The Sky's the limit with QuickBooks. Your office becomes wherever.

And your collaborations become real time. 1. What is QuickBooks? QuickBooks is Intuit Incs set of software solutions designed to manage payroll, inventory, sales and other needs of a small business. The softwares features include marketing tools, merchant services, product and supplies, training solutions. Each solution is developed according to different industries and their needs. Intuits products for construction contractors include the Simple Start Plus Pack, Quickbooks Pro, Quickbooks Premier Contractor and Quickbooks Enterprise Solutions: Contractor. These products are designed to meet contractor's needs based on company size. These software solutions are used to monitor expenses, create invoices and reports, track change orders and job status, and manage inventory, customers, vendors and employees. In addition to these industry specific packages and their corresponding capabilities, Intuit offers add-ons to Quickbook versions as well as third-party tools that integrate with Quickbooks in order to enhance current functions. Basic system configuration requires 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. For solutions that prepare letters or export reports, Microsoft Word 2000 or above is required. Likewise, for contact synchronization in Microsoft Outlook, Outlook 2000 or above is needed. http://whatis.techtarget.com/definition/QuickBooks 2. What are the versions of QuickBooks? International versions Your hours become whenever.

Versions of this product are available in many different markets. Intuit's Canadian and U.K. divisions offer versions of QuickBooks that support the unique needs of each region, such as Canada's GST, HST or PST sales tax and European VAT for the UK edition. Reckon Ltd, under licence from Intuit, publishes versions for the Australian, New Zealand and Singapore markets. The Quickbooks UK edition makes available support for Irish and South African VAT.

The Mac version is only available in the US.

Features Intuit has integrated several web-based features into QuickBooks, including remote access capabilities, remote payroll assistance and outsourcing, electronic payment functions, online banking and reconciliation, mapping features through integration with Google Maps, marketing options through Google, and improved e-mail functionality through Microsoft Outlook and Outlook Express. For the 2008 version, the company has also added import from Excel spreadsheets, additional employee time tracking options, pre-authorization of electronic funds and new Help functions. In June 2007, Intuit announced that QuickBooks Enterprise Solutions would run on Linux servers, whereas previously it required a Windows server to run. QuickBooks Online Edition

Intuit also offers a hosted solution called QuickBooks Online Edition (QBOE). The user pays a monthly subscription fee rather than an upfront fee and accesses the software exclusively through a secure logon via a web browser. Intuit hosts all of the user's data, provides patches, and regularly upgrades the software automatically. Until recently, the only browser supported by QuickBooks Online was Internet Explorer. But now Mozilla Firefox is supported, and Safari, Firefox and Google Chrome are now supported on the Mac platform. One may also access QuickBooks Online via an iPhone, a BlackBerry, and an Android web app.[8][9] QuickBooks Online does not offer all of the features of the desktop versions of QuickBooks, and has many features that work differently than they do in desktop versions.[10] In 2011, Intuit introduced a UK-specific version of QBOE to addresses the specific VAT and European tax system. Since 2009, Reckon Ltd has offered an online version for Australian customers, known as QuickBooks Hosted by Reckon Online. [11] Unlike other online products, the Australian offering is a full-featured version of the QuickBooks software. QuickBooks Point of Sale QuickBooks Point of Sale is software that replaces a retailer's cash register, tracks its inventory, sales, and customer information, and provides reports for managing its business and serving its customers. 3. Advantages of using QuickBooks. User Support

A benefit of QuickBooks over other accounting software programs, including Peachtree, is the amount of help it offers business owners. For example, QuickBooks helps you easily set up your company's profile within the program, as well as put transactions in place, among other things. It does all of this with very

user-friendly interfaces and pictures to guide you along. Additionally, QuickBooks offers an "Interview" mode for setting up businesses that takes you through 21 simple and discrete steps that are easy to follow. Many of these steps require simply a "yes" or "no" answer, or merely selecting the industry your business is in from a list. Forms

QuickBooks also does very well with its use of forms, such as utility bills, purchase orders and tax documents. The forms on the software's computer interface are designed to resemble, as closely as possible, the actual paper documents you would be filling out in the absence of the software, and makes the process much simpler. Transparency of Calculations

The transparency of calculations and transactions within Peachtree is superior to the transparency within QuickBooks. This means that it is much easier to see, for example, which accounts money is leaving from and which accounts it is going into. This can not only save you time, but also makes it easier for you to more accurately monitor your finances. Deleting Companies

Another benefit of Peachtree over QuickBooks is the ability to delete the entire transaction history and other data of specific companies you might be doing business with. While this might seem like a trivial advantage, being able to easily erase information for a company that you are no longer engaged with can save a lot of time as opposed to deleting every record and transaction one by one. Cost and Other Features

