Nowadays, everyone wants everything with ease and comfort so is business maintenance. Maintaining a business is not so easy because there are a lot of products, items, employees, vendors, and customers to enlist. If you hired an accountant to maintain accounting and book-keeping activity that is not enough because if a human works alone on entire accounting and book-keeping activities on its own then there might be a chance of error and it takes a lot of time to get done.
That’s why there is an accounting software launch worldwide to maintain accounting and book-keeping activity efficiently and easily named Quickbooks Accounting Software to know more about this software you have to read this post to the end. This post covers each and every aspect related to this software along with the process to download Quickbooks in detail. So, without wasting much time let’s get to the point.
What is Quickbooks Accounting Software?
Quickbooks is an accounting software developed by Intuit an American software development company. Intuit, specially designed Quickbooks for small and medium-sized companies. Through Quickbooks, you are eligible to maintain your business accounting and bookkeeping tasks more reliably and efficiently. This software automatically accomplishes some tasks on its own and the rest of the intricate tasks can be done through human interference and which are maintaining profit & loss statements, balancing Balance sheets, tracking inventories, paying online bills, creating customize Receipts, calculating taxes, and much more. This software is very popular these days because it’s cloud-based interface and easy-to-use features make it more user-friendly. Cloud-based technology allows users to access their QB company data anywhere, anytime. You can also use access the company file on mobile and tab rather than the Computer system because is designed on web-responsive techniques.
You May Also Read: Easy Step to download QuickBooks for Windows 10
Features Provided in Quickbooks Software
These are a feature that assists QB users to maintain their accounting and book-keeping activity in good condition.
- User-friendly: The powerful computer code makes each task pretty straightforward for the user. most significantly, the wealthy options within the computer code lookout of little and medium-sized businesses want
- Data Migration: the info within the accounting computer code gets swimmingly transferred to the program. this is often appropriate once you need to own monetary knowledge of the program.
- Tax Calculations: The feature of tax calculations in QB provides you the practicableness to calculate tax for your firm in a prompt, accurate, and economical manner.
- Bank Transactions: each dealing of your business is unbroken and clear and also the computer code can continue recording the transactions connected to wages, commissions, salary, expenses, profits, etc.
- Plain sailing process: It’s straightforward to understand wherever your business stands with the assistance of computer code. Learning however it works is easy and simple to know. what is more, it involves an awfully short learning curve.
- Invoices Generation: straightforward generation of invoices from your smartphone, tablets, and ADPS.
- Business Projections: The business projections feature of QuickBooks, generates forthcoming projections for QB users to maintain their business for further activities. On the opposite hand, if anyone desires to come up with reports – sales, profits, expenses, it becomes straightforward for them to work out the items with business projections.
Things to Consider Before Downloading QuickBooks
Before downloading QuickBooks desktop on the system, there are some prerequisites that you should take into consideration:
- Make sure that your PC meets the necessary setup requirements.
- You should have a good internet connection.
- Try to buy an authorized version of QuickBooks.
Here are the steps to download and install QuickBooks Desktop on your system:
How to Download QuickBooks on Your System?
- First, you need to open the folder where you have downloaded all your files.
- Then open the .exe file and follow the on-screen instructions.
- Once you read the license agreement press Next.
- Now, enter the Product Key and License number and tap on Next two times.
- Lastly, write QuickBooks Product ID and License Number.
How to Install QuickBooks on Your System?
Now, for installation of QuickBooks Desktop, you have two options:
Option 1: Express Install
During an express installation, the software sets the settings for you and you cannot change them because the software already did so, whereas during a custom installation, these settings can be changed by you, and the process depends on your actions.
- Tap on the Express option and click on the Next menu.
- Then click on the Install option and wait till the installation process finishes.
- Once done select Open QuickBooks and you can use your software.
Option 2: Custom and Network Install
During a custom installation, you select the components to install and specify the folder in which the application must be installed.
- Firstly, select Custom and Network Option.
- Then click on the Option that best suits QuickBooks at your convenience.
- After that choose Change the Install Location and select the folder where you want to keep the QuickBooks files.
- Select the folder where you want to place your QuickBooks files by clicking Browse.
- Press on Next to start the installation process.
- In the end, you can open QuickBooks.
After installing QuickBooks you need to activate it. So, for that follow the steps that we have mentioned carefully:
Activate Your QuickBooks Desktop
- For that, open QuickBooks on your Desktop.
- Now, from the Help option choose Activate QuickBooks Desktop.
- You will then see a window appear on your screen. Start the activation process for QuickBooks Desktop by clicking the Begin Activation button.
Versions of QuickBooks for Download: An Overview
The QuickBooks versions that are accessible for download and use are shown below:
1. Overview of QuickBooks Version 2022 (Pro, Premier, Enterprise)
The QuickBooks version 2022 is faster than its previous version. It allows you to manage your finances and payroll services in a much easier way. You can also increase your productivity and can keep track of your business performance.
2. Overview of QuickBooks Version 2021 (Pro, Premier, Enterprise)
If users regularly update their QuickBooks then they will get the latest features that are needed for their business. The version of QuickBooks 2021 provides a simple dashboard that allows you to track invoices, payments, and employee time and hours spent on particular tasks.
3. Overview of QuickBooks Version 2020 (Pro, Premier, Enterprise)
QuickBooks Enterprise 2020 allows you to make a combination of multiple emails, payment reminders from customers, etc. The Premier version enables you to collaborate with up to 5 users and also classify the transactions automatically.
4. Overview of QuickBooks Version 2019 (Pro, Premier, Enterprise)
QuickBooks is one such software that helps businesses to work more efficiently and saves the time of the users. Each version provides you with additional features.
5. Overview of QuickBooks Version 2018 (Pro, Premier, Enterprise)
This version also comes up with all features that one can expect. It offers multi-user support, reminders of payroll, etc.
In conclusion, QuickBooks is a powerful accounting software that provides a comprehensive set of tools and features for managing financial data, invoicing, payroll, and more. It is widely used by businesses of all sizes to streamline their financial processes, track expenses, generate reports, and ensure accurate bookkeeping.
Moreover, it also offers user-friendly interfaces and intuitive navigation, making it accessible to both accounting professionals and small business owners with limited accounting knowledge. It allows for easy integration with various financial institutions, enabling seamless bank transactions and reconciliation.
Frequently Asked Questions (FAQs)
Q1. Is QuickBooks free software?
No, it is not free software but it offers a 30 days trial version in case you are a new user.
Q2. What is needed to set up QuickBooks?
- You need the Company Name.
- The Business Address and Email Address.
- Your Website and Contact Number.
Q3. Can I transfer QuickBooks to a new computer?
- In the File menu, select Utilities.
- Choose Move QuickBooks to another computer.