QuickBooks Vs TurboTax Free Edition Online (Nov 2020)

Shlomi LaviShlomi Lavi / Nov 25, 2020

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QuickBooks

ITQlick rating
(4.2/5)

starts at $12.50 per month

QuickBooks Online is a web based accounting management solution for small and medium businesses. Its capabilities include expense tracking, automatic data backup, invoice creation, and others. The software was ...

Categories: Core Accounting.

TurboTax Free Edition Online

ITQlick rating
(3.9/5)

starts at $29 per user/month

TurboTax Free Edition is a tax software that can help users with their tax return needs. It can prepare and print your 1040EZ/ simple tax return for you and also supports efiling them if possible. Users can als...

Categories: Business tax.

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QuickBooks: 6 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Fixed-Assets
Tax compliance

TurboTax Free Edition Online: 3 Features

Data Import/Export
Basic Reports
Online Customer Support

Bottom Line: Which is Better - QuickBooks or TurboTax Free Edition Online?

TurboTax Free Edition Online is more expensive to implement (TCO - Total Cost of Ownership) than QuickBooks, QuickBooks is rated higher (99/100) than TurboTax Free Edition Online (91/100). QuickBooks offers more features (6) to their users than TurboTax Free Edition Online (3). There is a clear winner in this case and it is QuickBooks!

Looking for the right Core Accounting solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. In this article we compare between the 2 software products:

How DynaDo compares with Intuit?

DynaDo: DynaDo is a complete suite of tools needed to communicate and manage your business. It includes Email, Project Management, Customer Support, File Storage, Discussion Forums, Calendar, Chat, CRM. It replaces software like GMail, Dropbox, Zendesk, Salesforce and Basecamp.

Intuit: Intuit Inc. is an American company that develops financial and tax preparation software and related services for small businesses, accountants and individuals. Build Your Business w/ Intuit. Get QuickBooks Accounting Software, a Free Website Builder, Credit Card Processing & Payroll Services. NEW: Pay by Mobile! 

Who's more expensive? QuickBooks or TurboTax Free Edition Online?

The real total cost of ownership (TCO) of Core Accounting software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for QuickBooks and TurboTax Free Edition Online.

QuickBooks price starts at $12.50 per month , on a scale between 1 to 10 QuickBooks Online Plus is rated 4, which is lower than the average cost of Core Accounting software. TurboTax Free Edition Online price starts at $29 per user/month , when comparing TurboTax Free Edition Online to their competitors, the software is rated 4 - lower than the average Core Accounting software cost.

Bottom line: QuickBooks cost is around the same cost of TurboTax Free Edition Online.

Which software includes more/better features?

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared QuickBooks Vs. TurboTax Free Edition Online based on some of the most important and required Core Accounting features. QuickBooks: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets, Tax compliance. TurboTax Free Edition Online: Data Import/Export, Basic Reports, Online Customer Support.

Target customer size

The software has specifically been designed for small and medium businesses. TurboTax Free Edition is perfect for individual users who are looking for help with their simple/1040EZ tax return.

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
QuickBooks
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
99/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5/10
License pricing license pricing (if provided by the software vendor)
$12.50 per month
Functionality
7
Compare
TurboTax
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
91/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.6/10
License pricing license pricing (if provided by the software vendor)
$29 per user/month
Functionality
4
Wave
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
97/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.6/10
License pricing license pricing (if provided by the software vendor)
$20 per month
Functionality
8
Review
Zoho
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
96/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.4/10
License pricing license pricing (if provided by the software vendor)
$9 per month
Functionality
9
Review
FreshBooks
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
95/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2/10
License pricing license pricing (if provided by the software vendor)
$4.50 per month
Functionality
28
Author
Shlomi Lavi - admin

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.