HOW DOES QUICKBOOKS HELP SMALL BUSINESS

History:

 QuickBooks is an accounting software, which is developed by an American company Intuit Inc. Intuit Inc is a financial company which develops software for the small business organization. Intuit was founded in 1983 by Scott Cook and Tom Proulx in Mountain View, California, USA. QuickBooks product is mainly used in the small business organization which helps in accounting and provide business payments, manages and pays bills, and payroll functions facility.

Initial release: 

QuickBooks was initially released for  DOS version. It is based on the Quicken Codebase. The Window and Mac version shared a different code base that is In-House Accountant.QuickBooks help those small business organization who had no formal accounting training. QuickBooks software claimed up to 85% of small business accounting market.

Features:

QuickBooks has many web-based features, including remote access capabilities, remote payroll assistance and outsourcing, electronic payment functions, online banking and reconciliation, mapping features through Google Maps, marketing options through Google, and improved e-mail functionality through Microsoft Outlook and Outlook Express. The 2008 version, company has also added import from Excel spreadsheets, additional employee time tracking options, pre-authorization of electronic funds and new Help functions.

QuickBooks Online:

QuickBooks also offers a cloud service called QuickBooks Online (QBO). QuickBooks Online user pays a monthly subscription fee and accesses the software through a secure login via the Web browser.

QuickBooks Online has most subscribers for an online accounting platform. the cloud version of QuickBooks is a different product from the desktop version. It has many features that work differently than the desktop version.

QuickBooks Point of Sale:

QuickBooks point of sale is a software that tracks sales, customer information, and provides reports for managing its business and serving its customer.

Ways QuickBooks Helps Small Businesses:

QuickBooks is excellent software of accounting for running a small business. If you are using QuickBooks software you don't need a good knowledge of accounting.

There are several ways that QuickBooks gives immediate benefit to small businesses:

1. Cash Flow Control:

QuickBooks is a great tool for manage the cash flow of your organization. You should keep your QuickBooks file update regularly and understand how to use it instead of using online bank balance.

If you want to handle your cash flow you should enter your daily financial transaction in QuickBooks.

2. Customers Invoice:

When you are selling a product to a customer and he gives you money for your for products or services, you should give him an Invoice. By providing an invoice to customers will increase your cash flow.  

3. Bills and Accounts Management:

To keep your vendors and suppliers happy is very important for business. QuickBooks provides a very simple way to enter bills and pay bills function.  Entering the bills to your vendors with the correct terms and due dates will help you stay on top of keeping your vendors paid and happy. You can pay your bills directly through QuickBooks via online Bill Payment.

4. Find out Money Making Areas:

QuickBooks help to find out which parts of your business provide you profit and which parts are not. By using QuickBooks "classes" function you can track your income and expenses by department, location, or profit center.

5. Warning About Financial Problems:

The reason for most of the new business failed, they don't know about their finances work. They have no idea about they are making a profit or not and also have no idea about their cash flow is healthy or not.

QuickBooks can help a lot because it provides a detailed picture of the financial statement, drill-down reporting for areas of concern.

6. Tax Time and LOan Applications Alert:

You can use QuickBooks to quickly and easily provide the financial reports they need to evaluate your loan request which you can give to the loan officer. If you give your CPA your QuickBooks file, they will be much farther down the road in doing your taxes.

We hope the given information is very useful for you about our QuickBooks product, but if you have any query regarding QuickBooks you can contact us our QuickBooks Enterprise technical support on +1-855-441-4417, we will help you immediately. 
Our web site WiZXpert provides you all support and services regarding QuickBooks various product.