Quickbooks Software Makes Accounting Easier

February 23, 2009

QuickBooks is small business accounting software, made by Intuit, the same company that created the user friendly tax software, TurboTax.  QuickBooks has made my life much easier over the past week as I’ve gathered the business finance records for our accountant. 

Quickbooks Accounting Software

I neglected recording our business income and expenses throughout the year so I worked last week to put everything into Quickbooks.  Luckily the whole task wasn’t as bad as I thought it would be, Quickbooks allowed me to easily import our bank and PayPal records. Unfortunately I hadn’t been downloading the credit card data and they Chase only would let me download the last 45 days worth of transactions so I had to input those by hand.

Quickbooks Reports

I actually bought QuickBooks Pro back in 2007 and setup the business account but didn’t use it much in 2008 so I thought it would take forever to get all my information in the software.  Learning the basics of Quickbooks accounts and how they handle income and expenses wasn’t too bad and the reports it creates are great.  You can create Profit and Loss, Income and Expense, Balance Sheets, and Cash Flow reports that give you good insight into the finances of your business.  I love how the reports let you looks at your financials from many different perspectives.

Quickbooks & Taxes

I took along the Profit & Loss report Saturday night when we went our for dinner with our tax guy, also my college roommate, he looked it over and said it would certainly save me money.  Last year I gave him a spreadsheet with the whole year’s worth of business finances so he had to bill for all the time it took to organize and categorize the data.  This year the reports Quickbooks generates will make it much faster and easier for him to prepare our business tax return, which means its cheaper for me!

I don’t know why it took me so long to finally make full use of QuickBooks but I’m glad I did, it’s a great piece of accounting software and it’s made my life easier!

Ben

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Ben

Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn’t like the other kids… His addiction to personal finance has paid off for his family and now he’s helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.


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