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
Review Source

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.
  • 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
  • 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 Accounting Online Feature Ratings

Accounts payable
7
Accounts receivable
7
Cash management
8
Bank reconciliation
8
Expense management
8
Time tracking
8
Fixed asset management
8
Multi-currency support
8
Multi-division support
8
Regulations compliance
8
Electronic tax filing
8
Self-service portal
8
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Pay calculation
8
Benefit plan administration
8
Direct deposit files
8
Salary revision and increment management
8
Reimbursement management
Not Rated
Dashboards
8
Standard reports
8
Custom reports
8
API for custom integration
9
Plug-ins
9
Role-based user permissions
9
Single sign-on capability
9