Most Popular Accounting Software for Small Business
Millions of businesses around the world rely on QuickBooks accounting software. In addition, small and medium-sized businesses use this accounting software support for streamlining their bookkeeping process. So, let’s see who invented QuickBooks, when was QuickBooks first released and when was QuickBooks founded, and what makes this accounting software so popular.
QuickBooks- A Popular Accounting Software for Small and Medium Businesses
QuickBooks, an accounting software, is developed and marketed by Intuit. Scott Cook and Tom Proulx founded it in the year 1983. Initially, Intuit launched Quicken software as a personal financial management tool. After its huge success, the company launched QuickBooks to help small and medium businesses in managing their financial statements.
This comprehensive accounting software offers rich accounting features. This accounting software puts businesses in control of their finances and saves them time in managing their accounts. This robust and valuable accounting software enables organizations to organize their financials, from tracking simple income and expenses to cash flow management and reporting.
QuickBooks accounting software offers features such as automatic sales receipts, scheduled invoices, split transactions, and location and class categories.
QuickBooks simple navigation and user-friendly interface make it a popular choice for small and medium businesses. In addition, it makes it much easier for companies to track, manage and report the accounting functions. So now, let’s see what benefits it offers to businesses that make it so popular amongst companies.
Benefits Of Using QuickBooks
The simple interface and ease of use are what make QuickBooks accounting software stand apart from other accounting software. It offers comprehensive financial management and reporting features and allows businesses to handle all their financial needs efficiently. Below mentioned are the benefits of QuickBooks Accounting Software that make it so popular:
With insights, businesses can make informed decisions. With QuickBooks Enterprise Desktop get access to profit and loss statements, balance sheets, cash flow statements, and other financial reports. Companies can leverage this data to make better decisions.
Organize With Ease
QuickBooks enables businesses to track and organize their finances, and hence companies are not required to enter information manually. Instead, QuickBooks automate tasks like bookkeeping, invoicing, payments, time tracking, and more.
QuickBooks uses advanced and industry-recognized security measures to protect and keep companies’ data private. QuickBooks provides multi-factor protection, password-protected login, state-of-the-art encryption technology, and firewall-protected servers. It also automatically takes backup of your data. Moreover, QuickBooks has guidelines and practices to protect all your private information and gives you complete control over who accesses your financial data and what and how much they see.
With QuickBooks software, businesses can easily track their finances and streamline the accounting process. It enables companies to manage their inventory, payroll, customer reimbursements, payments, and much more. In addition, with QuickBooks importing feature, companies can quickly transfer data.
It enables organizations to manage every aspect of their accounting process. It includes cash management, payroll management, invoice generation, vendor tracking, inventory control, tax preparation, and more. In addition, QuickBooks lets you generate over 50 reports from the app that can be customized according to your business needs. From tracking inventory to generating tax preparation reports, it offers every functionality.
Eliminates Paper and Manual Data Entry
QuickBooks enables businesses to manage receipts in a paperless way with its automatic online receipt and invoice production, accept debit/credit charges, deposit cheques into the software. It lets businesses automatically produce receipts and invoices at a click of a button and email those. In addition, they can receive debit/credit charges and scan and deposit cheques straight away into QuickBooks and eliminating the need for paper receipts or manually entering data.
It has a highly user-friendly interface that is simple and easy to use. The interface is easily navigable, has simple language, and comes with various tutorial videos and virtual orientation. The interface is so simple that business owners with limited accounting knowledge can also use it with ease.
Check New Features in QuickBooks Tool Hub 2021
The robust accounting software from QuickBooks provides businesses with the right tools and features to manage their accounting functions. As a result, QuickBooks enables enterprises to improve their efficiency, save costs and time. With this software package, companies can manage, track and report their accounting functions with much ease. This simple accounting software offers companies comprehensive financial management and reporting features and thus is so popular among small and medium-sized businesses.