Technology

Is QuickBooks Good for Bookkeeping?

QuickBooks is one of the most popular bookkeeping software packages available today. Bookkeeping services that you may hire to do your books for you usually charge anywhere from $50-$150 per hour. With an investment in QuickBooks, that can be a one-time fee of $200-$1000 depending on the package, then the software is yours to use and will more than likely last years.

You may wonder if it’s worth the risk of not having somebody else taking care of your accounting and bookkeeping needs. However, most CPA firms with Aventura bookkeeping services offer QuickBooks services as well.

Here are a few reasons to consider using QuickBooks.

  • Easy to use and learn

QuickBooks is a very easy and user-friendly accounting software package that comes with a user manual. If you move at a fast pace, don’t have time to take classes, and need to learn all the ins and outs of bookkeeping software packages, then QuickBooks is for you.

You can create basic accounts, schedules, and reports in QuickBooks with a user-friendly point and click interface, making it easier for you to do your bookkeeping tasks. Moreover, QuickBooks comes with several tools that make bookkeeping easier to do, such as the Estimates Manager and Nearby A/R.

  • Integrates easily with other systems and has great flexibility with third-party applications

One of the biggest disadvantages to doing bookkeeping by yourself is that you have to double-check each transaction and enter it manually. This means that you have to do each one by hand, which is a very tedious task for an accountant.

The QuickBooks application integrates easily with other accounting software packages so that you can put in transaction information and quickly get the results. Additionally, since QuickBooks allows third-party applications, such as QuickBooks Point of Sale (QBoS) and QuickBooks Rental Property Management, you can use these other applications while keeping your data in QuickBooks, if you prefer.

  • Provides good accounting reports

One thing most QuickBooks users enjoy about this accounting software package is that it comes with a number of reports that provide great information and analysis of your business. It contains an Income Statement, Balance Sheet, Cash Flow Statement, and more. For instance, when you look at your Income Statement, you can see your sales and profit margin by customers or items sold. You can also see account balances by customers, inventory items, or vendors.

  • Affordable price

Computerized bookkeeping is expensive. There is no way around that since it’s a skilled service, and it takes time to produce a good accounting system and to do the job correctly. QuickBooks is one of the most affordable bookkeeping software packages available today, so if you don’t have much to invest in accounting software, then this is for you.

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