QuickBooks is an accounting software aimed at small-midsized businesses
Is QuickBooks the right app for you?
QuickBooks helps small-midsized businesses monitor their accounts and see invoices. It makes it easy for smaller businesses to track their finances and understand the numbers.
One of its unique features is inventory tracking or class tracking which allows you to categorise income and expenses by class. All within one software.
But what stands out the most with Quickbooks is its VAT error-checking feature, which checks your VAT returns for any mistakes and highlights them for further review. It tries to make the process as simple and as stress-free as possible.
The system also offers a much faster way of managing payments. Not only does the system match the payments to the invoices posted in your accounts, but it also helps you collect payments from the customers quicker via a direct debit option set up.
Finally, let’s not forget about the dashboard functionality, which allows you to see how the business performs in a snapshot- i.e. how much is owed to the business, what bills are to be paid, what was the income and expenses for the last month/quarter/year, how the business sales grew over time.
With this software, you can manage your business from anywhere on your laptop, tablet or even a phone, and within using just one app.
Many users have praised QuickBooks for its easy-to-navigate and clean user interface.
Starter: £6 per month for the first 4 months, then £12 per month | Essentials: £11 per month for the first 4 months, then £22 per month | Plus: £16 per month for the first 4 months, then £32 per month | Advanced: £35 per month for the first 4 months, then £70 per month
Xero, Sage, Twinfield
QuickBooks accounting software helps businesses to manage their accounts and understand their numbers
QuickBooks has multi-currency functionality, whereas some competitors don't have this
Starter: Tax, Support, Admin and Forecasts | Essential: Everything in Starter + extra currencies and ability to track staff | Plus: Everything in Essential + project profitability functionality | Advanced: everything in Plus + advanced reports, automated workflows and batch invoices
QuickBooks is cheap in comparison to its competitors | QuickBooks has a Payroll add-on for £2 extra per month
QuickBooks has only allows a certain number of users. If you're growing then you'll need to upgrade packages frequently.