Sherwin Currid: Your Go-To QuickBooks Accountant

What is QuickBooks Accounting Software?

QuickBooks is a leading online accounting software designed to help small businesses manage their finances efficiently. With its user-friendly interface, robust features, and intuitive design, QuickBooks is the perfect tool for businesses that want to streamline their accounting processes and focus on growing their business.

One of the key features of QuickBooks is its ability to automate many of the accounting tasks that can be time-consuming and prone to errors. For example, QuickBooks can automatically categorize transactions and reconcile accounts, saving businesses valuable time and resources. This automation also reduces the risk of human error, ensuring that financial information is accurate and up-to-date.

In addition to its comprehensive features, QuickBooks is also known for its excellent customer support. Users can access live support via phone or chat, and there is a vast library of articles and tutorials available online. QuickBooks also offers free webinars and video tutorials, making it easy for users to learn how to use the mobile app and utilise the variety of features offered.

Up to date information for decision making

QuickBooks also offers a wide range of reporting options that provide valuable insights into a business’s financial performance. Users can generate custom reports that analyse their business finances income and expenses, cash flow, and profitability. These reports help business owners make informed decisions about their finances and identify areas for improvement.

A wide range of available add-ons and third-party integrations

In addition to its core accounting features, QuickBooks offers a range of add-ons that help businesses manage their operations more effectively. For example, QuickBooks Payroll provides an easy and reliable way to manage employee payroll, while QuickBooks Online Advanced offers advanced inventory management and workflow automation features.

One of the unique features of QuickBooks is its ability to integrate with a wide range of third-party applications. This allows businesses to customize QuickBooks to meet their specific needs and integrate it with their existing systems. For example, QuickBooks can integrate with popular applications such as Shopify, Square, and PayPal, making it easy to manage online sales and payments.

Cloud based with strong security

Another advantage of QuickBooks is its cloud-based architecture, which allows businesses to access their financial reports from anywhere with an internet connection. This is particularly useful for businesses with remote workers or multiple locations, as it allows team members to access the same data regardless of their location.

QuickBooks also offers excellent security features to protect users’ financial data. It uses bank-level encryption to keep data safe, and users can set up two-factor authentication for an extra layer of security. QuickBooks also offers automatic backups of financial data, ensuring that it is always safe and accessible.

Why is cloud accounting the future for small businesses?

Cloud accounting is quickly becoming the future for small businesses due to its numerous benefits and advantages. The key benefit of these softwares is the compliance with HM Revenue and Customs’ new Making Tax Digital (MTD) campaign. Under the current plan all reporting will eventually be undertaken through cloud based software which means implementing suitable applications, such as QuickBooks, early on will ensure you remain compliant.

Is QuickBooks the right product for me?

QuickBooks is powerful accounting software that offers a wide range of features to help businesses manage their finances effectively. Its automation, reporting, and integrations make it a comprehensive tool for small businesses, while its affordability and flexibility make it an attractive option for businesses of all sizes. Its cloud-based architecture and excellent security features also make it a secure and accessible tool for businesses with remote workers or multiple locations. With its easy-to-use interface and excellent customer support, QuickBooks is the perfect tool for businesses that want to simplify their accounting processes and focus on growing their business.

Sherwin Currid Accountancy have many years of experience supporting clients using QuickBooks as well as the other main cloud based accounting products. If you are unsure which is the best for you please get in touch and we will be able to advise you on this choice