I am not an accountant and truly suck at accounting. I would generally recommend it to all small business owners, like myself. QuickBooks can really only take you so far. The Profit and Loss statements were the most important report that I generated because I would use that to deliver it to my accountant and then do my taxes from there. It did give me a good picture of my small business and that helped me with running my business better. I also thought the general ease of use was good. I like the account integrations, however, I could not get my Home Depot credit card to connect, so that was disappointing. DO your research on taxes!!! You can get a good refund if you have a good accountant and also do the prep work which QB is capable of but only for one company at a time. And I had to find a good one who was recommended to me by a friend. They simply can't do it over the phone like an in person accountant. Use a program like QB and then deliver the reporting to a good accountant who can really find the tax breaks. I have finally figured out how to do taxes. So I had to go through every line item and tag it for the appropriate enterprise. But that doesn't work easily if you have thousands of micro-transactions, such as myself. The best thing I can say is that QB gives a good overall picture and the reporting is good as long as you tag everything correctly. After my carpal tunnel episode, (I was crunching and cursing QB and the IRS,) I realized how to actually do my taxes the right way. I probably could have gotten a lot more refund had I had more tax knowledge. I did my taxes all wrong for 2+ years using QB. The simple truth is that an accountant knows way more than I do. Good for the Money, QB still lacks features.
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