History of QuickBooks FAQS

• What is QuickBooks?
• How much bookkeeping awareness do I require in order to operate QuickBooks effectively?
• What's the difference between Quicken and QuickBooks?
• What are the system requirements for QuickBooks?
• How do I update data to a new version of QuickBooks?
• What versions of QuickBooks are compatible with Windows 7?

1. What is QuickBooks?

QuickBooks provides both large and small businesses a stress-free method of accounting. The software allows businesses to track assets, receivables, payables, and liabilities for accounts. QuickBooks is customizable and generates widespread reports, such as profit and loss statements, general ledgers and balance sheets. The program also allows for online backup of information.

2. How much bookkeeping awareness do I require in order to operate QuickBooks effectively?

According to QuickBooks-Help.com, the QuickBooks software requires no accounting knowledge. Users fill in straightforward forms, and the program completes the accounting features.

3. What's the difference between Quicken and QuickBooks?

According to Kershaw Associates, Quicken assistances users track personal finances and investments, while QuickBooks tracks business accounts. QuickBooks does not offer investment tracking, but Quicken does.

4. What are the system requirements for QuickBooks?

Different versions of QuickBooks have different requirements, with the newer versions needful more recent Windows software. QuickBooks 2011 needs Windows 7, Vista, XP, Server 2008, Small Business Server 2008, or Server 2003, with a minimum 2.0GHz processor, 1 GB RAM for a single user and 2.5 GB disk space. The software also necessitates 1024x768, or higher, screen resolution and 16-bit, or higher, color. CD installations require a 4x CD-ROM drive.

5. How do I update data to a new version of QuickBooks?

When you open a company file in a new version of QuickBooks, the data from the previous version will update automatically. The program will also back up the file in the present version so you can go back to the older QuickBooks at any time.

6. What versions of QuickBooks are compatible with Windows 7?

QuickBooks 2010 and 2011 were made to work with Windows 7. Affording to Intuit's support website, Quickbooks 2008 and 2009 can still be run with Windows 7 but difficulties might arise that the support team cannot resolve.