QuickBooks Online is the 'go-to' option for starting businesses.
August 29, 2019

QuickBooks Online is the 'go-to' option for starting businesses.

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

Overall Satisfaction with QuickBooks Online

We are using QuickBooks Online to track income and expenses for a small counseling private practice. It is being used only by a few individuals that are responsible for tracking the financial information. It is mainly used as a system to make tax season easier when filling out a Sch C. However, it also has been useful for managing cash flow and profitability on a monthly basis.
  • The user interface is relatively easy to follow. Because it is such a popular system, there is a copious amount of free training information out there to use.
  • Being able to access the accounting software from anywhere on any device is a huge plus.
  • For what you get with Quickbooks Online, it really is quite affordable.
  • Since the software is on the 'cloud' connecting to the server can take a little more time than I'd like. This is simply a side-effect of having a bad internet connection depending on where I'm at and not necessarily a defect of the software. If the software was just installed on my computer, this wouldn't be an issue.
  • The system is perfect for an individual that is not well versed in accounting systems. Can feel restrictive at times if you're familiar with other accounting software application. The user experience is certainly geared toward a novice user.
  • It has been nice to have a centralized location that can be accessed anywhere. Especially the feature to send invoices from my phone has been useful.
  • The reports are basic, but exactly what a new business starting out needs.
Most of the systems I have used are larger accounting applications that are not as comparable to Quickbooks. As I have demoed another competitor, I keep coming back around to using Quickbooks Online because it is usually the cheapest option with the most useful information published for using the system.
I would certainly recommend this product to someone just starting a company. It is the best option out there. It is mainly going to be useful when it comes time to file your taxes. I wouldn't recommend this to a large company that has more complicated needs and requirements out of an accounting system.

QuickBooks Online Feature Ratings

Accounts payable
8
Accounts receivable
Not Rated
Cash management
Not Rated
Bank reconciliation
9
Expense management
Not Rated
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
Not Rated
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
9
Enterprise Accounting
Not Rated
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
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
9
Standard reports
10
Custom reports
Not Rated
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated