Oct 22, 2016
Posted in QuickBooks
What drives more power into accounting operations? Definitely, an efficient and comprehensive accounting program, having a whole host of features, tools, and functions that can make critical business accounting as easy as a cakewalk. There have been umpteen accounting applications, having the multitude of features associated with them to make accounting easier than ever, but QuickBooks has been trumping the race time and again. The success of QuickBooks is not defined by the large audience across the world but the innovative tools and features that Intuit releases every year with new versions to add more versatility and functionalities to already mature accounting software. What are the other positive factors of QuickBooks that enabled Intuit to capture 85-90% of business accounting market?
The ordinary yet major force of QuickBooks has been identified as being highly suitable for small and mid-sized businesses. Surprisingly, it doesn’t require any formal accounting training to operate, enabling all hands to do required accounting jobs with absolute ease. Business owners make the most use of it by fetching the piece of information whenever they want and without any intervention from an accounting guy. The application is widely regarded for its full audit trail function and double entry accounting. It will be interesting to discuss some other potentials of QuickBooks application to small and mid-scale businesses as well as how QuickBooks has transformed basic accounting approaches to the current tech-savvy accounting practices.
QuickBooks is basically designed on the motif of 3 strong pillars, these are: Pro, Premium, and Enterprise, to hit the accounting market with clear goals for a different level of business aspirations. The distinct accounting patterns of QuickBooks helps businesses to decide the kind of package they need, reducing unwanted dilemma for what to go with. Furthermore, the pricing structure of all three editions makes it more lucrative for small and mid-sized businesses. What are the core accounting features that make QuickBooks as top accounting program?
There are many tasks that QuickBooks can’t do, and even if it does, they are inefficient. In such cases, add-ons of QuickBooks come to strengthen its power, giving additional wings to fly all over.
As a QuickBooks user, it is really important to know what are those major add-ons that can really help us to make our jobs more comfortable and efficient.
No, absolutely not. Critics have always been critical towards some of QuickBooks’ features, some claiming it to be inefficient while others viewed them as inadequate. QuickBooks was harshly criticized for its poor security controls, no audit trails, and non-conformity with traditional accounting standards, but Intuit made no delay in closing the loopholes. With repeated efforts, QuickBooks is able to be garner huge support, turning foes into friends.
If you are a CPA or an accountant with multiple clients located in different places, and you want to serve them all in a more manageable way, QuickBooks hosting is there for you. It will create a platform where you can have all the required applications, your data, and your client’s data. As a data owner, you will be able to see all of your clients but the clients will only be able to see their respective data. Know, what are other benefits?
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