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In: Accounting

What did you know about QuickBooks? What would you like to learn more about it in...

What did you know about QuickBooks? What would you like to learn more about it in the future?

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Expert Solution

Quickbooks : it can be said that quickbooks is a type of virtual accounting system in which accounting is done in virtual form, no physical books are required to keep the accounting records.

  • Using quickbooks we can access and manage our books of accounting on our computers, laptop or smartphone anytime and anywhere.
  • One of the biggest advantage of quickbooks is that it is online and connected to the cloud server where all the data of the user is stored. It also offers on premises accounting.
  • Quickbooks sometime also known as new is accounting system which helps in payroll calculations, accept business payments, manage and pay bills etc.
  • Quickbooks is mainly based on automatic accounting system which means that the amount is only required to entered once and after that it reaches to its respective category automatically and does the calculations automatically.

Quickbooks have number of other functions such as online banking, electronic payment functions, reconciliation, mapping etc which can be learnt in future.


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