Rajat Khare has been working at Intuit for the past 9 years. During this time he has developed numerous features for products geared toward small businesses inside the QuickBooks Ecosystem. The ecosystem has over 8 million users! Most of the time, managing books of accounts in accordance with existing laws and keeping track of daily accounting overwhelms business owners. Entrepreneurs, after all, are enthusiastic about their goods and services and focus primarily on building a clientele for them.
In this situation, it makes financial sense for a business owner to implement accounting software that not only satisfies the expanding needs of a small business but also fits within his financial constraints and relieves him of the numerous responsibilities associated with small business accounting, such as invoicing, keeping track of customers’ and vendors’ contact information, maintaining inventory, paying employees, and reporting.
Accounting programme to expand business:
Accounting software called QuickBooks Online (QBO) gives us control over our money, time, and our business. It comes with several following advantages:
Creates and maintains invoices with ease: QBO is used to design, create, print, and email professional invoices. Additionally, it enables us to keep track of who owes us money and whether we have been compensated.
Easy Calculation of VAT & Service Tax: With only one click, QBO can calculate service tax and VAT.
Consolidated information about buyers and sellers: It contains information on an infinite number of buyers and sellers. Track sales and expenses to better understand the cash flow and the state of our company. This will enable us to make more informed judgments.
Quick access to important data and reports: With QBO, we may quickly view our P&L Accounting, Cash Flow Statement, and Balance Sheet. With pre-built and customised reports, you may also delve deeper into company facts.
Professional quotations: It also helps us to make quotes and proposals for our clients that appear professional.
Get company’s snapshot: The Company Snapshot screen in QBO provides daily information on your income, expenses, performance relative to the previous year, and more.
Manage worldwide clients with ease by trading in several currencies. Also switching between them using real-time exchange rates thanks to this function.
More about QuickBooks Online
No need to worry about compatibility or installing traditional applications since QBO is entirely web-based. Just open the web browser and start browsing.
QuickBooks Online allows you to access it from any computer with an Internet connection, giving you the flexibility to work from anywhere at any time. By allowing many users to access your account, QBO links people in various areas. You can define permission levels to limit the kinds of data that each user can view or alter.
QuickBooks Online imports your current customer contacts from Microsoft Excel®, Outlook, or Gmail, making the switch to online accounting straightforward. QBO automatically backs up your data every two hours and complies with the strictest requirements for data storage security online. It doesn’t require any prior accounting expertise to utilise. Start working right now with no need to install any software, free upgrades, and limitless free customer support available 365 days a year.
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