The Advantages Of Using QuickBooks

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When you hear “small-business bookkeeping software,” you possibly think of QuickBooks. Since Intuit launched its leading product over 20 years ago, the financial management platform has conquered the accounting software marketplace. Presently, QuickBooks software holds more than 80% of the small-business market share. If you’re exploring small-business accounting solutions, QuickBooks is on top of the list. QuickBooks has a product for nearly all your bookkeeping needs, but sorting through the options can feel like an impossible task. Exit Advisor

QuickBooks is streamlined accounting, then QuickBooks Pro is thought to polish and perfect the procedure. There are two products available: QuickBooks Pro and QuickBooks Pro Plus, full of advanced functions and perceptions. The Desktop Pro version simplifies accounting and helps companies stay organized despite a large amount of data they must collect and analyze.

Inter-Company transactions

Once in a compressed file, use journal accesses in QuickBooks to cancel out intercompany transactions that throw off the accuracy of the consolidated statements. These are transactions where related subsidiaries may sell inventory or services to each other. Each subsidiary’s balance sheet records the transaction accurately, but the marketing is double-counted when consolidated, throwing the consolidated balance sheet out of balance. Accountants use a journal entry to correct the imbalance.

QuickBooks enterprise

QuickBooks Enterprise, an upgrade to standard and professional versions of QuickBooks, combines data from several company files and exports them into a Microsoft Excel file. Once in Excel, you consolidate the totals as needed. Access the feature by selecting “Combine Reports from Multiple Companies” under the “Reports” menu. Select the reports you wish to combine, including balance sheet, profit and loss, cash flow, and trial balance. Download A Free Financial Toolkit

Advantages of QuickBooks

No matter the nature of your business, keeping an accurate set of books is essential. It won’t be easy to attract the funding you need without precise business records because business records are generally the first thing potential lenders and investors want to see. Inaccurate or disorganized business accounts can make it difficult to file your taxes or even land you in hot water with the Internal Revenue Service. Using QuickBooks to keep your business records lets you avoid those potential problems.

Ease of usage

One problem with bookkeeping programs is that many of them are difficult to use and cumbersome to learn. On the other hand, QuickBooks intends to be intuitive and easy to understand, even for business owners who lack an accounting or financial background.


The ability to assimilate with other programs is a significant advantage of QuickBooks. After using the product to input all their business income and expenses, business owners can easily export that data to their favorite tax preparation program to make filing income taxes at least a little less painful. QuickBooks also integrates well with Microsoft Excel, making it easy to import data from other sources and use it in QuickBooks. ADP. Payroll – HR – Benefits


QuickBooks provides several ready-to-use templates that business owners can use to create invoices, spreadsheets, charts, and business plans. The software also makes it easy to customize the look and feel of those documents, giving them less of a cookie-cutter appearance and helping them stand out in the crowd. The ability to customize invoices can be instrumental, and business owners can add their company logo and detailed information about each line item.

Check to sign

If you sign many checks for your business, using QuickBooks can save you a lot of time. QuickBooks permits business owners to scan and upload their signatures and use those signatures to prepare the checks for the business. This automated process is more straightforward and accessible than writing hundreds of statements by hand each month.

Final note

QuickBooks is the ideal business bookkeeping software for small to mid-sized business owners. You can save time on bookkeeping and paperwork because many simple bookkeeping tasks handle automatically, making it easier to run your business. You can quickly generate the reports with the information you need, and you save money because QuickBooks is so affordable.

CorpNet. Start A New Business Now About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Complete Controller. America’s Bookkeeping Experts