User Friendly and Functional
March 27, 2015

User Friendly and Functional

Ginelle Cross, CPP | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Paychex Accounting Online

Used for double-entry accounting that we integrated with Paychex payroll solutions; used mainly by the accounting/payroll team. It lacks some bookkeeping features though that other applications offer such as purchase orders, item tracking, and comprehensive contact records. It is great for Double-entry accounting and very user friendly.

Pros

  • Interactive dashboard
  • Double-entry accounting
  • Customizable Chart of Accounts
  • Standard financial reports: Balance Sheet, Profit and Loss, and Trial Balance
  • You can connect to the financial institutions where you have accounts and download transactions

Cons

  • Can't assign invoices to categories like salesperson, division, or location, nor can your customers return a payment via credit card (there's no support for merchant accounts).
  • Certainly increased employee efficiency, the website is easy to understand and use
Both products are very effective and efficient, the QuickBooks Online is just a better alternative if you need more functionality.
If you already use Paychex payroll services and want to marry them to very basic double-entry accounting functions, Paychex Accounting Online is certainly worth considering.

Paychex Flex Feature Ratings

Pay calculation
8
Benefit plan administration
8
Direct deposit files
8
Salary revision and increment management
8
Reimbursement management
Not Rated

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