The Rea Report Spring 2018 | Page 3

QuickBooks ® For Businesses Looking For A Boost By Amy Smith, Certified QuickBooks ProAdvisor, client service specialist, [email protected] (Zanesville office) IF maintaining better books is the name of the game, Quick- YOU DECIDE QuickBooks Desktop and QuickBooks Online both offer a lot of great features. This high-level comparison will help you determine which one is a better fit for you. Books ® could be the power play your business needs to QUICKBOOKS DESKTOP QUICKBOOKS ONLINE level up. • • • • • • • • • • • First things first though – if you’re looking to QuickBooks to take you to that next level – you’ll need to do more than Installs on your computer Doesn’t require an internet connection More highly developed features Organized user interface Easy to navigate Can only be used from one device Annual fees click “install.” You’ll need to take time to really figure out which version is right for you. Additionally, once you’ve identified the right version, I recommend taking the time needed to cus- tomize the software to fit your specific business. Believe me No installation Internet connection required Regular software updates Accessible from any device with multi-user access • Monthly service fees • Extensive data security and data backup services Generally speaking, I’ve found that product-based businesses need advanced inventory tracking tools and batch invoicing. If you’re in this camp, QuickBooks Desktop is most likely the right fit for you. QuickBooks Online is ideal for smaller, service-based businesses that don’t need inventory tracking or complex invoicing capabilities. At the end of the day, your decision will come down to your business’s size, type and needs. – this is not a “one-size-fits-all WHICH QUICKBOOKS OPTION WILL TAKE YOUR BUSINESS TO THE NEXT LEVEL? program.” Skill Level: Beginner QuickBooks can be really pow- erful, but its true magic lies in your ability to customize the program to address your unique challenges. Just because the software offers lots of bells and whistles, doesn’t mean you need to use everything out of the box. As a “beginner” QuickBooks user, simply focus on learning the basics. Take your time to implement the program’s tools correctly. This will help you stay focused. Some of the most important and powerful things you can do with QuickBooks occur at the beginner level. After all, if you don’t have a solid foundation upon which you can balance your bank account each month, you will be ill-equipped to truly take advantage of the program’s other features. (continued) 3