You will not regret anything about QuickBooks Online
July 21, 2022

You will not regret anything about QuickBooks Online

James Hargis | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with QuickBooks Online Advanced

We use QuickBooks Online to track our payables and receivables; the scope of my responsibilities is to input invoices from vendors, approve them for and schedule payments, as well as reconcile all accounts for the business. QuickBooks Online makes it easy to manage these tasks by simplifying the process of creating multiple invoices, recurring invoices, recurring bills, and expense entry.
  • Classifying transactions
  • Linking banks, credit cards, and other financials
  • Sending and receiving payments with their payment platforms
  • Better explanations of categories for tax purposes.
  • Tracking of long-term liabilities.
  • Provide more ways to view reports, as in, sometimes we like to see only what we have paid in payroll taxes without having to run a full accounting history.
  • Simplified the amount of time I spend on AP/AR activities.
  • Drastically reduced the time it takes to reconcile accounts.
  • Improved expense capturing allowing for full tax reporting/deductions.
With the dedicated service team that comes as part of the subscription, we were able to set up our account in under a day and begin using it immediately. Trainings were conducted online, and any questions we had were/are answered expeditiously. Overall, from start to full usage took about 1 month but I firmly believe this system can be fully implemented within a couple of days of signing up.
We have employees in 3 states that access QBO. The real-time updates are crucial to ensuring we are all on the same page; there are no lags in updates so every time a change is made, upper management and other authorized users are able to see and understand the state of the business by simply logging on. Being cloud-based and mobile is critical for our company.
It has allowed us to unify our accounting and finances. Before QBO we used spreadsheets for payables and FreshBooks for receivables, which caused our CPA so much more work. With QBO, our CPA is able to monitor the company's financials throughout the year, look at and answer tax-related questions, and address them before the crunch of tax season.
FreshBooks served its purpose when our company was smaller, however, it did not offer the full range of benefits that QBO has offered us. The ability to assign user roles have unlimited user accounts, a dedicated helpline, online access to trainings, and the ability to create batch invoices has made QuickBooks Online the better choice for our business, hands down.

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

Yes

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

QuickBooks Online is well suited for businesses of all sizes, from sole proprietors to mega-corporations. User-defined roles ensure that a person can only see what they need to see, without having access to some of the more confidential info that management may not want the user to have. It can be tailored to fit any type of business, with a little patience.

QuickBooks Online Advanced Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
10
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
10
Enterprise Accounting
Not Rated
Configurable Accounting
10
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
Inventory tracking
Not Rated
Pricing
10
Order entry
10
Credit card processing
10
Dashboards
10
Standard reports
7
Custom reports
5
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
10