AccountsIQ-Cloud Accounting Software vs. QuickBooks Online

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AccountsIQ
Score 7.1 out of 10
Mid-Size Companies (51-1,000 employees)
AccountsIQ provides a cloud-based accounting solution that is designed to provide users with access to the applications from anywhere in the world.  The solution can be used on any internet connected device (with appropriate security and permissions).  With this solution, users can facilitate simultaneous collaboration with multiple users within their organization through this centralized online service. The vendor says this feature makes it a particularly attractive solution for…
$100
per installation
QuickBooks Online
Score 8.1 out of 10
N/A
QuickBooks Online is a SaaS version of the QuickBooks product. It contains all of the features found in the local version. Higher-priced plans include greater automation, payment management, inventory and time tracking, and analytics features.
$38
per month
Pricing
AccountsIQ-Cloud Accounting SoftwareQuickBooks Online
Editions & Modules
BookkeeperIQ
$100
per installation
ControllerIQ
$250
per installation
EnterpriseIQ
$400
per installation
EnterpriseIQ with Consolidation
$500
per installation
Simple Start
$38
per month
Essentials
$75
per month
Plus
$115
per month
Advanced
$275
per month
Offerings
Pricing Offerings
AccountsIQQuickBooks Online
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup Fee$5,000 per installationNo setup fee
Additional DetailsThe product is modular and therefore you can select the functionality you require and only pay for this functionality included. In addition, as the product is scalable, you will need to consider the number of entities a company has on the system.
More Pricing Information
Community Pulse
AccountsIQ-Cloud Accounting SoftwareQuickBooks Online
Features
AccountsIQ-Cloud Accounting SoftwareQuickBooks Online
Payroll Management
Comparison of Payroll Management features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
QuickBooks Online
8.0
110 Ratings
5% above category average
Pay calculation00 Ratings8.4100 Ratings
Benefit plan administration00 Ratings7.452 Ratings
Direct deposit files00 Ratings8.592 Ratings
Salary revision and increment management00 Ratings8.165 Ratings
Reimbursement management00 Ratings7.871 Ratings
Customization
Comparison of Customization features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
QuickBooks Online
6.9
100 Ratings
11% below category average
API for custom integration00 Ratings6.882 Ratings
Plug-ins00 Ratings6.982 Ratings
Security
Comparison of Security features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
QuickBooks Online
8.4
171 Ratings
2% above category average
Single sign-on capability00 Ratings8.6136 Ratings
Role-based user permissions00 Ratings8.3161 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
QuickBooks Online
8.3
197 Ratings
6% above category average
Dashboards00 Ratings8.4184 Ratings
Standard reports00 Ratings8.6192 Ratings
Custom reports00 Ratings8.0175 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
QuickBooks Online
7.9
214 Ratings
4% above category average
Accounts payable00 Ratings8.9180 Ratings
Accounts receivable00 Ratings8.9197 Ratings
Cash management00 Ratings8.2180 Ratings
Bank reconciliation00 Ratings9.0203 Ratings
Expense management00 Ratings8.5187 Ratings
Time tracking00 Ratings7.083 Ratings
Fixed asset management00 Ratings7.983 Ratings
Multi-currency support00 Ratings7.037 Ratings
Multi-division support00 Ratings7.565 Ratings
Regulations compliance00 Ratings7.866 Ratings
Electronic tax filing00 Ratings8.3101 Ratings
Self-service portal00 Ratings7.5111 Ratings
Global Financial Support00 Ratings6.729 Ratings
Primary and Secondary Ledgers00 Ratings8.058 Ratings
Intercompany Accounting00 Ratings8.158 Ratings
Localizations00 Ratings7.743 Ratings
Journals and Reconciliations00 Ratings8.4127 Ratings
Enterprise Accounting00 Ratings6.948 Ratings
Configurable Accounting00 Ratings7.872 Ratings
Centralized Rules Framework00 Ratings7.647 Ratings
Standardized Processes00 Ratings8.791 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
QuickBooks Online
6.9
76 Ratings
9% below category average
Inventory tracking00 Ratings6.571 Ratings
Automatic reordering00 Ratings7.238 Ratings
Location management00 Ratings7.242 Ratings
Manufacturing module00 Ratings6.528 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
QuickBooks Online
7.7
129 Ratings
1% above category average
Pricing00 Ratings7.979 Ratings
Order entry00 Ratings7.775 Ratings
Credit card processing00 Ratings8.297 Ratings
Cost of goods sold00 Ratings8.497 Ratings
Order Orchestration00 Ratings6.937 Ratings
End-to-end order visibility00 Ratings7.840 Ratings
Order exception Resolution00 Ratings7.033 Ratings
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Score 7.2 out of 10
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User Ratings
AccountsIQ-Cloud Accounting SoftwareQuickBooks Online
Likelihood to Recommend
-
(0 ratings)
8.3
(231 ratings)
Likelihood to Renew
-
(0 ratings)
9.2
(27 ratings)
Usability
-
(0 ratings)
8.4
(146 ratings)
Availability
-
(0 ratings)
8.8
(6 ratings)
Performance
-
(0 ratings)
1.0
(5 ratings)
Support Rating
-
(0 ratings)
9.4
(70 ratings)
Implementation Rating
-
(0 ratings)
9.6
(7 ratings)
Configurability
-
(0 ratings)
1.0
(2 ratings)
Contract Terms and Pricing Model
-
(0 ratings)
5.0
(1 ratings)
Ease of integration
-
(0 ratings)
1.3
(2 ratings)
Product Scalability
-
(0 ratings)
2.0
(3 ratings)
Professional Services
-
(0 ratings)
5.0
(1 ratings)
Vendor post-sale
-
(0 ratings)
4.9
(3 ratings)
Vendor pre-sale
-
(0 ratings)
4.9
(3 ratings)
User Testimonials
AccountsIQ-Cloud Accounting SoftwareQuickBooks Online
Likelihood to Recommend
accountsIQ
No answers on this topic
Intuit
I appreciate the ability to auto-generate invoices for recurring transactions, which saves time, as well as the option to set up auto-generated transactions. The report option is super helpful when reviewing information, as you can click to view the details in the report without having to go back and forth.
Read full review
Pros
accountsIQ
No answers on this topic
