What is Quickbooks? Course, Pros & Cons, Uses, Jobs, Salary, Features, Tips, Alternatives

Everything You Need to Know About Quickbooks Online, Scope of Learning Quick Books Software in Pakistan
When it comes to bookkeeping, there are a lot of different software options out there. QuickBooks is one of the most popular, but it iss definitely not the only option in the field of book keeping. In this blog post of jobsstudy.pk, we are going to take a look at what QuickBooks is, what some of the pros & cons are, what some of the different uses for QuickBooks are and eventually what the average salary is for QuickBooks jobs. First of all we need to understand that what is bookkeeping;

What is Quickbooks? Course, Pros & Cons, Uses, Jobs, Salary, Features, Tips, Alternatives

What is Bookkeeping?

Bookkeeping is the process of recording financial transactions in a company’s books of account. Transactions include purchases, sales, receipts & payments by the company. Bookkeeping is usually done by a bookkeeper or a qualified accountant. Initially book keeping was a hectic task which was done manually but now a days computerized software are used for bookkeeping and Quickbooks is one of them which is most popular and useful book keeping software with lot of options. Accountants should learn the use of this software for opening doors of unlimited jobs for them. Lets now explore the quick books by covering its all aspects;

What is QuickBooks?

QuickBooks is a bookkeeping software program that is designed for small businesses. QuickBooks can track sales & expenses, create invoices & reports, manage inventory and more. QuickBooks is available in both desktop & online versions. Quickbook online is very popular than desktop.

Pros of QuickBooks

There are a lot of reasons why QuickBooks is such a popular bookkeeping software option for small businesses. Here are some of the biggest pros:

QuickBooks is easy to use

QuickBooks is designed for people who do not have a lot of experience with bookkeeping. The software is easy to navigate & use, which makes it a good option for small business owners who do not have a lot of time to learn a complex software program. You just need to know the basics of accounting and bookkeeping rules and rest the Quickbooks software will do for you.

QuickBooks is affordable

QuickBooks is one of the more affordable bookkeeping software options. The desktop version of QuickBooks starts at $250,and the online version starts at $15 per month. This is nothing as compare the great features of Quick books and even a small business owner can afford it.

QuickBooks has a lot of features

QuickBooks is a very comprehensive bookkeeping software program. It has a lot of features that small businesses need
1-Quickbook has the ability to track income and expenditures

2-It can easily create invoices and reports for you

3-You may manage inventory with the help of Quick books.

4-Sending invoices and accepting payments becomes very easy with this tool.

5-Sorting income and expenses into tax categories will become quite easy for you.

6-You will be able to run & even export various kinds of financial reports.

7-Bookkeeper will be able to monitoring & also manage cash flow.

Cons of QuickBooks

With any bookkeeping software program, there are going to be some cons. Here are some of the biggest cons of QuickBooks:

QuickBooks can be overwhelming

Because QuickBooks is so comprehensive, it can be overwhelming for small business owners who are just starting to use the software. There is a lot to learn and it can take some time to get everything set up properly. This software is not for layman. You will have to learn it by getting admission in quickbooks course or you will have to view online tutorials for mastering the Quick books.

QuickBooks can be slow

QuickBooks can be slow, especially when you are first getting started with the software. There is a lot of information to input and the software can take a while to load and perform as per your expectations.

QuickBooks can be buggy

QuickBooks can be buggy and there have been reports of data loss & other issues, but remember that its not a usual phenomenon. You should take a weekly backup of your data for avoiding any such condition.

Different Uses for QuickBooks

QuickBooks can be used for a lot of different tasks related to book keeping and accounts management. Here are some of the most popular uses for Quick Books:

Tracking sales and expenses

It is important for small businesses to track sales & expenses in order that they know where their money is going. It is easy to use QuickBooks to keep a record of your overall sales & expenses. It is useful for small to medium size businesses to keep track of where their money is spent & where they need to cut costs for increasing their net profit.

