QuickBooks 1Angelica CamachoAccounting 1October 26, 2017QuickBooks is a software tool that has time saving tools that helps streamlineaccountants work. These tools that are provided in QuickBooks help manage customers, venders,clients, inventory, and finances. QuickBooks automatically work in many aspects of managing abusiness by calculating sales tax, tracking products and automatically updating transactions in customer and vendor areas. The report center provides tracking aspects in a business including sales, income, expenses, and overall company growth. As an accountant with QuickBooks; these tools can help in effortlessly managing workflow, collaboration of documents is made much easier, able to keep clients close from any place that you are and keep up with clients, stay organized, and communication is made easy with clients. QuickBooks is a stable, reliable and proven product.Charting accounts is made much easier by being able to chart checking, savings, dividends, accounts receivable and balance sheets in one chart of account list. Each account has its own individual account window like account balances and other information like account numbers and account details. An accountant can easily access records from anywhere and anytime. QuickBooks can create the recommended accounts necessary based on the type of business. QuickBooks prints a readable and well-organized financial report for internal management, bankers, other creditors, bonding companies, shareholders, and with some mappingto an Intuit tax software program. In charting accounts, it helps in organizing daily transactions like a list of asset, liability, equity, income, and expense accounts. This list is one of the most
QuickBooks 2important lists to use in QuickBooks. It helps keep financial information organized. It makes it able to capture information in a timelier manner. In accounting QuickBooks provides three main centers in managing their contacts and inventory. In customer and vender center contains the list of transactions relating to a customer or vender in one location. In inventory center it’s a simple streamlined management of inventory and non-inventory items. Each of the centers provide an option to search, add, edit or delete customers, vendors, or items. You can be able to sort transactions by customer, vendor or item type and customize fields within each list to suit business needs. (Roberge, 2014) You can be able to train clients to create and send their own invoices in QuickBooks.