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QuickBooks

this presentation will help you to understand the usage of software.

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QuickBooks

  1. 1. QuickBooks Abu Bakar Areesha Javed Rabbiya Khalid Anam Mukhtar
  2. 2. Definition QuickBooks is Intuit Inc’s set of software solutions designed to manage payroll, inventory, sales and other needs of a small business. The software’s features include marketing tools, merchant services, product and supplies, training solutions. Each solution is developed according to different industries and their needs.
  3. 3. Requirements • At least a 1.8 GHz processor, • 1 GB of disk space, • 256 MB of RAM for a single user and 512 MB of RAM for multiple users. • Additional requirements are dependent on the desired software package. • All software that is to be downloaded needs a high-speed internet connection, Internet Explorer 6.0 or higher and 2.5 GB of free disk space.
  4. 4. Uses The typical uses of QuickBooks include: •Storing customer and vendor information •Tracking sales and expenses •Creating customer invoices
  5. 5. • Receiving payments from customers • Analyzing sales and expenses • Organizing financial data for tax purposes
  6. 6. QuickBooks Vs. manual accounting • Automatically Calculations • Reduces or eliminates math errors or mistakes • Data entry is consistent • Easy to make Changes • Searching for information is easy • Multiple report formats
  7. 7. Advantages • Minimal accounting knowledge • easy to use • Accurate calculations of financial data • Save time and money • Manage large amounts of financial data
  8. 8. • Executes accounting processes automatically • Offers a variety of products • Organizes all financial data • Integration • Tax benefits • Check Signing • Convenient project estimates and billing
  9. 9. Disadvantages of QuickBooks • Expensive and costly. • Number of releases and features, makes Quick Books more complicated to use. • Upgrade Fees
  10. 10. Functions of QuickBooks • Vendor • Customer • Employees • Company • Bank

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