QuickBooks is used to track income and expenses, record transactions, send estimates and invoices, automatically back up data, and track inventory. Other uses for QuickBooks include paying bills, preparing IRS 1099 forms, tracking billable hours by customer and filing payroll taxes.
Simple Start, Essentials and Plus are the online versions of QuickBooks available for purchase. The Simple Start version has the ability to access data from a tablet or smartphone, invite up to two accountants to access data, and integrate with available applications. The Essentials version also includes the ability to set up recurring invoices, pay bills from vendors, enter bills, schedule payments and compare profitability with industry trends. The Plus version has the additional abilities of tracking inventory, tracking billable hours, tracking sales, preparing 1099s and creating purchase orders.
QuickBooks Pro is a software version of QuickBooks. With this software, users can download bank and credit card transactions, import data from Excel, set individual user permissions, and import contacts from Excel or an email address book.
QuickBooks Premier is another software version of QuickBooks. This software features the abilities to invoice multiple customers in one batch, track and follow up on sales leads, and track sales and customer payments.