Quickbooks Online Reviews

Pros

Quicksbooks is a great software for the small busineess. It allows for invoicing customers in an easy way. If you are out of the limit for the invoices, you can make a small purchase and make it online and can access it from anywhere and everywhere from the tablet, pc or phone. It is a real easy way for tracking the invoices and marking them paid with accounts receivable. It also allows for digital time card where you can record the employees time of in and out. Great software and easy to learn.

Cons

The things you want to consider improving the software is it should give easy ways for tracking the accounts paid and invoices paid by the customer. Everything else looks pretty decent.

Alternatives Considered

OnlineInvoices

Reasons for Switching to Quickbooks Online

Quickbooks is easy to use than any other software. As it can be use with or without internet. For invoices online you need internet to access your files and folders. With quickbooks you can backup your data and use it anywhere from any device like phone, tablet and pc.

Pros

Some of the pros of using QuickBooks software include:Time-saving: QuickBooks software automates various accounting tasks, such as creating invoices, tracking expenses, and reconciling bank accounts. This saves businesses a significant amount of time that can be used for other important tasks.User-friendly: QuickBooks software is designed to be easy to use, even for people with little or no accounting experience. The user interface is intuitive and user-friendly, making it easy for business owners and their staff to navigate the software and complete tasks efficiently.Cost-effective: QuickBooks software is affordable and offers a range of pricing plans that can fit the budget of small and medium-sized businesses. Additionally, the software can help businesses save money by automating tasks and reducing the need for manual labor.Accurate financial reporting: QuickBooks software is known for its ability to perform accurate calculations and generate reliable financial reports. The software updates financial information in real-time, minimizing the risk of errors.Scalable: QuickBooks software is scalable, meaning it can grow with a business. As a business expands, QuickBooks can accommodate additional users, features, and functionality to meet the evolving needs of the business.Integrations: QuickBooks software can integrate with a range of other software and applications, including payment processors, point-of-sale systems, and e-commerce platforms. This integration

Cons

While QuickBooks is a popular accounting software with many advantages, there are also some potential drawbacks to consider:Steep learning curve: While QuickBooks is designed to be user-friendly, some users may find it difficult to learn and navigate the software. The software has many features and customization options, which can be overwhelming for new users.Limited customization: While QuickBooks offers many customization options, some businesses may find that the software's limitations prevent them from fully customizing the software to their unique needs.

Pros

It's what my CPA knows, and it's what seems to be the most universal. It has robust reporting options, all the standard bookkeeping tools, and though it's not easy to use, it IS learnable.

Cons

There are weird, unclear pricing structures for certain features. Certain syncing features don't always work well (like needing to "receive" payments for things that could just be auto-synced from your bank.)

Pros

The interface is user friendly, web based can be accessed from anywhere , there are few apps can be integrated (it has its own pros and cons however it was time saving invoicing part but if you make some changes it would not communicate properly

Cons

Multicurrency options while receiving payment it is very difficult if base currency of client is different from the currency payment has been received it would not accept it we have to use Journal entry and control Account to record the receipt after recording this the currency rates is being taken from invoice and not from receipt.

Alternatives Considered

Zoho CRM

Reasons for Choosing Quickbooks Online

Tally is not user firendly only accounting background users are able to handle things in it, it is not web based, users has to connect to company server can not be worked other places as convenient.

Switched From

TallyPrime

Reasons for Switching to Quickbooks Online

There were more number of people in my organisation who had already used quickbooks

Pros

Our accounting team uses QBO to manage the client accounts, cash reconciliation, and produce a GL. We use that as an input for other systems. Upgrading from QB made it much easier to pull down client bank statements, and streamlined our ability to issue checks on their behalf.

Cons

Lacks some of the more advanced fund accounting tools of Investran, we've had to build these inhouse.

Pros

The automatic mileage tracker - when it worked. Which was not often

Cons

It is full of flaws and issues with double counting and duplications. Undoing any mistakes was pointless and the bank feed stopped working for a number of banks - making it longer to reconcile payments and invoices.

Alternatives Considered

Zoho Books and Xero

Reasons for Switching to Quickbooks Online

Because I was told it was a good product, but the person did not actually have any experience with the tool.

Pros

QuickBooks is an easy-to-use accounting software that offers a wide range of intuitive tools for maintaining accurate personal and business accounting. Additionally, this tool has the advantage of providing a variety of functions including accounting, invoicing, expense and payment tracking. QuickBooks is easily integrated with some applications, making it possible to better meet the needs of its clients.

Cons

The only drawback is that sometimes the cost can be a barrier for some users who do not have the financial capabilities to afford a monthly subscription.

Pros

Previously the company used QB desktop and their CPA had to wait until the end of the year to make any adjustments or corrections. Now, they can see in real time all of our accounts.

Cons

Invoicing didn't work for our company type.

Pros

Quickbooks does a good job of getting you to link your accounts, track your expenses, and calculate taxes. Having the ability to add an accountant is helpful, since it allows you to easily bring them in once your operations require a more specialized approach.

Cons

Quickbooks can be pretty complex. While I'm familiar with general accounting concepts, there are some parts of quickbooks that are difficult to navigate or set up. Sometimes I need my accountant to explain items to me, or fix items for me, that I inadvertently caused.

Pros

I like the online functionality so I can do it from anywhere...home, office or remote work. Invoicing is easy and the dashboard is critical to see how well we are doing month to month.

Cons

For someone like me with no accounting training it does take getting used to, having an accountant who is connected and can do bookkeeping I find it important.

Pros

I like that Quickbooks has an expense tracker that is easy to use and has the categories cleanly divided up based on tax filing needs. The app component of this is my favorite as I can photo a receipt and input it on the go (although I mostly do stuff online). The ability to track service based sales is also pretty straightforward and easy to use. Those are the main features I bought this for and they do the job.

Cons

Quickbooks online (I have the Simple Start version) is crazy expensive for someone running a sole proprietor part time business. And it just went up in cost recently. The expense is because it has to be paid for monthly (or a small discount if paying yearly all at once). I really dislike the fact that most software programs have gone this route. I am not a large or even full time business that can hack all these monthly software expenses we have. But I want the ability to use it where-ever and not be tied to one device so I have to pay monthly. The other thing I really dislike again probably comes back to price. I want the ability to have it autopopulate expenses each month so I am not constantly having to enter them. But I can only do that if I pay MORE for a package at a higher price point. Given the average user will have monthly expenses, this should be part of every plan. Lastly, there needs to be a way to make this software HIPAA compliant so those of us in healthcare using it can use it for things like invoicing and taking payments.

Alternatives Considered

Wave Accounting

Reasons for Switching to Quickbooks Online

Because feedback from people who had tried both indicated that Quickbooks was the way to go.

Pros

I like being able to use the online service where I can log in anywhere I have internet access. This gives me the option to work remotely.

Cons

The banking function is good, but it takes several days to sync up to my online banking balance (doesn't show charges until they are posting, and doesnt download pending ones)

Alternatives Considered

Gusto

Reasons for Choosing Quickbooks Online

My accountant suggested I use Quickbooks because they have capability to file state and federal forms.

Switched From

Xero

Reasons for Switching to Quickbooks Online

It was a great all in one product at a price that fit my budget

Pros

The interface of Quickbooks Online couldn't be better. It easily links to your bank accounts and starts to understand your accounting categories right away. It's super customizable and the features are in depth and thorough. I love how intuitive (no pun intended) the software is overall. It's also great that it's online so you can login from anywhere, including on an app, to track everything.

Cons

The only real limitation I can think of with the software, is sometimes weird errors can happen with your balance sheet / income statements. Everything really needs to be exactly dialed in , otherwise errors can happen and throw things off. While this is probably due to human error, for someone like me who is not an accounting expert, this can be frustrating to figure out where things went wrong...

Alternatives Considered

Quicken, QuickBooks Desktop Pro and ZipBooks

Reasons for Choosing Quickbooks Online

Needed something more in depth!

Switched From

ZipBooks

Reasons for Switching to Quickbooks Online

Was the best bang for it's buck and is the gold standard for a reason.

Pros

Initially, I really loved the fact that you could receive very in-depth free training from home and in a classroom environment. Also, the fact that Accountants receive a licence for free for their own practice. I like the entire 'look' of the software, it doesn't feel overly complicated and is very user friendly. The help files and online helpdesk are extremely useful. I like that I can restrict the permissions that my clients have in order to avoid any unwanted mistakes being made but do feel that the permissions need to be more tailorable. I really like having the ability to set up recurring invoices which minimises the amount of time I have to spend on monthly repeating invoices.

Cons

I feel the permissions that you can set for individual clients is not restrictive enough - I would like to be able to enable clients to create their own sales invoices and purchase invoices but maybe restrict them from being able to delete them as this has caused many issues with some of my clients. Also, the system can be a bit 'glitchy' on occasion and the figures it sometimes produces on the trial balance report is not always accurate - usually the Sales figure is inaccurate for previous financial years which can be most frustrating. I also don't like that fact that, as a Quickbooks ProAdvisor, you cannot purchase any discounted bundles of licences. I also don't like the way you have to allocate a purchase credit note to the original purchase order - it is far too confusing and causes many errors by my clients.

Alternatives Considered

Xero

Reasons for Choosing Quickbooks Online

In preparation for Making Tax Digital and in order to be able to offer future clients a better service.

