Question

• Does QuickBooks make the adjusting process easier or harder to accomplish?

Answer 1

Many options are not so favorable to QuickBooks. When this is analyzed from different angles it is a complicated piece of software. If you want a program to be an electronic checkbook or keep track of your invoices, then there are other simpler programs (like Freshbooks). If you want something to handle Accounts receivable, Accounts payable, Payroll processing, Job Costing, Inventory, Multiple currencies, consolidated financial statements, you need something like Quickbooks. It's a professional tool for complicated work. They do make changes every year, just so they can make new versions for people to buy. The online banking interface is different, some people like it, some hate it. That seems to be the big problem for certain clients these days, but that's all I've seen that falls into the harder to use category. Most of the problems I see usually boil down to users not knowing how to use the system properly and I get to fix it. But hey, if this accounting stuff was easy, everyone would do it. When the business matures and/or gets larger, the business owner will begin to understand the value of better reporting. This is where the role of Quickbook comes more prevalent.

We can keep better track of our cash flow and will know what is bringing in the best profit. We will know exactly what we are spending and where cutbacks can be made. We will know how you are doing today v/s last year. Is it time to hire a new employee? Make a large purchase? We are able to customize reports for our specific business needs. Yes, we get what we pay for. The cost to keep our books clean may be high but cost of making decisions without proper information is even higher!