Does anyone use Quick Books to manage accounting?
Discussion
I have some clients who use it and, by and large, the accounts they pass on to me for review and knocking into shape are never too bad.
I think it is quite decent and suits those who are not trained in full double entry book-keping.
However, I still think that, at the end of the year, you do need someone who properly understands profit and loss accounts and balance sheets to review them to correct any errors.
I think it is quite decent and suits those who are not trained in full double entry book-keping.
However, I still think that, at the end of the year, you do need someone who properly understands profit and loss accounts and balance sheets to review them to correct any errors.
I use it for 3 diverse businesses with turnovers of £30k, £100k and £2.5m. Copes very well and, as Eric says, the accountants can pull everything they need from it. I'd say that QuickBooks is an accounting package for business people as opposed to Sage which is an accounting package for accountants- i.e. it's simple and effective to use for anyone who doesn't much care for double entry bookkeeping and journals etc (albeit it copes admirably with both).
I use FreeAgent (and an accountant!) for my book keeping - I'm a contractor and freelancer so it's ideally suited for me. I did look at QuickBooks but wasn't as keen on it for whatever reason. FreeAgent handles all the usual stuff like quotes, invoices, expenses and VAT. This is my affiliate link, if you like FreeAgent and use it then we both get a 10% discount http://fre.ag/460e62p1
I've been using Quickbooks Pro (Desktop) for years to do my company accounts and for a couple of charities I'm involved with. Seems pretty simple to set up, reliable (ie doesn't crash) and easy to use for someone like me with zero accountancy knowledge. Haven't tried the cloud based version but will probably go that way soon.
Thirteen years on QB, Always found it easy & manageable but then I am quite diligent, keeping it in shape, reconciling regularly etc. My business is B2B & high numbers of transactions & I've never felt held back by it. Amortising is a pig though, never really found a decent way to do that in QB, might just be me though.
Gassing Station | Business | Top of Page | What's New | My Stuff