Netchex is a HR, payroll, and tax administration software platform with solutions dedicated to recruitment, hiring, and onboarding as well as payroll, tax compliance, HR, time/attendance, benefits management, and analytics for these areas.
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QuickBooks Online
Score 8.1 out of 10
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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.
We were looking for a company to help us manange ObamaCare (ACA) and Quickbooks Payroll did not offer any options. ADP did not have the extensive program that Netchex offered. ADP was also much more expensive. Netchex ACA Central was the best product on the market and the best …
I like that they are not so big that they ignore the small customers. They are also reasonably priced. Their support is excellent, I had worked with ADP in a prior position, and we did not have the same kind of support
QuickBooks Online
No answer on this topic
Features
Netchex
QuickBooks Online
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Netchex
9.4
16 Ratings
13% above category average
QuickBooks Online
8.1
121 Ratings
7% above category average
Pay calculation
9.616 Ratings
8.4110 Ratings
Support for external payroll vendors
8.65 Ratings
00 Ratings
Off-cycle/On-Demand payment
9.711 Ratings
00 Ratings
Benefit plan administration
9.813 Ratings
7.260 Ratings
Direct deposit files
10.016 Ratings
8.5101 Ratings
Salary revision and increment management
9.911 Ratings
8.374 Ratings
Reimbursement management
8.17 Ratings
7.981 Ratings
Customization
Comparison of Customization features of Product A and Product B
Netchex
-
Ratings
QuickBooks Online
7.1
112 Ratings
6% below category average
API for custom integration
00 Ratings
7.193 Ratings
Plug-ins
00 Ratings
7.094 Ratings
Security
Comparison of Security features of Product A and Product B
Netchex
-
Ratings
QuickBooks Online
8.4
185 Ratings
2% above category average
Single sign-on capability
00 Ratings
8.5150 Ratings
Role-based user permissions
00 Ratings
8.3175 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Netchex
-
Ratings
QuickBooks Online
8.2
211 Ratings
5% above category average
Dashboards
00 Ratings
8.3198 Ratings
Standard reports
00 Ratings
8.5205 Ratings
Custom reports
00 Ratings
8.0189 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Netchex
-
Ratings
QuickBooks Online
8.0
228 Ratings
5% above category average
Accounts payable
00 Ratings
8.8194 Ratings
Accounts receivable
00 Ratings
8.8211 Ratings
Cash management
00 Ratings
8.1194 Ratings
Bank reconciliation
00 Ratings
9.0217 Ratings
Expense management
00 Ratings
8.4201 Ratings
Time tracking
00 Ratings
6.994 Ratings
Fixed asset management
00 Ratings
8.094 Ratings
Multi-currency support
00 Ratings
7.548 Ratings
Multi-division support
00 Ratings
7.379 Ratings
Regulations compliance
00 Ratings
7.977 Ratings
Electronic tax filing
00 Ratings
8.1112 Ratings
Self-service portal
00 Ratings
7.5124 Ratings
Global Financial Support
00 Ratings
6.840 Ratings
Primary and Secondary Ledgers
00 Ratings
8.169 Ratings
Intercompany Accounting
00 Ratings
8.070 Ratings
Localizations
00 Ratings
7.954 Ratings
Journals and Reconciliations
00 Ratings
8.5140 Ratings
Enterprise Accounting
00 Ratings
7.159 Ratings
Configurable Accounting
00 Ratings
7.986 Ratings
Centralized Rules Framework
00 Ratings
7.757 Ratings
Standardized Processes
00 Ratings
8.8104 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Netchex
-
Ratings
QuickBooks Online
6.9
88 Ratings
6% below category average
Inventory tracking
00 Ratings
6.783 Ratings
Automatic reordering
00 Ratings
7.146 Ratings
Location management
00 Ratings
7.353 Ratings
Manufacturing module
00 Ratings
6.636 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Netchex is great if you want to log in to one place to take care of all things employee-related. It is especially helpful if you have multiple locations or divisions as you can easily set these up and manage them as needed. The more employees you have, the more you will benefit from a program like Netchex that provides so much support for your business. Our company has multiple locations of stores and many employee position levels and Netchex has been great at keeping all of this simple when a lessor product could make it much more complicated. Netchex would not be as appropriate if you have a very small business or a simple payroll structure. It would definitely still work well for you, it would just be more sophisticated than you would require.
QBO is a great solution for small and midsize companies. If the goal is to record all transactions and pull reliable financial reports, QBO is a great option. QBO is also a great solution if most operations are run in a system like Ramp. It syncs well with systems like that and turns the data into something management can use to make decisions. QBO is great because so many people use it. It is easy to find training online, and many people have experience with it.
My Netchex Service Team is very responsive and friendly. They are willing and able to spend the amount of time needed on one call to troubleshoot most problems or answer questions.
Their recent updates to the employee dashboard have been well-received by our seasonal team. Employees are able to quickly find what they are looking for which has minimized the amount of requests that my team receives regarding questions on pay or updating personal information.
Online W-2 forms have been a game-changer for us since moving to Netchex. Our staff tend to move around a lot and most do not get the mailed copy of their W-2. The electronic consent has saved me hours and hours of time.
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.
SOME CUST SVC REPS MAY NEED ADDITIONAL TRAINING ON WORK AROUNDS
WOULD PREFER TO CHAT WITH SOMEONE, SOMETIMES WORDS IN TEXT COULD BE MISINTERPRETED. ALSO SPEAKING TO SOMEONE IS ALWAYS A POSITIVE
NOT REALLY ANYTHING ELSE BUT HAVE BEEN USING THEM 3 MONTHS SO NOT LONG INTO IT.....VERY EASY SYSTEM AND LOVE I CAN DO A NEGATIVE INSTEAD OF HAVING TO CALL AND ASK THEM TO DO IT ON THEIR END.
I dislike that the online bill pay option through QuickBooks is required for their invoicing.
The auto-fill portion of the customer setup, specifically the company name, is listed, but it also auto-fills in the name portion, which is inconvenient and time-consuming to remove.
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.
Beyond being overkill for a small org's needs, QBO is constantly stealing screen real estate and attention by hammering users for account upgrades, connecting to one of their approved consultants or buying add-ons. The idea of using a simple configurable bookeeping and light accounting interface is completely missing. At the very least, we should be able to hide functions like inventory that we will never use.
The first line CE team is phenomenal. They are helpful, friendly, and knowledgeable. We have had less luck with the responsiveness of the tax department. However, their response time has improved drastically over the past year.
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.
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
I like that they are not so big that they ignore the small customers. They are also reasonably priced. Their support is excellent, I had worked with ADP in a prior position, and we did not have the same kind of support
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.
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
Associates can easily access their data and make changes to things like their address and direct deposit, saving manager time to focus on more critical tasks within the organization
NetRecruitier has one site that can be posted to multiple job boards with one applicant tracking system
Electronic Onboarding allows us to get information out to the new employee so we can start with expectations on their first day and they know what to expect.
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.