What Is QuickBooks & How Does It Work?

quickbooks accounting

Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. You can be more productive with QuickBooks Desktop by getting a hosting provider. QuickBooks hosting lets you access your Desktop software anywhere through a remote server. Read our review of QuickBooks Online to learn more about the tool. We compared its four versions in our QuickBooks Online comparison.

https://quick-bookkeeping.net/ software is mostly used by small organizations to manage invoices and payments and to monitor cash flows. It is also used to prepare monthly and annual financial statements. However, few small businesses try to manage QuickBooks on their own, while others take the help of an external bookkeeper. It comprises all the tools related to accounting, payroll, inventory, tax filing, bank reconciliation, and much more. Moreover, this software can combine with other software to provide additional functionality.

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NetSuite SuiteBilling can combine one-time product or service purchases with recurring services on a single bill; for example, a mobile phone, its activation fee and first month of service. SuiteBilling also supports multiple subscription billing options, including fixed rate (annual, multi-year and monthly), consumption-based or a combination. You can also manage promotional pricing, such as a discounted rate with adjusted automatic billing after free trial period, and easily modify contracts or put subscriptions on hold and restart. For invoicing, QuickBooks offers the upside of tracking sales and delivering automatic receipts and invoices with just clicking a button.


All QuickBooks Enterprise plans are available only via monthly or annual subscriptions, depending on your plan. Only Desktop version users who don’t use any add-on apps will be unaffected. How much you’ll pay for each service depends on the service tier you buy. Because QuickBooks Online is cloud-based, it is a great option for those who need QuickBooks access while not in the office. If you’re a QuickBooks Online user who wants these Desktop features, many third-party apps offer them for an extra charge.

Does QuickBooks Online offer a mobile app?

Claim every entitlement at tax time with your expense receipts stored and sorted in QuickBooks. In this article, we will discuss what QuickBooks is and how it works so that you can understand the different ways in which it can help you save time and be on top of your financial statements. In the “Tax ID #” area, enter your Employer Identification Number or Social Security number. When asked what the company’s business structure is, select the tax structure you have chosen for your LLC to be treated as.


QuickBooks Online is a great small business accounting software, but it isn’t a one-size-fits-all solution. Whether you find it expensive or difficult to use or are looking for something that it doesn’t offer, there are plenty of substitutes for you to consider, including a free QuickBooks alternative. The best QuickBooks product depends on your needs and the size of your business. SMBs needing remote access to their account files should choose QuickBooks Online. If you want the speed and usability of a desktop software, then QuickBooks Desktop is preferable. If you’re a freelancer, you should consider QuickBooks Self-Employed.

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