Reasons for Switching to Quickbooks Online

Better functionality, cost and the free training that was available.

Pros

Love quickbooks online well because it is online which means I can do my business from anywhere and anytime.

Relatively easy to set up and has video tutorials. Love that you can set up lots of subcategories which makes comparing information from different categories easy and more meaningful.

Love the new tags feature!!! I wholesale so I can see which wholesale reps are performing the best.

Makes bookkeeping and tax paying easy if everything is setup correctly and accounts are reconciled correctly.

Love the various reports you can pull from it. Profit and loss monthly, quarterly, annually.

Love how easy it is to create invoices and the option to get paid within quickbooks!! No more sending an invoice and then asking for a separate PayPal or square payment.

Cons

Categorizing some income & expenses can be tricky at times which can mess the books up and make you want to tear your hair out.

May Need a quickbooks bookkeeper to keep your books clean or will most likely mess it up.

Alternatives Considered

FreshBooks and Wave Accounting

Reasons for Switching to Quickbooks Online

Wa e was too basic and fresh books was limited in its functions.

Pros

Biggest Pro: This is built for robust accounting. The older version of Quickbooks online for Mac included an app. That app was key because the browser version often took a long time to load. I could get in, out , and be done in minutes. There was even a time tracking technology that was integrated at the time that was included in the package for free. It was great... and then it all changed.

Cons

I don't love the new browser only experience. It wasn't as seamless as the app. The time tracking is now $$$.

Pros

I love the fact that I don't have to do manual backups! I love that it is accessible from any computer. It is a huge help that I am able to scan and attach invoices, comes in very handy when I need to double check payments made.

Cons

From an accounting standpoint the fact that the program doesn't recognize if an invoice was previously entered by the invoice number is something I really miss from the old desktop form of the software. On this software you could enter the same invoice number in 10 times and it would never "see" that the invoice was previously entered. This causes a lot of back and forth between the vendor account and bills window which takes extra time. The only other comment I have is concerning the reports section. I am not a trained accountant and on the old desktop version it was far easier to generate reports.

Pros

This app is great for those who own a business or is self-employed and likes having one app to store all the data on costs. I love being able to choose whether the cost is business-related or personal. The bank accounts are all linked to this one app and I can keep a record of what goes in my account and what is spent. I keep a track of every cent I use and spend. My favorite is seeing how much I earn and how much my business profits within a year.

Cons

Sometimes, the bank accounts get disconnected due to internet issue last and it can take a while to link the accounts again. The accounts get disconnected for unknown reasons even if I don’t change my account information on the bank account site. It can take a few hours to a few days to reconnect and retrieve the costs.

Pros

I like to be able to do bank feeds, putting my transactions directly into my accounting software. I also like the graphs that are available to the user.

Cons

We are a small company and I do much of our accounting input myself. I tried to purchase the on line Quick Books on two separate occasions. I was told it would be easier for me to get assistance if the books were on line. The first time they couldn't convert my file from my Desk Top version but continued to charge me for 18 months, even after I had cancelled it. That should have been my lessons to stay away from the addition of"on line" to my existing account. However, 3 years later, I was again prompted by my accountant on how it would simplify the business accounting; I tried again. AGAIN they couldn't merge my older version of Quick Books to the on line version without first updating and charging me even more money. I immediately cancelled the on line version and went with a desk top version. I got the Quick Books support employees name and a phone number and his assurance that the account was cancelled. When a question arose on my desk top version I found that the ON LINE version was not cancelled after all. I once again had TWO accounts and they would be charging me. My frustration was extremely evident and I was told to take it down a notch or they would "disconnect" me. I use quick books because I feel like getting another software would be difficult to transfer everything that I have in my files for the past 10 years. I am never satisfied with their customer service and the software is difficult to keep up with changes from year to year.

Pros

Quickbooks serves its purpose for me very well as banking software. It keeps track of the checkbook and prints professional-looking checks. I also use it for bookkeeping purposes come tax season by printing out expense reports to see all of my potential tax deductions. It is also pretty good with searching for specific transactions. I do make sure my client name is in the memo field, otherwise I have had trouble searching with other fields (probably "user-error"). It is great for keeping track of client funds, which is essential as an attorney who collects retainers from clients. Reports are also required for client funds/retainers, and they are easy to prepare and print with Quickbooks. Reports are a little complicated because there are so many to choose from, but once you know which ones are actually useful, they are great.

Cons

Intuit has been very clear that they will no longer support my version of Quickbooks. I had no need to update otherwise, so I am working with a version that I can no longer get any assistance with if anything goes wrong. Also, the back-up data files do not sync with my cloud software for some reason, so there is always an error message in that regard on my cloud software (which I cannot get any help with because I have an outdated version). The search engine is workable, but I have learned to put the client's name in the memo field for every transaction so I know how to get an accurate list of transactions for a client.

