Stage 1 - you will write a memo to the company reviewing their first choice of...

Stage 1 - you will write a memo to the company reviewing their first choice of accounting software, QuickBooks Online. They think it will help them get started but want to understand more of what it offers. In your memo, review the pros and cons of using QuickBooks Online. Remain focused on QuickBooks Online's features, advantages and disadvantages but do not explore other alternative options yet as that has been designated at Stage 2.

Expert Solution

Dear Team,

I understand that as a new company you are choosing the accouting software appropriate for the setup. Quick Books Online is one of the options available. It is a cloud based accouting software which provides many features such as payments, income and reporting. However, there are pros and cons of using the software which are categorically mentioned below:

The advantages of using Quick Books Online are:

- It has a user friendly interface and is easy to use.

- It is easy to customize invoices by using a completely new format or even pre set templates.

- It is possible to mail the invoices.

- Quick Books Online can even be accessed on one's mobile phone.

The disadvanatages of using Quick Books Online are mentioned below:

- It requires you to pay an additional amount for payroll accounting.

- It involves alot of accounting jargon which first time users will find daunting.

- It requires a fast internet connection.

I hope this information will help you in making an informed decision.

Yours sincerely,

XYZ

ekkarill92 answered 2 years ago

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Stage 1 - you will write a memo to the company reviewing their first choice of...

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