You can even pay bills and receive due date reminders. It can process your invoices, manage sales and expenses, track your employees’ time, and generate useful reports for budgeting and tax purposes. QuickBooks is, at its core, a bookkeeping program. To understand the value of QuickBooks, it’s important to break down the differences between accounting and bookkeeping. It’s true that QuickBooks has revolutionized bookkeeping for business, but is it actually sophisticated enough to replace professional accounting services? It’s understandable that, as a business owner, you want to save money wherever possible, but there are still quite a few financial processes that require the expertise of a knowledgeable human accountant. Research indicates that 64.4% of small-to-medium-sized-business owners use accounting software like QuickBooks on a regular basis, and some are even replacing human personnel with these virtual solutions.
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