Pros

QuickBooks is one of the most famous private venture bookkeeping professional arrangements on the lookout available in the market. It’s Extraordinary for independent and small scale business ventures, QuickBooks furnishes an early on bookkeeping arrangement with specific bundles and needs offering essential stock administration devices. Be that as it may, likewise with any framework/options available in the markets, there are some upsides and downsides to picking QuickBooks over other early on arrangements or more powerful ERP programming.•Simple to utilize and learn•Incorporates well with different frameworks and adaptable with outsider applications•Gives great bookkeeping reports•Reasonable cost•Simple to access from any gadget - telephone, tablet and PC (contingent upon the adaptation)•Simple to find and fix blunders/botches•Simple to look-into client data

Cons

•Easy to use and learn•Integrates well with other systems and flexible with Third party applications•Provides good accounting and financial reports•Affordable and reasonable pricing•Easy to access from any device – phone, tablet and computer (depending on the version)•Easy to find and fix errors/mistakes•Easy to look-up customer information

Pros

I appreciate the easy connectivity with apps so I can connect my e-commerce shop. The layout makes the difficult task of financial management not seem so overwhelming. Reconciling with my banks is convenient and matches my transactions well. I also depended on it to aid me in tracking sales tax.

Cons

The software's selection of options with each plan is ridiculous. I started with the Plus version to keep track of a small amount of inventory, although most of the products I sell are POD. I also appreciated the budgeting aspect. They started adding extras such as mile-tracking, and now they sync with Mailchimp, but I already have a cheaper mile-tracking app for my business and sync with Mailchimp through my website. During the pandemic, they increased their prices (horrible timing for small businesses) and forced me to scale down to the Simple Start version. This version doesn't have the inventory function or budgeting (something that should be standard across the board).

To make matters worse, for the six years that I have been using the program, they have yet to fix an issue with the sales tax part, specifically modifying the start of a sales tax calendar. This issue has caused headaches for me every year, and no one will address it when I, and many others, bring it up.

Alternatives Considered

Zoho Books, FreshBooks and Xero

Pros

did I get a surprise? I was a little hesitant at first because accounting can be very intimidating. However, QuickBooks Online surprised me by making the experience delightful and even fun!The ease of use of QuickBooks Online was one of its best features for me. I was pleasantly surprised by the cute little animations and how simple it was to use the interface. The software seemed to be saying, "Hey, we know that accounting can be boring, but let's make it fun together!"The fact that everything was in one location was another thing I liked. I didn't have to use multiple logins or platforms to access various financial tools. From payroll to invoicing, QuickBooks Online had everything I needed in one place. It was like having access to a personal accountant.Overall, QuickBooks Online was a great experience for me! It made accounting less intimidating and even fun.

Cons

It was similar to riding a roller coaster. I enjoyed a few things, but there were also a few that made me wonder, "Wait, what?!!"Pricing was one thing I didn't like about QuickBooks Online. Even though the software had a lot of great features, some of the plans seemed like they were made to make you feel like you were having a mini-heart attack when you saw how much they cost. It appeared as though the software was telling the user, "Hey, we'll help you manage your finances, but only if you're willing to pay an arm and a leg for it!"The occasional glitches were another thing that irritated me. True, QuickBooks Online was generally dependable and efficient most of the time. However, there were a few instances in which the software malfunctioned or failed to correctly register a transaction, which made me want to yank my hair out. It appeared as though the software was communicating with the user, "Hey, I know I'm supposed to make your life easier, but let me throw in a surprise glitch just to keep you on your toes!"My overall experience with QuickBooks Online was mixed. I didn't like everything about the software, but it was still a great way to manage our finances.

Pros

Before I began using QuickBooks, my biggest fear was that we were going to entrust a cloud with our money.

Personally, I was hesitant for a long time and so was my company. But after that, we decided to take a leap of faith and use QuickBooks. We’ve been happily married to this software ever after.

So here is why I like QuickBooks

It’s invoicing feature is amazing. The feature automatically invoices our customers and brilliantly matches the invoices to the customers.

Quickbooks takes payments, bills and compiles reports for everything

And while Quickbooks is doing this, everyone on the accounting team accesses it with ease.

Cons

Quickbooks crashes a lot and limits access to a few number of people. That's why I don't recommend it to big firms.

Pros

QBO allows users to easily enter their financial transactions. It even has the capability to enter most transactions for the user from the bank feed. You can let QBO import your bank activity and use rules that you set up to code the transactions appropriately. It makes reconciling your bank statement a complete breeze!

Cons

There are some issues with payroll that can only be corrected by calling in to Customer Support. I find this annoying when I personally know and understand how the correction needs to be made. I do, however, understand that not everyone understands the ramifications of making corrections.