Pricey but excellent cloud software solution for accounting and finance
May 03, 2021

Pricey but excellent cloud software solution for accounting and finance

Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User

Overall Satisfaction with QuickBooks Online

We use the online version of QuickBooks for cloud connectivity, and to enable multiple machines to have access to the same workbook without running into licensing or duplicate instance issues. The ease of access is also much easier to deal with than with the local premier version on a virtual machine.
  • constant availability as long as you have an internet connection
  • no need to manage VMs
  • ease of web access or local desktop installation access
  • Subscription structure can be prohibitively expensive
  • You have far less control over the app because it is no longer hosted by you
  • You are trading one set of problems for another set by moving to the cloud
  • Ease of use reduces IT burden
  • Lack of access to the cloud reduces customizability
  • Annual discussions for contract renegotiations are a slog
While my experience with Xero is limited, QuickBooks Online and Premier versions both seem to be more polished overall. Xero's user interface is a bit more oqaque and clunkier, and Intuit just offers a more seamless experience with its QuickBooks products. However, pricing should be a heavy consideration here in this case.

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

Not sure

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

QuickBooks Online is really simple to use. That's the whole thing with it and many other application software that are cloud based. You trade in control and the toil of manual maintenance for convenience and ease of use, and ease of use really shows with QuickBooks Online. It is not fussy at all.
Support for both Online and Premier versions of QuickBooks have historically been patchy, uneven, and inconsistent for me. Sometimes, their techs are really responsive; other times, they take days and drag out resolution. Sometimes there is a language barrier to contend with, or customer support reps who just don't seem all that warm or knowledgeable with the product.
If you want accounting software that you can set up quickly and begin work, QuickBooks Online fits the bill. It checks those boxes and is easy to deploy and configure from an sysadmin perspective. Also, there is no overhead with managing servers or VMs or having to manually upgrade the Premier version of the software, because QB Online is stored in the cloud.

However, due to the pricing structure of the subscription, it may be cost-prohibitive for smaller companies or nonprofits, even with nonprofit pricing. Price hikes come annually, and it is a grind to have to renegotiate the terms of the contract every year.

QuickBooks Online Feature Ratings

Accounts payable
9
Accounts receivable
9
Cash management
10
Bank reconciliation
10
Expense management
10
Time tracking
5
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
8
Electronic tax filing
8
Self-service portal
10
Global Financial Support
7
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
7
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
8
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
8
Standard reports
8
Custom reports
Not Rated
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
8