Why Should You Use Quickbooks For Small & Medium Businesses?

Making the right decision about financial system is crucial for your business. For attaining the desired results, it is important to choose the Quickbooks For Small & Medium Businesses which works best for your business environment. With so many options for accounting software, it is really difficult to find the one which suits your business needs. Quickbooks Bookkeeping Services for a variety of business. If you are struggling to manage your books, or you just do not have enough time to work on them, you can outsource the tasks to us, and enjoy a new professional approach to bookkeeping. 

However, if you are running a small to medium-sized business, QuickBooks accounting software can be a great choice For Small & Medium Businesses. We have observed that QuickBooks became a popular name after it changed its API architecture. From 2006, it is leading the market in providing accounting and financial solutions for Small and Medium Businesses along with Non-profit organizations.

QuickBooks software comes in two version – online and Desktop. To understand which version will work efficiently for your business needs, you need to go through the important features of each.

Quickbooks For Small & Medium Businesses

QuickBooks Desktop Version

It offers diversified features of online accounting and financial reporting. You can track your inventory, make job costing, tracks your production, payroll, as well as financial forecasting, can be done using this software. Some of the significant features are –

QuickBooks Pro Edition – It is beneficial for the small scale businesses

  • Multiple users can access the files at the same time.

  • You can customize more than hundred kinds of reports for your accounting and financial data.

  • Using QuickBooks Bill tracker one can track all the bills in this software.

  • There are tutorials available for how to use this software. Tutorial is built in steps and thus one can easily understand the software.

QuickBooks Premier Edition – It is mainly for the medium sized Businesses

  • If you have business catering to different industry, you can make industry-based reports.

  • Forecasting and planning tools for business are available.

  • One can track costs of inventory and finished goods using this edition of QuickBooks.

  • Sales orders can be created and tracked backward.

  • Five users can use this platform simultaneously.

QuickBooks Enterprise Solutions is mainly for medium to large sized businesses. It has most advanced features like multiple user access up to 30 users, fixed asset management, and other features to suits business with huge turnover.

QuickBooks Online Version

The online version of QuickBooks is simple and effective for the small businesses. Businesses which do not need any complex accounting and financial analysis reporting can choose any edition of the online Quickbooks For Small & Medium Businesses version. The different editions and their features are as follow –

QuickBooks Simple Start – It is best for the sole proprietorship and small-scale businesses

  • You can track sales taxes, tax deductions can be maximized, estimate costs.

  • Create bills and invoices for sales made.

  • Payments can be accepted and reported.

QuickBooks Essentials – It is used mainly for small-scale enterprises

  • It includes all the features of Simple Start Edition plus payment of bills.

  • You can also make profit and loss statement in this edition.

QuickBooks Plus Edition – It can be used in small to medium-sized businesses

  • It has all the advanced options along with basic features of other two editions.

  • One can track inventory of raw materials and finished products.

  • 1099 preparation can be done.

The pricing of the QuickBooks software varies according to the edition and version.

Get in touch with one of the professionals at RAYVAT Accounting today, to discover how their Quickbooks support can help you. To contact us call on +1 (888) 865-5255 or write at accounts@rayvat.com Alternatively, you can also fill a simple inquiry form now.