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The Benefits of QuickBooks Online - Essay Example

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The design offers many advantages with regard to the demerits as compared to traditional approaches. The team findings as is elaborated below are…
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The Benefits of QuickBooks Online
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Benefits of Quick Books Online Insert Insert Quick online has been developed as a platform which enhances calculations in the accounting department using inbuilt formulas. The design offers many advantages with regard to the demerits as compared to traditional approaches. The team findings as is elaborated below are evidence for the positive aspects I agree with the platform offers.
The technique allows the user to key in the figure while it performs all the calculations with the utility of inbuilt functions. In that regard, the approach to accounting offered by quick book online minimizes errors. The template forms developed for data entry on the quick book platform is imperative for the consistency the approach offers in data entry (Keep it Simple Accounting, 2013). Moreover, functional entities including the state abbreviations, phone numbers and dates have consistent formats. I acknowledge these findings owing to the simplicity it offers to the analysis of data and report generation.
The highly built relational table structure allows propagation of changes throughout the system in case a single entry is altered. The inbuilt functions can be tuned to suit a given scenario. For instance when implementing a new tax policy, changing the tax rate in one entity amounts to a propagated change across the system’s sale records. I guarantee the platform offers more benefits in line with query endeavors. Searching for information is an ease yet quick. It has capabilities to sort, filter and display the specific information as needed and queried by the user. In that respect, multiple reports based on different templates and formats can be viewed or printed (Keep it Simple Accounting, 2013).
The platform offers the capacity to track bounced checks, report in instant clicks and customizable content generated for clients. The functions support the advantages offered by quick books that I regard to be true. The utility that enables import of bank activity into quick book online makes it even better in the accounting process. Within the record is the contact information for vendors, manufacturers, clients, and employee (Keep it Simple Accounting, 2013). With such information at the user’s disposal quick books becomes a key tool in the financial division of an institution.
The user interfaces developed are better set with the user in mind. They offer in a friendly way and an icon approach to functions. The profile of a company can easily be developed with quick books online making it a superior tool. I specifically adore the interview approach to customization of the quick book for a given business. It enhances specific functions of a business to be captured (Keep it Simple Accounting, 2013). I regard the findings true, and an elaboration of quick book fundamentals making it a powerful platform in financial accounting.
Reference
Keep it Simple Accounting. (2013, August 14). QuickBooks Online Advantages over QuickBooks Desktop. Retrieved May 5, 2015, from keep it simple accounting: http://keepitsimpleaccounting.com/quickbooks-online-advantages-over-quickbooks-desktop/ Read More
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