Quickbooks is needed and pretty great
May 03, 2021

Quickbooks is needed and pretty great

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with QuickBooks Online Advanced

[QuickBooks Online Advanced] is used as the financial and accounting software across the whole organization. It solves creating invoices, tracking accounts and otherwise oversight and information about our cash on hand and any other financial questions that we have. It is an all encompassing software that definitely brought us into the 21st century and is the gold standard for how to track multiple accounts for a business.
  • You can track balances in multiple accounts
  • Ease of creating invoices and tracking status
  • Pulling reports
  • More updates from banking software with security keys
  • We are definitely able to keep track of unpaid invoices and follow up - positive impact
Overall it was very easy, but that's because we had previous experience with the software before the company decided to implement it here. I can't speak to how simple or difficult it would be for someone to build from scratch with no experience previously and possibly moving over from other accounting software.
With the pandemic this is essential. We do not typically have the need to have multiple employees in various locations on the software, but now with everyone working from home, it really does make a difference and make it super simple to be able to login from wherever you are. This was also useful when our accounting staff would be on vacation or traveling, they would easily be able to login for an hour a day and follow up on invoices or whatever was needed without having to worry about not having access to the software.
I wouldn't say that there are any specific needs in our industry that Quickbooks Advanced addresses.
I don't think I have any other experience in products like Quickbooks online advanced.
[QuickBooks Online Advanced] is well suited for any business operations and accounting functionality when the accounting is done by a non CPA. Our day to day accounting is done by an operations staff member and we only bring in the licensed CPAs for tax season and Quickbooks makes it really easy for anyone to pitch in on reporting and accounts receivable/payable.

QuickBooks Online Advanced Feature Ratings

Accounts payable
8
Accounts receivable
8
Cash management
6
Bank reconciliation
6
Expense management
7
Time tracking
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
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
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Dashboards
Not Rated
Standard reports
6
Custom reports
Not Rated
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated