Clearbooks vs QuickBooks Online Advanced

Larger companies, multi-currency. Clearbooks is in a competitive environment with Xero, SageOne, FreeAgent, Intuit etc., etc.

QBO is excellent for small companies, startups, and any general business case where the accounting is not complex or the transaction volume is reasonably low. In a manufacturing environment or a larger company with a fuller schedule of fixed assets/many transactions on a daily basis, this software would be inadequate to support all of the needed accounting functions. QBO also does not support more complicated revenue recognition schedules for service contracts, requiring manual journal entries for any accruals -- I know several ERPs allow you to program a revenue recognition plan when entering an item nowadays.

• SaaS, so accessible by anyone, anywhere in the world via a browser
• Clear and straight forward navigation
• Good choice of management reports

• Rule-driven categorization of expense transactions.
• Good reporting for P&L, Balance Sheet, Profit by Job.
• Ability to handle multiple locations under the same tax ID.
• A commonly used program, such that it is reasonably easy to hire or contract people who are familiar with the system.
• Recurring ACH & Credit card revenue transactions.
• Repeating, reminder, and template transactions to avoid repeat entries when managed correctly.

• Like any SaaS product, Clearbooks is continuously evolving and being improved
• Some of the reports still need some work

• Possibility to create a template for electronic signatures on checks
• A new template that can allow the upload of general journal entries
• A better way to review custom reports in lieu of scrolling down; is possible creating a new dashboard that will allow a dropdown.

QuickBooks Online Advanced is not like any other accounting software. With how great the software is now, I would definitely renew QuickBooks Online Advanced

QuickBooks Online Advanced is great and effective. I use it for almost three months and it definitely does their job

The online training was easy to follow and understand. The online training gave us the specific instructions to follow

It is great!

Clearbooks was chosen 5 years ago as our accountant recommended it. There is an element of inertia in moving accounts packages.

FreshBooks served its purpose when our company was smaller, however, it did not offer the full range of benefits that QBO has offered us. The ability to assign user roles have unlimited user accounts, a dedicated helpline, online access to trainings, and the ability to create batch invoices has made QuickBooks Online the better choice for our business, hands down.

• I am not sure that ROI is an appropriate measure for an accounts package. The cost is around £250/year, which is a tiny fraction of the cost of a bookkeeper/finance controller/finance director/CFO.

• I know where are bank accounts stand all in one place.
• I know who has paid me, who has yet to pay me, and the amount of invoices outstanding and how much I can expect to earn in a month.
• Quickbooks keeps me organized in every aspect of the business.