This Covid-19 Pandemic situation has taught us to work from home. All the businesses have been shut down. Most of them are working from home. It is obvious that due to the present condition, all the small and large businesses have to lay off their employees.
When it comes to managing business accounts, entrepreneurs and business owners are a little bit worried. The only question that strikes their mind is who will manage their accounts if they lay off their employees from accounting department.
We are here with the best online accounting software for 2020. It is a trusted online accounting software by millions of people around the world. It is none other than Quickbooks by intuit.
But before we get into this, we would like to inform you that I am not telling you to lay off your employees. But if the situation happens what you will do?
Think for a while. There are so many accounting firms. If they lay off their employees might affect while maintaining their clients. The problem can be solved by using online accounting software. It can save your money.
As a small business owner, you will not need so many accountants. So what will the accountants do then? They can start their own firm. Quickbooks has so many training programs that can help accountants to open their own firm.
Here, you will learn about its features, pricing, etc.
Quickbooks – an overviewQuickBooks Online Edition – Free Trial
Quickbooks is an accounting software, where a lot of business owners use it to track their business financial status. It is a cloud-based software. Quickbooks is a perfect choice for small and medium-sized businesses.
They have a global website and a website only for the United States. They are providing some services only in the US right now. But soon they will be available globally.
When we look for a product, we always look for the features first. If a customer is satisfied with the features, he or she is around 80% convinced and will definitely buy this product.
Quickbooks online has numerous features that will attract its customers. That is why they have more than 7 million customers worldwide.
Once you purchase the product, you will get all the desired features that you will be looking for.
Job Costing feature will help you to save time, increase your productivity. It will also help you to track your revenue and expenses.
Job costing is basically a process of calculating all the different costs of your project. It will help you to find out the profit and loss of your business.
Inventory management is important in every business. If you are not aware of your stocks, your business reputation can be hampered. So, it is important to monitor how much products you have and how much you have already sold.
It is a good news that Quickbooks online has a built-in inventory tracking system. The inventory tracking system is a process that helps you to track your sales, purchase, and payments related to your goods, raw materials, and finished products.
If you are using Quickbooks, you can track your inventory in real-time. It means you will have a clear idea about your stocks. Quickbooks Online inventory tracking system will notify you Whenever you have limited products on your stock.
However, this tool will automatically generate a report on a monthly basis. It will help you to be aware of your total sales, taxes, etc.
It happens to everyone that we forget to pay our bills on due dates, and we had to pay late interest fees. This late fee is nothing but a waste of money.
As a business owner, we have so many things to do and we often forget the due dates. From now on, it will not happen anymore.
If you are using Quickbooks online, it will show you all your payment list on its dashboard. That will help you to pay the bills on time.
Not only that, it will also keep all the payment records. It means you can check and match it with the vendor’s receipt any time you want.
If you want to be successful in your business, you have to keep a bird’s eye view on your earning and spending. When you keep observing your cash flow on a daily basis, it will help you to reduce costs.
Quickbooks online has a default tool that will help you to do that. It will generate reports on your expenses and earning. It will help you to find out unnecessary costs and minimize it.
However, This tool will help you to pay your taxes.
Quickbooks online has a built-in Report tool. It will help you to monitor your cash flow. This reporting tool will have a great impact on your business performance.
Quickbooks’ reporting tool will automatically generate professional reports and financial statements so that you can take better decisions for your business.
All the reports and statements will be in real-time. So you will get to know what is cooking? The statements look professional. So you can send it to your investors for further business growth.
Now you can send professional invoices through Quickbooks. You don’t need to hire a designer for your business. When you sign up for Quickbooks online, you have to associate your bank accounts with it.
As soon as you are done with it, you can receive your payments via Quickbooks invoice and the money will be directly deposited to your account.
3 reasons why Quickbooks is Popular
As an accountant, you need to manage so many accounts of different customers. If you are working on spreadsheets, it consumes a lot of time. Right?
So, dear accountants, it is high time to switch into Quickbooks. Quickbooks is quite popular globally among the accountants. So far, they have more than seven million customers worldwide.
Here is why?
Practice and Grow
As an accountant, you need to practice what you are doing. With Quickbooks, you can practice, learn from the resources, and grow your firm.
Quickbooks has a proAdvisor program where you can list your firm as soon as you are Quickbooks certified.
Don’t miss the deadlines
In every business, the deadline is important. If you are using Quickbooks, it will show you all the project deadlines on your dashboard. So that you will be able to finish your tasks and deliver them on time.
Quickbooks online is a cloud-based accounting tool. It enables you to access your client’s information anytime you want. You can even use your smartphones to access information.
You just need to download the app from google play store or app store. So, it means you have control of your schedules. You can work anytime you want to do.
Let’s make it simple!
First of all, as a small business owner, you will not have enough investments. So, you cannot hire a designer, an accountant for your business. It will not be right to hire freelancers for doing this job.
All these things are costly. What you can do is to try Quickbooks online for your small business. The price is really affordable and it will manage your accounts and design invoices and generate reports too. It would be an all in one package for you.
Quickbooks online global has three different pricing plans. All of them have come up with the core features.
If you are a citizen of the United States they have four different plans for their users and some other benefits too. They are working hard to provide those features globally.
Quickbooks’ Pricing starts from $7.50/month to $15.50/month. All of these plans are specially designed for small and medium-sized businesses. You can choose any of them based on your requirements.
Nowadays, Quickbooks is dominating the accounting software industry. It is one of the top choices of 2020. The Reason Why it is popular among the accountants because it saves a lot of time and energy.
Not only that, it helps them to grow. Quickbooks online has a resource center where they can learn so many things.
If you are an accountant, or if you have an accounting firm, or whatever small or medium-sized business you have, you can choose Quickbooks online for your business.
You can avail of their one-month free trial. If you don’t like it you can cancel anytime. Feel free to share your experiences of using Quickbooks with us. We would love to hear from you.