The whole point of using any accounting software is to make your life easier by saving you time and money in addition to assisting you meet your legal requirements. Most accounting professionals recommend QuickBooks to their clients.
It should save you time because:
• the whole process of bookkeeping should be faster (although setting up a package can take an initial “time investment” at the start)
• you should be able to answer queries much quicker (such as “did you pay supplier A last month, and if so, how much)
• some things should be semi or fully automated, such as bank reconciliations
• your “year end” should be more straightforward
It should save you money because:
• you should have more productive meetings, less often, with your accountant (whose time is billable to you)
• indirectly, you should save money by freeing up your/your bookkeeper’s time
• you will be able to make better financial decisions as a result of better and more timely information