Create invoices and reports using QuickBooks

The bookkeeping software QuickBooks allows users to quickly & easily generate invoices & even various reports. This helps businesses track their finances & see how their business is performing.

Managing inventory

QuickBooks is a software that can help businesses to control their inventory & make sure that there is plenty of that product in stock. It helps small to medium businesses keep track of their inventory & ensure that they have plenty of goods on hand.

Average Salary for QuickBooks Jobs in Pakistan

The average salary for QuickBooks jobs is 40,000 rupees per month in Pakistan. QuickBooks jobs are typically full-time positions & most QuickBooks jobs require at least a few years of experience & full command over the software & book keeping basics. A person with a degree in accounting can get much higher salary. Now even work from home jobs are also available in this field of book keeping.

QuickBooks Tips

Here are some tips for using QuickBooks:

1. Start with the basics

If you are just getting started with QuickBooks, start with the basics. Do not try to do too much too soon. Just get comfortable with the software & how it works. It is also important to have conceptual clearance about accounting & book keeping. You should has passed at least I.Com or D.Com for this purpose.

2. Input data regularly

Inputting data into QuickBooks regularly is important for a beginner. The more data you input, the more accurate your reports will be.

3. Use reports to track progress

QuickBooks reports can be helpful for tracking your progress. Use them to see where your business is doing well & where you need to improve.

4. Get help if you need it

If you get stuck, don’t hesitate to get help. There are a lot of resources available, such as QuickBooks forums, QuickBooks support, and QuickBooks online courses.

5. Watch tutorials regularly

It is also necessary to watch the quickbooks tutorials on youtube regularly for keep yourself updated about different features and their uses. Also join the Quickbooks community on internet for the same purpose.

Alternatives to QuickBooks

If you think that QuickBooks does not seem like the right fit for your business, then you may consider using some of its alternatives. Here are some alternatives to QuickBooks:

1. FreshBooks

FreshBooks is a cloud-based bookkeeping software program that is designed for small businesses. FreshBooks has a lot of the same features as QuickBooks.

2. Xero

Xero is a cloud-based bookkeeping software program that is designed for bookkeepers & accountants.

3. Wave Accounting

It is another alternative accounting software of Quick books, but in my personal views east or best Quickbooks is the best due to its easy and features rich interface, support, courses and tutorials.

How to Learn Quickbooks Online?

There are a few different ways that you can learn Quickbooks Online. You can take an online quick book course of Udemy, read a book or tutorial or watch a video. In Pakistan now digiskills.pk is offering Quickbook course for everyone. This Quickbooks online course is free and their is not eligibility requirements for getting admission in it. You will be taught through pre recorded tutorial videos. Tutors will be there to assist you. Within the time span of just three months you will be able to earn a Quickbooks certification.

Who should Learn the Quickbooks Software?

Anyone who wants to manage and monitor their finances more effectively should learn Quickbooks software. This software is designed to help users keep track of their income and expenses, so they can see where their money is going and make better financial decisions in the light of reports generated by Quick books. Its an ideal software to learn for job seekers specially for students of commerce stream. Females must learn it if they have interest in accounting and bookkeeping field.

Job Options After Learning Quickbooks

There are a number of job options available to those who have learned QuickBooks including bookkeeper, teller, accountant, cashier, tax consultant and financial manager.

Skills Required For Learning Quickbooks

Some basic skills that are required for learning Quickbooks include:

1-You should be able to navigate and use a computer.

2-The ability to understand and follow instructions is also needed.

3-The ability to input data accurately is too very vital.

4-You must be able perform basic mathematical calculations quickly, accurately and easily.

5-You should have skills to organize and manage information.

6-The ability to troubleshoot and solve problems is must for learning quickbooks.

7-Last but not least you should have command over basic concepts of accounting.

Conclusion

We can conclude this post by recommending this Quickbooks course for all youngsters of Pakistan who are student of I.Com, D.Com, BS Commerce, ADC or B.Com as this short course will help you a lot in your job hunting campaign.