What is QuickBooks Online?
QuickBooks Online is a web-based accounting solution that caters to individual accountants and small businesses. The solution helps with bank reconciliation, tracking expenses, drafting invoices, and monitoring financial reports.
QuickBooks Online enables users to download and reconcile credit card transactions. The solution also allows businesses to organize weekly timesheets and track bank deposits. Users can take photos of bills and submit them as expense proofs or share them with the concerned stakeholders.
QuickBooks Features
- Automates standard bookkeeping tasks such as entering transactions, performing calculations, and organizing data to balance your books.
- Automatically imports your bank transactions and organizes them
- Built-in sales tax calculator that calculates sales tax based on where you are, what you sell, and the address on the sales receipt or invoice
- Track business expenses all year to get every deduction at tax time.
- Automatically sorts expenses into expense categories and keeps them organized for you.
- Track your bills and their due dates in one place so that you always pay on time and avoid late fees.
- Set up automatic payments so that your bills are paid for you
- Use the QuickBooks app to turn your phone’s camera into a receipt scanner. Snap a photo of a receipt, and QuickBooks will attach it to the expense in your books
- Create custom, professional business reports, access your balance sheet, cash flow statement, income statement, and over 50 other reports
- Create professional estimates and quotes for a prospective customer
- Create invoices and get paid fast via credit card, debit card, Apple Pay, and more
- Bill incrementally and get paid throughout the job or project
Ease of Use
QuickBooks can be set up within moments and has a clean, user-friendly design. The side menu-bar allows seamless switching between the most important sections like dashboard, sales, accounting, and reports etc. Overall, if you are a person with some financial knowledge, QuickBooks shouldn’t present a learning curve to you.
The Final Word
When it comes to invoicing software, QuickBooks is one of the best. It has some great features like expense management and invoice customization that can make your life or our accountant’s easier. It also has a very intuitive, user-friendly design, which makes it easy to learn and integrate into your business.