by Stephanie Watson
Published on 14 February 2013
QuickBooks by Intuit is now available in an online version to allow you to keep track of your accounting and bookkeeping tasks all in one place.
We will see in this QuickBooks Online review how you can get immediate access to secure online accounting software and the ability to keep everything organized in one place. I got the chance to try it and am impressed by how easy and effective the program is.
With QuickBooks Online, you don't need to worry about spreadsheets with confusing formulas and piles of paperwork. You can get access to everything you need in one cloud-based application. You will be able to track your sales and expenses, create custom-made invoices, accept credit card payments, sync bank accounts and credit cards, turn on payroll, use a variety of helpful apps and be tax-ready for the next tax season.
QuickBooks online can be used by anyone but as a business owner, you will find the most benefits to using the program. You will be able to access payroll and pay your employees in just 3 steps, accept credit cards through the online program, tablet, or mobile phone, and even customize your own invoices. The streamlined cloud-app has other features as well, like reports, paying bills, project estimates, and writing checks.
There are a variety of exceptional apps that can be linked to your QuickBooks Online account, including Bill.com, SalesForce and eCommerce Cloud. Aside from the long list of apps, you can also import your contacts and get access to different types of financial data. Contacts can be imported from just about anywhere, including Outlook, Gmail, and Microsoft Excel.
Signing up and getting immediate access to the QuickBooks Online software program is quick and easy. Once you sign up, you will be automatically directed to the dashboard. From here, you get an overview of your company information, customers, contacts, vendors, employees, banking information, reports, invoices, and the app center.
To add, edit or view your vendors, click on the Vendors tab. This allows you to see a list of your vendors, search for the one you want, and get access to purchase orders, enter bills, pay bills, pay a single vendor, or view vendor credits.
Click on the Banking tab to write a check, view your credit card expense reports, add bank accounts, access cash expenses, make a deposit, download transactions and access bank registers.
QuickBooks Online offers many advantages and very few disadvantages. The list of benefits include having a 60-day money back guarantee, a safe and secure website for entering your information, automatic data back-up, free expert advice, no installation or downloading required, and a simple set-up. The only disadvantage I noticed while accessing it is that because you don't install the program, you will be relying on your Internet to be in working order to use the software. However if your Internet is down, you can still access it from a tablet or mobile phone.
The other issue with QuickBooks, and this is true with most true Accounting software packages, is the learning curve. You may need to hire someone to help you set it up properly such as a Certified QuickBooks ProAdvisor. Most CPA firms have someone that can assist you with proper set up. Proper set up is crucial to ensuring that you keep your books accurately.
QuickBooks Online offers three easy plans, all of which include a 30-day trial that doesn't require entering credit card or banking information. The three plans include the Simple Start plan, Start Your Business plan (the most popular choice) and the Grow Your Business plan. All three plans charge low monthly amounts.
If you're a business owner who is having difficulty keeping your finances on track, need budgeting help, or like cloud-based applications, you will find many benefits to using QuickBooks Online. With a free trial and no obligation, there's no reason not to give it a try.
Ratings: ease of use 5/5, features 5/5, value 5/5 and ease of deployment 4.5/5