QuickBooks Unwrapped: Two Years of Financial Insights

What Is Quickbooks:

Quickbooks is the largest accounting software package marketing tool by Intuit. It is designed for individuals and businesses to help them manage their finances to keep track of their income and expenses. Users identified include small businesses, freelancers, and accountants who are able to manage their books on the desktop version and online. Clients that use the platform are able to perform invoices, POS systems, taxes, and other financial tasks. Quickbooks is the leader in financial tools compared to competitors such as Freshbooks, Xero, and ZohoBooks.

Set Up Process:

Quickbooks Online setup takes about 30 minutes to an hour to complete depending on how complex your installation may be. It helps if you have a representative that you could call to help you walk through the interface whether it is an Accountant or a Quickbooks Expert.

Quickbooks Payments:

Online Payments: Quickbooks allows you to accept online payments from your customers through various methods, including credit cards and bank transfers. This feature is especially useful for invoicing your invoicing to your customers through e-commerce businesses.

Invoice Payments: You are able to invoice your customers through Quickbooks and customers can pay directly from the invoice using the payment options that are provided. This simplifies the payment process and helps the seller get paid faster.

E-Checks: Quickbooks enables you to accept electronic checks (e-checks) as a payment method. This can streamline the payment process and reduce the need for printing paper checks.

Quickbooks Bookkeeping:

Chart of Accounts: QuickBooks provides a chart of accounts that allows you to organize your financial transactions into different categories and accounts, making it easier to generate financial reports.

Income and Expense Tracking: QuickBooks allows you to record and categorize all your income and expenses, making it easy to track where your money is coming from and where it's going.

Financial Reports: QuickBooks generates various financial reports, including profit and loss statements, balance sheets, cash flow statements, and more. These reports provide valuable insights into your financial performance.

inventory Management: QuickBooks offers inventory tracking features that help you monitor the quantity and value of your products or goods in stock.

Customer Experience:

There is a wide range in how the customer experience at Quickbooks could be broken down so I will give 3 examples of how someone could utilize this tool. The three ways that stick out to me most are User-Friendliness, Features & Functionality, and Customer Support

Let’s Talk User Friendlessness: Quickbooks is known for its user-friendly interface which makes it accessible to people from various levels of financial expertise. There are many versions of the platform that could meet each user's needs. Use my link to test out the platform at 30% off for 6 months for Quickbooks Online and Payroll features.

Features & Functionality: QuickBooks provides a wide range of features for accounting, bookkeeping, invoicing, payroll, and more. The quality of your experience depends on whether these features meet your business's needs.

Customer Support: The quality of support you receive from QuickBooks can be essential. QuickBooks offers customer support, but the level of service can vary depending on the specific plan or subscription you have. You can speak to a representative via email, phone, and through chat. They are very friendly and want your business to be successful and grow just like yourself. 

Conclusion:

These are factors that go into play when choosing the right platform for your service-based or product-based business. It is important that if you are going to invest the money it should be worth the quality across the board. Using the platform for the past 2.5 years has helped me scale my business and see where I should switch gear my focus. I can see why Quickbooks is the leader in the accounting software industry but it was the process of beta testing and having surveyed their users on a regular to see what they need regardless of the size of the organization.