Since its introduction in the 1990’s, QuickBooks has captured a lion’s share of the financial software market, nearly 95%. One of the reasons for its soaring popularity is that it offers industry-specific versions, with workflow processes and reports designed for different business types along with the terminology associated with these trades.
And there are even special QuickBook versions for manufacturers, wholesalers, professional service firms, contractors, non-profits and retailers, and even one specifically designed for professional accounting firms who service multiple small business clients.
It was only a matter of time before a hosted solution called QuickBooks Online Edition was introduced. QuickBooks Online is a user-friendly web-based accounting software for quick and easy bookkeeping developed specially for Small and Medium Enterprises (SMEs) in Singapore. With this online version, 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. All of the user’s data is backed up automatically and kept safe and secure on the hosting servers, and uses the same encryption technology (128-bit SSL) used by the world’s top banking institutions. Software patches and regularly upgrade to the software are also done automatically. This means that users will no longer have to pay for software upgrades, or have the need to manually update multiple systems running the software in a company.
But how does it fare in the real world? Ask Stephen Ashbee, Managing Director, House of Self Development in Singapore. He loves the freedom that QuickBooks Online gives him. “I love the convenience” he says, “With QuickBooks Online on my mobile, I can now access accounting and customer information anytime, anywhere, with my tablet or phone.”
And being able to access information on the move is essential for his business. As a development coach, Stephen frequently travels abroad. “Being able to access my account information while working overseas allows me to keep a close eye on my business with only a few clicks.”
This has made doing business much easier and more convenient. For instance, with QuickBooks Online, Stephen can easily log-in to his account while meeting a client nearly anywhere. As Stephen remarked, “Issuing an invoice or receipt can be done in a matter of seconds over coffee!”
For ease of access and compatibility, multiple browsers, such as Internet Explorer, Mozilla Firefox for PCs and Safari for Mac are supported. Of course, you can use QuickBooks Online with your mobile as it is supported on the iPhone, Android, Blackberry, and web app platforms.
For more information about QuickBooks Online or to sign up for a free trial, please click here