QuickBooks

QuickBooks

By: Intuit Inc.

QuickBooks is an online accounting software that you can access and manage from anywhere. It allows you to sync your account with your bank, send customized invoices, work together with your partners, take a look at your business insights, integrate with third-party apps, and more. The platform is available for many platforms including Desktop, Mac and Cloud. They also have different versions for enterprise customers, small businesses and individuals. Features varies according to the versions.

From: USA Web Visibility: 81.5%
Based on 1464 Votes
Top QuickBooks Alternatives
  • FreshBooks
  • Bonsai
  • and.co
  • Account Edge
  • Xero
  • Wave
  • Manager
  • Crunch
  • Bullet
  • Stampli
  • Pulse
  • REACH
  • Reckon
  • Soldo
  • Expensify
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Top QuickBooks Alternatives and Overview

1

FreshBooks

FreshBooks is an intuitive accounting software that you can access from anywhere, with automatic upgrades.

By: 2ndSite Inc. From Canada
Based on 287 Votes
2

Bonsai

Bonsai is an invoicing tool that does more than taking care of bills.

By: MTB Projects Corp.
Based on 10 Votes
3

and.co

And.co is a one-stop platform to manage freelance activity. The platform allows...

By: Fiverr.com
Based on 15 Votes
4

Account Edge

AccountEdge is a cloud-based accounting software for small business. It allows you...

By: Acclivity Group LLC. From USA
5

Xero

Xero is an online accounting software with bank-level security and add-on marketplace.

By: Xero Limited. From New Zealand
Based on 168 Votes
6

Wave

Wave provides a quick and easy accounting software for small business, with accountant-approved and secure technology.

By: Wave Accounting Inc. From Canada
Based on 9 Votes
7

Manager

Manager is a free small business accounting software that is available for Windows, Mac, and Linux platforms.

By: NGSoftware Pty Ltd From Australia
Based on 10 Votes
8

Crunch

Crunch provides a simple accounting service for freelancers, contractors, startups, and small businesses, with online software that you can access anytime and anywhere.

By: E-Crunch Ltd. From UK
9

Bullet

Bullet is an online accounting software with free online invoicing, allowing you to automate your accounting tasks.

By: Gleman Software Development Ltd From Ireland
Based on 1 Vote
10

Stampli

By: Stampli
Based on 56 Votes
11

Pulse

Pulse is an online accounting software that allows you to manage the financial aspects of your business.

By: Pulseapp.com, Inc.
Based on 9 Votes
12

REACH

Reach is an all-in-one web-based accounting software made for various types of businesses.

By: Reach Process Outsourcing Pvt Ltd. From India
Based on 44 Votes
13

Reckon

Reckon provides accounting solutions for accountants, businesses, and bookkeepers. It features bill...

By: Reckon Limited. From Australia
Based on 1 Vote
14

Soldo

It is safe to say that you are running an organization, and you need to deal with your company and employee expenses.

By: Soldo
Based on 2 Votes
15

Expensify

Expensify is a software that helps individuals and organizations maintain a track of their expenses and related details in a simplified way.

By: Expensify
Based on 65 Votes

QuickBooks Review and Overview

Pros: Customizable forms and transactions, critical reporting tools, diverse customer support, detailed knowledge base, operation as per the standard accounting principles, time saver by keeping finances organized, good security, several add-ons and integrations

Cons: Lacks email support, rare downtime issue, exporting needs Internet Explorer, lacks full mobile support, lacks multicurrency support, restricted to proprietary gateway service

Overall: The default ‘to-go’ software for small and new businesses due to several useful features online for achieving a balance between ease of use for beginners and good accounting practices for bookkeepers

 

Are you tired of using a desktop application for accounting? Is it so that you are looking for a pure accounting solution purely for your business instead of personal finance? In any of these situations, QuickBooks Online can be a flexible accounting solution for you. On offer by Intuit, QuickBooks Online is different from the other Intuit accounting programs such as Mint and Quicken, as it is totally geared for business accounting, not personal finance management.   

Founded in 1983 by Tom Proulx and Scott Cook, Intuit has come up with its online version of QuickBooks with a refurbished interface for faster and more insightful performance. Designed for small business owners, the online program is easy to use and that there is no need to download and install on your desktop. It comes with all essential accounting tools while excluding highly advanced features to cater to the needs of small businesses.

The solution acts as an accounting, billing, and invoicing platform for controlling business accounts and coordinate financial data at one place. You have the complete control over all accounting activities and that you learn more from free online support. You can quickly create bills and invoices, profit and loss sheets, custom reports, and feeds that are print- and mobile-friendly. The platform can even track payments, users, invoices, and sales history.

Set Up and User Interface

Setup is simple and quick due to a few screens with clear instructions. You can choose your business type and customize the settings the way you like. Once this is done, you are taken to the dashboard or your account’s home page full of various options and how-to links to get started. For several tasks, you need not have an understanding of standard accounting procedures. They are recorded via online screens resembling paper forms like checks and invoices.

The interface is neat and intuitive with well-organized details and puts away complex features. The blue menu has all navigation options such as Vendors, Customers, Reports, Banking, and Employees. Quick links on the right side allow creating an invoice, sales receipt, bill, or check quickly for saving time. However, the interface is not multilingual.

Unique Online Features

QuickBooks Online comes with a few unique features that the desktop edition does not offer. These are payroll, inventory, sending invoices through email, accounts receivable/payable, managing customer, employee, and vendor data, third-party app integration, online banking, pay bills, print checks, and track expenses.

Managerial Features

The software allows creating invoices with sales tax, based on expenses and time. You can even automate and schedule invoices, create estimates for future projects, and track sales or total revenue for sale of an item.  

Secured Online Banking

With the support for thousands of financial institutions, QuickBooks Online allows synchronizing your business checking account and credit cards daily by downloading transactions automatically into the software. It reconciles the bank account by analyzing each transaction and ensuring that the information in the online software account matches.

The security features including data encryption is quite similar to that of banks. Data backup is also possible on daily basis. You can even write and print checks, view deposit records and histories of credit cards, cash, and check payments across all accounts, and analyze expenses by transaction.

Reporting

You can view several reports related to sales, tax, finance, P&L, reconciliation, inventory, and aging accounts receivable. You are also free to create your own reports through templates. There is also a balance sheet-like snapshot and a company scorecard for analyzing business performance. You can export these reports to MS Excel.

Third-party Integration

QuickBooks Online is compatible with Intuit GoPayment and QuickBooks Online Payroll. Apart from that, you can integrate it with the available apps such as CRM and marketing apps for a quick comprehensive analysis.

Conclusion

QuickBooks Online can be a perfect choice for small businesses and freelancers hoping to save both efforts and time by using a simplified and integrated accounting system. Although the software is primarily for small firms, its ability to integrate seamlessly with other business programs appeals to other firms.

However, these firms will be those that do not mind having full capabilities for any five users and following most GAAP standards (not all). The lack of all GAAP standards does not matter for small businesses, as they are more bothered about invoices and cash flows for which they need cash and accrual basis accounting standards.

Company Information

Company Name: Intuit Inc.

Company Address: 2632 Marine Way, Mountain View, CA, USA

Founded in: 1983