ApprovalMax vs. QuickBooks Online Advanced

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
ApprovalMax
Score 8.2 out of 10
N/A
ApprovalMax provides approval workflow automation for cloud accounting platforms such as Xero and QuickBooks Online. It replaces paper- and email-based approval processes with multi-step and multi-role automated approval workflows that enable automated notifications to approvers, automated audit trails, and mobile approvals. Approval workflows include: Invoice approvals / bill review and bill approval Purchase order approval, including the functionality to create…
$54
per month
QuickBooks Online Advanced
Score 8.4 out of 10
N/A
QuickBooks Online Advanced is a SaaS-based accounting software designed to scale with growing businesses. It includes the functionalities of QuickBooks Online, as well as more robust business analytics, customization, and resource management.N/A
Pricing
ApprovalMaxQuickBooks Online Advanced
Editions & Modules
ApprovalMax Standard
$54
per month per organization
ApprovalMax Advanced
$83
per month per organization
ApprovalMax Premium
$121
per month per organization
No answers on this topic
Offerings
Pricing Offerings
ApprovalMaxQuickBooks Online Advanced
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeOptionalNo setup fee
Additional DetailsDiscount available for annual pricing and for management of multiple organizations.
More Pricing Information
Community Pulse
ApprovalMaxQuickBooks Online Advanced
Features
ApprovalMaxQuickBooks Online Advanced
Payment Management
Comparison of Payment Management features of Product A and Product B
ApprovalMax
8.0
1 Ratings
7% above category average
QuickBooks Online Advanced
-
Ratings
Customizable Approval Policies9.01 Ratings00 Ratings
Financial Document Management9.01 Ratings00 Ratings
Payment Status Tracking9.01 Ratings00 Ratings
Payment Audit Trail9.01 Ratings00 Ratings
Duplicate Bill Detection4.01 Ratings00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
ApprovalMax
8.5
1 Ratings
21% above category average
QuickBooks Online Advanced
-
Ratings
Automated Accounts Payable Processes9.01 Ratings00 Ratings
Vendor Management8.01 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
ApprovalMax
-
Ratings
QuickBooks Online Advanced
8.0
96 Ratings
5% above category average
API for custom integration00 Ratings7.679 Ratings
Plug-ins00 Ratings8.384 Ratings
Security
Comparison of Security features of Product A and Product B
ApprovalMax
-
Ratings
QuickBooks Online Advanced
8.0
170 Ratings
2% below category average
Single sign-on capability00 Ratings8.1149 Ratings
Role-based user permissions00 Ratings8.0166 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
ApprovalMax
-
Ratings
QuickBooks Online Advanced
8.0
183 Ratings
3% above category average
Dashboards00 Ratings8.6172 Ratings
Standard reports00 Ratings8.3182 Ratings
Custom reports00 Ratings7.2174 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
ApprovalMax
-
Ratings
QuickBooks Online Advanced
8.2
187 Ratings
8% above category average
Accounts payable00 Ratings8.3181 Ratings
Accounts receivable00 Ratings8.4176 Ratings
Cash management00 Ratings8.2157 Ratings
Bank reconciliation00 Ratings8.7179 Ratings
Expense management00 Ratings8.1166 Ratings
Time tracking00 Ratings7.292 Ratings
Multi-currency support00 Ratings8.346 Ratings
Multi-division support00 Ratings7.681 Ratings
Regulations compliance00 Ratings8.185 Ratings
Electronic tax filing00 Ratings9.3103 Ratings
Self-service portal00 Ratings7.8101 Ratings
Primary and Secondary Ledgers00 Ratings8.878 Ratings
Intercompany Accounting00 Ratings8.178 Ratings
Journals and Reconciliations00 Ratings7.9162 Ratings
Enterprise Accounting00 Ratings7.969 Ratings
Configurable Accounting00 Ratings8.489 Ratings
Centralized Rules Framework00 Ratings8.667 Ratings
Standardized Processes00 Ratings8.1125 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
ApprovalMax
-
Ratings
QuickBooks Online Advanced
7.8
74 Ratings
6% above category average
Inventory tracking00 Ratings7.874 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
ApprovalMax
-
Ratings
QuickBooks Online Advanced
7.5
126 Ratings
0% above category average
Pricing00 Ratings7.591 Ratings
Order entry00 Ratings6.885 Ratings
Credit card processing00 Ratings8.1110 Ratings
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ApprovalMaxQuickBooks Online Advanced
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User Ratings
ApprovalMaxQuickBooks Online Advanced
Likelihood to Recommend
9.0
(1 ratings)
8.5
(188 ratings)
Likelihood to Renew
-
(0 ratings)
8.4
(14 ratings)
Usability
-
(0 ratings)
7.0
(7 ratings)
Availability
-
(0 ratings)
10.0
(1 ratings)
Performance
-
(0 ratings)
9.6
(2 ratings)
Online Training
-
(0 ratings)
9.0
(2 ratings)
Implementation Rating
-
(0 ratings)
4.3
(5 ratings)
Configurability
-
(0 ratings)
8.0
(2 ratings)
Ease of integration
-
(0 ratings)
9.6
(2 ratings)
Product Scalability
-
(0 ratings)
10.0
(1 ratings)
Vendor post-sale
-
(0 ratings)
9.6
(2 ratings)
Vendor pre-sale
-
(0 ratings)
9.0
(2 ratings)
User Testimonials
ApprovalMaxQuickBooks Online Advanced
Likelihood to Recommend
ApprovalMax
As mentioned previously - able to send invoice based on amount , program code and division code ,supplier is very useful feature ; If an invoice does not fit into approval process than it is rejected and an email is received mentioning the reason
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Intuit
Smaller businesses that need affordable accounting software that many people are used to should look at Quickbooks. QuickBooks makes it easier for people to access your books from multiple locations. If cost is an issue, QuickBooks is very affordable, given you do not need to install and maintain a server.
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Pros
ApprovalMax
  • choice based on Program codes / division codes - we use Xero accounting system and we have 22 program codes and 11 divison codes ; once invoice is entered in Xero depending on relevant program code and divison code, Approval max automatically send invoice to relevant person depending on approval workflow process . One manager could be handling multiple divison and program codes; if our approval work flow process is properly designed - it is accurate in sending invoice to relevant manager.
