QuickBooks Online
Still on the traditional spreadsheets for your business accounting?
Is your paperwork getting in the way of running your business?
Spend more time growing your business, not on your accounts.
QuickBooks Online accounting software – the quickest way to track sales, create unlimited invoices and complete tax returns.
From the makers of the globally acclaimed QuickBooks Accounting Software now comes QuickBooks Online (QBO) for the Philippines! See how it works for your business.
QuickBooks Online is a real online (or cloud) accounting software solution. But what does ‘online’ really mean for you?
- No downloads, no software – all you need is a speedy broadband internet connection and your favourite browser
- Fast access to your company file – always, size really doesn’t matter
- Keep your financial data in one place online – available at anytime, in the same place to anybody you choose
- Easy log-in for your accountant – they get their own free user licence
- Automatic and safe back-ups of your data – you don’t have to do anything
- Secure, affordable, convenient and always online – whenever, wherever
Advantages of QuickBooks Online
Unlike spreadsheets and recording everything on paper, QuickBooks Online makes it easy to save time tracking your sales and expenses, organise your finances and manage your tax.
| Anywhere access online from your PC, Mac, Tablet or Smart Phone.Organise your business finances in one place that you can access anywhere, anytime from your PC or Mac.Your data is automatically backed up and you’re kept up to date with the latest features and updates – for free.Log in to QuickBooks Online from any internet connected Mac, PC or your mobile device. Work from the office,home, or the road. You can be anywhere in the world! Enjoy the freedom to work when and where you want. |  |
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You’ll spend less time on your accounts and more time for your business essentials.QuickBooks Online can save you time on your accounts, every single day.With quick, easy access to all your figures, reports, invoices, customer details and more, it’s easy to find the information you need – instantly. |
| Simpler than paper or spreadsheets and you get organized finances in time!QuickBooks Online automates your accounting and does the calculations for you.Unlike using pen and paper, it’s harder to make mistakes. And there’s no need to create complicated spreadsheet formulas either. |  |
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All your records will be in one placeQuickBooks Online gives you one place to go for everything.All your customer and supplier details. All your financials. All in one place – organised and searchable, so you can always find what you need. |
| Takes care of everyday tasks with no fussQuickBooks Online makes light work of the jobs you do most often.Generate quotes and unlimited invoices automatically, create reports in seconds – or see an overview of your business cash flow at a glance. |  |
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Tracks every sale and all your expensesQuickBooks Online tracks every sale you make and every expense you incur.It’s really easy to enter the details of sales and expenses as they happen. QuickBooks Online tracks everything, so you can see thelatest cash flow figures – no more digging through piles of paper. Understand your cash flow and how your business is doing so youcan make better decisions. |
| Professional quotes (only in the Essentials and Plus versions)Create professional-looking quotes and proposals for your customers.Easily create and manage invoices (available in all versions)Design and cretate professional invoices, then print or send them via email. Get your invoices out faster so you get paid sooner.QuickBooks Online also lets you keep track of who owes you money and whether or not you’ve been paid. |  |
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One place for all your customer and supplier data Store details of an unlimited number of customers and suppliers. Know more about your customers– identify your bestcustomers and see who buys what, when and how often. |
| Connect users in different locations by allowing multiple users to access your account. Plus give your accountant access, if you like.Rest assured, you can specify permission levels to control what type of data each user can see or modify |  |
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Data backup and security We automatically back up your data every two hours and we meet the highest online security standards for data storage. |
| Instant access to critical information and reportsP&L, cash flow and balance sheet at the click of a button. Drill down into business knowledge with pre-built and customisable reports |  |
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Easy VAT filing in the Essentials and Plus versions QuickBooks Online generates VAT summaries for you in a single click. Know how you’re doing with everything at your fingertips,you’ll also be ready for tax time. |
| Work with colleagues in other locationsGet your Company Snapshot in the Essentials and Plus versions See the state of your business instantly with the Company Snapshot – a single screen that shows exactly how your business is doing. YourCompany Snapshot will tell you, every day, what you’re making, what you’re spending, how you’re doing compared to last year and more |
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Handle foreign currencies in the Essentials and Plus versions Manage international customers with ease – trade in multiple currencies and switch between them using up-to-the-minute exchange rates. |
| Plan ahead and build budgets with ease in the Essentials and Plus versionsYou never know exactly what’s round the corner, but you can make a prediction. Create budgets to estimate future income and expenses,plus create “what if?” scenarios. Compare budgets with your actual performance to track how your business is performing. |  |
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Track costs for each job accurately in the Essentials and Plus versions Accurately track the costs of every job. QuickBooks prompts you to list supplies you’ve used on your invoices, ensuring that you setthe right mark-up, bill clients correctly and don’t lose out when buying supplies. |
| With QuickBooks Online you always work with the latest version.QuickBooks Online is a cloud-based pay as you go service – you don’t have to download any software or updates to your desktop.Everything is done automatically for you online. |  |
| QuickBooks Online | Other accounting software (traditional desktop applications) | |
| Software installation | None required | Required on each computer that will access the data |
| Access | From any location, any computer, any time with an Internet connection (and a supported Web browser) | Restricted to the computer(s) where it is installed; to access the same data file, computers need to be on the same network, which usually means they need to be in the same building (or you need a fancy IT department) |
| Multiple users | Yes | Generally charged |
| Upgrades | Free, done automatically | Major upgrades are charged; need to upgrade manually on each computer where software is installed |
| Customer Support | Free, included in the price | Charged |
| Set up time | Instant. Can be up and running in less than 10 minutes | Longer time to install and set up; may require IT support |
| Data Storage | Unlimited storage; no hard drive space required | Need data storage capacity up to 2 GB; limited to your hard disk capacity |
| Security | As secure as a bank | Limited to your antivirus software and firewall |
| Back ups | Automatic backups every 2 hours | Need to do it yourself |
| Cost | As low as $15/ month* for self service | Generally high |
* Additional fees may apply for configuration of your QuickBooks Online and actual monthly bookkeeping services by Digital Steer IT Solutions.
| QBO Plans Comparison |
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*Based on Php42 to US$1
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