Quick review of Quickbooks Advanced Online
February 26, 2021

Quick review of Quickbooks Advanced Online

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with QuickBooks Online Advanced

We use QuickBooks Online advanced for our accounting needs. From tracking expenses to creating our financial statements. Quickbooks Advanced Online makes it easy to get our vendors paid when they need to be paid. I also find that it is easy to research issues and come up with a quick answer.

Pros

  • Quickbooks Advanced Online does a great job of tracking expenses.
  • Quickbooks Advanced Online makes it easy to track cashflow by automatically syncing with my bank and my credit cards.
  • Quickbooks Advanced Online makes it easy to see detailed credit card records and allows me to categorize the charges.

Cons

  • We wish Quickbooks had a depreciation module for assets.
  • We wish it was easier to move expenses between the different companies we have since large purchases need to be split between different companies.
  • We wish it was easier to create the Fathom Reports to create the custom reports.
  • Just started using this. Don't have an answer yet
I wish there was a way to copy the setup from one company to the next. We have 4 companies and it takes a while to be able to set up each company the same. The companies are all owned by the same person so he likes to see everything the same.
Quickbooks Advanced Online addresses the need to track expenses and revenues and provides the reports needed to give accurate presentations of the data.
Quickbooks Advanced Online gives the admin more ways to control access and also more ways to set up the chart of accounts. The fathom reporting looks like it will make the presentation of the 4 companies much easier although we haven't had the time to set up the reports due to all the extra work with adding new companies.
Quickbooks Advanced Online works well with companies with multiple bank accounts and multiple credit cards. Charges come through individually and allow for easy categorizing as well as splitting of the expenses across multiple categories. Same with the bank account transactions. Also, doing batch bills and checks makes the whole process easier and faster.

QuickBooks Online Advanced Feature Ratings

Accounts payable
9
Accounts receivable
7
Cash management
Not Rated
Bank reconciliation
9
Expense management
7
Time tracking
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
7
Self-service portal
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
1
Journals and Reconciliations
8
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
Inventory tracking
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Dashboards
7
Standard reports
8
Custom reports
7
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
9
Single sign-on capability
Not Rated

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