The single-user version of both programs costs just over $200. However, the multiuser version of QuickBooks Premier is roughly a couple hundred dollars more than the multi-user version of Peachtree Complete, and a couple hundred dollars less than the multi-user version of Peachtree Premium. Peachtree Premium offers industry-specific features and serial number inventory management, while Peachtree Complete does not. QuickBooks Premier also offers industry-specific features, as well as automatic check-signing, but does not offer serial number inventory management. 4. Requisites of installing QuickBooks System requirements for QuickBooks 2013 include the following: Have your license number and product number for your version of QuickBooks ready. Operating systems supported QuickBooks Pro or Premier hardware and operating system requirements QuickBooks Enterprise Solutions hardware and operating system requirements RAM requirements for Microsoft Terminal Services Software compatibility Firewall and antivirus software compatibility

5. When it was first developed? QuickBooks first launch in 1998, QuickBooks was very popular with business owners with no formal accounting background. Unfortunately, although the package was easy to use and offered significant benefit to its customers, many accounting professionals felt that it lack the security, audit trail and robustness really needed. These concerns were exacerbated because many business owners used QuickBooks, which quickly established an 80% market share, for day-to-day bookkeeping but relied on professional accountants for month-end and year-end services. 6. What company developed QuickBooks? QuickBooks, one of three flagship products offered by California-based Intuit Inc. (INTU), was originally patterned after personal accounting package Quicken. Intuit executives wanted to provide a package that would offer small business owners the flexibility of an easy-to-use. 7. Market share of QuickBooks Intuit Inc. (NASDAQ:INTU) develops financial software targeted at individuals and small businesses. Over 80% of its revenue comes from its three main products: TurboTax, a tax preparation software available in both online and in stores,Quicken, a personal finance tool, and Quickbooks, a small business accounting software. TurboTax and Quickbooks dominate their respective fields, with TurboTax owning 39% of the retail tax preparation software market, and Quickbooks holding 89% of the small business accounting software market. The company earned $3.18 billion in revenue and $447 million in net income in 2009. http://www.wikinvest.com/stock/Intuit

8. Examples of the standard retail prices for QuickBooks Enterprise new user licenses*: 1-user license $999.95 retail. 5-user license $3,300.00 retail. 10-user license $5,700.00 retail. 30-user license $8,800.00 retail. www.2nd-site.com/product-services/prices-for-quickbooks-products/

9. What type of Accounting Software is QuickBooks? Commercial Accounting Software

Commercial accounting software such as QuickBooks or Peachtree can handle most, if not all, of a small- to mid-size business's accounting needs. Accounting software work with almost any business, and allow you to create customized functions to fit your specific needs. Commercial accounting software often includes

graphs that summarize data, as well as reports that provide a picture of a business's health. Each type of commercial accounting software has strengths and weaknesses. http://smallbusiness.chron.com/types-accounting-software-60627.html 10. QuickBooks vs Other Accounting Software QUICKBOOKS VS PEACHTREE

Both versions of QuickBooks boast a well-developed and easy to use invoicing system dubbed the Collections Center. QuickBooks Premier includes the ability to track data from different departments, locations or funds, all in one report. Batch invoicing is another new feature that QuickBooks offers, allowing one invoice to be created and applied to everyone in a group. From top to bottom, QuickBooks has updated their offerings to keep pace with software and technology trends enabling easier online integration. For example, all versions of QuickBooks can be used in conjunction with your online banking and web-based email account (e.g., Gmail, Hotmail, Yahoo! Mail). They can also be connected via QuickBooks Sync to Intuits online servers, making information seamlessly available. Peachtree, on the other hand, is great for loads of specific small business tasks and offers a very customizable tool set. Each version of Peachtree 2012 can deftly manage workflow analysis, volume pricing, complicated inventory concerns (e.g., multiple warehouses) and vendor reports. Peachtree has also teamed up with business intelligence firm Alchemex to provide Excel-based business intelligence summaries for Complete and Premium users. With Peachtree you can keep an eye on cash flow with preset alerts that send email notifications when inventory amounts get too low or an accounts balance passes a predetermined threshold. Perhaps the most valuable tool that Peachtree offers is its Internal Accounting Review that audits your data to detect common accounting mistakes. This makes sure that your hard earned money doesnt slip through the cracks. These are slightly different products being catered to slightly different crowds, and they arent cheap, but they are well worth the investment in terms of both dollars and hours saved. In fact they will allow you to get back to the really fun tasks of running a small businesslike complaint resolution. http://blog.softwareadvice.com/articles/accounting/peachtree-vs-quickbooks1062211/ QUICKBOOKS VS MYOB

QuickBooks has no restriction on the number of companies you can use the software with and users can select from a variety of customised versions to suit their particular business, while MYOB restricts the user to five individual company files, however it allows 30 days free access before having to register the product compared with https://www.google.com.ph

11. Basic interface of a QuickBooks.

Submitted by: ANGELIQUE MAE E. ARGONIA BSA-4 Submitted to: Alvin D. De Leon, CB, CPA Professor