How does using Quickbooks compare to using Excel?

Question

How does using Quickbooks compare to using Excel? What are the benefits of using Quickbooks for general accounting procedures?

Answer 1

Quickbooks is an accounting program; just about everything you need to keep financial records is already in the program, including invoicing, job cost, financial statements, check writing, etc. Excel, on the other hand, is an all-purpose spreadsheet. Excel can certainly be used to manage your books, but a lot of work needs to be done in order to mirror Quickbook functions. So, if you wanted Excel to generate invoices, you would likely need to learn "Visual Basic for Applications" to script Excel into doing what you would like for it to do. For Quickbooks, an invoicing option is already there; you just answer a few questions and it sets it up for you.



Quickbooks, on the other hand, is not a general spreadsheet, so using Quickbooks for, say, keeping recipes, school assignments, quick reference sheets for software programs and personal address books, and the ilk, would create specific challenges.



The right tool for the right job. I've seen too many people try to use work processors as desktop publishers, spreadsheets as databases,e tc. and they make life harder on themselves. If you are looking for a general purpose spreadsheet: Excel. If you want to keep records for a business: Quickbooks.



Hope this helped.

Answer 2

Quickbooks Vs Excel

Answer 3

QuickBooks is an accounting program- Almost everything that stands, meanwhile, is a spreadsheet for all uses, etc., check writing, invoicing, job costing, financial statements that are already in the program, including the need to maintain financial records. Excel course can be used to manage your books, but a lot of work to do in order to reflect the Quickbook functions. If you want Excel to generate invoices, if you expect it to do what you want to excel in the script for "Visual Basic for Applications" will have to learn. For QuickBooks, a choice of the bill is already there; Just answer a few questions and sets it.



Quickbooks, on the other hand, the specific challenges that arise from, for example, the use of Quickbooks software programs and personal address books and recipes for people, such as school, work, quick reference sheet maintenance, not a leaf of calculation is.



The right tool for the right job. I too many desktop publishers, such as databases, spreadsheets, e tc act as processors try to use than it looks. They made life difficult for themselves. If you are looking for a spreadsheet general purpose: Excel. Quickbooks: If you want to keep business records.



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Answer 4

Although there are many things you can do with MS Excel, it s not an accounting program. So Excel is a great tool and supplement to complement Quickbooks. In other words, you use QB for your accounting and can send that info to Excel for analysis.



The problem with Excel as an accounting program is that most do not know it well-enough to have it do all the things that need to be done with an accounting software. And yes, there are templates out there that one can use. But there are so many things that need to be linked together that it can get extremely complex, even for someone like myself who has taught and used Excel for many years. So I m an advanced Excel user and would still use QB or another accounting program for the accounting side. Therefore, Excel, in my professional opinion, is a complementary tool. And not a substitute for accounting software.

Answer 5

No matter what the nature of your business, keeping an accurate set of books is essential. Without accurate business records, it will be difficult to attract the funding you need because business records are generally the first thing potential lenders and investors want to see. Inaccurate or disorganized business records can also make it difficult to file your taxes, or even land you in hot water with the Internal Revenue Service. Using Quickbooks to keep your business records lets you avoid those potential problems.

Answer 6

Quickbooks help