QuickBooks offers solutions to meet the needs of any business, but which platform is best for you?
In the world of accounting software, few names are as recognizable as QuickBooks. Business operators of all shapes and sizes utilize Intuit’s various online and desktop programs for their invoicing, tracking, and reporting. Beyond even just the alcohol category, QuickBooks has functions that help optimize entire operations from one single platform, from payroll to inventory management, sales tracking, and more. So, why do alcohol operators across the country love using QuickBooks for their category management?
Cost
With plans broken down based on specific business needs, you’re sure to find a solution that fits in with your business’s budget. Whether you’re looking for QuickBooks Online(QBO), which ranges anywhere from $25 to $150 a month depending on capabilities, or QuickBooks Desktop, which utilizes license pricing ranging from $299.95 to $1091.70 per year depending on capabilities and licenses. For most alcohol businesses, QuickBooks Online will serve as the most cost-effective option, with month-to-month subscriptions that won’t tie up cashflow. Plus, Intuit offers a free trial of it, their top pick for accounting software.
Functionality
Aside from pricing, the next thing to consider is the functionality, and with QuickBooks, there is a lot. Both Online and Desktop boast a wide assortment of reliable, industry-specific features that make managing any facet of business a breeze. Both QuickBooks Online and QuickBooks Desktop have just about any accounting report that a business would need, including a simple balance sheet, profit and loss report, cash flow statement, and more. Together, QuickBooks Online and QuickBooks Desktop offer over 200 different reports!
Mobility
Especially in the fast-paced alcohol industry, mobility is a benefit that can’t be overlooked. For QuickBooks Online specifically, users have the freedom to access their invoice records and inventory reports from anywhere there’s an internet connection! Through this cloud–based technology, users gain access to real-time reporting, which in turn allows them to investigate potential problems and make operational changes before their bottom line is impacted. Plus, since this version is 100% hosted by Intuit, they take care of the security surrounding your data – one less thing for you to worry about.
Integration
QuickBooks Online and QuickBooks Desktop each offer hundreds of integrations, with the online version alone supporting more than 650. For alcohol retailers, that breadth means less time stitching systems together and more time focused on the metrics that actually move your business. And if the online edition is what you’re running, you can now sync your Fintech invoice data directly with it — eliminating manual entry and giving your team back hours every month.
No matter your alcohol category or the size of your operation, QuickBooks has a version that fits. And if you’re currently on Desktop but want access to Fintech’s invoice data automation, Intuit makes it easy to switch to the Online edition without losing your financial data, customer lists, transaction history, chart of accounts, or any of the reports you’ve already built.
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