QuickBooks – both Online and Desktop versions – is no less than a blessing for any type of business. Whether you’re a start-up or an established company having multi-currency, various departments and lines of operations, inventory tracking, budgeting, and advanced reporting, QuickBooks by Intuit has the solution to all as it says, “There’s a QuickBooks for every business!”
QuickBooks is an accounting software package developed and marketed by Intuit Inc. The company was founded back in the early 1980s by Scott Cook and Tom Proulx in Mountain View, California, USA. As mentioned earlier, QuickBooks products can very well be used for large enterprises having extensive operations. They are mainly focused on small and medium-sized entities and offer on-premises accounting applications as well as cloud-based versions, including QuickBooks Online (QBO), that accept business payments, manage and pay bills, payroll functions, and many more. Moreover, you can rely on it as your custom Excel software, where you get a lot of space to customize the sheets according to your requirements.
Since its inception, Intuit has grown so much as it provides a complete payroll solution and auto-filing of taxes, along with the integration with around 650 entities, including PayPal, Shopify, and Fathom. The user pays a monthly subscription fee rather than an upfront fee as in its Desktop version.
QuickBooks Online (QBO) is preferred over the Desktop version due to the following reasons:
– It allows integration with various apps, including third-party apps.
– No compatibility issues.
– Data and accounts are more secure as compared to Desktop.
– Accessible PC and its app on the mobile at anytime, anywhere.
– Real-time accounting.
– Better customer support.
Currently, QuickBooks Online has the maximum market share, having over 5 million subscribers all over the globe, with around 60% being in the USA. The chart below demonstrates its market share:
So, it is your decision now when to start implementing for your business success. The Pro Accountants has already created a lot of success stories and is eagerly waiting to make yours! Please reach us here and get your custom solution.
