Intuit QuickBooks Pro 2016 V1702 R3
Intuit QuickBooks Pro 2016 V1702 R3: A Comprehensive Review
If you are looking for a reliable and easy-to-use accounting software for your small business, you might want to consider Intuit QuickBooks Pro 2016 V1702 R3. This is the latest version of the popular QuickBooks Pro software, which has been designed to help you manage your finances, track your income and expenses, create invoices and reports, and more. In this article, we will review the features, benefits and drawbacks of Intuit QuickBooks Pro 2016 V1702 R3, and help you decide if it is the right choice for you.
Intuit QuickBooks Pro 2016 V1702 R3
What is Intuit QuickBooks Pro 2016 V1702 R3?
Intuit QuickBooks Pro 2016 V1702 R3 is a desktop accounting software that allows you to organize your business finances in one place. It is compatible with Windows 7, 8.1 and 10, and requires a minimum of 4 GB of RAM, 2.5 GB of disk space, and a 2.4 GHz processor. You can install it on up to three computers, and use it for up to three users with different access levels. You can also integrate it with other Intuit products and services, such as Payroll, Payments, Online Banking, and more.
What are the features of Intuit QuickBooks Pro 2016 V1702 R3?
Intuit QuickBooks Pro 2016 V1702 R3 has many features that can help you simplify and streamline your accounting tasks. Some of the main features are:
Home Page: This is where you can see an overview of your business performance, such as your income, expenses, profit and loss, balance sheet, cash flow, and more. You can also access the most common tasks from here, such as creating invoices, paying bills, recording deposits, reconciling accounts, and more.
Customer Center: This is where you can manage your customers and their transactions. You can create and send invoices, estimates, sales receipts, credit memos, statements, and more. You can also track payments, refunds, credits, and balances. You can also customize your invoices with your logo and colors.
Vendor Center: This is where you can manage your vendors and their transactions. You can enter and pay bills, record purchases, track inventory items, create purchase orders, print checks, and more. You can also track payments, discounts, credits, and balances.
Employee Center: This is where you can manage your employees and their payroll. You can enter and edit employee information, such as name, address, social security number, pay rate, deductions, benefits, and more. You can also run payroll checks or direct deposits, print pay stubs or W-2 forms, file payroll taxes online or electronically,
What are the benefits of Intuit QuickBooks Pro 2016 V1702 R3?
Intuit QuickBooks Pro 2016 V1702 R3 has many benefits that can help you save time and money, and improve your business efficiency and accuracy. Some of the main benefits are:
Easy to set up and use: You can install Intuit QuickBooks Pro 2016 V1702 R3 in minutes, and follow the step-by-step tutorials to get started. You can also import your data from Excel, Quicken, or other QuickBooks versions. You can use the simple and intuitive interface to navigate through the software, and access the help and support options whenever you need them.
Customizable and flexible: You can customize Intuit QuickBooks Pro 2016 V1702 R3 to suit your specific business needs and preferences. You can create and modify your own forms, reports, charts, graphs, and dashboards. You can also choose from over 100 pre-designed templates and reports, or create your own from scratch. You can also adjust the settings and preferences to match your industry, tax laws, currency, and more.
Secure and reliable: You can trust Intuit QuickBooks Pro 2016 V1702 R3 to keep your data safe and accurate. You can back up your data automatically or manually, and restore it in case of any loss or damage. You can also protect your data with passwords and encryption, and limit the access of different users. You can also rely on the built-in error detection and correction features, such as the Audit Trail, Reconcile Discrepancy Report, Client Data Review, and more.
What are the drawbacks of Intuit QuickBooks Pro 2016 V1702 R3?
Intuit QuickBooks Pro 2016 V1702 R3 is not a perfect software, and it has some drawbacks that you should be aware of before you buy it. Some of the main drawbacks are:
Expensive and limited: Intuit QuickBooks Pro 2016 V1702 R3 is not a cheap software, and it costs $299.95 for a single user license, or $499.95 for a three user license. You also have to pay extra for some add-on services and features, such as Payroll, Payments, Online Banking, Inventory Tracking, Multi-Currency Support, etc. Moreover, Intuit QuickBooks Pro 2016 V1702 R3 has a limited support life cycle of three years, which means that it will be discontinued in May 2019, and you will not be able to receive any updates or online services after that.
Complex and buggy: Intuit QuickBooks Pro 2016 V1702 R3 is not a simple software, and it has a steep learning curve for beginners. You may need to spend some time and effort to master its features and functions, and to troubleshoot any issues or errors that may arise. You may also encounter some bugs and glitches in the software, such as crashes, freezes, slow performance, data corruption, etc., which may affect your work quality and productivity.
