Great Accounting System for Small Businesses and Organizations
Updated April 16, 2021

Great Accounting System for Small Businesses and Organizations

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with QuickBooks Online

Most of my clients are using QuickBooks Online companywide. There are not many dimensions available they can use, such as location, segment, department, project and so on.
  • Easy to use whether accountant or non-accountant, except setup and adjustments.
  • Simple processes on banking (cash transaction match) and bank/account reconciliations.
  • Great dashboard where you can see an overview of financial performance at a high level simultaneously instead of running individual reports.
  • As I mentioned earlier, we sometimes need to have more than one account dimension like 'Class' to record transactions for companies/clients who have complicated organization structures or/and business lines.
  • Payroll services are not really very comprehensive.
  • Increases efficiency in business operation, especially finance/internal controls.
  • Having one place to store all accounting/financial files.
  • Ability to run real-time reports.
User-friendly and low cost for small size organizations.
QuickBooks Online is a good fit for small/medium size businesses and nonprofits and self-employed, not for corporations due to complex payroll and taxes.

QuickBooks Online Feature Ratings

Accounts payable
7
Accounts receivable
8
Cash management
9
Bank reconciliation
9
Expense management
7
Time tracking
8
Regulations compliance
7
Electronic tax filing
8
Journals and Reconciliations
8
Enterprise Accounting
8
Standardized Processes
8
Inventory tracking
6
Location management
6
Credit card processing
8
Cost of goods sold
6
Pay calculation
7
Direct deposit files
8
Dashboards
8
Standard reports
9
Custom reports
6
API for custom integration
7
Plug-ins
7
Role-based user permissions
8