The QuickBooks Online Version is cloud-based and designed for financial management that empowers the business to handle and keep track of its finances. It offers various features, including the following:
Accounting: This will facilitate the keeping of your sales, cash flow, and the expenses to enable you to work on your tax return.
Invoicing: You will be able to create and email invoices to your customers immediately.
Estimates: Generate custom estimates for your customers immediately.
Project Management: Projects, inventory, and contractors can be controlled with ease.
Reporting: Creating and processing numerous reports to comprehend and make decisions about business activity. Collaboration: The capability of having multiple people working on a single project at the same time. QuickBooks Online is accessible from any computer or web-capable device but not limited to PCs, Macs, tablets, and phones. It is designed to help businesses save time and manage their finances more effectively.
Who is QuickBooks Online for?
You might think you would have to be some kind of certified accountant in order to handle the accounting of QuickBooks Online yourself. That is just not the case, though. Because of its instinctive design, simple terminology, and overall intuitive use, many business owners are able to use QuickBooks for themselves. You may also, though, freely share your QuickBooks workspace with professional accountants. You can either choose an accountant from the database of certified accountants, or you may grant remote and direct access to your company to hire an accountant from Intuit.
Of course, QuickBooks Online is not designed to meet every business need. Larger, more complex businesses have much stronger solution needs-things such as ODBC-compliant data and detailed labor cost tracking. When inventory needs reach a higher degree of complexity-for example, having to build and sell products-a customized product might be a better solution.
Another concern a business may have is one of security: storing your information in the cloud is inherently more dangerous than if you left it on-premises within the security walls of your company. All of your data travels across the internet, where it can be intercepted. In addition, as you go and visit your clients, you also run the risk of misplacing your device that has access to all accounts.
With those concerns taken into consideration, QuickBooks is still best for many small- and mid-sized businesses. Those security concerns can be alleviated with things such as Intuit’s Detect & Defend service, and a few other basic safety precautions.
QuickBooks Online Features
QuickBooks Online is a feature-rich application and is one of the main reasons it’s so popular. The features available depend on the version that you have subscribed to. In this section, we’ll start off by looking at features available with each subscription level, starting with basic.
Why QuickBooks Online?
Like most business applications, QuickBooks Online sits in the cloud online. As such, it boasts a raft of exciting advantages.Many of these are listed below..
Mobile Ready
QuickBooks Online does not tie you to your desk. You can easily create quotes, email invoices, and log expenses – all from any connected device. This makes all of your manpower’s role mobile at any time and from any location.
Continuous Backups
Sit on a cloud, and all changes are automatically saved. You are not scared that your work might get deleted because your hard drive crashed, or you won’t have access because you saved what you needed on another computer.
Real-time Collaboration
You’ll be able to work with clients and team members in real time. This again will speed up your workflows since you won’t have to go back and forth, waiting for emails or to send and receive files from one another. Because QuickBooks Online lives in the cloud, system upgrades are no longer required on local devices. Software is automatically updated in the background, so you never have to think about it.
In addition to being cloud-based and accessible through any browser, QuickBooks Online also has apps for iOS and Android. These are a bit more limited in features, yet they still allow you to almost do anything that you would usually want to do.
You still can if you happen to be on a mobile device through your device’s web browser. Some functionality such as mileage tracking does take advantage of a mobile device’s functionality, though.
Conclusion
In this article we learned quite a bit about QuickBooks Online. We’ve learned how it differs from the desktop version, who it’s for, and some history behind it.
We have also seen many of its various features. Moreover, we have seen how it is divided up, based upon subscriber needs, into different subscription levels.
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