What Is Quickbooks Online?
QuickBooks Online is a small business accounting software and app that allows you to manage your business anywhere, anytime. Used by over 7 million customers globally, QuickBooks provides smart tools for your business, yet is easy to use. You can organise your books, manage expenses, send invoices, track inventory, and even run payroll. With QuickBooks Online, you can get organised, save time, and even get paid fast by adding payment features. Best of all, you can try it for free for 30 days.
Who Uses Quickbooks Online?
The #1 Accounting and Financials software for Small Business globally.
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Reviews of Quickbooks Online
One of the Best Accounting Software for Small to Mid-sized businesses
Comments: Quickbooks online is our main tool and resource to have a quick snapshot of our accounting, sales, taxes, and profit/loss reports. Also, Quickbooks is our invoicing software and CRM.
The onboarding and migration of our company data from an offline software to Quickbooks Online was way faster than we expected. Aside from that, QuickBooks has been our main and preferred accounting and invoicing tool since 2018.
I believe Quickbooks Online reports are not that customizable like the offline Quickbooks versions. Also, there are differences managing multiple companies. We need to create and buy separate Quickbooks Online accounts for each of our companies and with the offline versions we just had to buy one set of licenses, that allowed us to manage multiple company files.
Excellent reporting and automation
Comments: I've been a user of Quickbooks products since 2003. It has been great. Prior to that I was struggling with Sage. I used Sage for 3 years and Sage payroll. But when I discovered Quickbooks, to me, it lived up to its name... it was quick to do the books... I've done their training, I've an advanced certified pro advisor and user and the company has treated me (I feel) as a client user extremely well over the years.
Auto invoicing, payroll module that's integrated, sending out reports automatically, great customer service and supportive software provider. Receipt capture (although not every sophisticated) still does the job.
What I'm struggling with is this new tax feature, to then be able to file year end accounts, but once I've grasped it... I think it'll be a game changer for how I do business. The process will be quicker, which'll free up my time.
QBO is the best there is but it could use some major improvements.
Comments: While I am often frustrated with glitches or issues that come up: over and over, I am reminded that QBO truly is the best in the business with no other comparable alternatives. The user friendly interface allows for quick and accurate categorization and reporting.
I love the highly customizable financial reporting. The ability to turn on or off tracking by class or location, the ability set up automatic reminders on overdue invoices, and the ability to efficiently categorize transactions in batches.
The constant desire for improvement leads QBO to make changes that reduce the efficiency of the project. Most recent QBO stopped pulling in numbers contained withing bank details and replaced all the numbers with XXX. This makes it remarkably more difficult to match invoices to payments and categorize transfers because I have to log in to the bank to get information that used to be readily available,
Well structured program
Comments: Overall it was a pretty decent experience. In the end, as a very small company, the cost wasn't worth it when there were free options available that don't have all of the bells and whistles but still get the job done.
The main thing I love about Quickbooks online was the ability to email receipts to a dedicated email address where they would then be uploaded to my account. This made it so nice because you didn't have to take a screenshot or download a receipt sent via email in order to upload it to Quickbooks. The mobile app was also very nice and made taking pictures of receipts and uploading easy. The rest of the program was similar to free accounting softwares that I have used with no big surprises.
I don't know if this was a problem with my bank or with Quickbooks but one of my bank accounts would require that I reverify myself every single time I signed into Quickbooks. This was extremely annoying and not something I had to do with the free accounting software that I used.
CPA Review of QBO
Comments: It is very beneficial and affordable for small business owners who need an efficient solution to analyze the financial condition of their business and work with external parties to deliver reports.
Constant updates to make the user experience better.
The chart of accounts feature still needs to be updated to incorporate non-posting accounts