Quickbooks Accounting Software Essay - 1569 Words

I. INTRODUCTION Information Technology (IT) is a foundation for conducting business today. It plays a critical role in increasing productivity of firms and entire nation. It is proven that firms who invested in IT have experienced continued growth in productivity and efficiency. Many companies survival and even existence without use of IT is unimaginable. IT has become the largest component of capital investment for companies in the United States and many other countries. Accounting/Finance application systems like Peachtree, Net Suite and QuickBooks let you manage your business with a little or no experience. All three application systems allow the users to manage the companies capital including bookkeeping, inventory,†¦show more content†¦It provides the most comprehensive tools for small business financial management. It is used to track expenses, prepare and send invoices, prepare financial statements, track inventory levels, and many other jobs that small businesses must perform to sta y successful. New versions like Simple Start for new businesses and Enterprise version for larger businesses is currently out on the market available to purchase. Besides the desktop software, QuickBooks is offering an online version which is hosted though the online edition. Simple Start is the so called most simple version. It is designed for users that do not want or need full-fledged accounting software but still want an efficient way to keep track of sales, expenses, and customers. It is designed to help the user see how much money was made in a given month, which invoices have or have not been paid, who are the best customers etc. The Tax Detail report which is also available is designed to help the user save time during the tax time. It creates a report that can be handed to the accountant or the figures could be transferred to the return. Typical price for the Simple Start software package is $99.95. QuickBooks Enterprise Solutions software is the most powerful QuickBooks solution for larger, growing businesses that QuickBooks is currently offering. With the Enterprise Solutions software, one could save thousands in up-front and on-going system costs.Show MoreRelatedCase Study : Quickbooks Software, Company Management And Tax Preparation Solutions For Personal Finance And Small Business Accounting1365 Words   |  6 PagesIntroduction QuickBooks software is created and developed by Intuit Inc. which is a developer of financial management and tax preparation solutions for personal finance and small business accounting. QuickBooks is one of the most widely-used small business accounting information systems in the world. QuickBooks accounting software lets people manage their business with little or no experience. 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