Quickbooks Online

Quickbooks Online, if it isn’t broken don’t fix it.

Pros:

Payroll Management in Quickbooks Online is the best of the best. Known for its great employee management tools, Quickbooks Online makes payroll a breeze. Direct Deposit in Quickbooks Online provides you with an easy and convenient streamlined system to set up for all of your employees and new hires.

Cons:

Quick books online doesn’t have many features that i would consider need improvement. It gets the job done.

Excellent online bookkeeping software.

Comments: I love QuickBooks and this is the software of our choice for our practice.

Pros:

The reporting side is the best on the market, with many dimensions of data available, more than e.g. Xero, with only two tracking categories. I also like the support, being able to speak to a person if needed. Also the discounting referral system is very good.

Cons:

VAT management and reconciliation can be quite tricky, as software often allows to change the previously submitted to HMRC data.

QBO Works, But It Should Be Better Than It Is

Comments: Due to the massive price increase to move to a 60k+ ERP, QBO is probably still the way to go, it's just a shame that they haven't done a better job listening to their customers and implementing the MANY MANY requests and suggestions that they have been receiving for years.

Pros:

You can login online from anywhere, and it does a great job of syncing with your bank accounts

Cons:

The support is basically non-existent. Also, there is just no reason that they haven't implemented more customization options for how long this software has been out. They also make syncing with other programs sound good, but then limit what can actually be done on the back-end.

Makes my job a ton easier

Comments: I like Quickbooks. The company name does make sense... you do everything quickly lol. I haven't had a single issue other than the invoicing problem. I did spend more than enough time with their customer service which was a pain in the butt but the rep was really friendly and helped me get it sorted out. If I could recommend Quickbooks to a new or seasoned business owner, I definitely will! It looks expensive and hard to learn but honestly, it's much easier to navigate than it looks!

Pros:

I was hesitant at first since I didn't want to go the everything electronic route. My wife was doing all of the tax stuff so I just gave her the okay and made the purchase. I now do everything minus invoicing through Quickbooks. Everything is streamlined for me and I realized how much time I was truly losing by doing everything through Excel and calculating by hand. My wow moment was watching my time being cut in half literally by just snapping a photo of a receipt after connecting my bank account then adding details on the purchase... that's it!

Cons:

Now... the invoicing part I'm just not fond of. There was an error with a payment and Quickbooks kept kicking back a payment a client had made. I ended up just going through Paypal Business and setting up my invoices through there and attached my Paypal account to Quickbooks to make things easier on myself. If invoicing was different, I would be 100% with Quickbooks.

Reliable accounting software, some syncing challenges

Pros:

I find Quickbooks is easy to use & reliable for doing basic business accounting. I also rely on the reporting features to quickly see a snapshot of important data like P&L, broken down into quarters and months.

Cons:

I've run into some syncing problems with my bank, where Quickbooks doesn't automatically sync or the connection is somehow lost and I need to jump through some hoops to fix it. I'm not sure if that's a problem with my bank or a Quickbooks problem though. I also have run into some issues with having balances in 2 different currencies, and making sure income/expenses are properly accounted for.