Sunday, 13 October 2013

The Bookkeeper Quickbooks Concepts To Grasp

By Megan Landry


Every person operating a small to a large scale business has to familiarize themselves with the bookkeeper QuickBooks. It is accounting software that meets the needs of different businesses over a wide scope. It is very popular with entrepreneurs who have their own small business and yet lack the formal training in business that would ensure running of their businesses is made easier. Big businesses also use it to outsource their services to smaller businesses. Quick Books came into play in the year 1983 and has since evolved to one of the most sot-out accounting software. The following are the ways in which Quick Books has evolved and developed.

After it was invented, only the small scale business vendors had identified with Quick Books as it brought about the much needed accounts solutions to most of the owners who were not qualified enough to keep accountants. This brought on disputes with the accredited accounts body as the software did not follow the set some basic accounting principles as well as the increasing possibility of fraudulent activities. These shortcomings have been soon dealt with after deliberations and therefore Quick Books has been able to meet the all the needs of the big players as well. As a result, it gathered up to 94% of the market.

We are to understand that Quick Books came into play as a simple software for the small business owners accounting needs. However, in almost three decades, it had diversified so as to meet the needs of the layman accountant as well as the professional. It has diversified so as to meet the needs of different industrial niche such as production, processing and the like.

Ever since its inception, Quick Books has been customized so as to meet the different accounting needs of regions such as Canada and South Africa. Different versions have been made to accommodate the VAT needs of states such as the UK and South Africa as this vary with every region.

Users can pledge a monthly amount so as to be able to use the online format rather than paying right away at the beginning. A user is able to access different browsers as well as have the software installed in their smart phones such as Blackberry and iPhone. Because of this facility more businessmen are being inclined to this as they can keep track on their accounts thanks to the portable platform facility of this tool.

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

It is to our understanding that the various Quick Books software in use primarily depend with the region and whether it will be online or desktop mode. The online version does not have all the features that the desktop version has. It is also understood that there are variances brought about in regions as a result of different accounting and VAT standards and principles.

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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