Intuit Quickbooks Accounting Software Malaysia
Intuit QuickBooks Online is a user friendly, financial management software which is designed towards accounting for small businesses. It is a cloud based software, thus there is no need for any installation of software.
There are three different plans – Simple Start, Essentials, and Plus. The Simple Start plan is more suited for businesses that require very basic accounting. The Essentials plan is able to manage supplier bills and payments, as well as handle multiple currencies, adding on to the features on the Simple Start plan. The Plus plan has all the features as the Essentials plan, as well as other features such as creating and comparing budgets and tracking inventory.
One feature of QuickBooks Online is that users can link their bank accounts or credit cards to the software for automatic bank feeds. This allows transactions to be downloaded directly from bank and credit card accounts via a secure online connection. QuickBooks Online also enables the creation and management of quotes and invoices.
QuickBooks Online can also be connected to other online applications. Data from eCommerce, Payroll, POS, as well as other marketing add-ons can be synced to the system. It also enables users to track and organise their expenses. Users can also manage their expenses anywhere, as they can simply use their phones to capture receipts.
Users can also generate and customise reports such as balance sheets, income statements, and cash flow statements. They can also have these reports automatically sent to their email regularly. Reports can also be exported to Excel to allow users to make any further modifications if they desire. These reports will be provided with relevant formulas.
Another feature is the audit log feature which allows users to keep track of all activities that is done within the software, such as transactions, changes to settings, and logons. It captures characteristics of the activities, including date of activity, event, user, name of customer/supplier, date of transaction such as payments, amount and a full history of what occurred, thus giving users full visibility of their account.
An advantage of QuickBooks Online is that it is highly secure, as it has bank level security. Intuit monitors service performance twenty four hours a day and seven days a week, and are fully equipped to prevent security breaches. It is also easily accessible, as it can be accessed via any Android or iOS devices, including phones and tablets. Thus, users can access their business information, customers or suppliers wherever there is mobile access.
Users do not need to backup data as it is done automatically by the system, thus eliminating any additional cost and effort in creating and managing physical backup copies. Should anything unexpected happen to the system, all data is still instantly accessible via any computer with Internet connection. Furthermore, as it is a cloud based software, QuickBooks Online has automatic updates which will not affect user data at all.
Intuit QuickBooks Online is an ideal software for businesses as it is easy to use and can be accessed anywhere.