Of course, you can ignore this and do things your way. You must use an accounting system that will reflect your income. Most likely, you couldn't be more wrong.ĭid you know that federal law requires that you have an accounting system in place for your business? You are required, as a business, to have the ability to account for your taxable income. Or you think you just don't need an accounting system because there's not enough money to count. Perhaps you're a very small business without any (or many) employees. If you're a savvy business owner who doesn't like to spend money on things you really don't need - or wants to keep things as simple as possible, you may think to yourself that you don't even need QuickBooks. And when you factor in how easy it is to use, it's safe to say your company will fall in love with this software.ĭoes a Small Business Need QuickBooks 2013?
That is why it is great for small businesses that maybe can't afford the cost of a full time accountant or bookkeeper. This means if you're bad at math, aren't really sure how to "keep the books," or really how to do anything on the financial side of your business, QuickBooks can do most of it for you. Of course, nothing replaces the legal and financial advice that a qualified CPA can give you, but for the tasks listed above, QuickBooks can handle the job for you - even if you don't understand accounting procedures. Indeed, QuickBooks can almost serve as your small business's accountant.
As we already said, it was created for small businesses, and makes the task of "keeping the books" a lot easier and automated. This means you can print employees' payroll checks and use the software to track the time they've worked. The QuickBooks software also allows you to print your own checks. You can use it for entering receipts, tracking expenses, invoicing, payment tracking, tax tracking, purchase orders, and even to prepare reports and statements regarding your finances. QuickBooks can be used for almost all financial business processes. QuickBooks 2013 is an accounting software program created by Intuit for small businesses and self-employed professionals.You can purchase the QuickBooks 2013 software online from Intuit or other vendors, and you can also purchase it in some stores.The purpose of QuickBooks 2013 is to give businesses the power to do all of their own accounting, including invoicing, payroll, and paying bills, right from the convenience of their desktop computer, possibly eliminating the costly expense of a full-time accountant.
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