Intuit Quickbooks Accounting Software Review: Our Verdict
- Intuit Quickbooks Accounting Software Review: Who Intuit Quickbooks Accounting Software Is Best For
- Intuit Quickbooks Accounting Software Review: Who Intuit Quickbooks Accounting Software Isn’t Right For
- Intuit Quickbooks Accounting Software Review: What Intuit Quickbooks Accounting Software Offer
- Intuit Quickbooks Accounting Software Review: Intuit Quickbooks Accounting Software Details
- Intuit Quickbooks Accounting Software Review: Where Intuit Quickbooks Accounting Software Stand Out
- Intuit Quickbooks Accounting Software Review: Where Intuit Quickbooks Accounting Software Falls Out
- Intuit Quickbooks Accounting Software Review: How to Qualify for Intuit Quickbooks Accounting Software
- Intuit Quickbooks Accounting Software Review: How to Apply for Intuit Quickbooks Accounting Software
- Intuit Quickbooks Accounting Software Review: Alternative to Intuit Quickbooks Accounting Software
- Intuit Quickbooks Accounting Software Review: Customer Review
Pro Tips
Recap
Intuit Quickbooks Accounting Software Review: Our Verdict
Intuit Quickbooks Accounting Software is a popular and powerful accounting solution for small and mid-sized businesses. It’s a leader in financial management, combining ease of use with high performance. Its powerful features enable you to handle your finances smoothly. The user-friendly design gives you a feeling of confidence, making challenging tasks simple and even fun.
QuickBooks is more than software; it’s a financial partner, helping you with the details of bookkeeping with skill. It offers a range of features and integrations that help you manage your finances, track your income and expenses, pay your employees, and prepare for tax time. But is it the right choice for your business?
Pros
- User-friendly Interface: It has an intuitive and modern design that makes it easy to navigate and access its features. It also provides you with ample resources and documentation to help you learn and troubleshoot the software.
- Compatibility and Integration: Connect to various third-party applications and platforms, such as eCommerce, payment processors, and payroll management. This allows you to streamline your processes and reduce errors by syncing your data across different systems.
- Robust features: Offers a comprehensive set of features that can cover almost every aspect of your business accounting. You can track your income and expenses, manage your cash flow, create and send invoices, pay your employees, monitor your inventory, generate reports, and more.
However, Intuit Quickbooks accounting software has some drawbacks, such as its cost, performance issues, and learning curve.
Cons
- Cost: Quickbooks can be expensive, especially if you need to upgrade to higher plans or add-ons to access more features and users. The online version also requires a monthly subscription fee, which can add up over time.
- Performance Issues: It can sometimes experience glitches, bugs, crashes, or slow loading times, especially when dealing with large amounts of data or multiple users. The online version also depends on your internet connection, which can affect its speed and reliability.
- Learning Curve: Overwhelming for some users, especially if you are not familiar with accounting concepts or terminology. It can take some time and effort to master the software and customize it to your preferences and needs.
>>> MORE: QuickBooks Review
1. Intuit Quickbooks Accounting Software Review: Who Intuit Quickbooks Accounting Software Is Best For
Consider intuit Quickbooks accounting software if your business:
- Need a comprehensive and customizable accounting system that can handle complex transactions and reporting.
- Want to access your financial data from anywhere, anytime, and on any device
- Prefer to have your accounting software integrated with other business tools, such as payroll, payments, banking, inventory, time tracking, and more.
- Value having expert support and guidance from QuickBooks-certified bookkeepers and accountants.
2. Intuit Quickbooks Accounting Software Review: Who Intuit Quickbooks Accounting Software Isn't Right For
Don’t think of intuit Quickbooks accounting software if your business:
- Has very simple accounting needs and prefers a more basic and affordable solution.
- Require industry-specific features or functionality that QuickBooks does not offer.
- Are not comfortable with cloud-based software and prefer to have their data stored locally on their own devices.
