QuickBooks is accounting software that is useful for maintaining the accounts and finances of any company big or small. Basically any business can manage its incomes and expenses with the help of this software. Paying bills, issuing cheques, invoices, planning budgets, managing business transactions and more is conveniently possible with QuickBook software. Earlier maintaining accounts was a tedious job as it was handwritten in a journal. But. With the upgraded technology and with a change in the working style of any business one can use these accounting software. It is very easy to understand, maintain and one can access it anytime and anywhere.

Basics Of QuickBook: Things One Need To Know Step By Step

The very basics of QuickBook procedure are to maintain accounts for a company, ways to enter a bill, pay Cheque, enter an invoice, journal entries and reconciliation statements, and more. It works conveniently on tablets, smartphones, laptops, and PCs. 

• One needs to login to QuickBook software through any web browser that can be Google Chrome and login by entering the information. 
• One can bookmark the web page for regular access in the future.  
• After logging into the company account one can use the create menu by clicking the + sign that is present on the QuickBook page.
• Here are customer-related transactions, supplier-related, employee-related, and other transactions. 
• With the help of creating a menu, one can enter day to day transactions related to different all those whom the company deals with.
• One can see details of the company in the form of profit and loss and balance sheet statements.
• Lastly, the company’s account can be viewed by clicking on the company’s menu. One can see settings, products, and services, reconciling, and details about QuickBook subscription. One can add customers and deal with them via an online QuickBook app.

Why Do We Need QuickBook For Bookkeeping?

QuickBook software is useful in various ways:

• Managing Sales through QuickBook is very convenient by tracking invoices. Keeping a record of both current invoice and past invoices related to sales is possible through software like QuickBook.
• Managing Income: income from different sources can be managed through QuickBook with ease.
• Keep a Check on Expenses and Bills: with the help of QuickBook companies can keep track of bills to be paid and already paid. Big companies have huge expenses that need to be tracked on a regular basis. Moreover, all the cash records that are incoming as well as those that have to be cleared also, can be recorded through QuickBooks.
• Maintaining profit and loss statements, balance sheets and all trading accounts can be maintained with ease with the help of bookkeeping apps.
• Payroll Calculations: can be done with any interruption with the help of QuickBook. Moreover, doing it manually can lead to making mistakes. Maintaining the payrolls with QuickBooks helps to keep the financial statements updated. Companies can pay their employees with ease and calculate taxes automatically with QuickBook app.