Benefits of QuickBooks Desktop

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Benefits of QuickBooks Desktop

The desktop version of Quickbooks is an excellent choice for small businesses. It has industry-specific reports and multiple bank feed modes. Plus, it can be shared with up to 25 employees. You can share this desktop version with as many employees as you need. If you want to learn more about Quickbooks desktop and the benefits of Quickbooks desktop, read on!

QuickBooks Desktop is a Desktop Application

QuickBooks Desktop may be the best choice if you’re looking for an all-in-one accounting solution. The program offers more features and benefits than its online counterpart, including industry-specific versions and top-notch invoicing software. Both versions come with a Qbox sharing tool. It is available as a one-time fee or as a subscription.

You can access system features such as My Shortcuts, View Balances, and Run Favorite Reports with drop-down capability. Its menu bar also offers additional navigation features. These features make it easy for you to manage your business and focus on core functions. The program also makes it easy to work with your data.

You can sell QuickBooks Desktop to your customers as a reseller. If you’d like to sell it to your clients, you can purchase a license from Intuit. If you’d like to sell it yourself, you can sell it for a one-time fee and no longer worry about subscription fees.

It Offers Industry-Specific Reports

QuickBooks Desktop offers more than 100 industry-specific reports. These reports help manage vendors. These reports contain all vendors’ names, Social Security numbers, and money paid. You can run these reports before processing the 1099 forms. QuickBooks desktop also features a detailed invoice report.

You can upgrade to QuickBooks Desktop Premier Plus if you need more detailed reports. QuickBooks Desktop Premier Plus includes more industry-specific features and 150 customizable reports. You can also subscribe to QuickBooks Online with monthly payments starting at $30. The total price for the subscription service is $360 per year. Intuit offers a 50% discount on QuickBooks Online when you buy the software annually.

If you’re a nonprofit organization, the industry-specific features of QuickBooks Premier are especially beneficial. Nonprofit organizations have a special tax-exempt status from the Internal Revenue Service, meaning they don’t pay taxes on donations. This type of organization can also prioritize donors and track their contributions. QuickBooks Premier industry-specific software offers features that will help nonprofit organizations produce end-of-year donation reports, including a Statement of Functions Expenses (SFE) for the IRS.

It Allows Sharing With Up to 25 Employees

Choosing the right QuickBooks software for your business depends on the number of users. Different plans offer different features and pricing. In addition, users may have to pay extra for certain features. Users without experience in accounting should avoid QuickBooks Pro, Premier, or Enterprise. Instead, use QuickBooks Online as a cheaper alternative.

You may need a multi-user version of QuickBooks if your business has more than 25 employees. This mode allows multiple users to work on the same company file. It works in a shared network environment and requires a host computer that is connected to the network. This setup can be done on a server-workstation design or a server-only installation. For multi-user use, you must purchase a QuickBooks multi-user license.

QuickBooks Desktop is easier to use than QuickBooks Online for multiple users. The software is designed to make multi-user access easier while protecting confidential data. Users are invited to join a company by email and will need a unique user ID. In some cases, they can use their existing Intuit ID, but it is recommended that they create a new user ID for each new account. During the registration process, they will also be required to enter their phone number for multi-factor authentication. This helps prevent unauthorized access to data. A time-sensitive code will be sent to their phone for authentication. In addition, the Master Admin will be notified of new users via email.