Good platform for contractors when used with contractor specific add-ons.
March 01, 2022

Good platform for contractors when used with contractor specific add-ons.

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

Overall Satisfaction with QuickBooks Online Advanced

I provide accounting and bookkeeping support to several construction companies as an independent contractor. QuickBooks Online Advanced is used as the primary accounting platform to provide tax accounting information, track income and expenses, and to provide data used for financial planning.

Pros

  • Monitoring of bank accounts for current balances
  • Tracking bank transactions
  • Profit Loss reporting
  • Customized reports

Cons

  • Easier workflow for entering vendor payments and customer income directly from the bank feed
  • Batch transaction deletion
  • Allows for good transfer of financial data to clients
  • Allows clients to see QBO and to make changes themselves
In my opinion, QuickBooks Online can be tedious and cankerous. Not everyone has the patience and wherewithal to manage QBO. For most, the initial training is straightforward and is good; however, there is a longer learning curve that is worked through using experience, trial and error, and Google.
We are a cloud-based company where 100% of our employees are virtual. QBO works great in that respect.
QuickBooks Online Advanced allows for contractor specific add-ons such as CoConstruct and Buildertrend.
QBO Advanced does not have the multi-unit capabilities that QB Enterprise offers. Xero is not capable of handling the contractor apps.

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

No

Are you happy with QuickBooks Online Advanced's feature set?

Yes

Did QuickBooks Online Advanced live up to sales and marketing promises?

Yes

Did implementation of QuickBooks Online Advanced go as expected?

Yes

Would you buy QuickBooks Online Advanced again?

Yes

Works great for smaller or medium sized businesses that do not have expanded COAs. The location/class feature is really not good for locations/classes in which one location has a significantly different COA than another. Better to have two different QBO accounts.

QuickBooks Online Advanced Feature Ratings

8.3
Accounts payable
9
Accounts receivable
9
Cash management
8
Bank reconciliation
10
Expense management
Not Rated
Time tracking
4
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
10
Enterprise Accounting
9
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
7
5.0
Inventory tracking
5
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Payroll Management ()
Not Rated
7.7
Dashboards
6
Standard reports
8
Custom reports
9
7.0
API for custom integration
Not Rated
Plug-ins
7
9.0
Role-based user permissions
8
Single sign-on capability
10

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