LOVAT vs. QuickBooks Online

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
LOVAT
Score 10.0 out of 10
N/A
Tax software for VAT/sales tax filing. LOVAT platform collects all tax data across any sales channel and files VAT returns in a minute. Accurate VAT calculation, tax due reminders, automatic filing, free data storing with the real-time support of tax expert team available. LOVAT enables the user to register a business for VAT and sales tax purposes in foreign countries where it stores goods or where it is selling products or services. LOVAT specializes in helping…
$40
Best option for small sellers and new companies
QuickBooks Online
Score 8.2 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.
$20
per month
Pricing
LOVATQuickBooks Online
Editions & Modules
Start-Up
40/month
Best option for small sellers and new companies
Standard
80/month
Most popular option for your VAT Compliance
Premium
500/month
Top quality level of VAT Compliance
Solopreneur
$20
per month
Simple Start
$35
per month
Plus
$99
per month
Advanced
$235
per month
Offerings
Pricing Offerings
LOVATQuickBooks Online
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsFor the complete version of the pricing with all addons and to calculate your fee please visit our website
More Pricing Information
Features
LOVATQuickBooks Online
Type of tax
Comparison of Type of tax features of Product A and Product B
LOVAT
10.0
12 Ratings
23% above category average
QuickBooks Online
-
Ratings
Sales and Use Taxes10.07 Ratings00 Ratings
VAT / GST Taxes10.012 Ratings00 Ratings
Tax Reporting & Compliance
Comparison of Tax Reporting & Compliance features of Product A and Product B
LOVAT
10.0
12 Ratings
25% above category average
QuickBooks Online
-
Ratings
Geolocation for Tax Assessment9.911 Ratings00 Ratings
Tax Data Reporting10.012 Ratings00 Ratings
Compliance Administration Management10.011 Ratings00 Ratings
Tax Document Management10.012 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
LOVAT
-
Ratings
QuickBooks Online
6.5
80 Ratings
14% below category average
Pay calculation00 Ratings5.771 Ratings
Benefit plan administration00 Ratings6.133 Ratings
Direct deposit files00 Ratings7.166 Ratings
Salary revision and increment management00 Ratings7.845 Ratings
Reimbursement management00 Ratings5.647 Ratings
Customization
Comparison of Customization features of Product A and Product B
LOVAT
-
Ratings
QuickBooks Online
8.1
71 Ratings
7% above category average
API for custom integration00 Ratings8.457 Ratings
Plug-ins00 Ratings7.758 Ratings
Security
Comparison of Security features of Product A and Product B
LOVAT
-
Ratings
QuickBooks Online
9.3
111 Ratings
12% above category average
Single sign-on capability00 Ratings9.183 Ratings
Role-based user permissions00 Ratings9.5105 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
LOVAT
-
Ratings
QuickBooks Online
8.0
135 Ratings
3% above category average
Dashboards00 Ratings7.9127 Ratings
Standard reports00 Ratings8.1131 Ratings
Custom reports00 Ratings7.9119 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
LOVAT
-
Ratings
QuickBooks Online
8.0
146 Ratings
4% above category average
Accounts payable00 Ratings8.5125 Ratings
Accounts receivable00 Ratings8.5134 Ratings
Cash management00 Ratings8.6123 Ratings
Bank reconciliation00 Ratings8.6140 Ratings
Expense management00 Ratings8.2125 Ratings
Time tracking00 Ratings4.557 Ratings
Fixed asset management00 Ratings8.455 Ratings
Multi-currency support00 Ratings6.824 Ratings
Multi-division support00 Ratings9.245 Ratings
Regulations compliance00 Ratings8.940 Ratings
Electronic tax filing00 Ratings8.168 Ratings
Self-service portal00 Ratings7.168 Ratings
Global Financial Support00 Ratings8.418 Ratings
Primary and Secondary Ledgers00 Ratings7.337 Ratings
Intercompany Accounting00 Ratings8.931 Ratings
Localizations00 Ratings8.423 Ratings
Journals and Reconciliations00 Ratings8.176 Ratings
Enterprise Accounting00 Ratings8.327 Ratings
Configurable Accounting00 Ratings7.840 Ratings
Centralized Rules Framework00 Ratings8.326 Ratings
Standardized Processes00 Ratings8.151 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
LOVAT
-
Ratings
QuickBooks Online
7.3
49 Ratings
1% above category average
Inventory tracking00 Ratings7.446 Ratings
Automatic reordering00 Ratings6.523 Ratings
Location management00 Ratings8.423 Ratings
Manufacturing module00 Ratings6.818 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
LOVAT
-
Ratings
QuickBooks Online
8.0
89 Ratings
4% above category average
Pricing00 Ratings7.856 Ratings
Order entry00 Ratings7.854 Ratings
Credit card processing00 Ratings8.965 Ratings
Cost of goods sold00 Ratings7.770 Ratings
Order Orchestration00 Ratings7.822 Ratings
End-to-end order visibility00 Ratings8.721 Ratings
Order exception Resolution00 Ratings7.819 Ratings
Best Alternatives
LOVATQuickBooks Online
Small Businesses
TaxJar
TaxJar
Score 8.2 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.6 out of 10
Medium-sized Companies
ADP SmartCompliance
ADP SmartCompliance
Score 8.5 out of 10
Accounting Seed
Accounting Seed
Score 7.4 out of 10
Enterprises
ADP SmartCompliance
ADP SmartCompliance
Score 8.5 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 6.8 out of 10
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User Ratings
LOVATQuickBooks Online
Likelihood to Recommend
10.0
(12 ratings)
7.0
(164 ratings)
Likelihood to Renew
-
(0 ratings)
2.2
(24 ratings)
Usability
-
(0 ratings)
7.9
(79 ratings)
Availability
-
(0 ratings)
2.0
(5 ratings)
Performance
-
(0 ratings)
1.0
(4 ratings)
Support Rating
-
(0 ratings)
1.3
(68 ratings)
Implementation Rating
-
(0 ratings)
3.0
(6 ratings)
Configurability
-
(0 ratings)
10.0
(1 ratings)
Ease of integration
-
(0 ratings)
1.3
(2 ratings)
Product Scalability
-
(0 ratings)
1.0
(2 ratings)
Vendor post-sale
-
(0 ratings)
1.0
(2 ratings)
Vendor pre-sale
-
(0 ratings)
1.0
(2 ratings)
User Testimonials
LOVATQuickBooks Online
Likelihood to Recommend
LOVAT COMPLIANCE LTD
