Pexels Steep Learning Curve for Some Users Fixing messy books will cost you time, money, potential tax liabilities, and major headaches. Someone unfamiliar with accounting can still use QuickBooks, but the resulting books may not be organized or accurate. You need at least basic knowledge of debits and credits, the chart of accounts, and core accounting concepts to learn QuickBooks quickly. Those trying to learn QuickBooks find the tool challenging because of these reasons. Business owners can learn QuickBooks to understand how it works, see if it is the right tool, and even do the bookkeeping themselves. Using the platform is strategic for a growth-oriented company.
QuickBooks creates a connected ecosystem that allows businesses to add services as they expand and grow. ( 1 ) For Accountants and BookkeepersĪccounting professionals learn QuickBooks to improve their competence with cloud-based accounting platforms and support the accounting needs of their clients. Revenue growth from international markets reached 43% in 2021 as the platform revs up efforts to expand its business to customers outside the US. In 2021, QuickBooks Online users reached 5.3 million globally. QuickBooks Online, in particular, sets the industry standard for accounting for small businesses. QuickBooks is a functional, flexible, scalable, and user-friendly cloud-based accounting tool.
While Intuit, the company behind QuickBooks, markets QuickBooks as ready to use – it all depends on the end-user.
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Learning to use QuickBooks is easy for someone familiar with accounting concepts and how the accounting software works, but it can be hard for someone tech-challenged or with no bookkeeping knowledge.
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