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Every business needs a well credited and steady accountant to manage the account and business details with precision. And this is where QuickBooks comes in, making all accounting tasks incredibly easy. So, what is QuickBooks Accounting software? Well, it is a financial software application manufactured by Intuit. What does this program do? The program simplifies your accounting system and allows you or your accountant to prepare for tax season, monitor income and track expenses.
Setting up QuickBooks Software doesn’t require any professional computer skills, as the software offers a step-by-step setup wizard which is incredibly easy to understand. The wizard will also suggest additional steps which are based on a series of questions you answer during the installation. After the setup, you will easily be able to import contacts from Microsoft Excel or any other software.
Data which had been saved on other programs, such as Accounting Express, Microsoft Office, Peachtree, Quicken, Microsoft Excel and many other previous versions of accounting software, can easily be imported to QuickBooks. For programs which are incompatible, Intuit offers a free conversion tool. In addition, one of the best features of QuickBooks is any business report can easily be exported to Excel for use. And this makes compiling corporate reports a whole lot easier.
For a business to operate successfully, it becomes imperative to track each and every dollar being spent. This financial accounting software comes with various features which assist small and large businesses in managing their money. The software will allow you to enter payment information and due dates for all recurring bills. As these bills are due, the user or accountant can easily print checks directly using the software, as bank accounts can directly be linked to your QuickBooks as well.
QuickBooks users can easily create a variety of financial reports, including payable aging, accounts receivable, cash flow statement, balance sheet, and P&L statements. And these reports then make financial analysis of businesses incredibly easy. In addition, QuickBooks can even assist businesses in payroll management by tracking what is owed to each employee of a business.