Like a lot of business owners, you spend most of your time working and need information about your business presented in an easy to understand way.
QuickBooks Online is the world's number-one cloud accounting solution for small businesses. It offers a host of features and functions that will help you manage your business from basic bookkeeping to preparing for year-end no matter what type of business you are in.
You will soon see that QuickBooks Online can be used as more than just a bookkeeping program. When set-up and maintained properly it will likely become one of your company's most valuable assets. Not only will you use it to track your bank balances and what your customers owe you, but you'll also refer to it as you make important decisions such as hiring more employees, making a price change, or even selling your business.
QuickBooks Online is a cloud-based solution that allows you to access all your financial data and collaborate with your bookkeeper, accountant and payroll provider in real time, anytime, anywhere. It can help standardize the way your business operates and allows you the flexibility to build tailored accounting solutions by adding 3rd party apps that bring additional functionality.
Working in the cloud can increase efficiency by allowing for real-time collaboration and communication between you and either your employees working on your books or third-party accounting professionals. QuickBooks online falls in the category of software as a service also known as SAAS which works on a subscription-based model.
QBO does not operate as a completely stand-alone accounting solution. It has functional limitations - that is where Intuit Add-on apps come in to help you achieve more functionality.
As of this writing, the missing functionality gaps in QBO are filled by third-party apps found in the QuickBooks App store. Over time the QBO developers will surely make inroads to close some of the gaps and add missing functionality to QBO.