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.