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Keep track of your money with Quickbooks Online
September 04, 2019

Keep track of your money with Quickbooks Online

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

Overall Satisfaction with QuickBooks Online

Quickbooks Online is used by our company as a financial tool to keep track of all the money going in and coming out. It helps control costs, create budgets, review reports, create and send invoices, process payroll, pay bills, and many more functions. It shows our company where we stand financially with our projects to make sure we don't lose money in the process.
  • Provides an overview of financial standings in various reports.
  • Easy to use and access.
  • Print checks to pay bills.
  • Reduce cost by being able to do payroll ourselves.
  • It has a monthly cost to maintain.
  • No job costing or large inventory management.
  • Direct deposit to vendors not available.
  • Cost reduction to employ an outside accountant as the monthly fee is lower.
  • More time available for other things as the financials will take less time to complete.
  • Greater insight into profit and loss of the company.
Wave Accounting is a great free accounting software that small businesses can use at no monthly cost but it has its limitations. Quickbooks Online has many features that are beneficial to businesses even though there is a monthly cost to it. With Quickbooks Online I'm able to do small inventory (FIFO), invoicing, payroll and more.
Quickbooks Online is suited well for small businesses who want to control their financials. Work from home businesses, small LLCs and partnerships can easily use the system to track their money to make sure they are profitable. It is easy to access from anywhere as no installation is needed. Any service-based business can use Quickbooks Online. It is less suitable for product-based businesses who carry a large inventory and send out complex invoices.

QuickBooks Online Feature Ratings

8.3
Accounts payable
9
Accounts receivable
9
Cash management
9
Bank reconciliation
9
Expense management
9
Time tracking
8
Fixed asset management
8
Regulations compliance
8
Electronic tax filing
7
Self-service portal
9
Global Financial Support
8
Primary and Secondary Ledgers
7
Intercompany Accounting
Not Rated
Standardized Processes
8
7.0
Inventory tracking
7
Order Management ()
Not Rated
7.8
Pay calculation
8
Direct deposit files
8
Salary revision and increment management
8
Reimbursement management
7
9.0
Dashboards
9
Standard reports
9
Custom reports
9
8.0
API for custom integration
8
Plug-ins
8
9.0
Role-based user permissions
9
Single sign-on capability
9

Using QuickBooks Online

It is pretty easy to use but can be difficult for new users as with most software. You have to get used to where everything is but once you know how to do things, it is relatively easy. There are a lot of tutorials available to review and check if you get stuck on something.
ProsCons
Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Feel confident using
Familiar
None
  • Entering bills.
  • Creating new jobs.
  • Setting up clients.
  • Creating access to outside users.
  • limitation on file size.
Yes, but I don't use it