The study examined the challenges & benefits of utilizing QuickBooks Online (QBO) among Bachelor of Science in Entrepreneurship students at Laguna University. As businesses increasingly adopt cloud-based financial management solutions, it is crucial for future entrepreneurs to acquire skills in tools like QBO for efficient financial record-keeping, data analysis, and decision-making. This study identified the obstacles faced by students in mastering and applying QBO, such as technical difficulties, lack of training, and familiarity with traditional accounting methods. Conversely, it highlights the advantages of using QBO, including ease of access, automation of tasks, and improved accuracy in financial reporting. The study aimed to determine the extent of utilization of QuickBooks Online in recording financial transactions, data summarization, and preparation and interpretation of financial statement. It also intended to identify the perceived challenges & benefits associated with the use of QBO. In addition, a proposed action plan for its full utilization in the business plan implementation of the 4th year BS Entrepreneurship was crafted. Findings revealed that respondents fully utilized QBO in recording financial transactions (x̄ = 4.56), data summarization (x̄= 4.53), and in preparation and interpretation of financial statement (x̄ = 4.58). Moreover, respondents claimed that the perceived benefits in using QBO with regards to recording financial transactions (x̄ = 4.49), data summarization (x̄ = 4.48), and in preparation and interpretation of financial statements (x̄ = 4.46), are Extremely Beneficial. On the other hand, respondents disclosed that using QBO is only slightly challenging, which indicated that adopting new technology is not free from challenges, and that it required constant practice with patience and determination. Finally, a proposed action plan is deemed importance. Respondents suggested to conduct seminars and webinars with industry professionals as resource persons. Likewise, QBO Certification Training are also taken into considerations.

QuickBooks Online

Student Entrepreneurs

Accounting Software