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QBO Expert and Easy
September 04, 2020

QBO Expert and Easy

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

Overall Satisfaction with QuickBooks Online

Use QBO as our primary bookkeeping and accounting software. Integrated with our bank account and company credit cards. Our CPA's are also have accountant access so it's a seamless way to do our quarterly reporting and annual reporting with tax filings. We primarily use it for Chart of Account, Balance Sheet and Profit and Loss. We do NOT use AP or AR or other transactional functionality.
  • Simplicity of use.
  • Completely oriented towards accounting, well designed.
  • Intuitive to use.
  • Great help functions.
  • Slow performance.
  • Hard to navigate between modules.
  • QBO allowed us to integrate with our CPA quickly, absolute must to keep in compliance with tax laws.
  • Having our books organized in QBO is critical for commercial bank loan officers if you need financing.
  • We are able to manage bookkeeping and accounting needs with no staff dedicated to that function - those are tangible cost savings.
Pipedrive, Microsoft 365 (formerly Office 365)
It is well suited for all businesses for the core accounting needs. It is deeply rooted in accounting principles so any business can keep their books and corporate financials organized and properly recorded, regardless of size. Obviously there are complexities in each industry and QBO may not be able to handle all the upstream needs of a specific industry but as a system of financial record, it is excellent. I would advise smaller companies and sole proprietorships to consider if QBO is too much for them despite its simplicity of use. It takes commitment to set up QBO properly and consistently use it.

QuickBooks Online Feature Ratings

9.5
Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
10
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
10
Self-service portal
10
Global Financial Support
Not Rated
Primary and Secondary Ledgers
10
Intercompany Accounting
4
Localizations
10
Journals and Reconciliations
10
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
10
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
9.8
Pricing
9
Order entry
10
Credit card processing
10
Cost of goods sold
10
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
10.0
Pay calculation
10
Benefit plan administration
Not Rated
Direct deposit files
10
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
10.0
Dashboards
10
Standard reports
10
Custom reports
10
10.0
API for custom integration
10
Plug-ins
10
10.0
Role-based user permissions
10
Single sign-on capability
10

Using QuickBooks Online

3 - Corporate, Owners, and team from CPA
1 - At least someone in your organization needs to have an Intermediate level of understanding of accounting principles if you use QBO for a range of functions like AP, AR, Payroll, Financial Statements, etc.
  • Chart of Accounts.
  • Balance Sheet.
  • Profit and Loss.
  • No need for in-house bookkeeper.
  • Integrate with Sales Tracking Software.
QBO performs diligently and Intuit is a great company. No reason to move core accounting.