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11 Ratings
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Score 8.7 out of 101
22 Ratings
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Score 8.2 out of 101

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Likelihood to Recommend

Acumatica 5.0

As I have only used it in one business I can't say too much how relevant it would be for other types of business, eg Retail or Manufacturing. It doesn't appear to be specifically set up for ecommerce.

We wholesale products and it works well for that kind of business model.
Justin Leflaive profile photo

QuickBooks Self-Employed

QuickBooks Self-Employed is a very detailed software to keep track of your finances and tax obligations. I'm reviewing the online version here and honestly, if you are into QuickBooks, it might be worth looking into the stand-alone software version. Ideally, if you work remotely, in various places and on more than one computer (desktop or laptop) then QuickBooks online is a good idea. But the slow interface is troubling to me and I spend a lot of time going through and correcting entries QuickBooks imports from my bank account. In fact, I've gone back to my stand-alone version of Quicken.
Tim Vahsholtz profile photo

Feature Rating Comparison

Customization

Acumatica 5.0
7.0
QuickBooks Self-Employed
10.0
API for custom integration
Acumatica 5.0
7.0
QuickBooks Self-Employed
10.0
Plug-ins
Acumatica 5.0
QuickBooks Self-Employed
10.0

Security

Acumatica 5.0
7.0
QuickBooks Self-Employed
10.0
Role-based user permissions
Acumatica 5.0
7.0
QuickBooks Self-Employed
10.0
Single sign-on capability
Acumatica 5.0
QuickBooks Self-Employed
9.9

Reporting & Analytics

Acumatica 5.0
6.7
QuickBooks Self-Employed
7.9
Dashboards
Acumatica 5.0
4.0
QuickBooks Self-Employed
8.0
Standard reports
Acumatica 5.0
7.0
QuickBooks Self-Employed
7.9
Custom reports
Acumatica 5.0
9.0
QuickBooks Self-Employed
7.7

General Ledger and Configurable Accounting

Acumatica 5.0
8.3
QuickBooks Self-Employed
9.0
Accounts payable
Acumatica 5.0
10.0
QuickBooks Self-Employed
9.8
Accounts receivable
Acumatica 5.0
8.0
QuickBooks Self-Employed
9.8
Global Financial Support
Acumatica 5.0
5.0
QuickBooks Self-Employed
10.0
Intercompany Accounting
Acumatica 5.0
9.0
QuickBooks Self-Employed
10.0
Journals and Reconciliations
Acumatica 5.0
10.0
QuickBooks Self-Employed
3.7
Standardized Processes
Acumatica 5.0
8.0
QuickBooks Self-Employed
5.1
Cash management
Acumatica 5.0
QuickBooks Self-Employed
7.9
Bank reconciliation
Acumatica 5.0
QuickBooks Self-Employed
9.4
Expense management
Acumatica 5.0
QuickBooks Self-Employed
8.3
Time tracking
Acumatica 5.0
QuickBooks Self-Employed
7.2
Fixed asset management
Acumatica 5.0
QuickBooks Self-Employed
10.0
Multi-currency support
Acumatica 5.0
QuickBooks Self-Employed
10.0
Multi-division support
Acumatica 5.0
QuickBooks Self-Employed
10.0
Regulations compliance
Acumatica 5.0
QuickBooks Self-Employed
10.0
Electronic tax filing
Acumatica 5.0
QuickBooks Self-Employed
7.7
Self-service portal
Acumatica 5.0
QuickBooks Self-Employed
9.6
Primary and Secondary Ledgers
Acumatica 5.0
QuickBooks Self-Employed
10.0
Localizations
Acumatica 5.0
QuickBooks Self-Employed
10.0
Enterprise Accounting
Acumatica 5.0
QuickBooks Self-Employed
10.0
Configurable Accounting
Acumatica 5.0
QuickBooks Self-Employed
10.0
Centralized Rules Framework
Acumatica 5.0
QuickBooks Self-Employed
10.0

Inventory Management

Acumatica 5.0
8.5
QuickBooks Self-Employed
10.0
Inventory tracking
Acumatica 5.0
9.0
QuickBooks Self-Employed
10.0
Location management
Acumatica 5.0
8.0
QuickBooks Self-Employed
10.0
Automatic reordering
Acumatica 5.0
QuickBooks Self-Employed
10.0
Manufacturing module
Acumatica 5.0
QuickBooks Self-Employed
10.0

Order Management

Acumatica 5.0
9.3
QuickBooks Self-Employed
10.0
Pricing
Acumatica 5.0
10.0
QuickBooks Self-Employed
10.0
Order entry
Acumatica 5.0
9.0
QuickBooks Self-Employed
10.0
Cost of goods sold
Acumatica 5.0
8.0
QuickBooks Self-Employed
10.0
End-to-end order visibility
Acumatica 5.0
10.0
QuickBooks Self-Employed
10.0
Credit card processing
Acumatica 5.0
QuickBooks Self-Employed
10.0
Order Orchestration
Acumatica 5.0
QuickBooks Self-Employed
10.0
Order exception Resolution
Acumatica 5.0
QuickBooks Self-Employed
10.0

