QuickBooks Review
May 07, 2021
QuickBooks Review
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with QuickBooks Desktop Enterprise
QuickBooks has been used to meet finance and accounting functions in our organization. We use QuickBooks for all our bookkeeping, invoicing, tracking vendors, paying and receiving bills. We also use it to import banking transactions. More importantly, we use QuickBooks to close the books every month and generates financial statements.
- It is a nice tool to generate financial statements: income statements and balance sheets.
- It is easy to pull detail reports from QuickBooks to get budget to actual variance.
- I like the drill down functions to help identify discrepancies and fix them.
- It takes time to download multiple years data.
- It only allows storing one set of plans (or budget) and forecast. Therefore, a monthly forecast has be to done in Excel online.
- I hope there is a way to download multiple journal entries at the same, rather than one at a time.
- QuickBooks is a useful tool for us to close the book at each month end.
- QuickBooks provides a lot of meaningful reports to help us to track against our budget.
- It do take a long time to download multiple year data if involves detail transactions.
As stated in previous sections, QuickBooks provides financial reports to track our expenses based on different projects. Based on those data and information, we keep monitoring the returns on investment, or profit & loss, so the management team can decide how to control cost while improving efficiency and profits in a timely manner.
The implementing experience was great. It is easy for our IT to set it up. I don't remember that there were a lot of training involved. I was able to start using it very quickly. In addition, QuickBooks is very user-friendly software. Most of the features or modules are very intuitive.
It is hard to say that our organization has been benefited from being able to use QuickBooks in an unexpected way. But I would say that QuickBooks met our expectations - we use it to close books in a timely fashion and provide meaningful financial and accounting reports to management, board members, and investors.