As a business owner, you’d testify that managing your own business, albeit fulfilling, is grueling. That's why the role played by accounting software is very much appreciated by many business owners.
Knowing the right accounting software to use however is not a skill that comes easy to many. And that's exactly why a QuickBooks review might be just what you need.
Think about it; wouldn't you love to focus more on the job you love doing than on your accounting? To rake in more cash than to spend a chunk of your time manually tending to your accounting records? Who knows? One small mistake could unravel everything you've struggled to build.
That's why many business owners resort to using accounting software. This software is able to complete diverse accounting tasks with accuracy.
If you're currently scouring the market for accounting software, then this QuickBooks review might be what you're looking for.
Obviously, QuickBooks, like most accounting software is meant to make your life easier and gear your business towards success. However, is QuickBooks just the perfect software for you and your business?
QuickBooks is regarded as one of the most dominant accounting platforms in the accounting software marketplace, and rightly so. Launched over two decades ago by Intuit, QuickBooks has remained the flagship product for the company ever since.
Did you even know that QuickBooks – amongst small businesses that use accounting software – owns more than 80 percent of the market share?
Even for myriads of medium and large businesses, QuickBooks remains their favorite. Allowing yourself to scour through this QuickBooks review is definitely a step in the right direction.
QuickBooks has so many uses. You can use it to pay your bills, keep tabs on your cash inflows and outflows, or even link it with your bank account. That way, all your expenses are categorized automatically.
And it offers you the opportunity to receive online payments.
QuickBooks can also help you discover if you are making a profit or loss by running a profit and loss report in minutes.
Also, you always want to make sure that your employees are happy by avoiding errors that come with manually calculating paychecks. QuickBooks comes in handy by operating a payroll function that is very efficient.
Different product lines for different needs
Before delving into the features of this widely used financial management platform, note that QuickBooks comes in a number of different versions; any of which may appeal more to you depending on your peculiar needs as a business.
1. QuickBooks Online
If you manage a small to medium-sized business that focuses mainly on selling services, then this product line is just for you.
With QuickBooks Online, there is absolutely no need to install any software. All you need to do to access data from your computer or any computer for that matter, key in your login details, and you’re good to go.
The QuickBooks Online product is available at three levels of subscription. These include Simple Start, Essentials, and Plus.
2. QuickBooks Desktop
If you manage a small to medium-sized business with inventory needs that focuses primarily on selling products, then this product line is just what you need.
QuickBooks Desktop obliges you to have the software installed on your computer. QuickBooks Desktop is available in three versions. These include Pro, Premier, and Enterprise.
Pro is ideally your go-to if you are a small business that doesn’t manufacture the products you sell.
Premier is more best for those businesses in the manufacturing, retail, or nonprofit organizations. You should consider Enterprise if you are a large, well, enterprise.
3. QuickBooks Self-Employed
Just like the name suggests, this product line favors better if you do your own thing. Whether you are a real estate agent, freelancer, or Uber driver, your safest bet will be to ride along with QuickBooks Self-Employed.
QuickBooks Self-Employed is a bit similar to QuickBooks Online, as it's cloud-based. That means you can access the software from anywhere as long as you have access to the internet and can log in.
However, there are certain features that set this product line from its counterpart. For instance, with Self-Employed you can separate expenses of your business from your personal expenses.
Also, you have the luxury of transferring data to Turbo Tax as well as tracking miles.
4. QuickBooks Mac
If you manage a small to medium-sized business in any industry whatsoever but are a user of a Mac computer, then this product line is your answer.
QuickBooks Mac favors those business owners who own a Mac computer but frown on the idea of having to use QuickBooks Online.
It is, in many ways, similar to the QuickBooks Pro and so more suitable for you if your business doesn’t manufacture products.
QuickBooks comes with an avalanche of features. However, depending on the line of product you choose, features may vary. In this QuickBooks review, we examine key features that you are likely to come across regardless of whichever product line you settle for.
QuickBooks allows you to maintain proper records of whatever expenses you make so you are not found wanting during tax season.
What’s more? With the QuickBooks Online mobile app, you can capture and save receipt images and their descriptions.
If you're looking for a quick, straightforward way of creating sales forms that look as professional as they could ever be, then QuickBooks can help.
QuickBooks automatically keeps a record of whoever owes you money and the exact date payment is due so that your payment can be received right on time.
Again, to make sure that billing is delivered just when you need it to, QuickBooks can send your clients or customers recurring invoices via mail.
QuickBooks can even print out a hard-copy of an invoice for you to mail to your customers if you so wish.
Regardless of the time or wherever you may be in the world, this feature enables you to gain access to your account so you can manage your business.
Through this feature, you can stay organized at all times on your computer, tablet or mobile.
QuickBooks allows you to find out just how well or poorly your business is doing. That's available through the software’s dashboard, creation of a profit and loss report or balance sheet.
Also, depending on current trends, the software affords you the opportunity to construct custom reports. These will feed investors with just the ideal information they need to pump resources into your business.
QuickBooks allows you to keep track of bills you’ve sorted out via check or direct deposit. Again, if you have a recurring bill, this feature allows customization so that the bills are sorted as and when they arise.
Plus, you are at liberty to synchronize QuickBooks with third-party apps like Apple Pay so as to enjoy more flexibility when it comes to invoicing and payments.
You can allow your accountant to have access to the software so your records can be managed whenever from anywhere in the world.
One very unique thing about QuickBooks is that it keeps data backed up every single day so your records are always current.
With bank-level security (128-bit SSL encryption), you can trust QuickBooks to keep your data safe from prying eyes.
Free unlimited support
In case you run into any problem using the software, you are at liberty to choose from a variety of customer support options available.
You could reach out to them through their in-software help, through the phone, shoot them an e-mail, through their help center, or even through social media. Support is always at your beck and calls every business day of the week.
Wouldn’t it interest you at this juncture to find out what users of QuickBooks have to say about the software now that you know a bit about it?
Well, for our QuickBooks review, we exclusively offer you the opinions of people who have actually used the software. This could go a long way in helping you make a sound decision in the end.
Depending on which version you choose, Amazon customers give Quickbooks anywhere from 1.0 stars out of 5.0 to 3.5 stars out of 5.0. But Amazon wasn't the only place Quickbooks earned a rating.
On Capterra, the QuickBooks review has a total rating of 4.5 out of 5.0 stars. Most users waxed lyrical about the software. One user, for instance, was impressed by how easy it is to navigate the software.
Another user beamed about how effortless it is to have scanned documents and receipts attached to a transaction. For another user, QuickBooks helped save so much money by reducing time spent on preparing tax returns by the accountant.
However, one user lamented about experiencing file crashes at times. Another user felt it’d be more helpful to have a variety of different small businesses on one account as having them on various accounts was less cost-effective.
On Consumer Affairs, the QuickBooks review has an overall rating of 3.0 out of 5.0 stars. Quite a number of users complained about how poor customer service was. Another customer wasn’t pleased about how difficult it was canceling a subscription.
But a different user praised how easy it was to set up the software, while another said how easy it was to allow the accountant access to data on the software.
Jane is news writer presenting the latest trending information as it's released. She's spends most of her time sourcing premium news from our top sources bringing fresh updates to her loyal subscribers. She loves ice-cream and her dog Sally!