Accounting and Tax

Why QuickBooks Online Accountant Had Been So Popular Till Now?

By January 9, 2018 No Comments

Quickbooks Online Accountant

QuickBooks Online Accountant

For business owners, it is essential to keep an eye on the financial health of the business. There are different methods on how to keep track of your financial operations. The most vital part of a company is how you manage your profit and expenses. And today, Quickbooks online accountant has been popular to small businesses.

What is Quickbooks?

Quickbooks is an accounting software that was developed by Intuit to allow small to medium businesses use an accounting system online. Its main purpose is to help small businesses monitor their financial affairs and operations.

The DOS version was the initial release of Quickbooks that was based on the Quicken codebase. Quicken was developed for individual financial management. The Quicken software did not function as a “double-entry” accounting package. There are different codebase for windows and mac versions that was based on In-House Accountant. Quickbooks is very effective for small business owners who don’t have formal accounting training.

What does Quickbooks do?

It gives you an up to date and accurate summary of your finances by connecting your bank accounts and credit cards. It is popular for small businesses which it can help manage invoices, track their cash flows and pay their bills online. Here’s what Quickbooks can do to your business:

Handle Your Sales and Income

With Quickbooks, you can manage sales and income by creating customer invoices to track your sales. It can help you track your business profit and enables you to review your accounts receivable.

Track Your Bills and Expenses

You can track your bills and expenses easily with Quickbooks. By connecting your bank accounts and credit cards, your expenses are classified and can be downloaded online.

Run Payroll

Quickbooks will help you run and manage your payroll smoothly with no issues. With Quickbooks automated payroll function, your payroll run is always up-to-date and automatically calculates all payroll functions.

Track Inventory

You can check and update your inventories with Quickbooks. You can monitor your inventory transactions online and give a summary of all of your inventory reports.

Quickbooks also has product lines like Quickbooks online accountant, Quickbooks desktop, Quickbooks mac and Quickbooks self-employed. Any of these can help your business regarding your business financial functions and processes. Also here at New Wave, we can assess you with Quickbooks that will help you manage your business efficiently. Contact us at New Wave Accountants and Business Advisors now!

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