Managing accounts, and keeping track of cash flow, expenses, and revenue consumes a big chunk of business operations every day! However, now that technology is evolving rapidly, there are many software available that can take care of accounting so that you don’t have to.
If you are a business owner you must have come across Quickbooks software. Quickbooks is one of the most popular accounting software that various business organizations are using to manage their accounts.
Here’s a quick look at some of the features of Quickbooks:
Invoicing and billing: QuickBooks allows you to create professional invoices and track payments from customers.
Expense tracking: You can track and categorize expenses, including receipts, bills, and bank transactions.
Financial reporting: QuickBooks provides a variety of financial reports, including profit and loss statements, balance sheets, and cash flow statements.
Inventory management: You can track inventory levels, set reorder points, and create purchase orders.
Even though Quickbooks is a popular tool, it isn’t necessarily the best for your business. While we highlighted some of the features that make Quickbooks popular, here are some of the shortcomings of the software that you should know:
Shortcomings of Quickbooks:
Cost: Quickbooks can be expensive, particularly for small businesses with limited budgets.
Learning Curve: Quickbooks can be difficult to learn and use, particularly for people who are not familiar with accounting principles.
Limited Features: Some users have reported that Quickbooks has limited features and does not offer the same level of customization and functionality as other accounting software.
Customer Support: Some users have reported issues with Quickbooks customer support, particularly when it comes to resolving technical issues or getting help with more complex accounting tasks.
Compatibility Issues: Quickbooks may not be compatible with all operating systems or software applications, which can create issues for some users.
Slow Performance: Some users have reported that Quickbooks can be slow to load or operate, particularly when working with large amounts of data.
Security Concerns: There have been reports of security issues with Quickbooks, including data breaches and other cyber threats.
Best Quickbooks Alternative In India:
Going through this extensive list of shortcomings, you must be wondering about the alternatives you can use instead of Quickbooks, especially now that Quickbooks has announced that it is shutting down its operations in India, it must have become that much more important for you to find the right alternative of Quickbooks.
But don’t worry, we have got you covered! If you are looking for the best Quickbook alternatives you can definitely put an end to your search with OneHash!
OneHash is a comprehensive accounting management software that simplifies all your financial operations. It is a perfect fit for boosting workflow automation, reducing inefficiency, and promoting more profitable decision-making.
Here’s what makes OneHash the perfect alternative to Quickbooks:
Comprehensive Accounting: With OneHash, you can easily create a chart of accounts, use fiscal year details for setting sales goals, and maintain the financial book payments. And that’s not even all, you can also make journal entries, create templates and create ledger summaries for customers and suppliers.
Manage Account Receivables and Payables: Having the right information about account receivables and payables is important for any business. With OneHash, you can create sales and purchase invoices, customer and supplier details, payment entries and requests, accounts receivable summaries, sales order analysis, purchase order summaries and analysis, and items to be billed.
Maintain Budgeting, Taxes, and Profits: With OneHash, you can easily create monthly disruptions and budget reports against the chart of the cost center which allows you to keep tabs on costs and income. You can also create sales, charges, and item templates and understand their implications.
Get Financial Statements: With OneHash, it is pretty straightforward to review the trial balance and profit and loss statement. You can also maintain a balance sheet, and cash flow and generate a consolidated financial statement.
Manage Banking, Shares, and Subscription: If you struggling with your information scattered all around the place then with OneHash you can easily manage your bank accounts, clearances, and reconciliation statements. Additionally, you can also maintain your various subscription plans and shareholders and share transfer details.
Master Your Reports: With OneHash, you can review a party's trial balance and the payment period based on invoice dates and sales partners' commission. It helps you understand customer credit balance and sales payment summary with address and contacts analysis.
These are all the features that make OneHash accounting management software the best Quickbooks alternative in India! So what are you waiting for now? Put an end to your search for Quickbooks alternatives today with OneHash!
To know more, you can book a demo call with us here.