QuickBooks Review - why 4.2 stars?

QuickBooks Online Plus Review
ITQlick Score: 99/100
ITQlick Rating: (4.2/5)
Pricing: 5/10 - average cost
Category: Core Accounting -> QuickBooks
Ranking:Ranked 1 out of 137 Core Accounting systems
Company: DynaDo
Pricing: starts at $12.50 per month
Typical customers: Start up, Small business, Medium business, Large business
Platforms: Desktop
Links: QuickBooks pricing, QuickBooks alternatives

Shlomi LaviShlomi Lavi / updated: Mar 07, 2022

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What is QuickBooks and its features?

QuickBooks Online is a core accounting software solution for businesses of all sizes. The software is helpful in all aspects of accounting and is loaded with an array of functionalities, some of which are discussed below:
  • Platform: QuickBooks Online comes with an interface upon which most of its features are built, giving the user access to various functionalities all from one interface. Users can view and share their bookkeeping records live on a beautiful and easy-to-use interface.
  • General Ledger: With QuickBooks Online, small and large business owners can keep track of all financials, document and record details securely, and organize financial records seamlessly.
  • Integration: QuickBooks Online links well with other applications, meaning users never get to leave the interface to use their favorite accounting tools.
  • Inventory Management: For businesses that deal with product sales, QuickBooks Online helps owners track products, the number of goods available, vendors, and create purchase vendors.
  • Accounts (Payable and Receivable): QuickBooks Online helps users receive and make payments, send invoices, monitor payments, manage taxes and run onsite business transactions, earning interest on savings.
  • Reporting And Analytics: With QuickBooks Online, users can create custom reports to gain business insights and track successes and failures. Balance sheets, profit-loss statements, and other reports can be drafted, and even charts displayed to give business owners proper insight.
Small business owners, freelancers, and large businesses can all use QuickBooks Online. Intuit, based in Mountain View, CA, offers the software. Intuit is a Microsoft-owned company with over 10,000 employees. The software provider is recognized as a Top 100 US Companies Supporting Health and Families. QuickBooks is used by over 4.5 million users globally.

What is QuickBooks rating?

The rating of QuickBooks is 4.2 stars out of 5 and the total score is 99 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses QuickBooks?

The software application has actually specifically been made for tiny and medium services. It can be released in a selection of significant industries including retail as well as wholesale, economic services, automation and also manufacturing, medical care and hospitality, media as well as innovation, as well as others.

Is it easy to use?

Yes, QuickBooks makes it fairly easy to use. This product is user friendly and intuitive.

Is QuickBooks cloud-based?

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

Can it be used on mobile?

No, currently QuickBooks can't be accessed on mobile, you would need to access it from your computer.

Is QuickBooks the best Core Accounting system?

QuickBooks is ranked 1 out of 137 software in their category (Core Accounting systems).

What are their main features and functionalities?

The software application uses comprehensive monitoring of earnings and also costs and assists in development and also sending of a limitless variety of estimates and invoices. Bank account integration is supplied to download deals from financial institution and also bank card accounts.

Checks can be published and purchases tape-recorded along with importing of data from Excel or QuickBooks desktop. The software application additionally uses automated online data backup and safety and security and file encryption level of financial institutions. QuickBooks Online promotes creation of persisting routine for automated setting up of invoices.

Sales as well as success can be compared with sector patterns and also costs as well as repayments can be set up for later times. Other important capabilities include purchase order administration, supply monitoring, monitoring of billable hours, budgeting and also forecasting, integrated service records, and also others.

What are QuickBooks's pros? (3 Pros)

  • QuickBooks Online is easy to navigate
  • The software has a lot of integration options due to its broad reach
  • The number of features on QuickBooks Online is encouraging

What are QuickBooks's cons? (2 cons)

  • QuickBooks Online support channels can be problematic at times
  • The software can be pricey, even for small businesses

Who are their main alternatives?

QuickBooks Online faces competition from software like Sage Intacct, Netsuite, Accounting Suite, and Freshbooks. In relevant aspects, QuickBooks is compared to the competition below:
  • Cost: QuickBooks is considered more cost-friendly, especially for smaller businesses than some competitors. The least plan on QuickBooks Online starts at $15, while Netsuite by Oracle starts at $499. AccountingSuite starts at $19, and Sage Intacct does not publicize pricing details. FreshBooks is the least expensive, starting at $7.5 monthly. None offer a free version, but they all have a free trial version, all except Netsuite.
  • Functionality: QuickBooks Online compares favorably with the competition in the aspect of functionality. The software has many features, along with Netsuite and Sage Intacct, with almost similar features like integration and payment tracking.
  • Cloud/On-Premise: QuickBooks Online is an entirely web-based software solution, like most of its competitors.
  • Popularity: QuickBooks Online is quite popular, with over 4.5 million users. It compares very favorably with the competition in this regard. Netsuite and FreshBooks are also two popular brands, while AccountingSuite is an emerging brand.
  • Scalability: QuickBooks Online compares more favorably, helps businesses save costs and scale faster, and remains relevant. AccountingSuite also ranks high on the scalability grade. FreshBooks is rated highly in terms of scalability, while Netsuite and Sage Intacct work well with established businesses, hence have more scalability potential.
  • Customer/Industries: Quickbooks Online targets small businesses and freelancers. Netsuite targets growing startups and larger businesses, Sage Intacct targets midsized enterprises, and FreshBooks is best for small businesses. AccountingSuite targets small, medium, and large-scale businesses.
  • Deployment and Support: Quickbooks Online is web-based and can be accessed on both mobile and desktop. The software shares that similarity with its competitors. For support, QuickBooks Online compares less favorably with the competition as the software has less reliable support channels.

What is the cost of QuickBooks?

QuickBooks Online pricing offers five different plans for individuals and businesses. Self-Employed, Simple Start, Essentials, Plus, and Advanced are the packages available for subscription.

The Self-Employed option is priced at $15/month, offering basic features for individuals. The Simple Start option is priced at $12.50 monthly and is ideal for smaller businesses. The Essentials option starts at $25 per month and offers all Simple Start features plus additional features.

QuickBooks Online Plus pricing is the most popular option priced at $40/month, offering all the features in the Essentials package and more. The Advanced option is suited for larger businesses and is priced at $90 per month.

QuickBooks Online has no free version, although there is a 30-day trial period for each plan and a 50% discount for the first three months.

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 5 out of 10 (10 is most expensive). You can fine here the REAL total cost breakdown for QuickBooks. You can also find here pricing information from QuickBooks's website.

What should you ask DynaDo during a demo session? (65 questions)

Schedule a demo with QuickBooks and access 65 must ask questions for the vendor while watching QuickBooks in action.

Where QuickBooks is used?

QuickBooks Online is widely regarded as best used by small businesses. While larger businesses can use it, the software is best-fit for small-scale businesses and freelancers. The user base cuts across different industries, and business sizes from 1-1000+ can use the software. Notable customers of QuickBooks Online include The Victorian and West Egg.

List of categories

Core Accounting

List of features

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

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Author

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.