QuickBooks is a complete enterprise management and assessment software tool which enables users to coordinate their entire financial portfolio. Users can view all inbound and outbound sales, track inventory, manage payroll, process tax payments, coordinate distribution, all via the one mobile friendly dashboard. Online support and video tutorials are available to assist users and oncall QuickBooks team members are available to help from initial setup to ongoing enquiries. QuickBooks comes complete with 3 customizable packages and a free 30 day trial.
QuickBooks allows users to work from anywhere on multiple devices. Users can access and manage their books from their computer, laptop, tablet, or smartphone anytime they want, as well as create access privileges so that colleagues or accountants can login and work with their data online. Users can also create and send custom online invoices from any device. The QuickBooks Online Mobile app automatically stores data in the cloud and syncs across devices, making it easy to manage business tasks on-the-go. Other important features include expense tracking, accounting reports, and cash flow management. QuickBooks also supports automatic backups and data security.
Online accessibility - can work anywhere with an internet connection. Linking to bank and credit card accounts is handy. Linking to Bill.com and Expensify are also easy.
As a controller and an accountant consultant on the side, I would recommend the online version to small businesses with fewer than 5-10 employees and revenues under $1 million that have very few transactions. For companies that have multiple approval layers and AP invoices, you would need an add on app like Bill.com to handle. We use Expensify and Bill.com to handle expense reporting and AP. QuickBooks Enterprise edition would be a better fit for companies with more than a million in sales and more than 10 employees, but costs can add up on that platform.
-Approval levels are very broad. If I want to allow someone to add classes, I have to give them access to banking and reports that are only for partners to see. Further a la carte customization for permissions would certainly be handy.
-Speed - even with high speed internet, processing multiple AP invoices is very slow compared to the desktop counterpart.
-Accounting integration - when allowing accountants access to the company file, downloading the GL needs to go to excel. If the GL is large, it may exceed the line limit for Excel.
-Some reports are unable to use the custom fields. This creates problems when the custom fields are critical. in our case, we can't run a report of payments received that includes project numbers. In order to get that report, I need to use Zapier to extract payments as they come in and send them to a google sheet. So the only listing I have for payments listed with our custom fields is in Google sheets!
As an Intuit ProAdvisor, full service payroll is an added value to the reselling of a discounted QuickBooks Online account. As an additional service to my retainer clients, I can process their payroll on any interval they choose, and I can handle any type of compensation arrangement they have with their employees. The best part is, it only takes a few minutes and I can do it all effortlessly through the mobile app. And since the ability to pay independent contractors via direct deposit was introduced, my Bookkeeping clients love the fact that they no longer have to worry about writing out checks to their contractors. Filing Forms W-2 (for employees) and Forms 1099-MISC (for independent contractors) is a breeze at the end of the year and paying all their quarterly payroll taxes takes only a few minutes every three months.
Cost is much less expensive than any payroll services company. Direct deposit payments, employee portals, Form W-2 and Form 1099-MISC filing, quarterly tax filing, electronic tax payments, direct deposit payments for independent contractors, powerful and customizable financial reporting, easy collection of Form W-9 information, reliable mobile app for process payroll from anywhere, support for multiple pay rates, benefits and withholding support, and more.
QuickBooks Payroll is available for both QuickBooks Desktop and QuickBooks Online accounts. With QuickBooks Online, you are dependent on the availability of an Internet connection at the time you wish to process payroll.
experience with payroll is really cool, the software actually calculate the holdings and make life easy for me, definitely a robo accountant that i don't have to pay a salary to.
Over all experience : just love it and wish i had it from the beginning of my business. For new users, make use of support. Don't hesitate to call , ask questions , ask again if you have to they will walk you through it. Like i say be dumb and learn it . take the time to do so because the end result is amazing . knowing your finances is straight can save your life. aka....sleep well .
it keep track of your income and expenses by simply attaching your bank account.
almost does your tax return. lol
save a lot of time doing your data entry thus cost effective, no need for a special person to enter all your receipts etc
keep correct info on all money related transaction and balance your check book , can keep your spending and saving on check. I can make adjustments by just looking at my balance sheet. almost cool for idiots to use. :)
if i made a mistake and had to go hunting for the problem, but i can just call up support and let them know ( how stupid i was ) and they just fix it. so not really a con.
for invoicing however , can take a little polishing up especially if i am doing an estimate and need to send it out, i must be extra cautious.
Wonderful experience. Allows me to do my routine bookkeeping or clean-up jobs in a timely and more efficient way with the inclusion of the Accountants Toolbox. Though the move to the cloud is all the rage, some businesses and industries still like the power of QBDT. So QB Accountant allows me to still bring them my high level of accounting expertise.
The ability to be able to serve your clients without the headache of worrying what package or QB year they are currently working with. Without QBA package, in order for you to open a company file you and your client had to be working in the same QBDT year. For example, QB 2015 file had to be opened by QB 2015. QB Accountant solves that problem. Also, QB Accountant provide accounting professionals with an Accountants Toolbox that isn't available for your typical users. This unlocks and allows accountants and bookkeeper to perform duties, tasks, and shortcuts to a clients books in a cleaner or efficient manner.
The only aspect I don't care for is not having the option for Quickbooks Accountants for Mac. Inuit doesn't offer a package for accounting professionals that are Mac users. Though not currently a Mac user, I am in the market for a new laptop with a Apple possibility being in the picture. So when I reached out to Inuit, they informed me that QBDTA is not compatible with Mac machines.
I have all my clients in one place and can easily switch from one to another with just a few clicks.
The team behind QBOA is constantly listening and improving the product. It makes my life so much easier to have all my clients int he same place. I can schedule my own work with reminders and to-do list for both me and my clients. The added feature of having my clients files at a click of a button in priceless. I also appreciate the ability to add non-QBO clients now.
Sometimes the interface and/or the links don't work for the training and ProAdvisor page. These don't have anything to do with the client files just resources for me but it can be annoying at times. I also have my doubts the info regarding the profile views and leads from prospective clients is accurate.
Simple Start package: $15/month
Essentials package: $40/month
Plus package: $60/month
Below are some frequently asked questions for QuickBooks.
QuickBooks offers the following pricing plans:
Starting from: $10/month
Pricing model: Subscription
Free Trial: Available
Simple Start package: $15/month
Essentials package: $40/month
Plus package: $60/month
QuickBooks offers the following features:
QuickBooks has the following typical customers:
Freelancers, Large Enterprises, Mid Size Business, Small Business
QuickBooks supports the following languages:
QuickBooks has the following pricing plans:
QuickBooks supports the following devices:
Android, iPhone, iPad
QuickBooks integrates with the following applications:
AnytimeCollect, Avalara, ChargeOver, Field Harmony, Finale Inventory, IT Pro Dashboard, Livetecs, Time Tracker, Timesheets.com, When I Work
QuickBooks offers the following support options:
FAQs, Forum, Knowledge Base, Online Support, Phone Support, Video Tutorials