Managing accounting and bookkeeping is the backbone of any organization. It helps to monitor the health of your business, plan for future cash flows, and make important decisions. It is important to know what your financial situation is and how it will change over time.
Read further to learn more about Quickbooks, in our review we will detail its features, pros and cons with our rating, and a conclusion about why you should use it.
Click on “open” if you want to see exactly what we will talk about in the rest of this article.
QuickBooks is a cloud-based accounting software designed primarily for small companies. Intuit’s solution is available in two versions: a cloud-based platform and a desktop application.
Back in 2013, Intuit redesigned the cloud-based system that we currently use from the bottom up to solve certain security issues. Ever since, QuickBooks online has grown to become the most popular online accounting platform, with numerous software versions created to meet the accounting needs of various nations across the globe.
QuickBooks is available in two versions: QuickBooks Online and QuickBooks Desktop, as many of you are undoubtedly aware. While we will talk about both solutions, we will concentrate on the cloud-based version of the program.
In addition, QuickBooks has payroll options for both the desktop and online segments. If you want to learn further about QuickBooks payroll price and packages, go to the pricing section.
For the capabilities and integrations it provides, QuickBooks’ online pricing is extremely competitive.
Intuit QuickBooks Online comes in four different versions, all of which appear and function the same and come with a 30-day free trial.
The Simple Start is a micro-business plan that costs $25 per month. Among the features are the ability to monitor expenditures and revenue, generate and send invoices and proposals, link to your bank accounts, accept online payments, generate basic reports, and track sales tax. All of this is included in the $40-per-month Essentials package, which also includes bill monitoring, support for up to 3 users, and time monitoring.
The Plus plan, which costs $70 a month, also includes inventory tracking and project profitability, as well as access for up to five people. Finally, the Advanced package ($150 per month) enables up to 25 people (Xero permits limitless users) and contains a variety of advanced capabilities, such as improved analysis and assistance. However, it is aimed for bigger companies that may need to explore midrange accounting solutions.
Freelance Pricing
A special package for Self-employed is accessible at only $6.75/month for 3 months and then the price will be $15/month.
For those that require persuading and to ensure that the tool works for them, the product comes with a 30-day trial. If that’s not enough, use our link to get a 55 percent discount for the first three months.
The following are the major advantages of QuickBooks Online:
Consolidating Financial Data Made Simple
The expectations of today’s business environment, particularly for small companies, may be tough to fulfill. They are also required to meet their customers’ requirements, such as various payment ways and delivery choices, in addition to producing excellent goods and delivering exceptional customer service. As a result, when it comes to generating sales reports, you may find it difficult to consolidate the information on various procedures.
Fortunately, QuickBooks Online can help you automate the data gathering process and guarantee that your accounting reporting is always up to date. You may quickly and easily combine your data for reporting this way.
Improved Data Viewing
One of the most appealing features of QuickBooks Online is that it is entirely web-based. With all this, all you have to do is log in to your account and see any information you need at the time. You won’t have to stay in your workplace or use your computer to obtain the information you require. In fact, you can use your smartphone to log into your account, making your activities more mobile.
Simplified Data Synchronization
It’s essential to keep your accountants and employees up to date on your financial data in order to conduct correct estimates of your profits and expenses. That’s why QuickBooks Online offers auto-syncing features. With this function, you can ensure that most of the devices linked to your subscription are up to current at all times, preventing any future report discrepancies.
Enhanced Financial Data Protection
It shouldn’t be difficult to keep your financial information secure from unauthorized people. You have access to simple security settings with QuickBooks Online, so you can easily protect the sensitive data that goes across your bookkeeping system on a regular basis. You may also back up your information to the cloud for record-keeping purposes, only exporting it into spreadsheets when required.
Integrations with QuickBooks
As an ancient and flexible product, Quickbooks Online comes with a slew of connections, including Amazon.com, Shopify, Gusto, Paypal, Stripe, Zapier, and a slew of others. There are so many that it’s almost difficult for us to even scratch the surface of this one, 650 applications to be exact.
As a result, we’ll go with you name it, they’ve got it when it comes to Quickbooks integrations. It’s the first time we’ve come across software that has so many third-party integration options.
QuickBooks Online’s integrations are top-notch, and it continues to amaze us. In the past month, the software added two more intriguing integrations to its already impressive list.
QuickBooks Online now enables small companies to sign estimates straight from the platform, reducing needless delays and making it even more remote work friendly than it currently is, thanks to their new DocuSign tool.
QuickBooks also announced a new connection with Docyt, an AI-powered platform that allows entrepreneurs and businesses to process invoices, manage expenditures, record receipts, and run all statistics from an one place, eliminating the need for several applications.
The most exciting aspect of this new connection is that it might significantly decrease the requirement for company owners to travel through several applications in order to get their data.
Conclusion
Quickbooks review: Why you should use it?
Finally, QuickBooks Online provides a variety of customizable subscription options that will help you get the most from your investment. Their plans are organized by the many accounting tools and services that you may need for your business.
You may be certain that you’re really paying for the features you require and not for bloatware. Furthermore, all of their monthly subscriptions include frequent software upgrades, ensuring that your system is always in good working order.
It’s simple to use, and there’s a wealth of tutorials available to walk you through every stage of the process, from setup to switching to another product if required.
In addition, the QuickBooks connections offer little space for criticism. QuickBooks’ inventory management capabilities make it the ideal software for any shop, big or small.
Starting with invoicing and ending with a balance sheet, the automation options make your life simpler and free up time to focus on other essential areas of your company. We hope you liked our QuickBooks review, plus we encourage you to write your own and tell us about your experience with the software.