  • invoice can also send to various managers based on General ledger codes ; this flexibility makes useful when manager is handling only certain nature of expenses regardless of program codes / divisionl.
  • Approval process can also be designed based on level of amount ; and level of amount is derived from our Delegation policy. it makes audit of application of delegation policy easy ; we give copy of delegation policy and print of approval work flow process to auditor.
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Intuit
  • It allows us to link to bank accounts in order to get up-to-date, real-time information, which is so important in today's lightning speed work world.
  • The "canned" reports are excellent and allow for extreme customization also. This makes them very helpful to both me and my clients.
  • The user interface for QuickBooks Online Advanced is easy to navigate and is intuitive for novices. The screens are well laid out and have cohesiveness on each screen to match tasks with others that match up well.
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Cons
ApprovalMax
  • date and time of change in approval process ; for example if Mr. A was responsible for all expenses above $1000 in Oct 23 and from Nov 23 it is changed to $5000 . in Dec 23 if it is checked - it will show approval limit of $5000 ; but will not show from which date limit was changed. Auditor always asks this question when the limit was changed in approval max - we cannot prove it.
  • If there is audit trail of who made the changes , when and what changes were made ; will be good.
  • when we are in main page of seeing invoices awaiting approval - there are hundreds of invoices - searching for one invoice from particular supplier is very cumbersome job - we have to go by each and every invoice in order to find that invoice ; it will be good if we have search function on main page itself ; in current scenario we have to go to report section - input all filters and than search for that particular invoice.
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Intuit
  • Proper advice in QuickBooks Online Pro for the usage if QuickBooks Online Advanced will be more efficient.
  • More features and space in the app for organization of the self-created workflows.
  • The stability of QuickBooks Online Advanced can still be better.
  • There are still file-size issues and limitations on transactions and attributes of transactions.
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Likelihood to Renew
ApprovalMax
No answers on this topic
Intuit
QuickBooks Online Advanced is very easy to use and the data is very transparent. The reporting shortfalls (not being able to report the current month and YTD results on the same report) as well as the issues with the limitations with the management reports.
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Usability
ApprovalMax
No answers on this topic
Intuit
QuickBooks Online Advanced is great and effective. I use it for almost three months and it definitely does their job
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Reliability and Availability
ApprovalMax
No answers on this topic
Intuit
No issue at any time with Availability
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Performance
ApprovalMax
No answers on this topic
Intuit
It can be access at any time and reports is generate in less than a minute
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Online Training
ApprovalMax
No answers on this topic
Intuit
Training was simple
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Implementation Rating
ApprovalMax
No answers on this topic
Intuit
Need to make an option for non-profit organizations
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Alternatives Considered
ApprovalMax
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Intuit
QuickBooks Online Advanced isn’t as robust as Netsuite or Sage, but it is generally a great choice for most businesses. This software will meet or exceed the needs of most companies, and should be the first part of your accounting software decision. I would even reach out to a QuickBooks Online Advanced expert to ensure you need to step up to Sage or Netsuite before doing so on your own.
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Scalability
ApprovalMax
No answers on this topic
Intuit
Software is very flexible
Read full review
Return on Investment
ApprovalMax
  • It has certainly made a positive impact ; it is definately worth its value ; when we are processing hundreds of invoices every fortnight ; getting approval of invoices in timely manner for all invoices is of paramount importance . as approval max has its own app - approval can be done on mobile phone also ; this is particularly helpful when staff is travelling .
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Intuit
  • QBOA has shown my clients the increase and decrease of my monthly income activity
  • I am able to project my income and spending more easily
  • The P&L reports has shown me a lot and by customizing to focus on my income and expenses has allowed me to better budget
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ScreenShots

ApprovalMax Screenshots

Screenshot of where approval processes are set up  – no matter how simple or complex.Screenshot of the interface to build approval steps that follow any business rules – whether approvals happen one after another, all at once, or only in certain cases. The user can also control who approves based on things like amount, supplier, account code, or category.Screenshot of where to approve bills and purchase orders the way that works best.Screenshot of the interface that matches bills to approved purchase orders from the same supplier to keep coding accurate and control spending. Unmatched bills can also be stopped from being approved.Screenshot of where to mention others in comments to bring them in or get their input – even if they’re not part of the original approval. If they don’t have access, a prompt to add them as a Watcher is sent. Mentions work on web and mobile, sending notifications as soon as access is granted.Screenshot of where to raise purchase orders, approve requests, and extract key details from bills and purchase orders – all on the go with the ApprovalMax mobile app for iOS and Android.