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Quick Books

Pandiri Ramu (Business Analyst) (613 Points)

14 January 2008

Dear Friends/Sir,

Could you please let me know the meaning of Quick Books.

Thanks in Advance,

CA P.RAMU

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4 Replies

Late CA Sampat Jain (Chartered Accountant) (4772 Points)
Replied 14 January 2008

General Features & Use Small businesses use QuickBooks for most financially-related business processes, from entering sales receipts, tracking expenses, preparing and sending invoices, sales tax tracking and payment, preparation of basic financial statements and reports, and inventory management. The program also includes MICR check printing and options for employee payroll and time tracking. For most tasks, QuickBooks doesn't require users to understand or standard accounting procedures. Most transactions are recorded using on-line screens that closely resemble paper based forms such as invoices or checks. [edit] Recent Feature Additions Intuit has integrated several web-based features into QuickBooks, including remote access capabilities, remote payroll assistance and outsourcing, electronic payment functions, online banking and reconciliation, mapping features through integration with Google Maps, marketing options through Google, and improved e-mail functionality through Microsoft's Outlook and Outlook Express. For the 2008 version, the company has also added import from Excel spreadsheets, additional employee time tracking options, pre-authorization of electronic funds and new Help functions. In June 2007, Intuit announced that QuickBooks Enterprise Solutions would run on Linux servers, whereas previously it required a Windows server to run.[4] [edit] Software as a Service QuickBooks is also available as a hosted solution (see software as a service), which Intuit calls QuickBooks Online Edition. The user pays a monthly subscripttion fee rather than an upfront fee and accesses the software exclusively through secure logon via a web browser. QuickBooks Online requires an ActiveX control that operates only with the Windows operating system. Intuit hosts all of the user's data, and provides patches and regularly upgrades the software automatically. [edit] Add-On Programs Through the Marketplace,[5] Intuit has encouraged third-party software developers to create programs that fill niche areas for specific industries and integrate with QuickBooks. These systems often provide enhanced options for payroll, inventory, distribution, billing and other functions. [edit] Competitors Among the primary competitors to QuickBooks is Sage Software, which produces several programs for business accounting, including two lines aimed at the small business market: Simply Accounting and Sage Peachtree. Microsoft entered the small business accounting market in 2004 with Microsoft Small Business Accounting and then in 2005 with Microsoft Office Accounting Professional and Accounting Express

V.S. Balasubramanian (QuickBooks Pro Advisor Consultant & Trainer) (145 Points)
Replied 07 October 2011

Kindly go through the report moudle of QuickBooks which is very fantastic and useful to the Auditors those who wants to have macro level of report.

V.S. Balasubramanian (QuickBooks Pro Advisor Consultant & Trainer) (145 Points)
Replied 08 October 2011

Hi Friends

Good news. I am very happy to inform that we will be getting the Quickbooks for India very soon. At present Intuit released the beta version of Online Edition of Quickbooks for testing purpose. I have throughly checked the each & every module and found that it can be used for Indian Book Keeping. It has the features of TDS, VAT & Service Tax.

This is only online Edition and you can use it for free for the time being.

www.intuitqbo.in

https://quickbooksonline.co.in

To help Indian users, I have obtained Pro Advisor from QuickBooks (Intuit). I amplaced in Chennai (India)

If any consultation and assistance required, please get in touch with me. I can be reached on my mobile +91-99406.55579 or qbchennai @ yahoo.in; chennaiqb @ yahoo.in

V.S. Balasubramanian

PriyankaD (Consultant) (252 Points)
Replied 05 March 2021

QuickBooks is the most popular small business accounting software businesses use to manage income and expenses and keep track of the financial health of their business. You can use it for invoicing customers, paying bills, generating reports, and preparing taxes. The QuickBooks product line includes several solutions that work great for anyone, from a freelancer to a midsized business.

Know more about QuickBooks,Using QuickBooks Desktop for Accounting