User friendly QuickBooks
May 05, 2015
User friendly QuickBooks
Score 7 out of 10
Vetted Review
Verified User
Software Version
QuickBooks Online Plus
Modules Used
- 1099 forms
- invoices
- financial statements
Overall Satisfaction with QuickBooks Online
QuickBooks Online is being used by my clients - small owner managed businesses. It provides bookkeeping records, and generates invoices and financial statements. The client keeps the accounts receivable and bad debts records and reviews them on a monthly basis. It is user friendly and the reports generated are very useful. It is a common software highly used by certified accountants.
- It creates invoices and provides a format which links to customer basis and records.
- It generates various reports and financial statements for different periods which is good for comparison.
- It covers most of the needs of bookkeeping.
- It's covered almost everything - the icons seem confusing. Grouping needs to be improved.
- It's time consuming to set up a new book.
- Technical support and training sessions online would help.
- It increases employee efficiency.
- It saves on accounting consulting fees.
Comparing QuickBooks with SAP ERP, it's more preferred for small and medium size business whereas SAP ERP is more for complex and large organizations. SAP ERP is very complicated to set up and expensive as far as I know. It requires a professional accountant to maintain and occupies a large space in the server.
QuickBooks Online Feature Ratings
Using QuickBooks Online
2 - They represent the owner managed business. It is being used by the owner and bookkeeping staff on a regular monthly basis; especially in account receivables, for creating invoices, and generating monthly reports. They represent start up business which have a low budget for cost center. Its book is relatively simple and has a small volume of transactions.
1 - The in house staff to support QuickBooks Online needs to be experienced in using accounting software. It requires more than basic accounting knowledge. I would say 1-2 years of solid working experience in accounting, or co-op student with over 2-3 years of accounting training. It requires the knowledge of accounting cycles and accounting principles.
- Invoices
- Reports
- Customer list
- Ad hoc report
- Database
- Data storage
Using QuickBooks Online
Pros | Cons |
---|---|
Relatively simple Easy to use Well integrated Consistent Convenient Feel confident using Familiar | None |
- Generate invoices
- Check account receivables
- Generate financial statements
- Slow on computer
- Internet connection