Quickbooks learning

QUICKBOOKS

INTRODUCTION:-QuickBooks is an accounting software package developed and marketed by Intuit.

QuickBooks products are geared mainly toward small and medium-sized businesses.

Quickbooks offer on-premises accounting applications as well as cloud based versions that accept business payments, manage and pay bills, and payroll functions.

HISTORY:-

Quickbooks is an accounting software.Intuit was founded in 1983 by Scott cook and Tom proulx in Mountain view,California and USA.

 After the success of Quicken for individual financial management, the company developed similar services for small business owners.

In 2000 the intuit had developed the basic and pro version of this software.

In 2002 intuit launched the "Quickbooks Enterprise Solution" for medium sized business.

In 2003 the intuit started offering  industry specific version with work flow process.

In September 2005, QuickBooks had 74% of the market in the US.

A June 19, 2008 Intuit Press Release said that as of March 2008 QuickBooks share of retail units in the business accounting category reached 94.2 percent.

On September 22, 2014, Intuit announced the release of QuickBooks 2015 with features.

In September 2015, Intuit released QuickBooks 2016 that contains several improvements to e existing ones and new features such as batch transaction, bill tracking, continuous feed label printer support, batch delete and void transactions etc.

In September 2016, Intuit released QuickBooks 2017 with several improvements like automated reports, smart search and improved viewing of report filters among other things.

REASONS WHY YOU SHOULD USE QUICKBOOKS:

Saving Time:-You save time on bookkeeping and paperwork because many of simple bookkeeping tasks are handled automatically making it easier to run your business.

 Reports:-You can easily generate the reports with the information you need, so you always know where your business stands.

Business planing:-Your business can grow with QuickBooks. QuickBooks will help you design a business plan to use when trying to secure a small business loan or line of credit or to plan for the future.

Business/Project statement:-QuickBooks will create a projected balance sheet, profit and loss statement and statement of cash flows in the format recommended by the U.S. Small Business Administration.

Online payments:-You will get paid faster with QuickBooks online payments. E-mail an invoice or statement and with QuickBooks Online Billing, your customer can easily pay you with a credit card or bank account transfer. No more waiting for the check in the mail

 Merchant account service:-You can easily accept Credit Cards. With QuickBooks Merchant Account Service, you can accept credit cards with ease. QuickBooks Merchant Account Service is the only credit card acceptance service integrated with QuickBooks software, which means you don't have to enter the same data twice. No additional software or hardware is required. Your customers can use Visa, MasterCard, or American Express.

ADVANTAGES OF QUICKBOOKS:-There are many advantages of quickbooks.

Small Business:-Small companies can grow bigger and earn good profit by using this Software.

Backup services:-Quickbooks has a great automated backup services,which keeps our financial data safe and secure.This software secure the our important information.

Integrated tool:-Quickbook has many integrated tools that will help u increase the efficiency.There are lots of helpful shortcuts as well as other working tools that make accounting easier. Users will save lots of time and their work performance will rise significantly by using this software.

Check signature:-If you sign a lot of checks for your business,using Quickbooks.Quickbooks can save lot of time.Quickbooks allows business owner to scan and upload signature and use those signatures to prepare the checks for the business.this automated process is much simpler and easier than writing hundreds of checks by hand each month.

Online payments:-You will get paid faster with QuickBooks online payments.

DISADVANTAGES OF QUICKBOOKS:-There are some advantages of quickbooks.

No fixed asset section:-Its depend upon how a client uses the softwareassets,another potential problem is that Quickbooks doesn't come with a fixed-asset section. Intuit, realizing the oversight, now provides a separate report for listing a company's fixed asset.

Upgrade Fees:-In order to keep the software up-to-date, there are a number of pricey upgrades that business owners may have to purchase. Typically, these updates are only required once a year in order to receive the most up-to-date payroll tables and other services.

CONCLUSION:-The conclusion of the quickbook is this software help in diffrent situation like online payment,bank online,paperwork and bookkeeping.This software saves the lot of time Quickbooks allows business owner to scan and upload signature and use those signatures to prepare the checks for the business.this automated process is much simpler and easier than writing hundreds of checks by hand each month.