In our chapter reading this week, we learn more about setting up a sample company in...

In our chapter reading this week, we learn more about setting up a sample company in QuickBooks Online. We explore how to customize a chart of accounts, explore lists, and navigate the various areas for customers, vendors and employees. Which feature do you like most so far in your navigation of QuickBooks Online?

Expert Solution

QuickBooks Online is an online accounting software tool for an enterprise involved in business activities. I can say, it helps us to perform almost all accounting needs under one roof". It has a very unique user interface which is quite simple and easy to get go.

Almost all features are great aid to growth of business as it saves time & time is money. Some of the prominent features are as follows:-

Access anywhere, anytime using internet connectivity,
Automated data entry (by using special features),
Unlimited access to anyone to whom you have authorised including Accountants, Auditors, etc.,
Access via application on mobile platform is also a great way to take a record of your transactions,
No backup files needs to be created as all data is stored in a highly secured cloud storage.

Below is the screenshot illustrating a number of reports which we may require to prepare repeatedly after a interval of 1 month of business activities and the same can be prepared easily under QuickBooks Online accounting software tool:

ekkarill92 answered 2 years ago

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