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.
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Workday Financial Management
Score 8.2 out of 10
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Workday Financial Management is a native cloud solution built on a global foundation designed to enable accounting teams to operate with greater productivity, superior insights, and adapt to changing business needs. Its AI embedded features improve financial business processes like record to report and opportunity to cash while strengthening internal controls, and enabling consistency across global operations. Powered by an in-memory architecture and object data…
Projektspezialist bei Steffen Jäschke EinzUnt Physik, Berechnungen
Chose QuickBooks Online Advanced
Accounting, bank management, and expense management are long-time normed and standardized processes. So we did expect very little difference, and very little effort to swap between these software suites. We were surprised that there are much more differences. These deviations …
Workday Financial Management
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Features
QuickBooks Online Advanced
Workday Financial Management
Customization
Comparison of Customization features of Product A and Product B
QuickBooks Online Advanced
8.0
96 Ratings
4% above category average
Workday Financial Management
8.1
19 Ratings
8% above category average
API for custom integration
7.779 Ratings
8.516 Ratings
Plug-ins
8.384 Ratings
7.718 Ratings
Security
Comparison of Security features of Product A and Product B
QuickBooks Online Advanced
8.0
170 Ratings
3% below category average
Workday Financial Management
8.9
24 Ratings
7% above category average
Single sign-on capability
8.1149 Ratings
9.024 Ratings
Role-based user permissions
8.0166 Ratings
8.822 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
QuickBooks Online Advanced
8.1
183 Ratings
3% above category average
Workday Financial Management
8.0
26 Ratings
9% above category average
Dashboards
8.7172 Ratings
7.926 Ratings
Standard reports
8.4182 Ratings
8.123 Ratings
Custom reports
7.2174 Ratings
7.921 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
QuickBooks Online Advanced
8.2
187 Ratings
7% above category average
Workday Financial Management
7.8
22 Ratings
2% above category average
Accounts payable
8.3181 Ratings
7.617 Ratings
Accounts receivable
8.5176 Ratings
7.417 Ratings
Cash management
8.2157 Ratings
00 Ratings
Bank reconciliation
8.7179 Ratings
00 Ratings
Expense management
8.2166 Ratings
00 Ratings
Time tracking
7.492 Ratings
00 Ratings
Multi-currency support
8.446 Ratings
00 Ratings
Multi-division support
7.781 Ratings
00 Ratings
Regulations compliance
8.185 Ratings
00 Ratings
Electronic tax filing
9.3103 Ratings
00 Ratings
Self-service portal
7.9101 Ratings
00 Ratings
Primary and Secondary Ledgers
8.978 Ratings
7.418 Ratings
Intercompany Accounting
8.078 Ratings
00 Ratings
Journals and Reconciliations
8.0162 Ratings
7.715 Ratings
Enterprise Accounting
7.969 Ratings
00 Ratings
Configurable Accounting
8.489 Ratings
7.418 Ratings
Centralized Rules Framework
8.567 Ratings
00 Ratings
Standardized Processes
8.1125 Ratings
8.019 Ratings
Global Financial Support
00 Ratings
7.418 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
QuickBooks Online Advanced
7.9
74 Ratings
5% above category average
Workday Financial Management
7.3
10 Ratings
8% below category average
Inventory tracking
7.974 Ratings
7.610 Ratings
Automatic reordering
00 Ratings
7.410 Ratings
Location management
00 Ratings
6.89 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
QuickBooks Online Advanced
7.6
126 Ratings
0% above category average
Workday Financial Management
7.1
10 Ratings
9% below category average
Pricing
7.691 Ratings
00 Ratings
Order entry
7.085 Ratings
00 Ratings
Credit card processing
8.2110 Ratings
7.110 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
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.
Workday is well suited for managing employees throughout their full life cycle. It excels at housing employee data from the start of their time with the company through their departure. Workday is less suited to payroll functions, which could be more robust.
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.
The flexibility of going beyond handling the accounts, where we can handle cash, assets, and accounting simultaneously for the customer.
The single platform offers grants management where you can organize the lifecycle of the grants and synchronize it with any criteria of grant closing out scheme.
I personally liked Project billing with the essence of evaluating project revenue and nice reporting templates that can be shared with the customer at any stage of the project while having the flexibility of auditing the reported cost.
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.
Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.
Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.
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.
Despite Airtable also being easier to use one thing that differentiates and put forth Workday Financial Management tool above is it's key features and better suited functionality for handling confidential data. The other positive note where Workday Financial Management performs high is it key analytics tool that's easier to use and representation of information into insightful dashboards.
We were able to combine 4 different HR modules into one system.
We reduced data breach incidents by 95% after shifting to Workday. One of our legacy softwares had vulnerabilities.
The initial learning curve was higher than projected. We spent about a week to 10 days extra time deploying it, which affected the profit center that year.