In the 21st century, accounting software has played a huge role in keeping the finances of businesses in check. It has also allowed the accounting industry to evolve together with technology. According to Statista, 64.4% of small business owners use accounting software. The accounting software market is also predicted to expand to $416.23 million by the year 2024, according to a report by Fortune Business Insights. Undoubtedly, the demand for the use of accounting software will be greater through the years.
QuickBooks is one of the most popular accounting software. It is widely used by small businesses and accountants in managing expenses and income. It is a powerful tool that can be used for invoicing, preparing taxes, paying bills, and generating reports. Based on Intuit Investor Day 2019, there was a 48% customer growth in Canada that has resulted in the market shifting to cloud-based accounting software (QuickBooks Online).
83% of clients expect more from their accountants today, based on research done by Sage. This is why it is important for accountants to continually learn new ways on how to improve productivity and strengthen their knowledge. On top of that, most job opportunities require experience in navigating and completing tasks in QuickBooks or other accounting software.
Companies Using QuickBooks in Toronto
We have listed down different companies that use QuickBooks as their accounting software. Learn more about them and find out if they have a job opening available for you.
| Company | Industry |
| RSM | Accounting |
| Rally | Telecommunications |
| Park Place Property Management | Real Estate |
| GCSE LLP Chartered Professional Accountants | Accounting |
| OneClass | E-learning |
| BDO Canada | Financial Services |
| foreGrowth Inc. | Financial Services |
| Clear Media Group Inc. | Marketing & Advertising |
| Awerix Risdon CPA Professional Corporation | Accounting |
| New Hope Medical Group of Companies | Health Services |
There are also different versions of QuickBooks that cater to different kinds of businesses and needs. Let’s take a look at the top 2 widely used versions of QuickBooks:
QuickBooks Online
Best for small to medium-sized businesses. It is a cloud-based accounting software that can be customized for any industry. QuickBooks Online has more features than any other cloud-based accounting software and customizable reports. It is an easy-to-use software that can be shared with CPAs, employees, and tax professionals. Since this is a cloud-based software, this runs on the internet. If you have no access to the internet, you also won’t have access to the software. The Online version also allows up to 25 users depending on your pricing plan.
QuickBooks Pro
For small to medium-sized businesses. It is a locally installed software with highly developed features such as expense tracking, project management, accounts payable, and more. The Pro version is considered to be very reliable considering its advanced features and can be accessed anytime even without the internet. A standard plan can give access to up to 3 users and access more features if you purchase a higher pricing plan. Premier is a version where you can get up to 5 users and Enterprise for up to 40 users.
QuickBooks Online Courses
Be an expert in QuickBooks by taking these online courses. If you are someone who is looking into establishing a career in accounting or a professional who has been in the field for several years, it is a great asset for you to learn QuickBooks.
Mastering QuickBooks Online
This course will show you how to navigate through every part of QuickBooks Online. You will also experience every common transaction type that can be entered into QuickBooks Online.
In this course, you will learn…
- How to set up a QuickBokooks Online account
- Enter/record every type of transaction that every company could need in to QuickBooks Online
- Find and fix any QuickBooks Online data entry mistake
- Use problem solving and reasoning skills to overcome real life “on the job” challanges, when using QuickBooks Online
- Navigate through and identify everything on the QuickBooks Online screen
- Utilize and customize the most important reports in QuickBooks Online
- Find anything ever entered into the QuickBooks Online account, who did it, and when
The Ultimate QuickBooks Pro Training Bundle
This QuickBooks Training is for QuickBooks Desktop users. Discover how to set up QuickBooks Pro, pay employees, create reports, reconcile, work with sales tax, set up inventory, receive payments, and much more.
In this course, you will learn…
- Training for QuickBooks Pro version 2013 through 2021
- Working with QuickBooks preferences
- Working with customers and jobs and create estimates
- Entering and paying bills
- Working with loans
- How to set up your company file
- Setup the chart of accounts for your business
- Creating and Sending invoices
- Reconciling bank statements
- Using reports to provide you the information required
Takeaway
Being an expert or generally having experience in using accounting software greatly benefits your career as an accountant. QuickBooks is just one of many accounting software you need to be familiar with. Take the necessary steps to advance your career and help your clients.