QuickBooks is an accounts management tool that helps with various finance tasks. Its features include invoicing, bill tracking, tax simplification, and much more.

The key thing to note about this software is that it is for business needs instead of personal. So you can use it if you’re a freelancer, small company owner, large enterprise, and much more.

Are you wondering what are the main features of QuickBooks? If so, you’re in the right place. Here is a comprehensive resource guide to eliminate all your confusion.

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What Are The Main Features Of QuickBooks?

Following are the top features of QuickBooks that will make financial management a breeze for you:

1. Payment Reminders

The primary task of a company accountant is to ensure that the business is making and receiving payments on time. However, this can become tough because of the high workload. Not only that, but it may slip your mind to process a payment.

Fortunately, you don’t have to worry by using the payment reminder feature of QuickBooks. The program will alert you before the deadline is close to ensure that you finish the transaction early. Not only that, but the reminder goes both ways.

You can use this feature to remind late customers that their bill is ahead of the due date. The best thing is that you can customize the email by making a specific list for users who always exceed the time. 

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2. Invoicing

Manual invoicing is highly time-consuming and can put you behind your schedule. Luckily, QuickBooks has a feature that resolves this issue without making much effort. The tool tracks the company income and lets you know how much a customer owes you.

So you can see the amount that the client needs to pay the company. Additionally, you can see the number of days they are overdue by conducting an A/R aging report. All the information will allow you to create the invoice easily.

The best thing is that QuickBooks also offers templates for invoices to help you save additional time. Once the document is ready, you can print it and mail it to the customer. Besides that, you can email the client as well.

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3. Transaction Import

This is one of the top features of QuickBooks that adds to its appealing factor. The key thing to note is that you can import various transactions from different sources such as PayPal, credit cards, and much more. As a result, the software can track your sales and income.

Another best thing about this feature is that it allows you to organize the transactions. You can do this by using accounting and tax categories for labeling. The feature is also helpful for tracking bills.

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4. Tax Return

The time of taxes is one of the worst phases for an accountant because of the time-consuming tasks. Fortunately, QuickBooks is simplifying this process significantly. This is because you don’t have to worry about compiling incomes and tracking expenses.

QuickBooks tracks your finances throughout the year and automatically prepares a statement. This means that you only have to print the report during the tax return. Not only that, you can provide data access to the provider so that they can make the return quickly.

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