Scheduling of customer statements for automatic reminders.Improved matching for accounts, payees, and classes. ![]() New Features of QuickBooks Desktop Pro 2021: Financial data importing to categorize various transactions and organize your business.Managing bills to maintain the cash flow.Creating invoices and payment receipts and sending automatic reminders.Tracking product inventory and adjust it in cases of theft, loss, or shrinkage.It can either be installed on-premise or cloud servers with the help of third-party cloud solution providers. It has highly developed features dedicated to core accounting needs, such as project accounting, accounts payable and receivable, and expense management within a single suite. QuickBooks Pro version is best-suited for small to medium businesses, particularly those who are just about to get the ball rolling. You should also know that QuickBooks hosting, which means hosting your licensed QuickBooks software on the cloud, is different from QuickBooks online.Īlso Read: Why You Switch to QuickBooks Hosting in 2021? Different Versions of QuickBooks Desktop Software 1. ![]() These products have standard capabilities, including core accounting, payroll, financial reporting, billing, and invoicing. QuickBooks desktop products require local installation for usage and offer a wide array of features that you may not find available with its online version. It also comes with the facility to integrate other third-party apps to save your time and improve work efficiency. It helps to access the software from any device and use it round-the-clock by paying a subscription fee every month. QuickBooks Online is the cloud-based version of this all-inclusive accounting software that makes accounting easier for CPAs and accounting firms. It is classified into three categories: Self-employed, Self-Employed Tax Bundle, and Self-Employed Live Tax Bundle. Mileage tracking, expense sorting, receipts organization, and invoice management, this QuickBooks variant does it all. This is the newest Quickest product meant for small businesses and self-starters to handle various tasks in less time. Before you get into the details of different QuickBooks versions, let’s talk about the three variants of QuickBooks. QuickBooks has a sub-product for nearly all the accounting needs of different businesses. In this blog, we have covered everything that you should know about QuickBooks accounting software. ![]() ![]() Since there are different variants of this accounting application, each with different versions, it is crucial to know about it in detail. QuickBooks product line caters to all such needs, whether managing your income or keeping track of business expenses. Almost every small business looking for an accounting solution ends up loving this software for its comprehensive features and functionalities. This financial management platform started dominating the accounting software marketplace and became the most practical application for accountants with more than eighty percent market share. Known as Intuit’s flagship product, QuickBooks was launched in 1998. It is the most popular business accounting software that is developed and marketed by Intuit. QuickBooks is synonymous with accounting software for businesses.
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