Want to know my biggest beef with QuickBooks? Well, really with the Intuit, “the makers of QuickBooks”. It’s the marketing. They constantly tell business owners that no accounting knowledge is necessary.
Don’t get me wrong, I think a lot of the data entry could and should be done by administrative clerks or do it yourself business owners. I just think it’s a huge mistake to run a business based on incorrect financial information. If you don’t know accounting, there’s a pretty good chance you’re not getting accurate, helpful information from your books (garbage in, garbage out).
In this economy, business owners need to stay on top of their financials. That means actually using the data you entered into QuickBooks. However, if the QuickBooks data is wrong, you’re using bad information to make decisions.
If you don’t know accounting, do yourself a favor and have someone knowledgeable in accounting review your books every month. You don’t *have to* know accounting to use QuickBooks, but you do need accurate books to manage your business.