QuickBooks Online Gets Your Small Business Up and Running - Quickly!
March 24, 2015

QuickBooks Online Gets Your Small Business Up and Running - Quickly!

Stephanie Grice | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with QuickBooks Online

I currently use QuickBooks Online for my small business, Bayou BI, LLC. It addresses our accounting and invoicing needs very well and allows our accounting firm remote access. The remote access by our accounting firm is one of the best features of this product because all our work with them can be accomplished electronically.
  • Automated bank balances and transaction downloads
  • Free access for accountants
  • Ease of invoicing
  • Matching bank transactions to open invoices that don't match exactly in value is not straightforward for the non-accountant.
  • As a consulting firm, billing is our business and QuickBooks online makes invoicing easy and efficient. Monthly billing is a breeze.
  • By partnering with our CPA firm we received a discounted rate for the software which made it very affordable while getting our small business off the ground.
I have used the on premises version of QuickBooks many years ago and have also supported larger systems such as Infinium and Microsoft Dynamics GP. QuickBooks has many of the same accounting features as the larger products at a much more affordable price. I selected QuickBooks Online based on my past experience with QuickBooks, the recommendation of my CPA, and the remote access features it offers. It more than meets the needs of my small business and I feel it will grow with us over time.
While I think the product can be used successfully without the involvement of an accountant, I highly recommend using it in conjunction with a professional accountant or CPA. There is a learning curve for using a chart of account effectively and legally for tax purposes. I feel it is a fit for most small business owners who have an accountant or CPA or who are willing to learn some accounting. The software itself is very easy to navigate - it's tax law that is not.

QuickBooks Online Feature Ratings

Accounts payable
9
Accounts receivable
8
Cash management
9
Bank reconciliation
8
Expense management
8
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
9
Self-service portal
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
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
7
Standard reports
8
Custom reports
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated