There's a reason why it's the most used Accounting software
Anonymous | TrustRadius Reviewer
Updated July 26, 2019

There's a reason why it's the most used Accounting software

Score 9 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with QuickBooks Enterprise Solutions

It it used solely by the accounting department and select people in our customer support team. We use it to track and reimburse employee expenses, handle payroll, charge our customers, and produce reports for upper management to make more informed decisions.
  • Quickbook's user interface is incredibly user-friendly. Non-Accountants are able to pick up the system relatively easy . They should be able to enter transactions without fully understanding the accounting.
  • There is a lot of material on the internet if you need help how to use Quickbooks. They have various forums in which you can find the answers since there is bound to be another person that had already experienced your problem.
  • Quickbooks has developed a lot of integration with other 3rd party software. For example, we use Avalara to assess sales tax for our invoices. There are APIs built so Quickbooks can send the relevant invoice information to Avalara to produce sales tax.
  • It's not suitable for subscription management. As many business start changing it's business model to a subscription model, this may be a consideration
  • The canned reports do not contain enough information. When you began to add more fields to be displayed, Quickbooks can sometimes crash if you're trying to export the information excel.
  • We were able to pass our financial audit. However, some parts of our balance sheet schedules needed manipulation outside of excel to tie the numbers in our balance sheet schedule to the Financial Statements.
  • There is a lot less excel work than our previous system. As such, we didn't need to hire part-time accountants.
Quickbooks was chosen as it provided the best features yet affordable prices. I, however, was not the person in charge of choosing Quickbooks. I would have chosen the software for the company if I were given the choice. We were previously a software company that sold perpetual licenses and that did not require as much transactions as we did when we transitioned into a subscription model.
It is a perfect if your a small to medium-sized company. As your company has more transactions, such as changing to a subscription model, Quickbooks does not scale quite as well. With the new revenue recognition GAAP rules, it would be difficult to properly record revenue if your product catalog is complex, such as selling bundles, warranties, discounts.

QuickBooks Desktop Enterprise Feature Ratings

Accounts payable
8
Accounts receivable
7
Cash management
9
Bank reconciliation
6
Expense management
8
Time tracking
7
Fixed asset management
7
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
8
Self-service portal
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
8
Enterprise Accounting
8
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
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
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
Pay calculation
8
Benefit plan administration
Not Rated
Direct deposit files
7
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
9
Standard reports
9
Custom reports
7
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated