QuickBooks is a software solutions designed to manage payroll, inventory, sales and other needs of a small business. The software’s features include marketing tools, merchant services, product and supplies and training solutions. Each solution is developed according to different industries and their needs. At it’s most basic level, QuickBooks allows you to keep track of the money coming in and out of your business, how much you owe others, and how much others owe you. This is useful not only for keeping your finances organized, but also in keeping track of how well your business is doing.You
can easily create and send customized invoices with company logo to your customers using
QuickBooks. This makes keeping track of the money owed by your customers (also known as your accounts receivable) easier. It also helps keep track of money owed to others by the business (accounts payable).
With reliable & complete records, QuickBooks organizes your financial records throughout the year, so finding the information you need for tax purposes is easy.
It also offers a varity of reports that could be used to analize how the business is doing.Such examples are,Income Statement (Profit and Loss account),Statement of Financial Position (Balance Sheet),Customer balances,Supplier balances among many others which can be generated per month or at the end of each year. Each report can be exported into Microsoft Excel spreadsheet format and sent electronically via email.