Wednesday, October 16, 2013

All You Need To Know About Bookkeeper Quickbooks

By Megan Landry


A business owner needs to familiarize themselves with bookkeeper QuickBooks as a step towards having their business accounting solutions met with perfection. The software came about in order to meet all the needs of the small enterprise owner in regards to accounting solutions. In its development year, 1983, small business owners highly benefited from this software as they lacked the formal accounting knowledge to run their business. Big enterprises also adopted Quick Books so as to offer accounting services to the smaller businesses. It has since evolved into very popular accounting software and the following show this tremendous growth.

During the inception of Quick Books, only the small to medium business owners identified with it. It had come about as a solution to the accounting needs of the small business owners who lacked accounts training. However, accredited accountants did not identify with it as it had serious risk issues such as lack of an audit trail as well as deviating from the set accounting rules and principles. After careful deliberations with these accounts professionals, the developers mitigated the existing risks and in turn came up with accounting software that met the needs of the big shots business as well. This garnered its popularity and set it up to approximately 94% of the market share

We are to understand that Quick Books came into play as a simple software for the small business owners accounting needs. However, in almost three decades, it had diversified so as to meet the needs of the layman accountant as well as the professional. It has diversified so as to meet the needs of different industrial niche such as production, processing and the like.

Customizing of Quick Books has ensured that its vast distribution amongst different regions such as t Canada and South Africa. Personalized versions have also been developed to meet VAT requirements of states such as the UK.

Users can pledge a monthly amount so as to be able to use the online format rather than paying right away at the beginning. A user is able to access different browsers as well as have the software installed in their smart phones such as Blackberry and iPhone. Because of this facility more businessmen are being inclined to this as they can keep track on their accounts thanks to the portable platform facility of this tool.

Quick Books has a point of sale feature where it is able to analyze customer activity and generate reports that are substantial to a business

The format that is used by users depends on the needs of their region and their accounting standards. Users in different regions such as Australia and the UK do not access the same online style as each has to be personalized.

Quick Books is very easy to use as all the user has to do is input data and the different specifications give out the desired result. The payroll preface is able to calculate the payroll of a business by analyzing the data that has been put. The software is also able to process bank reconciliations.

Software developers have come up with programs that integrate bookkeeper QuickBooks with specific niche geared towards meeting demands of personalized industries. These additions have made it easier for different industries to integrate with Quick Books.




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