QuickBooks Online - Combines power & simplicity for subscribers
May 03, 2021

QuickBooks Online - Combines power & simplicity for subscribers

Rob Martinek | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with QuickBooks Online

We use this package for Accounting, Invoicing & Payroll. A major benefit is that the majority of accounts automatically sync so there is litlle data entry. Also, there are saved transactions that automatically post common/frequent transactions. We also use the system to run financial reports to evaluate the health of the agency. One of my personal favorities is the P&L Report comarison of current 12 months versus prior 12 months. It shows how we are evolving as an organization on both sides of the ledger
  • Financial Reporting
  • Payroll
  • Account Reconciliation
  • Ability to Customize Dashborad
  • Email reminders for Monthly Reports e.g. Reconcile Premiums in Trust Liabilities
  • Provide graphs for P&L comparisons
  • Multiple company accounts can subscribe to same product making accounting easier
  • Reports can generate info instantly
  • Tax filing is simple & easy
  • I cannot imagine working without it
I tried Wave accounting but got lost in the configuration. Also, could not create similar reports. The cost is so small, that it simply made sense to subscribe for both my companies which provided the bonus of a consistent interface. Easy, effective, simple & low cost...what else is there?

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

The program is easy to configure & use. If you get stuck, support is also very good. I have had a couple situations over the last 10 years and both were resolved. Web access is comforting and convenient, but most my accounting tasks are completed in office. The payroll connection feels seamless. All the data makes it to the desired destination. I run fairly simple reports but have no problems creating anything I have needed, Information is power...this program is powerful
Just a couple incidents over the last 10 years. Both were resolved.
In my opinion, this product will work for most small business. We don't need to track sales or inventory, so I cannot speak to that functionality. The ability to create and run financial reports is easy. I particularly like the Business Snapshot. The other great feature of the Online version is that you can access it from anywhere. I don't use this very often, but it sure is nice when I need info

QuickBooks Online Feature Ratings

Accounts payable
Not Rated
Accounts receivable
Not Rated
Cash management
9
Bank reconciliation
10
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
10
Self-service portal
10
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
10
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
10
Benefit plan administration
Not Rated
Direct deposit files
10
Salary revision and increment management
10
Reimbursement management
10
Dashboards
8
Standard reports
8
Custom reports
9
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
10