ACCOUNTING DEPARTMENT: QUICKBOOKS ACCOUNTING COURSE

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AVS Learning Center serves you for learning the basic computer knowledge for leading a prosperous professional career or in case you intend to do business, it allows you the fundamental guidelines as to running a business in an efficient and profitable way, leading you towards the pathway to success.

Computer education

improves students’ research skills by encouraging them to look for information on the Internet. It enables them to research various topics by seeking relevant books that could be digitally available online. The Internet also contains search options, which expose students to diverse ways of obtaining information. Thanks to the speedy nature of the Internet, students can research their desired topics within minutes

QUICKBOOKS ACCOUNTING COURSE

QuickBooks

is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud based versions^[2] that accept business payments, manage and pay bills, and payroll functions.

History:
                 Intuit was founded in 1983 by Scott Cook and Tom Proulx in Mountain View, California, USA. After the success of Quicken for individual financial management, the company developed similar services for small business owners.
Initial release:
                            The initial Quicken software did not function as a "double-entry" accounting package. The initial release of QuickBooks was the DOS version that was based on the Quicken codebase. The Windows and Mac versions shared a different codebase that was based on In-House Accountant, which Intuit had acquired. The software was popular among small business owners who had no formal accounting training. As such, the software soon claimed up to 85 percent of the small business accounting software market. It continues to command the vast majority of this market.^[3] Professional accountants, however, were not satisfied with early versions of the system, citing poor security controls, such as no audit trail, as well as non-conformity with traditional accounting standards.
Subsequent releases:
                                            Intuit sought to bridge the gap with these accounting professionals, eventually providing full audit trail capabilities, double-entry accounting functions and increased functions. By 2000, Intuit had developed Basic and Pro versions of the software and, in 2003, started offering industry-specific versions, with workflow processes and reports designed for each of these business types along with terminology associated with the trades.
Options now include versions for manufacturers, wholesalers, professional service firms, contractors, non-profit entities^[4] and retailers, in addition to one specifically designed for professional accounting firms who service multiple small business clients. In May 2002 Intuit launched QuickBooks Enterprise Solutions for medium-sized businesses.
In September 2005, QuickBooks had 74% of the market in the US.^[5] A June 19, 2008 Intuit Press Release said that as of March 2008, QuickBooks' share of retail units in the business accounting category reached 94.2 percent, according to NPD Group. It also says that more than 50,000 accountants, CPAs and independent business consultants are members of the QuickBooks ProAdvisor program.^[6] By then Brad Smith was the new CEO, though former CEO Steve Bennett had nearly tripled Intuit revenue and quadrupled earnings in eight years.^[7]
On September 22, 2014, Intuit announced the release of QuickBooks 2015 with features that users have been requesting from the past versions. Improved income tracker, pinned notes, improved registration process and insights on homepage are some of the general changes for all versions of QuickBooks 2015.^[8]
In September 2015, Intuit released QuickBooks 2016 that contains several improvements to the existing ones and new features such as batch transaction, bill tracking, continuous feed label printer support, batch delete/void transactions etc.^[9]
In September 2016, Intuit released QuickBooks 2017 with several improvements like automated reports, smart search and improved viewing of report filters among other things.


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QuickBooks Online:
Intuit also offers a cloud service called QuickBooks Online (QBO). The user pays a monthly subscription fee rather than an upfront fee and accesses the software exclusively through a secure logon via a Web browser. Intuit provides patches, and regularly upgrades the software automatically.
As of May 2014, QuickBooks Online had the most subscribers for an online accounting platform, with 624,000 subscribers.^[12] compared to Xero, which reported 284,000 customers as of July, 2014.^[13]
The cloud version is a distinct product from the desktop version of QuickBooks, and has many features that work differently than they do in desktop versions.^[14]
In 2013, Intuit announced that it had rebuilt QuickBooks Online "from the ground up" with a platform that allows third parties to create small business applications and gives customers the ability to customize the online version of QuickBooks.^[15]
QuickBooks Online is supported on Chrome, Firefox, Internet Explorer 10, Safari 6.1, and also accessible via Chrome on Android and Safari on iOS 7.^[16]^[17] Internet Explorer. One may also access QuickBooks Online via an iPhone, a BlackBerry, and an Android web app.^[18]^[19]
In 2011, Intuit introduced a UK-specific version of QuickBooks Online to address the specific VAT and European tax system. There are also versions customized for the Canadian, Indian, and Australian markets, as well as a global version that can be customized by the user.^[20]

QuickBooks Point of Sale:
QuickBooks Point of Sale is software that replaces a retailer's cash register, tracks its inventory, sales, and customer information, and provides reports for managing its business and serving its customers.