3. Intuit Quickbooks Accounting Software Review: What Intuit Quickbooks Accounting Software Offers
Intuit Quickbooks Accounting Software offers a variety of features and benefits that can help you run your business more efficiently and effectively. Some of the main features include:
- Seamless Accounting: You can easily connect your bank accounts, credit cards, and other sources of income and expenses to QuickBooks and have them automatically categorized and matched. Also, you can create and send invoices, track payments, manage bills, and monitor your cash flow.
- Tax Preparation: Track and deduct your business expenses, calculate and file your taxes, and get ready for tax time with QuickBooks. You can also access reports and insights that show your profitability, performance, and trends.
- Payroll: Pay your employees and contractors, file payroll taxes, generate pay stubs and W-2s with QuickBooks, set up direct deposit, track time and attendance, and manage benefits and deductions.
- Banking: Open a business bank account with QuickBooks Money and earn 5.00% APY on your savings and also accept payments, send money, and manage your cash flow with QuickBooks.
- Inventory: Track your inventory levels, costs, and sales with QuickBooks, which helps you manage your orders, purchases, and suppliers, and sync your inventory with your online store.
- Time tracking: You can track your team’s hours, projects, and tasks with QuickBooks. This allows you to create invoices based on your time entries and integrates with popular apps like Google Calendar and TSheets.
- Integrations: Connect QuickBooks with hundreds of apps and services that you use for your business, such as Shopify, PayPal, Square, Mailchimp, and more. You can also access the QuickBooks App Store and discover new tools and solutions that can enhance your business.
>>> PRO TIPS: Bill.Com Invoicing Software Review
4. Intuit Quickbooks Accounting Software Review: Intuit Quickbooks Accounting Software Details
Quickbooks software offers various plans and pricing options that match different business requirements and budgets. Here are the details of each plan:
- Simple Start: Charges $25 per month and includes one user and basic accounting features, such as income and expense tracking, invoicing and payments, sales and sales tax tracking, mileage tracking, and receipt capture.
- Essentials: It costs $50 per month and includes three users and additional features, such as bill management, time tracking, and multiple currencies.
- Plus: Demands $80 per month and includes five users and advanced features, such as inventory tracking, project profitability, and budgeting.
- Advanced: Requires $180 per month and includes 25 users and premium features, such as custom user permissions, batch invoicing and expenses, advanced reporting and analytics, a dedicated account manager, and priority support.
The good news is that you can supplement payroll and live bookkeeping services to any plan for an extra fee and also test QuickBooks for free for 30 days before you decide on a plan.
5. Intuit Quickbooks Accounting Software Review: Where Intuit Quickbooks Accounting Software Stands Out
Intuit Quickbooks Accounting Software stands out from other accounting software in several ways, such as:
- Flexibility and Customization: Tailor QuickBooks to your specific business needs and preferences, and choose the features and integrations that work best for you. It allows you customize your invoices, reports, dashboards, and workflows to suit your brand and style.
- Accessibility and Mobility: Access QuickBooks from any device, anywhere, and anytime, as long as you have an internet connection, which helps you use the QuickBooks mobile app to manage your business on the go and sync your data across all your devices.
- Support and Guidance: You can get help from QuickBooks experts and professionals whenever you need it, learn from the QuickBooks community and blog, and access free tools and resources to grow your business.
6. Intuit Quickbooks Accounting Software Review: Where Intuit Quickbooks Accounting Software Falls Short
- Cost and Complexity: Expensive and complicated for some businesses, especially if you don’t need all the features and integrations that it offers. You may also have to pay extra for some services and add-ons that are not included in your plan.
- Learning Curve and Errors: QuickBooks has a steep learning curve and requires some accounting knowledge and skills to use it effectively. This may cost you some errors and glitches with QuickBooks, such as data sync issues, duplicate transactions, and incorrect calculations.
>>> GET SMARTER: ZipBooks Accounting Software Review
7. Intuit Quickbooks Accounting Software Review: How to Qualify for Intuit Quickbooks Accounting Software
To qualify for Intuit QuickBooks accounting software, you must meet the following:
- Be a small business owner or an accountant who works with small businesses.
