There are many firms out there who understand the importance of keeping everything in balance and this is the main reason why these firms have been able to become successful. It doesn’t matter how small a decision is in your firm or how easy it is, you should never take any decision related to your firm in hurry and if you will adopt such an approach then you will be able to minimize the chances of failure and you will also be able to fuel your growth rate without any hassle and that too quickly.
QuickBooks for Existing Businesses
If you are already running a business then you must be aware of the fact that how important it is for your firm to keep the financial accounts updated and this is why so many businesses are very much concerned about the way they deal with their finances. Now, small and medium-sized businesses are not completely dependent upon accountants for maintaining their books and all the credit goes to the easy to use and implement accounting software solutions that have completely changed the world of accounting for both professionals and modern-day businesses. With the help of these accounting software solutions, both small and medium-sized businesses can deal with the accounting on their own and without any help from accountants. This is the beauty of technology.
But even when you will be managing your books on your own, the one thing that you will have to keep in mind is you will need to choose the right accounting software for your firm. There are surely many accounting solutions out there but not all of them will be good for your firm. But there is one accounting software solution that can prove to be a magic wand for all the businesses out there and it is known by the name of QuickBooks.
Developed and marketed by Intuit, QuickBooks is one of the most advanced, easy to use, and fruitful accounting software that can make bookkeeping a pie for everyone. This is one of the main reasons why QB has more than 85% of the market share and it is still continuing its dominance. But even in QB, you will become confused when it will come to choosing the right version. There are a couple of versions of QB and you will need to keep the following things in mind while choosing the best one for your company.
Size of your company
One of the first things that you will have to keep in mind while choosing a version of QB is the size of your firm. It’s true that this accounting software has been specially designed for both small and medium-sized businesses but even in the small and medium-sized businesses, there are many categories and you will need to make sure that the version you are choosing fits perfectly according to the size of your firm. If you have a very small firm with only a couple of employees then working with the very useful QuickBooks Pro will be the best choice for you.
But if you are running a medium-sized firm that has more than 20 employees in it then you will need to go with the most advanced and powerful accounting solution version of QB that is known by the name of QuickBooks Enterprise. If there will be a mismatch in the size of your firm and the version of accounting software you are choosing then you will never be able to fulfill your goals.
Other services you need
If you are going to choose an accounting software and thinking that you will only maintain your books with it then you have surely underestimated the power of modern-day accounting solutions like QuickBooks hosting. You should know that with the help of your accounting software, there are many other things that you can do and you will have to consider these extras that come along with your accounting software if you are planning to choose the right version of the accounting software solution.
For example, if you are running a business in which you need advanced inventory management and you don’t want all the data from the inventory to be fed manually to your accounting software then you will need to choose the Enterprise version of Cloud QuickBooks hosting provider as this will give you all the inventory management features that you need and you will be able to automate data entry from the inventory to your accounting software without any hassle.
Ease of use
There is no denial in the fact that all the versions of QB that you will be using on the cloud platform will be very user-friendly and you will not need to spend much time in learning the features of the accounting software but still, you will need to make sure that the version of QuickBooks you are choosing is easy to use for you.
You will never wish to spend hours on a version and still not being able to master it because if you will move with such a kind of approach then you will never be able to focus on your core competency and thus you will start losing the grip on your business.
If you will consider the above mentioned things then you will be able to choose the right version of the accounting software solution without any hassle and without any mistakes.