Not quite. QuickBooks stores and analyzes data for you, but you still need a human accountant to give you sound financial advice and to keep up with the latest changes in tax legislation.

Do I need a bookkeeper if I use QuickBooks?

You need an accountant to confirm your records

It automatically books the double-entry, meaning debit and credit. For example, when you write a check to pay the utility bill and enter utilities expense, QuickBooks makes the entry hitting both the checking account and the utility expense account.

Should I hire an accountant or use QuickBooks?

Accountants manage QuickBooks so that you don't have to. But the books provide only the basic information that accountants need to help you run your business. Your accountant should provide strategic advice and support that enables you to run your business.