Incompatible and outdated: Intuit QuickBooks Pro 2016 V1702 R3 is not a compatible software, and it may not work well with some other software or devices that you use for your business. For example, it may not integrate with some third-party applications or cloud services that you use for accounting, invoicing, CRM, etc. It may also not support some newer technologies or features that are available in other accounting software or platforms.
Conclusion
Intuit QuickBooks Pro 2016 V1702 R3 is a powerful and comprehensive accounting software that can help you manage your business finances in one place. It has many features and benefits that can help you simplify and streamline your accounting tasks, such as creating invoices, paying bills, tracking income and expenses, generating reports, etc. However, it also has some drawbacks that you should consider before you buy it, such as its high cost,
limited support life cycle,
complexity,
bugginess,
incompatibility,
and outdatedness.
Therefore,
you should weigh the pros
and cons
of Intuit QuickBooks Pro 2016 V1702 R3
carefully,
and compare it with other alternatives
that may suit your business needs
and budget better.
How to use Intuit QuickBooks Pro 2016 V1702 R3?
Using Intuit QuickBooks Pro 2016 V1702 R3 is a simple and intuitive process. You can follow these steps to use it:
Open the software: You can open Intuit QuickBooks Pro 2016 V1702 R3 by clicking on the icon on your desktop or in your start menu. You can also open it by double-clicking on the company file that you want to work on.
Choose your company: If you have more than one company file, you can choose the one that you want to work on from the No Company Open window. You can also create a new company file by clicking on the Create a new company button.
Navigate through the software: You can use the Home Page, the Customer Center, the Vendor Center, and the Employee Center to access the most common tasks and functions of the software. You can also use the menus, icons, and tabs to access other features and options of the software.
Enter and manage your data: You can enter and manage your data by using the forms, registers, lists, and reports that are available in the software. You can also import and export your data from other sources or formats, such as Excel, Quicken, or other QuickBooks versions.
Analyze and improve your business: You can analyze and improve your business by using the tools and insights that are available in the software. You can use the reports, charts, graphs, and dashboards to monitor your business performance, such as your income, expenses, profit and loss, balance sheet, cash flow, etc. You can also use the tools such as Budgets, Forecasts, PlanMaker, etc. to plan and optimize your business goals and strategies.
What are some alternatives to Intuit QuickBooks Pro 2016 V1702 R3?
If you are not satisfied with Intuit QuickBooks Pro 2016 V1702 R3, or if you are looking for other options that may suit your business needs better, you can consider some of these alternatives:
QuickBooks Online: This is a cloud-based accounting software that allows you to access your data from any device and location. It has similar features and benefits as Intuit QuickBooks Pro 2016 V1702 R3, but it also has some advantages such as automatic updates, unlimited support, multi-user access, mobile app, etc. However, it also has some disadvantages such as higher cost, lower security, limited customization, etc.
Xero: This is another cloud-based accounting software that allows you to manage your finances online. It has some features and benefits that are similar or better than Intuit QuickBooks Pro 2016 V1702 R3, such as unlimited users, unlimited transactions, bank feeds, inventory tracking, multi-currency support, etc. However, it also has some drawbacks such as higher cost,
limited support,
complex interface,
etc.
Wave: This is a free cloud-based accounting software that allows you to manage your finances online. It has some basic features and benefits that are similar or better than Intuit QuickBooks Pro 2016 V1702 R3,
such as invoicing,
receipt scanning,
bank connections,
etc.
However,
it also has some limitations
such as limited reports,
limited users,
limited integrations,
etc.
Final verdict
In conclusion,
Intuit QuickBooks Pro 2016 V1702 R3
is a powerful
and comprehensive
accounting software
that can help you manage
your business finances
in one place.
It has many features
and benefits
that can help you simplify
and streamline
your accounting tasks,
such as creating invoices,
paying bills,
tracking income
and expenses,
generating reports,
etc.
However,
it also has some drawbacks
that you should consider
before you buy it,
such as its high cost,
limited support life cycle,
complexity,
bugginess,
incompatibility,
and outdatedness.
Therefore,
you should weigh the pros
and cons
of Intuit QuickBooks Pro 2016 V1702 R3
carefully,
and compare it with other alternatives
that may suit your business needs
and budget better.
Final verdict
In conclusion,
Intuit QuickBooks Pro 2016 V1702 R3
is a powerful
and comprehensive
accounting software
that can help you manage
your business finances
in one place.
It has many features
and benefits
that can help you simplify
and streamline
your accounting tasks,
such as creating invoices,
paying bills,
tracking income
and expenses,
generating reports,
etc.
However,
it also has some drawbacks
that you should consider
before you buy it,
such as its high cost,
limited support life cycle,
complexity,
bugginess,
incompatibility,
and outdatedness.
Therefore,
you should weigh the pros
and cons
of Intuit QuickBooks Pro 2016 V1702 R3
carefully,
and compare it with other alternatives
that may suit your business needs
and budget better. 6c859133af