QuickBooks is a great tool for entrepreneurs to keep tabs on their financials
April 29, 2021

QuickBooks is a great tool for entrepreneurs to keep tabs on their financials

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

Overall Satisfaction with QuickBooks Online

QuickBooks Online is my go-to accounting system. All of my business transactions are uploaded to QuickBooks Online every month so that I can track my income and expenses. I also use QuickBooks Online to send invoices and receive payments from customers. It's a great overall accounting system that allows me to review my financials. As a QuickBooks Online ProAdvisor, I also offer assistance to others when needed.
  • Invoice can be sent to clients
  • Categorize expense and income transactions by creating a rule
  • Allow you to view your income and expenses on the dashboard
  • You can view any unpaid invoices and how many days outstanding
  • Clients can pay invoice once it is sent
  • You have to be careful when using the "Add" or "Transfer" button for transactions. You want to make sure you are selecting the right function for your transaction.
  • Before you add a transaction, you want to make sure the category is correct. It would be great if there was a button that asked you about categories first so that you don't have to undo transactions.
  • Bank transfers between accounts are typically not reported accurately in QuickBooks Online and may require adjustments.
  • QuickBooks Online has helped me to better track my income and expenses. All I have to do is make sure the income and expenses are correctly reported and I'll be able to slice the data into different pieces using QuickBooks Online.
  • QuickBooks Online has saved me a ton of time and a headache. While running a business, I do not have time to manually add up income and expenses in a spreadsheet. All I have to do is press a button to update bank records and make updates to QuickBooks Online to ensure there are not any holes in my financials. Now, I have more time to earn money in my business.
  • I love it that I can give different levels of access to other users who made to view QuickBooks Online. This is a bonus that others can have their own password and username when logging in.

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

Overall, QuickBooks Online handles the most important tasks in my business. Being able to send invoices to customers with a click of a button is extremely useful. I also get to see if they have opened the invoice. The payments feature is also really nice. Once a payment is received from a customer, it takes 1-2 days to see that payment in my bank account. Overall, QuickBooks Online has been a great experience!
N/A - I don't believe there is a free support team. This is one aspect of QuickBooks online that can be improved.
QuickBooks Online is perfect for those who want to maintain accurate and reliable financial records for third-party users. During the pandemic, I received a ton of questions about using QuickBooks Onine to prove profits to third-party lenders. I was able to help business owners navigate QuickBooks Online so that they could provide lenders with the right documentation need to secure pandemic loans.

QuickBooks Online Feature Ratings

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
Not Rated
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
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
10
Order entry
10
Credit card processing
10
Cost of goods sold
10
Order Orchestration
10
End-to-end order visibility
10
Order exception Resolution
10
Pay calculation
10
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
10
Standard reports
10
Custom reports
10
API for custom integration
Not Rated
Plug-ins
10
Role-based user permissions
10
Single sign-on capability
10