![]() ![]() ![]() QuickBooks’ integrated banking options can make things easier for you – if not completely remote. You can be anywhere in the world and still have access to your financial records and books through Quickbooks. That’s because all your accounting tools are collated in one place and are a single click away.Īll you need to do is enter the data, and QuickBooks will take over the rest of the work. With QuickBooks, you don’t even need to waste time finding different formulas for your data. You will instantly get an error prompt when you enter incorrect data. Unlike Excel, QuickBooks is not so prone to errors. Thanks to its simple interface and increased ease of use □ Expert at Details It is less stressful and helps you reach your business goals more swiftly. If you want a program that’s tailor-made for your accounting needs, QuickBooks is your one-stop shop. What is great about QuickBooks User-friendly Interface That being said, let’s find out what makes QuickBooks so great. And this is what makes it more straightforward and simpler to use. ![]() You won’t find advanced formulas or pivot tables in QuickBooks. Unlike Excel, this software is built to meet only your accounting needs. You might be at a big loss in case of a power cut or privacy intrusion if no precautionary measures were in place □ Moreover, to take the safer side, you must keep a backup of all your data at all times. This puts your financial data, like bank accounts and cash flow details, at risk. For this very reason, any unauthorized person may easily access, edit, or even steal your work. ![]() Excel spreadsheets lack strong security and encryption features. Not So SecureĮven if you lock all the important cells or your entire file, the security of your document is still not guaranteed. If you want to become better at understanding and using Excel, check out my free training here. To make the best use of most of the Excel features/functions, you must be a regular Excel user, if not an expert. The so-many features and formulas offered by Excel can thus be confusing when your only aim is to perform some quick data analysis. This can happen especially if you are new to Excel or don’t know Excel in depth. Where no limits may be an advantage for some, unlimited resources may be a problem for others□♀️ It takes away the risk of data-related errors caused by manual data entry. For such reasons, small business owners tend to use automated software. And the manual labor required in Excel can be too exhaustive at times. Manual data entry in Excel is stressful and can sometimes cause big mistakes. And Excel’s vastness can be a disadvantage when you only need it to manage your finances. Modern times require modern accounting software. Regardless of how excellent an application is, it always has some drawbacks. Excel lets you stay a step ahead of your competitors – unless they’re using Excel too ♾ What is not so great about Excel There are (almost) no restrictions or limits. And choose whichever templates suit you the best. Not only that, but you can also customize your spreadsheet and financial statements however you like. With the freedom to create and save your own formulas as functions, Excel is a Turing-complete spreadsheet program □ If you are part of a big company or an individual with a creative mind, Excel is your workmate. Not only does it reduce your work time and stress, but it also makes you more proficient and quick at your job. Formulas and FunctionsĮxcel has more than 400 built-in functions that provide instant solutions for most of your jobs – whether statistical or financial. So when it comes to graphical representations, Excel is our top choice. No other accounting software offers this many plotting features ✨ But the same text represented in a 2-dimensional spreadsheet becomes 10x more interesting and understandable.Įxcel spreadsheets also provide a wide range of charts, graphs, maps, tables, and illustrations. Even for accounting! But why is that? What is so great about this spreadsheet software after all? Excel is one of the most popular software programs. ![]()
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