QuickBooks Professional Service is an industry-specific software for service-based businesses that assist in job costing, project management, billing, and time tracking.
It uses its reporting features to monitor cash flow and improve business profitability.
About QuickBooks Enterprise
QuickBooks Enterprise is a cloud-based software that allows businesses to oversee accounting and financial activities. The software allows bookkeepers and accountants to make quotes, create and custom invoices, and manage sales tax. Users can regulate profit margins with up to date financial data, improve inventory operations, track the stock value, and manage customer orders.
The software improves visibility into sales performance, analyses profit and loss, and track payments using the invoicing status. Its features allow for time and money-saving as well as better decision making.
Intuit Software Company founded in 2002 established QuickBooks
QuickBooks Professional Service Edition
The QuickBooks Professional Service Edition is a professional service software that uses reports to provide insights into the operations of businesses. It provides information on the costs of operations and clients' history. It also assists in creating proposals and oversees projects, gauging their completion time while handling costing like job costs, estimation, billing, project costs, expense tracking, and invoice generation.
Users can track actual results, improve profitability, and measure the time spent on projects using the TSheets Elite function. The software can be used to handle tax payments and identify productive team members and profitable clients
Features of the QuickBooks Professional Service Edition
Functions of the software features
• Custom Billing Rates
This feature allows users to allocate multiple billing rates to various employees in different departments
• Quick Invoice
The software utilizes electronic invoicing to generate and send invoices to clients. It allows for a unified display of product items, estimation, and expenses which in turn eases the process of billing
• Data Level Permissions
The software allows users to grant staff, access to only the relevant details needed for their tasks
• Project Costing
This feature helps users calculate the estimated cost and the actual cost of projects. It provides insights into the various activities to stir quick reaction to arising issues.
• Professional Service Chart of Accounts
This helps to gauge customer profitability and customize information like salaries, utilities, properties, investments, and accounts.
This feature allows users to add rates, proposals, estimation, and items when creating proposals
• Professional Service Edition Reports
Asides from the 140+ reports assigned, the Professional Service Edition has an additional 6 project costing reports, and 17 Professional Service reports with available options to customize reporting features.
• Payroll Functions
This handles payroll tax payments and the creation of multiple checks
• Customized Receipts
Users can customize logos receipts to create a uniform appearance and improve communication with customers.
Other capabilities are of the software are
Users of the QuickBooks Professional Service Edition
Those who can find the software useful are; legal firms, medical organizations, engineers, architects, graphic designers, marketing agencies, consultants, interior designers, IT professionals, and advertising agencies.
QuickBooks Professional Service Edition is a service management software for service-based industries such as marketing agencies, legal firms, and graphic designers that provides accurate billing and estimation for projects and proposals. The software with over 150 reporting capabilities helps to increase the profitability of servicing industries, improves workflow, and manages other accounting functions. It also allows users to track expenses, employee activities, and project status.