What is QuickBooks accounting software?
QuickBooks accounting software, launched in 1998, developed and marketed by Intuit, is the most popular accounting software for small and medium-sized businesses. It helps in business accounting, bookkeeping, financial reporting, accounting practice management and order management. This financial accounting software started dominating the marketplace and became the most practical application with more than 80 percent market share.
What are the advantages of choosing Quickbooks accounting software?
It offers a user-friendly interface that makes the accounting process simpler for accountants.
Quickbooks helps in making the right business decisions by generating projections for your business.
It also offers effective payroll management based on different defined criteria with automatic tax calculation.
It helps to keep a more accessible track of wages, profits, commission, and expenses.
Quickbooks also offers easy importing data to perform an effective business financial analysis.
What are the different Variants of Quickbooks?
Although Quickbooks has a sub-product for every accounting need according to different conditions, it is offering its services in three variants:
QuickBooks Self-employed
Quickbooks self-employed is the newest QuickBooks product designed to serve startups and small businesses to handle various tasks in less time. It helps track mileage, invoice management, report organisation, and expense sorting. It is further divided into three categories:
Self-employed
Self-employed tax bundle
Self-employed live tax bundle
QuickBooks Online
QuickBooks is the cloud-based version of its all-inclusive variant, beneficial for flexible accounting for CPAs and accounting firms. It helps in accessing software anytime from your location. Also, it provides the facility to integrate the data from third-party apps that helps in saving time and improving work efficiency. Anyone can use it by paying its subscription fee every month.
QuickBooks Desktop Products
Quickbooks desktop product requires a local installation to experience its wide range of features. This variant’s uniqueness is that it offers unique features that the online variants do not provide. It provides users standard capabilities, including financial reporting, payroll, invoicing, and billing. The different versions of Quickbooks desktop variant are:
Quickbooks pro
Quickbooks premium
Quickbooks Enterprise
Quickbooks for Mac
How to choose the correct Quickbooks version for the accounting needs for your business?
It is essential to analyse your accounting and business needs, features offered by Quickbooks and how you can accomplish your business goals for choosing the correct Quickbooks version.
What is the best option for getting Quickbooks accounting services in Australia?
There are two options for getting a QuickBooks accounting service for your small-sized business in Australia:
Hiring in-house accounting team
If you want to hire accounting & bookkeeping services for your business, you can hire an in-house accounting team. They will help you with accounting functions and offer finance-related solutions for monthly salaries.
Outsourcing accounting services to virtual bookkeepers
If you are running a business with a limited budget and cannot hire an in-house team, you can outsource the accounting functions to the virtual bookkeepers. They can be a person or an agency who helps you with accounting & bookkeeping solutions. These outsourced bookkeepers are experienced in working with various industries; therefore, you do not need to guide them and invest your time & energy in providing them training. Also, in the case of outsourcing, you only pay for real-time services. Therefore, outsourcing can be cost-effective too. And, you can benefit your business by spending less time, energy and money.
Contact us to hire virtual bookkeepers and know more about various financial services for your business in Australia.
