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Starting a Business? Use QuickBooks!
May 06, 2021

Starting a Business? Use QuickBooks!

Devin Rowley | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with QuickBooks Online

Our organization uses QuickBooks Online to track the Accounting and bookkeeping for several small entities that are unrelated to our main business but are owned by the same owner. Since the entities are never going to be consolidated, using QuickBooks Online is a simple and easy solution for managing the entities.
  • Modern and clean UI
  • Secure login
  • Can be used on any device
  • Sync with your bank account for easy reconciliation
  • Check printing can be a hassle
  • Chart of Accounts can be confusing if you don't have a strong knowledge of accounting
  • Improved our digital invoicing.
  • Flexible customer payment options.
  • Bank reconciliation has been simplified with linking the cash account to the bank.
My wife uses a Google Docs spreadsheet for her sole proprietorship, mainly to track expenses. But if she ever expands her customer base beyond the one, I will have her switch to QuickBooks Online. A spreadsheet will not keep track of vendor details, inventory levels, or customer data. If you are serious about growing a business, QuickBooks Online works great and is the place to start.

Do you think QuickBooks Online delivers good value for the price?

Yes

Are you happy with QuickBooks Online's feature set?

Yes

Did QuickBooks Online live up to sales and marketing promises?

Yes

Did implementation of QuickBooks Online go as expected?

Yes

Would you buy QuickBooks Online again?

Yes

I really like the flexibility of using it on any device. I previously had a desktop version, and I could only do work on that machine. Now I don't worry if I'm working from home or going on vacation somewhere, I can just login online and start working.
I haven't needed to use the support team very often. One of the best things about Quickbooks is that it's a large software, so I will do an internet search to see if someone else has run into a similar situation in the past. There are also a lot of YouTube videos that can walk you through any questions you may have.
I think QuickBooks Online works best for small entrepreneurs who are starting to get real about their business. It doesn't require a lot of hardware investment, but it is as fully featured as some accounting software I have used for larger enterprises. If you are making consistent payments to multiple vendors on monthly basis, it's probably time to get an account.

QuickBooks Online Feature Ratings

8.3
Accounts payable
10
Accounts receivable
10
Cash management
7
Bank reconciliation
10
Expense management
8
Time tracking
8
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
8
Electronic tax filing
5
Self-service portal
9
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
Not Rated
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
8.0
Inventory tracking
8
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
8
9.2
Pricing
10
Order entry
8
Credit card processing
10
Cost of goods sold
8
Order Orchestration
10
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
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
8.3
Dashboards
7
Standard reports
9
Custom reports
9
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
10.0
Role-based user permissions
10
Single sign-on capability
10