We are passionate proponents of cloud accounting software. The flexibility of being able to access a cloud accounting package anywhere and anytime you have an internet connection makes it a must have in comparison to a desktop based software package.
One of the main cloud accounting packages available is Intuit QuickBooks. It is used by 1.48 million worldwide and has 3 types of subscription offerings. The current retail price of the most advanced offering called ‘Plus’ is $35 per month. It you subscribe to Intuit QuickBooks via an Intuit Pro Advisor such as myself then it will be even cheaper than that.
20 benefits of the ‘Plus’ subscription to Intuit QuickBooks Online are as follows:
- Download transactions from your bank and credit card accounts
- Access your data online from a PC, Mac, tablet, or smartphone
- Free Payroll for up to 10 employees
- Multiple users can simultaneously use QuickBooks Online
- Intuit backs up your data automatically
- Same security and encryption as banks
- Give employees and subcontractors limited access to enter time worked
- Track billable hours by customer
- Track sales and profitability for each of your locations
- Send unlimited quotes and invoices on the go
- Invite your accountant to access your data
- Import and export from Excel
- Free data import from MYOB and Reckon QuickBooks (applicable for some versions only)
- Track your income, expenses and profits
- Handle Complete BAS
- Manage and pay bills
- Control what your users can access
- Create and send purchase orders
- Track inventory
- Set up invoices to automatically bill on a recurring schedule
