Hello! I am QuickBooks 2017, do You Want to Embrace Me?
Intuit has always surprised the industry with its latest QuickBooks versions, by including astonishing features, user-friendly experiences. Modifying existing options to make it more competitive to the current business needs. There have always been some doubts about its market values after observing a fierce competition amongst accounting software vendors but QB is always defied all the odds and tops the list. The market leading credibilities don't come suddenly, it requires vast experience of research and development. Intuit has many resources like Pro Advisor Programs, all forms of support, efficient and communicative blogs. Forums to gather insight information about the needs of the accounting industry. Produce a masterpiece in the form of a new version of QuickBooks application. Like everyone else, you may be very excited to know what're those buzz that QuickBooks consists of? How's it again going to lead the race?
The best choice is often dependent upon the size of the business and the employment of full time accountants, accounting staff, bookkeepers or management of the accounting records by the proprietor. Every business needs to choose the most appropriate accounts package according to both the requirements of the business and the capabilities of the person or people who will operate the accounting solution.
Many small businesses do not benefit from sophisticated accounting software if the technical requirements of that software exceed the abilities of the users to produce efficient financial records and use the full capabilities of the accounting software to maintain a high level of financial control.
Alternatively a simple bookkeeping package may not offer the degree of financial control over such financial matters as debtors and credit control, creditors and cash flow liquidity that may be required. Financial control and cash flow is of supreme significance and importance when credit is tight.
Every business needs to maintain a set of books and accounts to satisfy the legal obligations to calculate the net taxable profit which has to be both declared to the taxation authority and provide sufficient financial records to support that calculation.
Up until the mid twentieth century it was common practise to produce accounts handwritten on paper, Typing being reserved for the final set of accounts for publication as required. Handwritten accounting records are largely obsolete for medium and larger businesses although still used by many small business organisations.
With the advent of computers accounting software has become the norm and there are many simple bookkeeping packages that can be easy to understand and offer sufficient levels of financial control for even the smallest business.
In essence each small business has a choice between preparing a handwritten set of accounts, using a simple bookkeeping package which could be based upon spreadsheets...