Quickbooks is worth the price once the features save you significant time
April 12, 2016

Quickbooks is worth the price once the features save you significant time

Spud Marshall | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with QuickBooks for Mac

I use quickbooks for Mac to manage all of my finances for my consulting company. It's incredibly helpful to organize receipts and invoices with the multiple clients I work alongside. A large problem it addresses is being able to handle recurring invoices for clients I have on retainer. Interacting with international clients is also convenient as it does automatic currency conversions.

Pros

  • Recurring invoices.
  • Multi-platform support.
  • Simplified reports.

Cons

  • Improvement for marking receipts as billable or reimbursable - it currently has a few user glitches and unnecessary extra steps.
  • Forecasting tools to visualize anticipated cashflow.
  • Being able to file quarterly tax reports with the pro account (currently it is only offered in the solopreneur version).
  • High implementation cost for small business, but expect to see good return by saving time.
  • Has increased reporting and communication between employees and external accountant.
  • I had to pay for the Pro version simply to access recurring invoices which was unfortunate.
I used to use Wave Accounting for quite awhile and switched to Quickbooks for Mac this year because I need some more rigorous software and record keeping for my accountant. Wave Accounting was an excellent start for a small company but as soon as I had decent revenue, it became worthwhile to pay for advanced software to get my time back.
For startup companies that don't need detailed accounting software, I would not recommend QuickBooks for Mac because the cost is not worth it compared to some free software options. However, if you are a small company and have some complexity that you want to automate (like recurring invoices), Quickbooks for Mac is an excellent option and is well worth the money!

QuickBooks Desktop for Mac Feature Ratings

Accounts payable
9
Accounts receivable
9
Cash management
9
Bank reconciliation
9
Expense management
8
Time tracking
2
Fixed asset management
7
Multi-currency support
10
Multi-division support
7
Regulations compliance
6
Electronic tax filing
3
Self-service portal
7
Inventory tracking
7
Automatic reordering
8
Location management
8
Manufacturing module
7
Pricing
9
Order entry
9
Credit card processing
10
Cost of goods sold
9
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
7
Dashboards
8
Standard reports
8
Custom reports
8
API for custom integration
Not Rated
Plug-ins
8
Role-based user permissions
9
Single sign-on capability
8

Comments

More Reviews of QuickBooks Desktop for Mac