Saturday, October 12, 2013

The Bookkeeper Quickbooks Concepts To Grasp

By Megan Landry


Owners of any small to large scale businesses have adapted bookkeeper QuickBooks as it is accounting software that caters to the business specifications of different business over a wide range. Small scale business vendors are the ones who are more conversant with this software as they more often lack accounting skills to ensure smooth running of their enterprises. Large scale vendors use it to primarily outsource accounting services the small scale vendors. In 1983, Quick Books was invented and has since grown drastically to be the most used accounting software. Below are the ways in which Quick Books has changed over the periods.

During the inception of Quick Books, only the small to medium business owners identified with it. It had come about as a solution to the accounting needs of the small business owners who lacked accounts training. However, accredited accountants did not identify with it as it had serious risk issues such as lack of an audit trail as well as deviating from the set accounting rules and principles. After careful deliberations with these accounts professionals, the developers mitigated the existing risks and in turn came up with accounting software that met the needs of the big shots business as well. This garnered its popularity and set it up to approximately 94% of the market share

Over the decades, Quick Books has differentiated extensively in order to meet each and every demand of its users. It has versions for professionals in different sectors such as producers, suppliers, NGOs and the like.

Quick Books has been modified so at to meet different needs of the users in their respective regions. Different types exist in order to provide accounting and VAT solutions to the vast regions that exist such as Canada, South Africa and the UK.

Quick Books has an online subscription format where a user is able to access the account software by paying a monthly fee rather than paying an aggregate amount. The software supports different browsers hence it does not limit the user when it comes to choice of the preferred browser. Users can also access Quick Books by use of smart phones like the Blackberry and iPhone. We have to note that a specific version of online Quick Books has been developed to meet the UK and Australian needs.

The point of sale concept has been incorporated into Quick Books hence making it much easier to do customer analysis.

The format that is used by users depends on the needs of their region and their accounting standards. Users in different regions such as Australia and the UK do not access the same online style as each has to be personalized.

Quick Books are very user friendly in that it is an input and output software. It gives the results in accordance to the data you input hence. It has sections such as bank reconciliation and payroll capabilities. That is why this amazing revolution got the grip on the businessmen who wanted to keep their account in much subtle way without much of an effort or knowledge about theory of accountancy.

Software developers have come up with programs that integrate bookkeeper QuickBooks with specific niche geared towards meeting demands of personalized industries. These additions have made it easier for different industries to integrate with Quick Books.




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