Suitable Accounting Software for Most Businesses
September 30, 2022

Suitable Accounting Software for Most Businesses

Jeff Dillingham, RE Broker | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with QuickBooks Online Advanced

I used to be the bookkeeper, CFO, and Financial Manager of my Real Estate Brokerage, however the role got too big for me and I've contracted with a third party Bookkeeping service. Having QuickBooks Online Advanced made that transition extremely easy. They were able to plug into all of my accounting history, accounts, and various transactions that needed updating and organization. Very easy transition.
  • Transaction Organization
  • Historical Addendums and AJE's
  • Reporting Details
  • Many third party companies are adapt and familiar
  • It could be simpler for beginners
  • Sometimes the reconciliation module can be a bit confusion with online syncing and the data brought over.
  • Never been a fan of the interface. It's a personal preference to have things more "data entry" correlated.
  • I don't see an ROI per say, but it helps in organization
  • Easy to recall profitablity
  • Saves time in the bookkeeping dept.
Easy implementation. Frankly the hardest part is organizing the way YOU would want it. All available options are there to make it custom, you just have to have a good plan in place to execute.
Have not used this feature.
We are a Real Estate Brokerage and property flipping/custom building firm. It has met our needs. The only need it doesn't meet is property management, so we have to use a different software for that. Otherwise, it works well and creates the proper reporting needed.
None honestly. Been a QB user with other companies for around 20 years.

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

Previous reasons listed as it seems to be a universal application amongst many companies. Easy transition to using third party accountants or if you were doing a Merger and Acquisition it makes the transition easy. Most CPA/Tax Attorney's seem to be proficient in it's use as well. Easy banking syncing is a nice feature saving time.

QuickBooks Online Advanced Feature Ratings

Accounts payable
7
Accounts receivable
7
Cash management
7
Bank reconciliation
6
Expense management
7
Time tracking
7
Multi-currency support
7
Multi-division support
7
Regulations compliance
7
Electronic tax filing
7
Self-service portal
7
Primary and Secondary Ledgers
7
Intercompany Accounting
7
Journals and Reconciliations
7
Enterprise Accounting
7
Configurable Accounting
7
Centralized Rules Framework
7
Standardized Processes
7
Inventory tracking
7
Pricing
7
Order entry
7
Credit card processing
8
Dashboards
9
Standard reports
9
Custom reports
9
Role-based user permissions
7
Single sign-on capability
7