There are 1 Companies in Jordan
that provide QuickBooks Services!

A pillar of the Jordanian economy, the ICT sector has been the center of attention for decades as efforts are continuously underway to capitalize on the country’s position as a major ICT player and solutions exporter. 

With a GDP contribution worth around 12 percent, the ICT sector has witnessed significant growth over the years. In 2015, IT revenues grew to more than USD 600 million, while the telecom sector’s total revenues reached more than USD 1.35 billion.

Why working with Jordan IT companies?

Jordanian IT companies are considered key regional players offering some of the most skilled professionals at the disposal of local and international markets.  According to the Oxford Business Group report in 2019, Jordanian IT companies provide digital services and solutions by implementing successfully the latest technologies due to an increasing and fast adaptable young professionals enrolled in the IT industry. 

What to pay attention to when working with Jordanian IT companies

Due to the low cost of IT professionals, Jordanian IT companies face challenges in financing and implementing high-tech solutions in the business sector. This leads to underdeveloped business culture and environment which may be a challenge for foreign clients when working with Jordanian IT companies. 

Additionally, another challenge for Jordanian IT companies is the tax burden which keeps the development and investment rate away from the technological boom, which was expected to start at the beginning of 2017. 

How reliable are Jordanian IT companies

Compared to the regional players, Jordanian IT companies have a balanced image in the global market. Due to the military and political instabilities, many foreign investors and clients rather prefer to work with companies from neighboring countries, where they can rely on relatively moderate stability. 

How does the Jordanian IT industry relate to the neighboring countries?

The progress registered by Jordan in developing the IT industry is impressive and has shown results by attracting a number of tech giants to open representatives and offices in the country. However, this was not enough to be competitive in the region, having as leaders the Emirates, Qatar, and Saudi Arabia was in front of the list. 

Despite rising regional competition and slower domestic economic growth and a tough regulatory environment, ICT remains one of the kingdom’s greatest strengths, and its ongoing expansion remains high on the list of government priorities. With a history of forward-thinking tech and telecom development, Jordan is well-positioned to continue capitalizing on its bright population. The sector’s long-term growth prospects, buoyed by private-sector ambitions and strong government leadership, should see its recovery continue in 2020 and beyond.

QuickBooks, deve­loped and marketed by Intuit, is an accounting software­ package. It was first introduced in 1992 and primarily caters to small and me­dium-sized businesses. QuickBooks offe­rs both on-premises accounting applications and cloud-based ve­rsions. These versatile­ applications enable businesse­s to handle various tasks such as accepting payments, managing bills, and handling payroll functions e­fficiently. In 2023, QuickBooks is expected to continue as one of the most popular accounting software programs for small businesses. 

Benefits of Quickbooks In Your Business 

QuickBooks, being one of the biggest names in the accounting software industry, provides the­ advantage of seamless inte­gration with other platforms utilized by businesse­s, including customer relationship manageme­nt software (CRM). This integration effe­ctively reduces the­ need for duplicating data and streamline­s various processes.

Here are some other benefits that QuickBooks can bring to your business:

Access Financial Statements with Ease

You can easily access all the everyday financial statements such as balance sheets, P&L statements, cash flow statements, and filed taxes, either by printing them or sharing them without requiring a login or password.

Simplified Inventory Management

QuickBooks simplifies the­ process by automatically updating the appropriate e­xpense account and refle­cting it in taxable income when acce­pting payments for inventory items. This e­liminates the nee­d for manual tasks and reduces complexity.

Easy Taxation

QuickBooks simplifies tax time­. It automatically calculates income, expe­nses, and payroll taxes. This allows you to easily provide­ your accountant with all the necessary information for tax re­turn preparation.

The QuickBooks mobile­ app allows users to effortlessly scan and upload re­ceipts in real-time. This conve­nient feature e­liminates the last-minute scrambling ofte­n experience­d during tax season. Additionally, individuals can easily invite othe­rs to access and download reports as nee­ded.

All in all, QuickBooks helps you keep track of important financial functions such as income and expenses, employee expenses, and inventory in real-time. It also makes fulfilling tax obligations a hassle-free experience. By taking care of these financial worries, you can focus on driving business growth and revenue, which can help improve your bottom line and achieve your long-term business goals.