Small business owners benefit from strong accounting software

Posted on: 11/08/2021

Quickbooks has consistently been rated as one of the top programs available

Luca Pacioli was an Italian mathematician in the late 15th century and the first person to publish a work on the double-entry system of bookkeeping. Known as the Father of Accounting, he revolutionized how businesses oversaw their operations, enabling improved efficiency and profitability. The essentials of double-entry accounting have, for the most part, remained unchanged for over 500 years, well except for the fact that we now have software to do much of the work for us. We have Quickbooks .

Historically, ledgers were kept manually, each number painstakingly written as a debit in one account, and a credit in another (hence “double-entry”) in order to ensure accuracy in all financial transactions. Along came technology and, as technology is meant to do, it made the accounting process much simpler, wherein one entry could automatically allocate the bills, the cheques, the deposits, the receipts, etc. to the correct account, and neatly balance in the end. Of course, accuracy still depends on the user.

Naturally having knowledge of accounting principles or bookkeeping is going to give you a leg up when it comes to doing your financial paperwork, but even the not-so accounting savvy can benefit from Quickbooks. Made by Intuit, recently named a best B2B brand in Canada by 2021 Report on Business ranking , Quickbooks has been consistently rated as one of the top accounting software programs available . Easy to learn and understand, it offers a plethora of features including payroll, job costing, tax tracking and inventory. Beyond the basic balance sheets and profit and loss statements, it generates a wide variety of financial reports, including cash flow statements, accounts payable and receivable aging reports, sales reports by customer or by rep, budget overviews, and so many more. In short, it will allow you to get a good grasp of where your company sits financially at any point in time.

This Quickbooks Pro Desktop Certification Bonus Bundle is going to guide you through much of what is mentioned above and then some. Taught by Robert Steele , a practicing certified public accountant (CPA), an accounting and business instructor and curriculum developer, you will be guided step by step through eight courses, some focusing on specific modules like payroll and tax, and others, like the QuickBooks Pro Desktop 2020 Masterclass will provide a wider range of information meant for both beginners and the more experienced users.

Valued at over $2,000, this five-star rated course is now being offered for only $31.99 . You will receive lifetime access to almost 900 lessons and a wealth of knowledge that is going to help you run your business more easily.

Prices subject to change

Original Article: https://financialpost.com/personal-finance/business-essentials/small-business-owners-benefit-from-strong-accounting-software