QuickBooks is an accounting software tailored towards small and medium sized businesses that allows the tracking of business expenses.
QuickBooks was chosen as one of the top accounting tools for small businesses in 2014 by Business News Daily, and as the popularity of QuickBooks grows, some institutions, such as Ashton College, are offering short courses on how to set up QuickBooks for individuals and businesses.
So what attracts businesses and accountants to QuickBooks? The key points are:
- Simplicity: the software is easy to use! It simplifies bookkeeping tasks and makes the business overviews easily accessible.
- Affordability: you get a great variety of features for an affordable price.
- Customizability: it is flexible and adaptable, so you can easily accommodate it to your needs and your business.
- Stability: hundreds of thousands of small businesses have used it and are satisfied with the results.
- Organization: you can have all your business statements and reports in the same place to help keep your business on track.
- Tracking: you can keep a record of all of your expenses and view your cash flow figures.
According to Intuit Canada, “97% of small business owners who use payroll software like QuickBooks appreciated the efficiency, accuracy and one-stop-integration of the system.”
So Why Should I Learn QuickBooks?
As with every tool, QuickBooks needs to be used efficiently in order to get great results.
Business owners cannot usually dedicate the required time and energy necessary to learn the many features of QuickBooks. Moreover, they may not be equipped with detailed knowledge in financial matters, which is why they often choose to rely on accountants and bookkeepers. It is the accountant’s job to make sure that business finances and expenses are accurate, organized, updated and accessible, which it is much easier to do so when using accounting software.
Learning how to use QuickBooks can not only simplify the accountant’s job, but also positively influence their career. With appropriate use of the software, the accountant can work quickly and efficiently. It is easier to access the business overview and make necessary changes and updates. Since many simple bookkeeping tasks can be automated, paperwork is reduced and accuracy is increased.
For these reasons, certified users of QuickBooks can expect to find themselves in greater demand in accounting departments.
Accountants who are certified QuickBooks users can now spend less time on smaller organizational tasks, easing the stress of their job and allowing them time to advise their client or employer on future investments or business plans.
QuickBooks definitely offers a lot of opportunities for business owners and accountants; the key to success is to learn how to use it, and to use it effectively!
About the Author
Alex Nikotina: Alex is a Digital Brand Experience Assistant at Ashton College in Vancouver, BC. Originally from Russia, Alex loves to travel and experience new countries, having previously spent time in Japan before moving to Canada.