QuickBooks : Small and Mid sized Business Management Software

QuickBooks helps you manage the accounting and takes care of all the aspects of finances: filing the taxes, voiding a check, reconciliation, and reconciliation, writing off the bad debts, etc. performing all these procedures can consume a lot of your time and workforce, but with QuickBooks, all these things can be taken care of even by a smartphone.

History of QuickBooks

QuickBooks Desktop software’s history goes way back in time, and Intuit was formed in 1983 by Scott Cook and Tom Proulx in CA, USA. Intuit launched a software by the name of Quicken, a Dos version for both windows and mac. Later after the one product got so successful, the company found new accounting software according to its demand.

QuickBooks Desktop software was then launched in with the enterprise version in 2002 and then after. Two other versions were Basic, and Pro was launch in 2003 that helped the software cover all the aspects according to businesses size.

What is QuickBooks used for

As mentioned already, QB keeps a check on your accounting and the finances of your organisation. The software is a one-stop solution to keep track of a particular organisation’s money and transactions flow. The software is so easy to use that anyone and everyone can use it if they spend some time reading about it.

QuickBooks Online is the most celebrated cloud-based accounting software as well, tasks that are so hard and repetitive that consume so much of your time can be done in a couple of minutes by using the QuickBooks.

Benefits of QuickBooks

The QuickBooks accounting software can prove to be a lot more beneficial than any other accounting software. The software takes good care of all the aspect of finances in your organisation, not only you can handle all your employees by the help of QB Payroll. But the software also helps you to pay your taxes on time that not only draw the right image of your organisation but also save you from the penalty.

QuickBooks Product, Pricing and Feature

QuickBooks Online: QuickBooks Online is a product where you don’t need to install software on your PC. One of the QuickBooks’ main advantages is that you don’t need a specific PC to log in from any device anywhere by just using the login credentials. QB Online offers a different level of subscriptions which are as follows:

Start
Essentials
Plus
Advanced

QuickBooks Desktop software: QuickBooks Desktop software is one of the most used software because it is used for mid-sized businesses. This version of the QuickBooks Desktop software offers six different versions that are as follows:

Pro
Pro Plus
Premier
Premier Plus
Enterprise

QuickBooks Self-Employed: The software is designed for small entrepreneurs and freelancers. This version has some great features that are not in the other versions, making this particular version very unique.

It includes unique features not available in QuickBooks Online or QuickBooks Desktop, like tracking business and personal expenses from the same bank account and transferring data to TurboTax. There are three types of subscription available for QuickBooks Self-Employed, and these are as follows:

Self-Employed
Self-Employed Tax Bundle
Self-Employed Live Tax Bundle

QuickBooks Self-Employed version will figure out your estimated quarterly taxes and remind you whenever they are meant to be paid or due.

QuickBooks For Mac: As the name suggests, the QuickBooks For Mac is considered the only QB software available for their elite users who use mac on their work. This version of the software is quite close to the Pro version, which is more of trade-friendly businesses.

Summary

To summarise, QuicBooks is accounting software that helps you manage different organisations accounting depending on their businesses size. This post is created to give you an overview of the QuickBooks Desktop software.

The overview covers the history of the software and will also give you all the details regarding the different versions of the software and their prices. Hope that this post adds some value to the time you spent while reading it and if you are looking to buy any version of the software hope that this post helps you make a decision.

About the author

Cpadesk

CpaDesk Is An Online Accounting Forum/ Community That Brings Accounting Advisors, Students, And Those Who Are Looking For Knowledge And Information.

Spread the word about us. Share if you Like this article 👍.