QuickBooks is a financial and business management software that includes features such as tax filing, payroll, inventory, accounting, invoicing, reconciliation, budgeting, payment processing, bank account tracking, account payable management mapping features via Google Maps integration, and Google marketing options.
The application is quite helpful and can assist users with practically any business need. QuickBooks has some wonderful features for users that have a small or medium business. The software is available for a fixed monthly or yearly subscription on desktop, tablet, and smartphone. In this article, we will find out if it is also suitable for personal use or not.
QuickBooks POS
QuickBooks POS was created by Intuit to assist retail store owners in keeping track of their sales, purchases, and inventories. It offers a simple and user-friendly user interface. It includes tools for managing client information such as names, phone numbers, and addresses. Barcode scanning, refund discounts, and many other features are available in QuickBooks. QuickBooks POS comes in three flavours: POS Basic, POS Pro, and POS Multi-Store.
The following are some of QuickBooks POS’s features:
Employees Management-
The software’s Multi-Store and Pro versions assist the user in managing staff details such as working hours, performance, and commissions. The programmes also retain safe records and update the data in QuickBooks accounting software on a regular basis.
Gifts Cards and Discounts-
The application makes it simple to have a better understanding of your customer based on their purchasing history. On a customer’s birthday or any other special event, QuickBooks POS allows you to provide discounts and gift cards. As a result, the software aids in the development of positive retailer and consumer relationships.
Inventory Management-
The software gives an easy-to-use inventory management capability to the user. Inventory management enables you to keep a tight eye on inventory storage, forecasting, and tag modification, among other things.
- Track Quantity: The application automatically updates the record of the quantity purchased or sold when the user sells or buys a product. It makes it simple to keep track of the goods that have to be reordered or sold.
- Real-time Inventory Valuation: The software aids in the updating of inventory, which is automatically modified on a daily basis in the balance sheet.
- Keep Track of Your Purchase Orders: QuickBooks can assist you in keeping track of the orders you place with each vendor. It also organises all of the merchants’ contact information and creates a list for convenient access.
Hardware Compatibility-
The QuickBooks Point of Sale software works with a variety of devices, including tag printers, cash drawers, barcode scanners, receipt printers, Microsoft Surface Pros, and more.
Pricing
QB POS is slightly more expensive than other POS systems. The POS Basic edition of QuickBooks POS is the most affordable, with a subscription costing $1,200. POS Pro and POS Multi-Store, the other two editions of the software, cost $1,700 and $1,900, respectively.
| Features | QuickBooks POS |
| Developed by | Intuit |
| Number of Users | 1-99 |
| Interface | Difficult |
| Customer Service | Moderate |
| Pricing | Expensive |
| Customer Management Feature | Available |
| Electronic Signature | Not Available |
| Hardware | Old Fashioned and Expensive |
| Best Use in | Small or moderate business/retailer. |
QuickBooks for Personal Finances
Self-employed users can only use QuickBooks Self-Employed. A user of QuickBooks can get the balance sheet and Pay-slip printed. Overall expenses can be tracked with this feature. The interface of QuickBooks is also very easy and straightforward. Users can easily complete the setup procedure of the software.
QuickBooks for Mac:
QuickBooks for Mac 2013 has been released for small business owners to help them keep track of their finances. QuickBooks for Mac 2013 allows you to keep track of sales, create professional invoices, and generate year-end reports, among other things. However, one can also use the software for individual purposes.
However, if users require enterprise-level capability, they must use the software’s PC version.
System Requirement:
QuickBooks 2013 for Mac requires a Mac OS X version of 10.7 or higher. With a Core 2 Duo or higher processor, the system must have at least 250 MB of hard drive capacity.
QuickBooks Database Server Manager:
QuickBooks Database Server Manager allows multi-user access. The tool helps the users to perform the following activities, they are:
- To scan the company file of QuickBooks.
- Verify the local storage service.
Conclusion
Hopefully, the above blog helped you to draw a clear picture regarding QuickBooks. You can now make a proper decision to move forward with the software to manage personal finance.
