As a small business owner, choosing the right accounting software is crucial. You need a platform to handle your bookkeeping, accounting, payroll, reporting, and other financial management needs.
With so many options on the market, deciding which solution is best suited for your company can be daunting.
However, for most small businesses, QuickBooks is the top accounting software among the rest.
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10 Reasons You Should Go For QuickBooks
Here are 10 compelling reasons why QuickBooks should be your preferred financial platform:
1. Intuitive and Easy to Use
QuickBooks is designed specifically for non-accountants and small business owners.
The interface is intuitive and easy to navigate, even without accounting experience.
You don’t need an advanced finance degree to effectively set up your books, manage transactions, or run financial reports in QuickBooks.
Robust features are built into QuickBooks but accessible through simple menus and workflows.
The learning curve is minimal compared to other accounting platforms geared more toward large enterprises. With QuickBooks, you can be up and running in no time.
2. Comprehensive Accounting Capabilities
Don’t let the simple interface fool you – QuickBooks has comprehensive accounting capabilities.
The feature set equips you with everything a growing business needs, including:
- Accounts Payable
- Accounts Receivable
- General Ledger
- Invoicing
- Expense Tracking
- Inventory Management
- Fixed Assets
- Project and Class Tracking
- Payroll Integration
- Reporting and Dashboards
No other software consolidates so many financial controls in an intuitive package like QuickBooks.
3. Scales With Your Business
Many business owners worry that they will outgrow their original accounting platform.
QuickBooks eliminates this concern by providing flexible plans that scale to meet your evolving needs.
Start with Simple Start for bare basics. As you expand, upgrade to Plus for managing bills. When you have employees, upgrade again to handle payroll.
At each stage, QuickBooks seamlessly scales up without any data migration headaches.
You can smoothly upgrade to more advanced capabilities like customizable classes, locations, and reporting. QuickBooks grows with you.
4. Industry-Specific Editions
QuickBooks also offers industry-specific editions designed for the specialized needs of:
- Retail & e-commerce
- Manufacturing
- Nonprofits
- Professional services
- Construction
These tailored versions include unique charts of accounts, workflows, reports, forms, and features that streamline bookkeeping for specific verticals.
Regardless of your niche, QuickBooks likely has an edition with tailored financial tools that speed up your accounting.
5. Mobile App
As a business owner, you need accounting access anytime, anywhere. QuickBooks’ mobile app enables managing finances remotely via any smartphone or tablet.
You can:
- View profit & loss, account balances
- Create and send invoices
- Capture receipts
- Record payments received
- Reconcile accounts
- Approve bill payments
This allows you to run your books on the go and stay tapped into your financial position 24/7.
6. Bank Synchronization
Connecting your business bank and credit accounts to QuickBooks saves tons of time reconciling and recording transactions.
Transaction data will auto-download into the appropriate accounting categories.
You can sync accounts from thousands of financial institutions to eliminate manual entry.
Automatic bank feeds save weekly hours and ensure accurate books without tedious reconciliation.
7. Project Tracking
Keeping tabs on project financials is critical but often cumbersome for service businesses.
QuickBooks’ project management tools make it painless to track time, expenses, invoices, and profitability for each project.
Gain visibility into real-time budgets versus actuals, billable time logs, and per-project profit/loss.
This ensures every project stays on track financially and profitably.
8. Integrations and Add-Ons
One of QuickBooks’ major benefits is seamless integration with other business applications through APIs and add-ons.
Extend capabilities by connecting:
- POS systems for retail
- Timesheet apps for contractors
- Billing and subscription management tools
- Payroll providers like Gusto, ADP
- E-commerce platforms like Shopify, WooCommerce
- Document management and storage
- Many more!
Whatever your tech stack, QuickBooks likely plays nice with it through add-ons.
9. Cloud Accessibility
QuickBooks Online runs seamlessly in the cloud and is accessible from any wired device.
This allows for easy collaboration across locations and remote work arrangements.
Cloud-based access means no more software discs or updates required. Automatic backups also keep your data ultra-safe from crashes or disasters.
You can control permissions to enable accountant and bookkeeper access for seamless multi-user workflows.
10. Affordable Pricing
Priced per month, QuickBooks offers simple, transparent pricing starting as low as $15/month for up to 3 users.
Advanced plans add more features for just $35 or $80 per month.
Unlike other accounting systems that nickel and dime for each add-on, the core QuickBooks plans include access to nearly all features.
For most small businesses, the low monthly rate is a stellar value.
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Conclusion
QuickBooks should be at the top of your accounting software list. The deep feature set, ease of use, mobility, scalability, and integration capabilities outshine competitors.
Don’t overcomplicate your financial management – QuickBooks provides everything you need to run the books easily.
QuickBooks often runs discounts for up to 50% off the first 6 months. Take advantage of special savings for a low commitment.
QuickBooks guides you through importing your existing charts of accounts, customer records, past transactions, and financial histories in a few clicks.
With real-time visibility into the financial pulse of your business, you will gain control of your books and build a foundation for scaling success.