In this review, we are going to look at Quickbooks online financial management software.
Quickbooks Online is developed by Intuit and comes in various versions. We will look at the available versions later, but for now, let’s look at the features that are available in Quickbooks.
This is one of the main breakthroughs in modern times, that make businesses run so smoothly and efficiently. With Quickbooks, you can access your account and manage your business anytime, anywhere in the world. So all you need is just a phone, tablet or computer and an internet connection.
To assess your business performance, it is prudent to be aware of the expenses that you are incurring, and keep a proper record for tax purposes as well. With QuickBooks, this is taken a notch higher by adding a mobile app. You can photograph and save receipts with the Quickbooks Online app.
All this being done online, you don’t have to wait to send invoices to your clients. Just create professional invoices, sales receipts and estimates that you can send within minutes which increases business efficiency.
Periodic accounting reports enables assessment of business performance, to determine what changes need to be made to ensure efficient performance. With the customizable reports and dashboard, you can generate accounting reports within minutes, thus assess your business performance.
Cash flow management
You can record bills from vendors and only pay them when they are due. In case you have recurring payments like water and electricity bills, you can schedule these payments which will save on time.
With the ability to let your accountant access your accounts from anywhere, he/she can work from anywhere, therefore making sure that the records are maintained properly, and reports can be generated anytime.
Have you ever lost data? The loss of such can be so significant, especially in the case of big companies. But with QuickBooks, this is taken care of by daily backups, thus ensuring your data is always up-to-date and available anytime.
One of the key challenges with online data management is the issue of data security. Quickbooks has installed Bank-level security (128-bit SSL encryption), thus ensuring your data is always safe.
Free unlimited support
Quickbooks offers free support, for any queries you may have or follow-up. The support is available from Monday to Friday (7.00 am to 12:00 am) (GMT+8).
It is also worth noting that, there are also offline versions of QuickBooks. These are suitable for companies that just want to access data within an intranet. Check out the intranet versions of Quickbooks here.
Quickbooks Online has three plans available, namely
The features and pricing of these plans are different.