These expert tips will help small and growing businesses, looking for accounting software in Nigeria, to understand the basic features, functionalities, and deliverables of QuickBooks Pro, Premier & Enterprise Edition.
Whether you are planning to start a new business, running an existing business, or own a growing/profitable business in Nigeria, you will definitely agree that effective accounting and bookkeeping is one of the most difficult parts of financial management; this is even worse when you have countless paper invoices, payment vouchers, stock worksheet on excel, tax papers in files and fixed asset register – all in a cabinet- but do not know where to start if you are to generate a financial report in less than 2 hours without making mistakes. It’s because of these challenges that smart business managers and accountants choose to automate their accounting systems.
By automating your accounting system, you make your staff efficient, faster, and productive at work while making a decision that will take your business to the next level.
Moreover, a business that automates transactions entries enjoys an internal competitive advantage over related businesses running manual transaction postings as it:
Takes care of everyday tasks easily
Help them focus on growing sales and top line.
Reduces paper invoices, save printing cost and lessen exposure to transaction manipulations.
While there is countless financial software that can handle office automation, one of the most user-friendly and easy to use accounting software right now is QuickBooks.
As the names imply, QuickBooks is an affordable software that makes it easy for you to quickly organize your sales, expenses, inventory, asset, liabilities, and cash flow trends in one place. We understand that cost-saving and increasing profit is one of the key goals of every SME owner and as such will only be reviewing the one-off desktop version; no subscription or renewal license.
What you can do on QuickBooks:
Quotation
Invoicing
Payment & PO
Banking & Reconciliation
Manage Multiple Exchange Currencies & Update Exchange Rates
Inventory Management
Customer & Vendor Management
Material Assembly
Fixed Asset
Audit Trail
Attach & Send Document Via Mail
VAT Computation and Filing
Excel Integration
Import Functionalities
For real estate, construction, or consulting services, you can as well do the project costing.
There are three different versions of QuickBooks for SMEs: Pro, Premier & Enterprise Edition. Each of these versions comes with unique features that make it different.
Before choosing the version to buy, here are questions we always ask our clients before helping them find the best solution for their businesses:
– What’s your line of business?
– What do you sell?
– Do you buy, assemble or manufacture your own products?
– Are there units of measures for material purchases or sales?
– Do you have multiple stores, branches, or warehouses?
– Do you transfer/distribute inventories to branches?
– How many users do you want to give multiple access to a central data file?
– Do you want to host your data file on a local server, wide-area network, or computer storage disk?
– What report do you want the system to generate that you are not currently seeing or find it difficult to get on your current spreadsheet or accounting system?
While we focus on recommending the best software version, we also understand that answers to the above questions make implementation faster, flexible, and seamless so that client’s challenges are accurately tackled.
We have helped clients in retail, wholesale, manufacturing, financial services, non-profits, hotel & travels, legal, Media, real estate and property, oil & gas and co-operative society, insurance brokerage, and consulting industries find a better way to track cash flows, reconcile bank statement and get their financial reports right using QuickBooks.
For more enquiries, Call 08066212773 or 08093026880 or send us a mail using Fintechsoftwareservices@gmail.com
