QuickBooks Online is well known in the accounting industry and has dominated the accounting software industry for a long time. The product that they offer to both accountants/bookkeepers as well as business owners is very user-friendly. They offer great training, support, and tutorials if you are stuck on a task that you need help with regardless if you know anything about accounting.
As a business owner, you can also share your QuickBooks with your accountant. The reason that I like QuickBooks and would recommend their accounting software is the easy format and the accessibility to clients. As a bookkeeper, I find their training and tutorials very helpful.
When you login to QuickBooks, depending if you are an accountant/bookkeeper or a business owner, you will see this screen:
I have my own firm as a bookkeeper and then I have another login where my clients can see their books. This works as a bookkeeping firm because I want to ensure that my books and my clients books are in two separate areas to avoid any confusion.
Once of the nicest things about QuickBooks is the dashboard screen. Maybe this is my inner-nerd coming out but when I login and see my Dashboard, it gives me a snapshot of what’s happening in my business. For an example (this is an example from QuickBooks), here is what the Dashboard looks like when you login to Quickbooks:
- Profit and Loss (Income Statement): This allows you to quickly see the income you have earned versus the expenses that you have paid which provides you with your net income or net loss.
- Invoices: This will allow you to easily track the receivables in which you may not have been paid for yet. If you see that you have an invoice over 30 days, you can see it right on your dashboard screen.
- Expenses: You can see how much you have spent in the last 30 days, last month, last quarter, etc. This is definitely helpful to see to ensure that you aren’t overspending.
- Bank Accounts: You can set-up your bank accounts with QuickBooks and easily track your business bank accounts and your credit card accounts.
There are many great features of QuickBooks Online; you can easily track your receivables, payables, create journal entries, track your tax information, and much more. Also, if you are self-employed, they have a Knowledge Base full of great information for managing your business’ accounting and bookkeeping.
If you have any questions about getting set-up with your QuickBooks account, you can send me a quick email at firstname.lastname@example.org.