Monday, 12 October 2015

Why Choose QuickBooks for Your Small Business?

Intuit QuickBooks (QB) is a well-known accounting program that helps businesses and individuals to manage their finances. An accounting program can help enterprises play a greater role in managing its financial performance while ensuring that all transactions have been accounted for in an efficient manner.

A large number of small and medium enterprises (SMEs) prefer QuickBooks over other accounting solutions available in the market. If you're considering an accounting program for your business needs,
QuickBooks should be your top choice. Let us take a closer look at the advantages provided by this market leader.

What Makes QuickBooks Superior?

There are a number of factors that have led to Intuit dominating the small business accounting market with their product. Some of noteworthy ones are:
  • Effortless Setup ProcessQB is very easy to set up and install. The software includes a wizard that guides users through the installation process. Additional steps are suggested when a user answers a set of questions. Once you set it up, you can very quickly sync business contacts from your email client or use Microsoft Excel. In addition, QB's online version can auto-download important financial transactions from business bank accounts for accurate performance tracking.

  • Excellent User Support – What makes QB stand out from its competitors is the amount of support enterprise users are presented with. For instance, if you are a new business just getting started with QuickBooks, you will benefit from the 'Interview' mode that can take you through the installation activity with the help of 21 simple steps that don't require more than a simple 'Yes' or 'No' answer. Also, when you first use QB, you can very quickly create your company's profile within the program and add transactions if needed. All these actions are streamlined, courtesy QB's user-friendly interface.

  • Efficiency Enhancing Features: QB has a lot to offer to SMEs. One of the attributes that enterprises will find very useful is being able to track expenses. There are a number of tools available within the program that aid in expense management. For instance, QB Pro lets you track pending vendor bills and even print checks directly from the program using your computer. Another advantage is being able to manage customers, vendors and employee data through a single application. Some organizations may also choose to integrate QB and other popular CRM systems like Microsoft Dynamics to further enhance business efficiency. Finally, businesses can save time as QB allows you to easily delete transaction history and all the data related to firms you're no longer dealing with. You do not need to erase individual entries one by one.

Potential Drawbacks?

QuickBooks is no doubt a great product for financial management. However, there are some aspects that you should consider before investing in it. With cloud based applications gaining importance, think about whether you need an on-premise system or an app that is hosted on the cloud? Fortunately, QB offers both. So, ultimately cost and other business factors come into the picture when choosing one QB product over the other. Additionally, QB is targeted at SMEs mainly. What happens when your business grows in size? If you are not using QB on premise and not on the cloud, your business may face a little trouble scaling up.

Despite the concerns expressed above, QuickBooks does remain to be favored by SMEs world-wide. The range of features offered, 60 day money back guarantee, 30 day free trial, community support and automatic data backup make QB a formidable competitor among all other industry players.

Choose QB if you want a fully customizable, reliable and robust enterprise solution to streamline financial management and accounting processes.

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