QuickBooks Online Review - why 4.2 stars?

Shlomi Lavi / updated: Jan 31, 2023

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What is QuickBooks Online?

QuickBooks is an accounting and billing software solution for your business. The software was designed by Intuit, Inc., headquartered in California, United States. It provides invoicing, payment, billing and other financial solutions to regulate the accounting aspects of businesses.

Who is it best for?

QuickBooks is most suitable for small and medium businesses. In this range, it has been successfully used by a wide range of companies belonging to different industries and from all over the world. The main customer base of the software belongs in North America, Asia, Europe and Australia.

If you are an accounting manager and want to streamline your financial processes and save time and capital, QuickBooks can provide you the right options to do so. The software is flexible with easy navigation which makes it suitable for people who are using online solution for the first time.

Some noteworthy customers that have benefited from the services of QuickBooks include CLEAResult, Commonwealth Financial Network, Earthbound Farm, Jet Blue Airways, and TDA Integrated Content Marketing etc.

Main features and functionalities

QuickBooks manages all the different accounting aspects of business such as invoicing, billing, management of payments, receipt management, tracking of sales and expenses, and payment of employees etc. The software synchronizes data across different devices and platforms for added facility.

Other than creation and management of invoicing and other services, the software manages your sales tax calculations and also offers automated online banking. You can export data in the form of Microsoft Excel and print it. Other important features of the software include payment tracking, printing of checks, creating estimates, inventory management and managing bills.

Thanks to the synchronization capability of the software, you can instantly share data with anyone you like, such as your business associates and accountants. Support for both Windows and Mac further enhances the functional power of QuickBooks.

What is the actual cost?

The cost of license starts at $8.50 per month. ITQlick pricing score is 6.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for QuickBooks Online. You can also find here pricing information from QuickBooks Online's website.

Pros

• Other than managing the business accounting, the software also offers you automated online banking service.
• Support for all major mobile platforms such as Apple, Android, and BlackBerry is available.
• Daily automated backups make sure that your data remains safe and secure.
• You don’t need install any software or maintain any hardware to use QuickBooks.
• Subscription price also covers automatic upgrades which keep following at regular intervals.

Cons

• Unlike some other competitors, QuickBooks does not offer additional add-ons to be used with the core features.
• The software does not offer a customized dashboard for sales and bills.
• There are not multi-currency and multi-language capabilities on the software.
• The software does not offer the features of expense claims, purchase orders, and payroll processing.
• You don’t have the facility of receiving bills electronically on QuickBooks.

How it stacks up?

Access a head to head analysis of QuickBooks Online vs alternative software solutions.

Frequently Asked Questions (FAQs)