WHAT IS Quickbooks Desktop?

Choose the right sales form and bill your customer.

Receive payments from your customer.

Pay your bills.

Customize your sales forms.

Set up your password and additional user.

Back up your QuickBooks data.

INTRODUCTION OF QUICKBOOKS DESKTOP

Quickbooks is one of the most popular software accounting in 2024. It offers to small businesses and bookkeeping in accounting and finance solutions for small businesses. if you set up a small business and you hire full-time hire as a fresher, freelancer, employees, etc. You sign up for the QuickBooks payroll to pay the payment and quicksbooks keep track the billable in time. In the QuickBooks desktop payroll is an important role in any small organization to set up a small business.

FIVE BASIC FUNCTION OF QUICKBOOKS

VENDOR: It is the first function that is used in QuickBooks.It also allows users to purchase orders and sell the product record the inventory and enter the bills to schedule the supplier payment.

CUSTOMER: Quickbooks to manage the accounting receivable process of the business. This function is used to create the account print the invoices and also email them to the customer. It is the second most important function in QuickBooks.

EMPLOYEE: It is the third most important function used in Quickbooks. It is used in accounting to keep the record of employees in the timesheet.

COMPANY: It is the fourth function that is used in QuickBooks.It helps to create and update the chart of accounts of employees. It allows a user to keep simple and create a chart of accounts in the closing month it is the pre-set roll of bills.

BANKING: The banking function is the fifth function in QuickBooks which is used to keep records of payments in the bank account and also keep the transaction of payment in an account. It also creates the billing record of employees.

USES OF QUICKBOOKS

1. INVENTORY MANAGEMENT: Inventory means customer by the product and sales of the product. purchasing the product and selling the product goods and services.
2. FINANCIAL REPORTING: In the financial reporting keep the record of customers.Monitoring, controlling, managing, and recording the company's financial process.
3. PAYROLL MANAGEMENT: It is an important role in any small organization to set up a small business.

ADVANTAGE OF QUICKBOOKS

1. Simple and easy to use of records of employees.
2. Quickbooks easy to manage taxes and sales.
3. Quickbooks is used to setup a small business.
4. Quickbooks also manages and keeps a record of financial reporting.
5. Quickbooks is constantly improving and evolving.
6. Quickbooks also manage inventory management.

HOW QUICKBOOK WORK

There are many options available you don't need to sign up for all the quicksbook services at all once. You can start a single app like payroll or accounting such as expanding as you can. If you outgrow any services then you choose any service and remove or upgrade as you need as much. Simplify small business accounting and automate tasks such as payroll, accounting, monitoring, controlling, budgeting, sales taxes, invoice management, financial management, bank accounting, etc. Quickbook desktop to design or run with window.they also used to create the account and then sign up with qickbook. It is important to use the QuickBooks.Its is also allows the user to track financial management like money and expenses, expenditures, and liability in real-time.QuickBooks is also a user-friendly accounting software It is also used in time tracking and and billing.

FIVE DISADVANTAGES OF QUICKBOOKS DESKTOP

1. Open to manipulation: quick book unlike more unrobust solution which makes it very easy to manipulate the data on one hand if you make a mistake in entries of bookkeeping accounting then it is very easy to go in and fix that but it is a little chance someone has to manipulate your data.
2. Limited file size and user: QuickBooks would have some limitations for the file size and user it could handle at a time. if all a have you suddenly need a large transaction volume or several people working in the system at once then there will be a chance that software performance will suffer.
3. Lockluster invoicing: lackluster invoicing means wrong data, incorrect description of items or services, and also wrong tax details and

tax rate and the amount is also a lackluster invoicing.

4. Limitation integrated opportunity: If you are planning to connect new QuickBooks with other tools as your business grows then it may disappoint you. If you depend on some QuickBooks integration you must research its availability in detail before buying it.

TIPS AND TRICK FOR USING QUICKBOOKS EFFECTIVELY:

keeping your data organized in a good manner is one of the most important things to remember when using QuickBooks. It means creating accounts in each business entity in a separate way when you arrange the data in a good manner you will find the information quickly.

Quickbook can generate a variety of reports that can help you to track the report easily, and your finances can be informed easily. Hiring bookkeeping and accounting services to manage your finances helps save time resources etc.

I am Kezi Singh here i can give you brief description of the QuickBooks desktop.