There’s no doubt about it, Excel spreadsheets have been an integral part of every business, and the major tool of everyone who kept ledgers of numbers.
But let’s face it, we’ve all become lost somewhere in between several spreadsheets, unused minor errors that messed our calculations, been helpless without the formulae and shortcuts and, frankly, found the infinite cells unattractive.
Then, there’s
QuickBooks® accounting software, which lets business owners keep their own books even without an accounting background. Here are some quick reasons why, in our experience, QuickBooks software is ahead of Excel in the accounting game:
Excel is a general-purpose spreadsheet, not an accounting system. It is excellent for keeping lists and records of all kinds, but running your books in it while also running a business quickly gets stressful, more so if formulae are not your strong point. In QuickBooks software, you enter the basic details of a transaction and the double-entry accounting is handled for you.
Unlike Excel, access your financial data anytime, and from anywhere.
A spreadsheet saved on one office PC is hard to reach when you are out. Try recording a taxi receipt in it while you wait at the airport. With the cloud version, QuickBooks Online, your figures are available on a desktop, laptop, phone or tablet wherever you have an internet connection.
Unlike Excel, stay on the same page and collaborate better with your team.
Picture this: you email your first-quarter spreadsheet to your accountant, who makes a few changes and sends it back. You now have two versions, and your co-founder may be keeping a third. Very soon nobody knows which file is right. With
QuickBooks software in the cloud, the whole team works in one shared set of books, with user access you control and a record of who changed what.
Unlike Excel, create professional invoices and customize them.
Many businesses keep a folder of spreadsheet invoice templates and still feel their invoices look home-made. In QuickBooks software, you pick an invoice layout, add your logo and brand colours, and have a polished invoice ready in minutes.
Unlike Excel, track your invoices and get them paid on time.
After sending an invoice, do you phone the customer to check it arrived, then keep refreshing your bank account? Being paid on time matters to every business. QuickBooks software helps by showing the status of each invoice, such as whether it has been viewed and whether it has been paid.
Unlike Excel, schedule recurring invoices to go out on time.
Most businesses have some customers they bill on a fixed cycle, such as a monthly retainer. If those invoices go out late, the cash comes in late. In QuickBooks software, you can set up recurring invoices on a schedule, something a spreadsheet template cannot do by itself.
Unlike Excel, bring in your bank transactions, and stay in control of your cash flow.
Typing a week’s or a month’s worth of bills and receipts into a spreadsheet is slow, and one wrong digit can throw everything off. With
QuickBooks software, you can link supported bank accounts, bring in transactions, sort them into income and expense categories, and see your cash position straight away.
Building charts in Excel can look great, but it takes time and spreadsheet skill every time you need an update. QuickBooks software comes with ready-made reports, such as profit and loss and balance sheet, that you can customise and run whenever you need them, so the numbers are always current.
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