You need a way to calculate VAT on your remote sales and store tax documents electronically. As part of your evaluation, I would include LOVAT as an option. With LOVAT, we can also avoid asking clients to provide additional information at check out, which keeps our conversion rate higher. It's so easy to upload tax data, calculate VAT, and submit VAT forms
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Intuit
QuickBooks Online is well suited for businesses looking for a cloud-based accounting software package allowing staff to work remotely or in a hybrid setting. QuickBooks Online is great for companies that want an efficient accounting software package that lends well to basic financial reporting (income statement and balance sheet). We enjoy working in QuickBooks Online.
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Pros
LOVAT COMPLIANCE LTD
  • Variety of subscription plans which are flexible thanks to possibilities of purchasing various add-ons.
  • Tax audit reports which are available for download is a great feature that allows us to have a deeper look to our transactions from different sales channels of ours.
  • The support team in always helped us with difficulties or questions that we had on different stages while working with LOVAT
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Intuit
  • It enables me to do a P&L for each specific program as requested by the county for the grant money that they give us.
  • It enables me to do [an] organizational budget as well as a budget for each specific program
  • It enables the accountant and the auditor access at any time for transparency
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Cons
LOVAT COMPLIANCE LTD
  • Some processes take extra time
  • It will take some time and preferably a demo call with the support team to learn how to use the software yourself
  • Unfortunately, consultation on really difficult questions can be obtained only for an additional fee
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Intuit
  • Purchase Orders cannot be linked to multiple bill payments which makes tracking purchase orders in QuickBooks Online obsolete. Without the function we have to track this within a different more manual spreadsheet.
  • Would be helpful if you could "split" bank transactions directly from the "review" downloads from the bank. Currently, to split transactions to multiple accounts we need to first categorize, then review after assigning to 1 account.
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Likelihood to Renew
LOVAT COMPLIANCE LTD
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.
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Usability
LOVAT COMPLIANCE LTD
No answers on this topic
Intuit
While QuickBooks Online is generally easy to navigate, there are some features and functions that often require a Google search in order to find out where they are actually hidden. Additionally, there are some simple customization features that are surprisingly not available for an otherwise advanced program (e.g. only having a pool of 4 fonts to choose from, only having 4 very limited templates for invoicing, not color selection, etc). While I would say that about 75% of users shouldn't have a problem finding their way around with basic functions, there is a learning curve if you want to be able to dive into some of the more useful features, almost to the point that you need to have a dedicated account manager in order to use QuickBooks Online most effectively.
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Reliability and Availability
LOVAT COMPLIANCE LTD
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
LOVAT COMPLIANCE LTD
No answers on this topic
Intuit
There are tab issues. When I tab the field doesn't highlight and I have to backspace or delete what is in the field. Happens on the memo field and sometimes other fields. Very time consuming.
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Support Rating
LOVAT COMPLIANCE LTD
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
LOVAT COMPLIANCE LTD
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
LOVAT COMPLIANCE LTD
Lovat is a product which is favorable in terms of cost, unlike the many tax software which are expensive and not affordable.Also, Lovat has some flexibility, where different procedures based on the companies demands can be personalized to suit its needs. Lastly, Lovat works in hand with the many programs that are in the accounting area.
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Intuit
Quick and easy to set up. QuickBooks Online has a full suite of bookkeeping tools and pricing is affordable. QBO is best suited for Small Businesses and it's cloud-based, which is also well suited for the owners who work remotely. It is flexible and integrates well with Third-Party Payments. Bank reconciliation is a breeze.
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Scalability
LOVAT COMPLIANCE LTD
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
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Return on Investment
LOVAT COMPLIANCE LTD
  • Good functionality and regular update of the services.
  • This software is a good value for money especially taking into account a not very high price.
  • The support team is professional but available only at weekdays.
  • For the moment the support language is only English that may cause some inconvenience.
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Intuit
  • It has created a lot of cost and in-efficiency whenever we need to talk to support.
  • I spent a lot of time setting up their automatic reminders for past due invoices and it worked for a couple of months and then it stopped. It's currently being worked on by their tech team but it has been months and it is still not working. It would have saved me a lot of time.
  • Their multi-currency saves time in sending invoices abroad but it's limiting when a customer wants an invoice in USD instead of a foreign currency so I have to set up different customer accounts for different currencies.
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ScreenShots

LOVAT Screenshots

Screenshot of Transactions section