Through the Intuit QuickBooks accounting software review, you will discover the best software you can use to manage your small or medium business’s accounting.
It will automatically handle your accounting and financial operations and leave you more time to devote to other aspects of your business.
The Product Overview
- Product: Intuit Quickbooks.
- Type: Accounting Software
- Best for Small and mid-sized businesses.
- Pricing: Starts at $12.50 per month.
- Overall Ranking: 9.6 out of 10.
What Is Intuit Quickbooks?
QuickBooks was released for the first time in 1983 by Intuit Inc. It has since gone through several updates to make it more efficient for users.
As an owner or manager of a small or medium-sized company, you can use this software to manage its income and expenditures, cash flow, reporting, etc. It will help to keep your business’s finances stay well organized.
This software also has features you can use to connect your company with a certified bookkeeper in the US who can handle its heavy lifting and ensure that your books are updated and compliant.
The following sections will show you the benefits of using QuickBooks and some of its cons. I will also give you detailed information on the pricing and show you how to start using it.
Intuit Quickbooks Key Features
This accounting software has so many features that I can not describe all of them in this review. I will give you the most important and show you how to browse the others.
This feature will enable you to manage your company’s bills and better organize your finances. Knowing your due dates is an essential management aspect for every business.
QuickBooks has a user-friendly dashboard designed to show you what you owe, when, and to who at a glance and at any time.
You can also connect your company’s accounts to third-party payments such as Apple Pay or PayPal, import your bill payments and match them to your vendors’ invoices whenever needed.
This software will automatically track all your accounting operations, including the paid amount, what you still owe, the due date, control your cash flow, etc.
Income and Expenses Tracking
This software will also track your business’s income and expenditures and help you to always know from where your money is coming and how you are using it.
It has tools you can connect to your bank accounts, credit cards, and other popular payments platforms such as PayPal, Square, etc.
You will be able to import the state of your income, expenses per category and generate reports showing how every single dollar is spent.
Customer Invoicing Tools
You will find in this part the tools designed to crate and send professional invoices to your customers and get paid faster than ever.
Not only will you be able to manage all your invoices in one place, but it is also possible to personalize the invoice templates the way you want by adding colors, your logo, billable hours, etc.
You can also ask the software to send you real-time alerts on when your customers have viewed your invoices, when they have made payments, send reminders, etc.
QuickBooks’ real-time business reporting tools will provide you with the necessary information on how your business stands and what you can do to make it more successful.
You will know your business’s cash flow, performance, income statements, balance sheets all on your QuickBooks dashboard.
Quickbooks can also send such reports to your partners or other people or businesses who want to collaborate with you, such as potential investors.
Maximizing Tax Deduction
A tax deduction is another factor that can make your business more successful; it will allow you to save more money.
Fortunately, QuickBooks has the tools to track your business’s potential tax deductions, uncover tax benefits you were not aware of, and help you to put more money in your bank account.
As mentioned before, QuickBooks has many other features and tools. The red banner on this page will take you to its official website, where you can browse all of them before committing to use this software.
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The Pros and Cons
- This software is easy to use; you will not need much learning before mastering its various features and tools.
- It integrates easily with third-party systems, including banks, credit cards, and the most used payment applications.
- QuickBooks will enable you to manage all your business’s accounting aspects in one place and provide you with the essential reports on time.
- Even if it is always better to use a computer when doing accounting operations, you can also access this software on other devices.
- The owners provide the needed support and help to fix errors when needed.
- You can use QuickBooks wherever you are in the world and even collaborate with a US-based certified bookkeeper.
- QuickBooks sells at great prices.
Due to the nature of accounting operations, using QuickBooks on device others than computers may no be appropriate.
Also, some users say that Intuit small business accounting software has some limitations when it comes to addressing inventory management concerns; unless one integrates third-party software.
QuickBooks Software Pricing
There are four subscription plans from which you can choose the most appropriate to your business’s accounting needs.
Simple Start Plan – This plan costs $12.50 per month; it will enable you to manage income and expenses, invoice and payments, tax deductions, cash flow management, provide you with general reports, etc.
Essentials Plan at $20 a month – This plan includes the benefits of the previous one plus bill management, time tracking, and the possibility to add three users.
Plus Plan at $35 per month – You will get the benefits offered by the two previous plans plus accessing the inventory management and project profitability tools.
Advanced plan at $75 per month – This last plan includes the benefits of the others mentioned above and provides many others, such as the possibility to use batch invoices and expenses.
It will also allow you to use customization tools, access premium apps, add a dedicated account team, ask for your employees’ on-demand training, data backups, and restoration, etc.
The Final Words
It is the end of the Intuit QuickBooks Accounting Software review that has provided you with the information you need to know about this software and its various benefits.
More than seven million small and mid-sized businesses worldwide use QuickBooks currently, making it one of the most popular accounting software.
You can now use the banner below, see all the available plans in detail, choose the most suitable for your business and start managing its accounting operations efficiently.
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