As automation becomes increasingly pervasive, small and medium size firms are being introduced to the revolution of cloud computing by software like QuickBooks Online, helping them reduce time and money spent on financial accounting and management. The software is ideal for those who prefer working online, are looking for a low maintenance solution, run a service based business and need a product that can grow with them.
As their website explains, QuickBooks Online is essentially an upgrade of the desktop version by Intuit that now comes with powerful features and functions. While both help to systematically manage financial data, the online version adds flexibility to the software. Though available in different versions according to the varied firm requirements, the software is ideal for and most popular among small and medium sized businesses which often face a drawback in comparison to larger firms because of limited financial resources. Ways in which QuickBooks Online saves time:
Access anytime and anywhere – Data and technology are both instantaneously available on the cloud. Users can access and work on data anytime and at any time by logging into their QuickBooks account. They can add and edit customers, clientele, vendor and employees, create lists for each of these categories, add and edit the list, create and email invoices, view bank account details, credit card balances, view balance sheet and P&L statements. Users can create custom reports and feeds. iPhones, iPads and Android can all be used for the software.
In current times, it is not just beneficial but essential for businesses to adopt technology driven software solutions such as QuickBooks Online. The software has enabled streamlining the management of financial data, which was until now undoubtedly one of the biggest challenges faced by small and medium firms.