QuickBooks for accountants

Accounting isn’t exactly the same profession anymore; it used to be. With changing regulations and clients expecting quick answers, software, as a savior, is eating up the repetitive work that used to take hours.

Day by day, the accounting sector is evolving with new trends, and if you’ve been following the software swings, the numbers are kind of hard to ignore. 

The market for accounting software worldwide crossed almost $18 billion in 2024 and is expected to push past $22 billion by the end of 2025, with cloud-based solutions making up the fastest growth slice.

Zoom into the UAE, and the trend is just as strong. With VAT compliance and a heavy focus on digital transformation, demand for accounting software is expected to grow by 14.94% from 2025 to 2030. Surveys show more than half of small and medium businesses in the UAE are using accounting solutions to get cloud accounting features.

Here’s the interesting part: QuickBooks Software. It’s reshaping the role of accountants, besides replacing manual work. Accountants are now spending more time explaining numbers, advising on tax, and even guiding strategy, instead of spending 70% of the day crunching transactions.

Where QuickBooks Started

The idea of the QuickBooks software package didn’t come up overnight. Its parent company, Intuit, has been around since 1983, founded by Tom Proulx and Scott Cook. Back in 1992, Intuit launched it as a way for small businesses to manage basic accounting without recruiting a full-time accountant. Initially, the QuickBooks accounting software started as just a desktop solution with limited reporting. But, by the early 2000s, this software had become almost the default tool for businesses in the U.S with its new “Basic” and “Pro” versions. Then, in 2003, it opened the door for other industries, offering specific versions tailored to their workflow.

Fast forward to 2025, and QuickBooks Online is now used in over 170 countries. Therefore, this evolution is a reflection of how accounting itself has moved from manual, back-office work to a digital and advisory role.

QuickBooks Automation: Less Typing & More Thinking

Here’s what most accountants will never mind hearing: QuickBooks Online is taking away all the boring stuff. So, bank feeds that used to be manually imported now sync automatically, and rules categorized transactions are happening instantly, while receipts are scanned straight from a phone camera into the system.

QuickBooks is cutting the grunt work down by hours each week. A Deloitte study even suggested automation reduces manual tasks that used to waste 30% of the time invested in accounting processes.

QuickBooks Modules for Day-to-Day Processes

QuickBooks is anything but just a generic “journal entry” system. The set of modules covers almost everything an accountant needs to manage for a client or firm.

• Accounting: At its core, QuickBooks efficiently manages charts of accounts, expenses, ledger, and everything else.

• Payments: It reduces cash-handling headaches while integrating online payments, debit, and credit options.

• Payroll: Using QuickBooks support, you can handle staff wages, deductions, overtime, and end-of-service in compliance with the UAE law. Overall, best for businesses with high staff turnover.

• Time Tracking: It automatically tracks billable hours. Especially handy for project-based businesses, sync directly into payroll.

• Invoicing: Send custom invoices digitally with automated reminders and other options.

• Multi-Currency Support: This must-have feature often helps UAE clients deal in AED, INR, USD, EUR, and more.

Most clients don’t use all of these right away, but accountants can unlock serious value by tailoring which modules get activated.

Students are Getting on Board with QuickBooks Online

Here’s an interesting trend. Students studying accounting and finance are already learning QuickBooks before they even step into firms. Intuit actually offers a free 12-month trial for current students if they register with their university email. That means the next generation of accountants walking into jobs already know the tool inside out. 

Hence, training time goes down, and juniors can contribute from day one. For students, it’s a leg up in this competitive job market.

The demand for accounting software is flourishing both worldwide and in the UAE, and QuickBooks is leading that growth.

At Penieltech, our consultants ensure that UAE firms get the software working the way they want. Our support makes the transition smoother, and clients can see the benefits faster.

FAQs

1. Is QuickBooks Software only for small businesses?

No. While it started that way, it now supports mid-sized firms and multi-branch setups, especially with QuickBooks Cloud.

2. Is QuickBooks Cloud secure?

Yes, QuickBooks Cloud uses encrypted hosting and multi-layer authentication, so accountants can easily set permissions for staff to keep access restricted.

3. Does QuickBooks Accounting software integrate with payroll systems in the UAE?

Yes, QuickBooks Payroll can be configured to handle UAE wage laws, deductions, and end-of-service.

More:

Q1. How does QuickBooks help accountants manage multiple clients?
QuickBooks Accountant provides tools like Client Data Review, consolidated dashboards, and easy file sharing to streamline managing multiple clients efficiently.

Q2. Can accountants customize reports in QuickBooks?
Yes, QuickBooks allows accountants to create and customize detailed financial reports tailored to each client’s needs, improving insights and decision-making.

Q3. Does QuickBooks support collaboration between accountants and clients?
Yes, QuickBooks Online Accountant enables real-time collaboration, where accountants and clients can access and update financial data simultaneously from anywhere.