Intuit has created Quickbooks to serve as accounting software that can be used by small-medium business owners to accurately track their financial status. It can also be used by their designated accountants and bookkeepers to help them fully understand how finances work. A lot of business owners prefer using Quickbooks online for the following reasons:
- Accessibility – Since the data is stored on a cloud, you can access it anytime and anywhere as long as you have an internet connection. You can use this on different gadgets like laptops, mobile devices, tablets, or your computer. With this, you or your accountant can work anywhere. There is no need for your accountant to ask for your bank records as all of them are automatically downloaded into the system as long as you connect your bank accounts in Quickbooks Online. You just have to give your accountant the access and login details for it.
- Support System – If you are a new user, and you don’t have much knowledge in accounting, don’t fret because Quickbooks offers support for all your questions. You can access https://quickbooks.intuit.com/learn-support/ for all your accounting concerns, or better yet, find an accountant that’s an expert in Quickbooks to help you.
- User-friendly – Quickbooks Online’s interface was made specifically to be easily understandable to everyone, even if you have no accounting background. The transactions are downloaded automatically from your banks, and they will try to categorize them based on your expenses and income. You can also edit the details if it is inaccurate. Computations are all automatic and reconciling your bank statements are easy, you just have to click on the right transactions and see if they balance. It also offers different features and a quick tutorial on how to use those.
- Data Security – Your bank transactions and details are stored in a cloud server, and the only people who can access that other than you, is your accountant or employee, to whom you have to grant them access.
- Automatic download of transactions – You don’t have to manually encode and keep track of your transactions as they are automatically downloaded from your bank account overnight. This way. It’s easier to monitor your money, and if there is any discrepancy or unknown transactions (for example, if someone is using your credit card without your knowledge) you can immediately take action.
- Easier Reports Generation – Running a business and monitoring your finances requires creating different reports. Whether it’s Reconciliation Reports, Balance Sheets, or even Payroll Billings Summary, Quickbooks has it all. You just need to click on the correct details and save. You can also download it as a soft copy or print it out if you want to.
- Different Plans for Different Features – There are different plans for Quickbooks online that you can choose from. It depends on the size of your company and the features that will be included. You can also choose if you want to pay it monthly or annually.
These are only a few of the advantages of using Quickbooks Online. If you are interested and have no idea how to start, our team is here to help you. Just message us or contact us through the phone ((561) 686-8666) or by email (Info@wpvcpa.com). You can also visit our website https://wpvcpa.com/ for more details on our services.
