Why do we use QuickBooks?
We’ve tried other accounting systems and QuickBooks still comes out on top for small to medium sized organizations. It is by far the most used accounting system by small businesses and, if designed properly, can give you job costing, Profit & Loss by contract, and detailed reporting that is custom to your business. QuickBooks also has an audit trail that CANNOT be turned off. As a Certified Fraud Examiner, I am pleased with this system and recommend it for all our clients.
Libby King & Associates uses QuickBooks for our clients who have successfully passed Defense Contract Auditing Agency (DCAA) accounting system audits. We also have a client who has been acquired by a billion dollar company and during due diligence, the acquirer’s MBA and CPA staff has commented on how clean the books are and how easy their job is because of QuickBooks (and how we operate QuickBooks, of course.)
We use Right Networks, a hosting service that is the largest provider to Intuit customers, and store all our clients’ QuickBooks datafiles in this environment. This setup allows for secure, networked access to QuickBooks by approved users in a cloud-based environment. Right Networks provides and maintains all computer and networking equipment, backs up our data nightly, is responsible for disaster recovery planning, and provides exceptional customer service. These essential information technology functions are handled by the professionals, allowing us to focus on our service offering.