Answered: Does Quickbooks offer online payment…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Does Quickbooks offer online payment processing? What would be the advantages and disadvantages of using online payment processing? What do you recommend for your company?

Expert Solution

Step 1

Quick Books Online provides business owners with a convenient remote access option. You, your bookkeeper or your accountant can log in to your Quick Books account from any web browser, which gives you powerful access to information on the go. This online service is a great fit for service-based business.

Advantage of online payment method

Easy to use and learn.
Integrates well with other systems and flexible with 3rd party applications.
Provides good accounting reports.
Affordable price.
Easy to access from any device – phone, tablet and computer (depending on the version)
Easy to find and fix errors/mistake

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