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Quick book accounting package in Cambodia is one of the most widely used accounting software packages,
particularly for small and medium-sized businesses. Developed by Intuit it provides a variety of tools for managing finances, bookkeeping, and accounting tasks. Here’s a breakdown of the different versions and features offered by QuickBooks Quick book accounting package in Cambodia:
QuickBooks Online
Website: (https://quickbooks.intuit.com/online/)
Type: Cloud-Based
Best For: Small businesses that need cloud access, real-time updates, and mobile functionality.
Features:
Invoicing and Payments: Create invoices, send reminders, and accept payments online.
Expense Tracking: Automatically track expenses, link credit cards, and bank accounts.
Reports and Financial Statements: Access customizable financial reports (P&L, balance sheet, etc.).
Tax Management: Helps with sales tax tracking and generating tax reports for filing.
Multi-User Access: Allow multiple users (with different roles) to access the system, making collaboration easier.
Mobile App: Manage finances on the go with the QuickBooks mobile app.
Pricing: QuickBooks Online has different pricing tiers depending on the features you need. The basic plan starts around $25/month, with higher plans offering more advanced tools like time tracking, payroll, and project management.
2- QuickBooks Desktop
Website: (https://quickbooks.intuit.com/desktop/)
Type: Desktop Software
Best For: Businesses that prefer having their data stored locally or require advanced accounting features that aren’t available in the online version Quick book accounting package in Cambodia.
Features:
Advanced Reporting: More robust and customizable reports compared to QuickBooks Online.
Inventory Management: Includes advanced inventory tracking and tools for managing stock levels, costs, and sales.
Job Costing: Track costs associated with specific jobs or projects.
Payroll Integration: Manage payroll within the desktop software (available as an add-on).
Local Data Storage: Your financial data is stored on your own computer or server.
Versions Available:
Pro: For small businesses. Includes basic accounting features.
Premier: For businesses with more complex needs (inventory, industry-specific reports).
Enterprise: For large businesses with advanced accounting needs.
Pricing: QuickBooks Desktop pricing starts at $299.99/year for the Pro version. The Premier version and Enterprise solutions are more expensive, with prices starting at around $499.99/year.
3- QuickBooks Self-Employed
Website:(https://quickbooks.intuit.com/self-employed/)
Type: Cloud-Based, Simplified for Freelancers and Independent Contractors
Best For: Freelancers, independent contractors, and sole proprietors who need a simple way to track income and expenses.
Features:
Expense and Income Tracking: Automatically track mileage, categorize expenses, and monitor income.
Invoicing: Send invoices and track payments.
Tax Calculation: Helps estimate quarterly taxes and file taxes.
Self-Employed Reports: Reports specific to self-employed tax filing, including Schedule C.
Pricing: Typically around $15/month , but features like tax filing and additional reports may require an upgrade.
4- QuickBooks Payroll
Website: (https://quickbooks.intuit.com/payroll/)
Type: Payroll Software (Can be integrated with QuickBooks Online or Desktop)
Best For: Businesses that need to manage employee payroll in-house.
Features:
Automatic Payroll: Calculate and pay employee wages automatically.
Tax Filing: QuickBooks automatically calculates federal and state taxes, and it can file payroll taxes for you.
Direct Deposit: Direct deposit for employees or contractors.
Employee Benefits: Manage health benefits, retirement plans, and other employee perks.
Pricing: Plans start from $45/month (plus $4 per employee).
5- QuickBooks Commerce (Formerly TradeGecko)
Website: [QuickBooks Commerce](https://quickbooks.intuit.com/commerce/)
Type: Inventory and Order Management Software
Best For: E-commerce businesses or those dealing with a large volume of inventory.
Features:
Inventory Management: Track stock, manage suppliers, and handle purchasing orders.
Order Management: Manage orders from multiple sales channels (online store, marketplaces, etc.).
Multi-Channel Selling: Integrate with platforms like Shopify, Amazon, eBay, and more.
Sales Analytics: Generate reports to analyze sales performance.
Pricing: QuickBooks Commerce starts at around $39/month with higher-tier pricing depending on the features and volume of transactions.
Which QuickBooks Version is Best for You?
1- For small businesses and startups: QuickBooks Online is often the best option as it is cloud-based, easy to access anywhere, and offers a variety of pricing plans.
2- For established businesses with complex needs: QuickBooks Desktop (Premier or Enterprise) is a solid choice for businesses that need advanced reporting, job costing, and detailed inventory management.
3- For freelancers/contractors: QuickBooks Self-Employed is perfect for those who need a simple way to track income and expenses, send invoices, and estimate taxes.
4- For payroll management : If you need payroll integrated into your accounting software, QuickBooks Payroll is available as an add-on to both QuickBooks Online and Desktop.
5- For e-commerce businesses: QuickBooks Commerce offers great tools for managing inventory and integrating with multiple sales channels.
Let me know if you’d like more details on any of these options or need help with setting up QuickBooks for your business!
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