Subledger and Financial Process

Acumatica 5.0
6.8
QuickBooks Self-Employed
Automated Invoice Processing
Acumatica 5.0
7.0
QuickBooks Self-Employed
Customer Collections
Acumatica 5.0
7.0
QuickBooks Self-Employed
Cash Management
Acumatica 5.0
7.0
QuickBooks Self-Employed
Period Close
Acumatica 5.0
6.0
QuickBooks Self-Employed

Payroll Management

Acumatica 5.0
QuickBooks Self-Employed
10.0
Pay calculation
Acumatica 5.0
QuickBooks Self-Employed
10.0
Benefit plan administration
Acumatica 5.0
QuickBooks Self-Employed
10.0
Direct deposit files
Acumatica 5.0
QuickBooks Self-Employed
10.0
Salary revision and increment management
Acumatica 5.0
QuickBooks Self-Employed
10.0
Reimbursement management
Acumatica 5.0
QuickBooks Self-Employed
10.0

Accounting Firm BPO Features

Acumatica 5.0
QuickBooks Self-Employed
10.0
Branded client dashboards
Acumatica 5.0
QuickBooks Self-Employed
10.0
Client data roll-up capabilities
Acumatica 5.0
QuickBooks Self-Employed
10.0
Client data consolidation for benchmarking
Acumatica 5.0
QuickBooks Self-Employed
10.0
Configurable alerts
Acumatica 5.0
QuickBooks Self-Employed
10.0
Billing bypass
Acumatica 5.0
QuickBooks Self-Employed
10.0
Client template cloning
Acumatica 5.0
QuickBooks Self-Employed
10.0
Single sign-on
Acumatica 5.0
QuickBooks Self-Employed
10.0
Configurable client onboarding questions
Acumatica 5.0
QuickBooks Self-Employed
10.0
Cross-client workflow management
Acumatica 5.0
QuickBooks Self-Employed
10.0
Industry-specific versioning
Acumatica 5.0
QuickBooks Self-Employed
10.0
Legacy system data migration
Acumatica 5.0
QuickBooks Self-Employed
10.0

Pros

  • Generic Inquiries are a very easy way to create custom reports.
  • The automation schedules are useful, we use these for confirming of shipments, creating invoices and emailing them. Reduces workload.
  • Open for integration with other software. We find the ease of connection to MS PowerBI very useful.
Justin Leflaive profile photo
  • Cross-platform compatibility (Browser, Android) makes it easy to see how my business is doing almost anywhere.
  • Smart enough to recognize and automatically categorize most of my transactions, so I don't have to fuss with spreadsheets at the end of the year.
  • Updates automatically and notifies me when it needs help, so I don't have to spend too much time babysitting it.
  • Integrated with TurboTax and automatically exports year-end tax info for easy filing.
Benjamin E. Jerew profile photo

Cons

  • The CRM module is very basic.
  • There is no supplier remittance function.
  • The API is basic, our ecommerce integration has had to be built nearly from scratch.
Justin Leflaive profile photo
  • Doesn't integrate with Mint, which I use for my home expenses. I think this would be a nice addition to the program, so I could keep track of my whole financial situation.
  • A Windows 10 app would be a nice addition to the program, so I could access it securely from my desktop.
Benjamin E. Jerew profile photo

Likelihood to Renew

Acumatica 5.09.0
Based on 1 answer
It is very customisable and good value for money. It is also scalable for the future. The CRM and ecommerce integtration are the main downsides.
Justin Leflaive profile photo
QuickBooks Self-Employed10.0
Based on 1 answer
No answer on this topic is available.

Alternatives Considered

NetSuite is much more expensive and is difficult to customise or integrate.
SAP is a more complex and powerful system, but several times more expensive to implement and run.
Justin Leflaive profile photo
Honestly, this was the only option for me when I launched my business. I didn't even look at different companies for account services, since QuickBooks Self-Employed had the features and benefits that I needed to run daily operations of my business. Eventually, I will need to upgrade to a higher-level of service, but I will stick with QuickBooks when the time comes to do that.
Aaron Metzger profile photo

Return on Investment

  • Time to match customer payments has decreased by approximately 30%.
  • Time to enter sales orders has decreased by approx 10%.
  • It has enabled up to easily access our system remotely, meaning we are able to be more flexible in our work.
Justin Leflaive profile photo
  • Overall, tagging expenses and mileage has saved me thousands in taxes, for a relatively low cost of around $8/mo.
  • QuickBooks allows me to get invoices to clients quickly and accept online payments, which helps with cashflow.
  • The app has stopped tracking mileage automatically on my device, so I worry that sometimes I am not tracking business miles effectively, which could end up costing me at the EOY.
Aaron Metzger profile photo

Pricing Details

Acumatica 5.0

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

QuickBooks Self-Employed

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details