QuickBooks is one of the most popular accounting software for small businesses in the UK. It offers a range of features and benefits that can help you manage your finances, comply with tax regulations, and save time and money. But is it worth it for your business? Here are some pros and cons to consider before you decide.
Cost-effective: QuickBooks has affordable plans for different types of businesses, starting from Â8 per month (excl. VAT) for the self-employed package, which lets you easily separate business and personal expenses, track mileage, and estimate your self-assessment income tax. You can also get 90% off for the first three months if you sign up now.
Easy to use: QuickBooks has a user-friendly interface that lets you access your dashboard, reports, invoices, expenses, and more from any device with an internet connection. You can also use the mobile app to create invoices and snap receipts on the go. QuickBooks is designed to be simple and intuitive, even for beginners .
Feature-rich: QuickBooks has everything you need to manage your accounting tasks, such as creating and tracking invoices, recording and categorising expenses, managing payroll, submitting VAT returns directly to HMRC, reconciling bank transactions, generating financial reports, and more . You can also connect your bank accounts and other apps to QuickBooks to automate data entry and sync your information.
Customer support: QuickBooks has a dedicated customer support team that gets glowing reviews on Trustpilot. You can contact them via phone, chat, or email, or use the online help centre and community forum to find answers to your questions. You can also connect your accountant to your QuickBooks account if you need professional advice or assistance.
Cons of QuickBooks
Technical issues: Some users have reported occasional technical glitches or errors with QuickBooks, such as slow loading times, syncing problems, or incorrect calculations. These issues can be frustrating and affect your workflow. However, they are usually resolved quickly by the customer support team or by following the troubleshooting steps.
Learning curve: Although QuickBooks is easy to use once you get the hang of it, it may take some time and effort to set it up and customise it for your business needs. You may also need to learn some accounting terminology and concepts to use QuickBooks effectively. Fortunately, QuickBooks offers free online training courses and webinars to help you get started and learn new skills.
QuickBooks is a powerful and reliable accounting software that can help you simplify and streamline your bookkeeping tasks. It has a lot of features and benefits that make it worth it for most UK businesses. However, it may not be perfect for everyone, so you should weigh the pros and cons carefully before you sign up. You can also try QuickBooks for free for 30 days to see if it suits your needs. 06063cd7f5