done automatically, the reports are always up to date. This means that you are able to generate a current business report within minutes without having to wait until the end of the month to find out where your business stands. Furthermore, the reports are customizable, allowing you to include filters if necessary.

3. More Money

QuickBooks is one of the most affordable accountant software programs around. And, this is true no matter what the size of your business is. So, if you have just started your private practice or are in the process of expanding to a group practice, QuickBooks can accommodate you!

4. More Growth

If you do decide to sign up for QuickBooks in the first few months of starting your practice, and then in a few years wish to expand to a group practice, QuickBooks can assist you with that as well! The software provides all the required paperwork to apply for a business loan or line of credit. They also offer the following in a format that has been approved by the U.S Small Business Administration: projected balance sheet, profit and loss statement, and statement of cash flow.

5. More Clients

QuickBooks Online is able to sustain up to 14 500 name entries. That includes your clients, suppliers, and employees. Whether you are a private practice that has been established for years, or one that is just starting out, I doubt that you will reach this limit anytime soon!

6. More Users

If, for some reason, you require that multiple users be able to login to your accounting software, QuickBooks offers this facility. This comes in the form of QuickBooks Online Plus which offers a maximum of five custom users and two accountant users. You can also customize the access each user has. Furthermore, QuickBooks Enterprise Solutions offers access to up to 30 users.

7. More Trust

QuickBooks has been around since the early 1990’s and therefore has had enough time to prove that they are a trusted entity. Moreover, their software is stable and reliable and you are offered 24/7, quality support.

8. More Integration

True to the culture of the online world, QuickBooks is able to integrate with over 100 other business apps. This is so that you don’t have to manually move over information which makes for a faster, more efficient process. Popular programs included in the integration list include Microsoft Excel, Word, Outlook and ACT.

9. More Payment Options

Finally, QuickBooks is more than just an accounting software, it is able to facilitate online payments as well. This can be done via an email, invoice, or statement. QuickBooks Online Billing allows your clients to make payments via credit card or EFT. The QuickBooks Merchant Account Service deals especially with credit cards and ensures that your clients can make use of either Visa, MasterCard, or American Express. You can even set up your current bank account with QuickBooks and can download a monthly statement from a participating bank.

 

Samantha Carvalho is the Chief Marketing Officer of Practice of the Practice. She lives in Cape Town, South Africa, with her husband and kitten. Over and above Practice of the Practice, she is passionate about women empowerment, fashion, and animals.

Click here to outsource your marketing or contact Sam at sam@practiceofthepractice.com.

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