Intuit
  • Workflows for accounts payable invoice review are terrific.
  • Bill payment allows you to pay vendors online via ACH or check without having to write a physical check, which reduces admin time.
  • The cloud based login lends well to a remote or hybrid work environment for staff.
  • QuickBooks Online allows you to pre-configure vendors' general ledger expense accounts. This helps with general ledger coding accuracy and consistency.
  • QuickBooks Online integrates with Rippling HRIS, Coast, Capital One, JPMorgan Chase, etc., which lends well to an efficient month-end closing and reduced administrative time.
Read full review
Cons
accountsIQ
No answers on this topic
Intuit
  • The upsells have gotten worse over time and are on every screen in the most awkward positions. I don't need a constant reminder to upgrade, especially on a very old account that's paid thousands over the years.
  • The interface has never been especially intuitive, but I was an old Quicken user and it was somewhat familiar. Over time, it's gotten worse, and in the last 2 years, the program seems to move things more often than I would expect.
  • The software constantly adds features that I don't want and want to turn off, but the interface is so difficult to use that I find myself skipping it. Imagine seeing a message that the system recognized invoices that hadn't been paid so it prepared reminder notices for you that can be sent at the click of a button. Who thinks using canned reminders that you've never seen is a good thing?
  • A lot of functionality seems to derive from connecting your bank accounts to QBO. I don't want Intuit to have an always-on connection to any bank accounts, even checking.
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Likelihood to Renew
accountsIQ
No answers on this topic
Intuit
It like the product 'right out of the box' and I trust Intuit will continually improve it over the years based on my experience with their desktop products. The large providers of Apps makes customizing the entire package relatively easy and seamless for a wide variety of business types.
Read full review
Usability
accountsIQ
No answers on this topic
Intuit
I had very little trouble setting up the program and migrating from our old accounting system. The daily usage is also very intuitive and easy. Anytime we run into minor trouble with the program, there are always tons of help available on YouTube, so we don't even look up the online manual anymore.
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Reliability and Availability
accountsIQ
No answers on this topic
Intuit
We have rarely had outages in the last 10 years. I can only recall 2 times in the last 10 years where we were not able to access our client files.
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Performance
accountsIQ
No answers on this topic
Intuit
Everything process has its bugs lately with the new interface. Nothing has worked smoothly since this all began last month.
Read full review
Support Rating
accountsIQ
No answers on this topic
Intuit
In my experience, most representatives keep me on the phone for hours, literally, for a single issue and then usually cannot resolve it satisfactorily. I have 10 open cases that need resolution and, in my experience, there has been NO follow-up communication on any of them.
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Implementation Rating
accountsIQ
No answers on this topic
Intuit
The person in charge of QB needs to be very accurate with record keeping and is recommended to stay on top of tasks. The biggest issue we have is reconciliation, and those issues occur only when too much time has occurred between reconciliations
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Alternatives Considered
accountsIQ
No answers on this topic
Intuit
As a freelance bookkeeper, the Desktop version of QuickBooks Online doesn't allow for ease of access from any device. Having to be on a computer with the software downloaded creates additional work to gain access to all required filings etc. Also, I personally find the linking functionality on the Online version to be much more streamlined and user friendly.
Read full review
Scalability
accountsIQ
No answers on this topic
Intuit
As we have grown along our professional path, we have also expanded our use of QB. The scalability is easy and features seem to be waiting for you until you need them. We have increased profits by over 10x from our first year in business to the current and have yet to find a reason to look elsewhere
Read full review
Return on Investment
accountsIQ
No answers on this topic
Intuit
  • QuickBooks has given us a useful portal by which to get an overview of our financials.
  • QuickBooks has given us a relatively easy way to send out invoices quickly and efficiently.
  • Due to the customization limitations on QuickBooks, we've had to get creative in third-party implementations to better represent our brand and to track financials.
Read full review
ScreenShots

AccountsIQ Screenshots

Screenshot of This is the Administration Layer where you manage all the companies/entities under your administration.Screenshot of Manage User Profiles by switching on or off every single function, report or dashboard for each user profile.Screenshot of Easily manage customers and suppliers in a list that can be customised to every single user helping to easily create workflow management.Screenshot of Consolidate accounts of multiple entities, with partial ownership structures. Consolidate the GL, Sales and Purchase Data, Business Analytics or centrally manage exchange rates from the parent company.Screenshot of Have personalised and customised dashboards to easily report the activities of your business.Screenshot of Easily review your GL accounts by P&L, Balance Sheet or Trial Balance with a capability to drilldown to transaction level.

QuickBooks Online Screenshots

Screenshot of the accounting and bank transactions interfaceScreenshot of an overview of the accounting inventoryScreenshot of book marksScreenshot of the business tax overviewScreenshot of the customer hubScreenshot of the dashboard