What is QuickBooks cloud backup?
QuickBooks is an all-in-one Accounting Software that companies of all sizes use to monitor their Finances and manage their Expenses and Earnings. Quickbooks Software as an automation tool for managing Personal, Business, and Tax related Finances. You can use this online tool for services like Invoicing Customer Purchases, Imparting Online Payments, Reporting, and Auditing various Taxes. Moreover, QuickBooks offers its services as multiple variants such as Quickbooks Online, QuickBooks Desktop, etc., which you can customize according to your work operations.
Due to its Cloud-based functioning, QuickBooks Online is the most purchased version among the QuickBook products. It serves as a great tool for small to medium-sized companies looking to track their Income, Accounting, Payroll, etc., without the usage of any extra infrastructure. Moreover, QuickBooks Online presents an internet portal using which you can monitor all your Business Accounts from a single platform. Furthermore, QuickBooks Online comes as a mobile application that is available for both Android and iOS users. Using the mobile application you may manipulate the Sales Receipts, Track Expenses, Review Transactions, and, Communicate with clients without the constraints of a desktop system.
Key Features of QuickBooks
The various products of QuickBooks offer different features to its users. However, in general, QuickBooks offers the following features:
Reporting: QuickBooks has an upper hand over accounting solutions like spreadsheets when it comes to reporting. It is primarily due to the simplicity with which QuickBooks allows you to create reports and graphs. QuickBooks provides a feature called QuickBooks accountant that can automate most of the reporting tasks such as maintaining balance sheets, generating profit and loss sheets, maintaining cash flow statements, etc.
Data Sharing: Using QuickBooks, you can share your data as journal entries directly to clients. This saves you the trouble of printing documents or creating PDFs to transfer your data. You can simply send the journal entries in the form of email attachments. Furthermore, QuickBooks supports widgets that can catch common errors and notify you in case there is a problem or inconsistency in any account.
Invoicing: QuickBooks enables you to generate Quotations that contain Discounts, Terms of Payment, and other important details. Once you have registered the details, you can convert the Quotation into an invoice with just one click. Moreover, you can customize your payment schedules to receive your money without any clashes or confusion.
Tracking your Finances: QuickBooks Cloud Accounting allows you to track your expenses like payroll and rent and monitor your income as well. This way you can always have an accurate estimate of your Financial Health. Furthermore, QuickBooks automatically updates any Cash inflow or outflow related to your accounts and collaborates the data from various accounts into one single platform.