- Have a valid email address and a phone number to create an account and access the software online.
- Acquired a compatible device and an internet connection to use the software. QuickBooks supports Windows, Mac, iOS, and Android devices.
- Choose a plan and pricing option that suits your business needs and budget. QuickBooks offers four plans: Simple Start, Essentials, Plus, and Advanced. You can also add payroll and live bookkeeping services to any plan for an extra fee.
- Agree to the terms and conditions and privacy policies of Intuit and QuickBooks.
8. Intuit Quickbooks Accounting Software Review: How to Apply for Intuit Quickbooks Accounting Software
To apply for Intuit Quickbooks Accounting Software, follow these steps:
- Visit the QuickBooks website and choose the plan that suits your business needs and budget.
- Create an account with your email address and password.
- Enter your business name, address, and industry.
- Connect your bank accounts, credit cards, and other sources of income and expenses to QuickBooks.
- Customize your settings, preferences, and features.
- Start using QuickBooks to manage your business finances.
9. Intuit Quickbooks Accounting Software Review: Alternative to Intuit Quickbooks Accounting Software
If Intuit Quickbooks Accounting Software is not the right fit for your business, consider some of the alternative accounting software that is available on the market, such as:
FreshBooks
FreshBooks is a cloud-based accounting software that is designed for freelancers and small businesses. It offers features such as invoicing, expense tracking, time tracking, project management, and online payments. It has a simple and user-friendly interface and integrates with many apps and services. It costs from $15 to $50 per month.
Xero
Xero is also a cloud-based accounting software that is suitable for small and medium-sized businesses. It offers features such as bank reconciliation, invoicing, inventory, payroll, and reporting. It has a powerful and flexible dashboard, connects with over 800 apps, and costs from $11 to $62 per month.
Wave
This free cloud-based accounting software is ideal for solo entrepreneurs and small businesses and offers features such as income and expense tracking, invoicing, receipts, and reports. It has a simple and intuitive interface and integrates with some apps and services, but charges a fee for online payments and payroll services.
10. Intuit Quickbooks Accounting Software Review: Customer Review
Intuit Quickbooks is a great accounting software for small and medium-sized businesses. It offers a range of features and functions that make it easy, reliable, and secure to manage business finances. Users praise it because it allows them to track their income and expenses, create invoices and reports, sync with their bank accounts and other apps, and also access their data anytime, anywhere, with the mobile app.
This software also helps some users save time and money by automating and simplifying their accounting tasks. It also helps them improve their cash flow and profitability by providing insights and recommendations on how to optimize their business. It is a professional and affordable accounting solution that meets the needs and expectations of users.
It is a valuable investment that pays off in the long run. It is a user-friendly and powerful accounting software that you can trust and rely on.
>>> GET SMARTER: Wave Invoicing Software Review
Pro Tips
- Join the ProAdvisor program to get help from a local accountant.
- Use keyboard shortcuts to do things faster on QuickBooks. For example, press Ctrl+I to make an invoice.
- Check your accounts often to make sure it matches your bank statements and fix any mistakes.
- Use the Multi-Monitor mode and the Multi-Instance mode to work with multiple client files on different screens or windows.
- Run a monthly profit and loss report to see how your business is doing and what you can improve.
- Set up your preferences for QuickBooks to suit your business needs.
- Use the search auto-fill feature to find items, accounts, and clients faster.
- Create an Ask My Accountant account to keep track of things you need to talk to your accountant about.
- Use the Client Data Review feature to find and fix entry errors quickly.
- Connect your bank accounts to QuickBooks and categorize and match your transactions correctly.
Recap
QuickBooks is a complete and powerful accounting tool for small and medium-sized businesses. It has many features and integrations that help you handle your money, keep track of your income and expenses, pay your staff, and get ready for tax season. It also gives you support and advice from bookkeepers and accountants who are certified by QuickBooks.
However, it can be costly and complex for some businesses, and need some accounting knowledge and skills to use it well. You can test QuickBooks for free for 30 days and pick the plan that fits your business needs and budget.
