Compare QuickBooks Accounting Software

QuickBooks Accounting software replaces manual data entry with an automated service by syncing information and categorizing transactions at your convenience. All the data is organized on a single financial reporting platform. The software can be used for both managing business finances and personal use.

Why Should You Invest In QuickBooks Accounting Software?

• If you want a convenient way to record and report your firms' financial tracking, you should invest in accounting software
• Whether your business requires a generic software or a complex one, it is an efficient way to keep everything organized
• It is financial management software
• Good software can quickly make accounting calculations without error
• High-quality software makes complicated tasks simple by analyzing your financial data
• It can promptly retrieve old data for external and internal audits
• It is not spacious and saves cost

Pros of QuickBooks Accounting Software

• A great tool for business planning
• It is organized and synchronizes all your clients' data and apps in one place
• It is quick and efficient
• Helps in earning more during tax season
• Cuts out manual data entry by allowing automatic bank feeds
• Allows online payment
• Calculates sales tax
• Audits every detail of a transaction
• Efficiently determines and solves errors
• Easily accessible and convenient

QuickBooks Accounting Pricing and Plans

Package 1 Simple Start: Start your business

• $ 25 /month
• Tracks income & expenses
• Sends custom invoices & quotes
• Connects your bank
• Tracks VAT
• For one user, plus your accountant

Package 2 Essentials: Run Your Business

• Shared Discount
• Initially was for $ 40 but it is offering it for 28 /month with a 30% off for 12 months
• Track income & expenses
• Sends custom invoices & quotes
• Connects your bank
• Tracks VAT
• Insights & reports
• Manages employees
• Multi-currency
• For three users, plus your accountant

Package 3 Plus: Grow Your Business

• The most popular package
• Offers shared discount
• Initially was for $ 70 but it is offering $ 49 /month with a 30% off for 12 months
• Tracks income & expenses
• Sends custom invoices & quotes
• Connects your bank
• Tracks VAT
• Insights & reports
• Manage employees
• Multi-currency
• Recurring transactions
• Tracks inventory
• Tracks projects & locations
• Manages budgets
• For five users, plus your accountant

Package 4 Advanced: Elevate your Business

• Improves your advisory services
• Completes tasks faster
• Ensures that clients grow securely
• Tracks income & expenses
• Sends custom invoices & quotes
• Connects your bank
• Tracks VAT
• Insights & reports
• Manage employees
• Multi-currency
• Recurring transactions
• Tracks inventory
• Tracks projects & locations
• Manages budgets
• Provides back-up and restores data
• Offers a cash flow dashboard
• Offers revenue streams dashboard
• Allows Google Sheets
• Includes batch expensing

All plans include the following

• Free iPhone and Android Apps
• Free support
• Secure cloud storage
• Accountant access with bookkeepers
• Reports and dashboards
• Unlimited invoices

QuickBooks Accounting Features?

Accounting

• QuickBooks Online has a range of options to choose your accounting methods from
• It also offers cash-based and accrual methods along with journal entries and bank reconciliation.

Invoicing

• Unlimited invoices
• Customizes your invoices through size invoice and Microsoft Word
• Allows users to change logo and color scheme etc.
• Also allows users to add fields for shipping charges and discounts as well
• Has a language translator tool
• Auto schedules and tracks invoices

Inventory

• Consists of an inventory feature
• Customers will have to upgrade to the plus or advanced plan to access the full-service
• Allows tracking of products and services
• Higher plans are better and more convenient with their advanced features such as sales input purchase prices, SKUs, descriptions, and images

Reports

• It has over 80 reports and you can access them according to what the plan allows
• Provides standard reports such as profit and loss statements and balance sheets and job costing

Project Management

• Customers need to be on an advanced plan to be able to access all the features
• Customers can create projects
• Tracks billable and unbillable time
• Tracks expenses
• Tracks profits of each job

Time Tracking

• Only provides time tracking features customers that are on Essentials, Plus, or Advanced Plans.
• Allows users to create single-time activities or timesheets
• Tracked time can be attached to projects as well

Payroll

• Users can sign up for Intuit Online Payroll
• Offers three different plans
• Core plan is the least expensive and comes with full-service payroll
• The Premium comes with added features such as administration and same-day direct deposit.
• The top-level Elite has the best features such as personal HR advisor, customized setup, and 24/7 customer support

Lending

• Offers access to QuickBooks Capital through which customers can earn up to a $100,000 as their working capital
• Includes competitive interest rates up to 12 months

Resources

• QuickBooks makes learning easy with education and resource material available on their website
• Teaches how to manage cash flow in your business
• Offers tips to manage your invoices like a pro
• Helps in learning about revenue and bookkeeping
• Provides assistance and tricks through which you can make the most out of every dollar

Integration

• Connects with different application and add-ons
• Around 650 different integrations
• Includes 25 payment processing options for easy payment

QuickBooks Accounting Ad Ons and Integration

QuickBooks offer different applications for different categories. Some of the categories and their applications are mentioned below

Expense Management

• Receipt Bank
• AutoEntry
• Expensify

Time Tracking

• TSheets

Billing & Invoicing

• Quotient
• Chaser

Ecommerce

• Shopify

Inventory

• Trade Gecko
• SOS Inventory

Advanced Reporting

• Draftworx
• Spotlight Reporting
• Fathom

Top 5 Complaints of QuickBooks Accounting Software

• It is costly
• Requires upgrade for more users
• Does not allow full-service through the basic plan
• Occasional syncing problems with banks and credit cards
• Lack of features on mobile application as compared to the desktop version

A Quick Review of Our Comparison

QuickBooks

• Tracks income & expenses
• Provides invoice & accept payments
• Maximizes tax deductions
• Runs general reports

Wave Accounting

• Provides unlimited income and expense tracking
• Allows unlimited users and accountants
• Offers limited bank & credit card connections

Fresh Books Cloud Accounting (Facebook Lite)

• Accepts credit card payments online
• Provides automated bank imports
• Offers unlimited time tracking
• 50% Off for 3 Months

Fresh Books Cloud Accounting (Facebook Plus)

• Includes all Facebook lite features
• Offers unlimited proposals
• Provides automated recurring invoices
• 50% Off for 3 Months

QuickBooks Plus

• Runs enhanced reports
• Tracks time & attendance
• Allows 5 users & basic permissions
• Manages 1099 contractors

QuickBooks Advanced

• Allows 25 users & custom roles
• Offers automate approvals & reminders
• Consists of a dedicated account team
• Provides a 24/7 premium support system