Purely made for accounting purposes, QuickBooks is a commonly known accounting software. It was developed and launched in 1983 by the popular developer, Intuit.
Generally, QuickBooks is best known as a bookkeeping software. But small businesses massively benefit from its accounting solutions too.
Unlike Excel, this software is built to meet only your accounting needs. You won’t find advanced formulas or pivot tables in QuickBooks. And this is what makes it more straightforward and simpler to use.
That being said, let’s find out what makes QuickBooks so great.
What is great about QuickBooks
If you want a program that’s tailor-made for your accounting needs, QuickBooks is your one-stop shop. It is less stressful and helps you reach your business goals more swiftly.
Thanks to its simple interface and increased ease of use 🎯
Expert at Details
Unlike Excel, QuickBooks is not so prone to errors. You will instantly get an error prompt when you enter incorrect data.
With QuickBooks, you don’t even need to waste time finding different formulas for your data. That’s because all your accounting tools are collated in one place and are a single click away.
All you need to do is enter the data, and QuickBooks will take over the rest of the work. You can be anywhere in the world and still have access to your financial records and books through Quickbooks.
Integration with Banking Apps
QuickBooks’ integrated banking options can make things easier for you – if not completely remote.
Using Quickbooks, you can make online payments, and manage income and tax payments seamlessly. You can also track transactions, choose invoice templates, and do much more using QuickBooks 💸
What is not so great about QuickBooks
QuickBooks is truly a resourceful application when used right. But like all other programs, QuickBooks has its fair share of drawbacks too👎
Let’s see these in detail below.
Using Quickbooks, you can surely benefit from the quick making of balance sheets and income statements. But you don’t have a lot of room to redesign.
Quickbooks offers limited templates only. And most of these templates are not even customizable.
For a creative mind, this sets the bar too low 🤷♂️
Different Online and Desktop Versions
Although QuickBooks desktop is handier and can work offline – using it can be difficult. It’s highly pricey and is not easily accessible.
QuickBooks online, on the other hand, is easy to understand and use. But the increasing limitations on features can be frustrating.
One main reason for this is the idea behind the creation of QuickBooks, which was to support small businesses only.