Tech

Is QuickBooks A Good Fit For Personal Finances?

QuickBooks is financial management software. It includes features like tax filing, payroll, and inventory. Budgeting, reconciliation, payment processing, and bank account tracking. Account payable management mapping features are available via Google Maps integration.

It is very useful and can help users with almost any business issue. QuickBooks offers many wonderful features to small and medium-sized businesses. You can subscribe to QuickBooks for a fixed monthly, yearly, or annual subscription via desktop, tablet, or smartphone. We will also find out if the software is suitable for personal use.

QuickBooks for Personal Finances

QuickBooks Self-employed is only available to self-employed users. The balance sheet and pay slip can be printed by QuickBooks users. QuickBooks’ interface is very simple and intuitive. The setup process of QuickBooks is easy for users.

QuickBooks for Mac

QuickBooks for Mac 2013 is now available for small business owners. QuickBooks for Mac 2013 lets you keep track of sales and create invoices professionally. You can also generate year-end reports. The software can also be used for personal purposes.

If users need enterprise-level capabilities, however, they should use the PC version of the software.

System Requirement

QuickBooks 2013 for Mac requires Mac OS X 10.7 or higher. The minimum hard drive size for Core 2 Duo processors is 250 MB.

QuickBooks Database Server Manager

QuickBooks Database Server Manager allows multi-user access. These activities are performed by the tool:

  • To scan the QuickBooks company file.
  • Verify that the storage facility is local.

QuickBooks POS

Intuit created QuickBooks POS to help retail store owners keep track of sales, purchases, inventories, and inventory. It allows you to manage client information like names, addresses, phone numbers, etc. QuickBooks offers many features, including barcode scanning and refund discounts. QuickBooks POS is available in three flavors: POS Basic (POS Pro), and POS Multi-Store (POS Pro).

These are just a few of the features available in QuickBooks POS:

Employee Management

Multi-Store and Pro versions of the software allow users to manage staff details like working hours, performance, commissions, and so on. These programs can also keep safe records and regularly update QuickBooks accounting software.

Gift Cards and Discounts

It allows you to quickly gain a better understanding of your customers based on their purchase history. QuickBooks POS lets you offer discounts or gift cards to customers for special occasions like birthdays and other events. The software helps to build positive relationships between retailers and consumers.

Inventory Management

The software provides an easy-to-use inventory management tool. Inventory management allows you to monitor inventory storage, forecasting, tag modification, and other aspects.

  • Track Quantity: When a user buys or sells a product, the application updates automatically the record of the quantity bought or sold. It allows you to easily track the products that need to be reordered and sold.
  • Real-time Inventory Valuation: This software assists in updating inventory. The balance sheet automatically updates the inventory on a daily basis.
  • Keep track of your purchase orders: QuickBooks can help you keep track of all the orders that you place with each vendor. It organizes all the contact information of merchants and creates a list that can be accessed easily.

Hardware compatibility

QuickBooks Point of Sale software can be used with many devices such as tag printers and cash drawers, barcode scanners, and receipt printers.

Also Read- Here are some simple ways to fix a QuickBooks Update Error

Pricing

QB POS costs slightly more than other POS systems. QuickBooks POS Basic is the most affordable edition, costing just $1,200. POS Pro and POS Multi-Store are the two other editions of the software. They cost $1,700, $1,900 and respectively, 

 

FeaturesQuickBooks POS
Developed byIntuit
Number of Users1-99
InterfaceDifficult
Customer ServiceModerate
PricingExpensive
Customer Management FeatureAvailable
Electronic SignatureNot Available
HardwareOld Fashioned and Expensive
Best Use inSmall or moderate business/retailer.

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Conclusion

The above blog should have helped you get a better understanding of QuickBooks. Now you can make an informed decision about whether or not to use the software to manage your personal finances.

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