QuickBooks Review 2025: Core Features, Cost

For this reason, we recommend the Essentials package to small businesses who would like some room to grow and expand over time. Quicken Premier and NeatBooks are two comparable accounting software options. While they’re both cheaper than QuickBooks Premier, they’re also far less robust. Getting payments from your customers is easier thanks to automatic payment reminders. If you’ve done several jobs for a client, you can consolidate multiple invoices into one email so they aren’t overloaded with spam.

Why We Chose QuickBooks Online as Best for Small Businesses

We like that QuickBooks Online’s mobile app gives you an overview of your business activity and helps you accomplish multiple accounting tasks wherever you are. The app what is qbo allows you to view dashboard data, create and send invoices, and accept payments. You can also capture receipts and attach them to expenses, reconcile transactions, view customer information, and message customers.

products and services. Our expert industry analysis and practical solutions help you make better buying

• We certainly think so, otherwise we wouldn’t have given it second place in our ranking of the best accounting software for small businesses!
• You need a secure server that hosts your application and allows you to stay ahead of the competition.
• It may also be a more affordable option provided you don’t have many users, as FreshBooks charges an additional fee per user.
• If you are already using QuickBooks Online for accounting, the two integrate seamlessly, enabling you to manage both accounting and payroll from a common platform.
• QuickBooks is more user friendly than sage but that comes at a comprimise.
• You can also snap photos of receipts with your smartphone and let the site use OCR to transfer the details to an official form.
• FreshBooks also allows accountant access, but its simpler feature set means it’s better suited for freelancers who only need occasional support rather than ongoing collaboration.

This is where QuickBooks lacks when you compare with its competitors like FreshBooks or Xero. You can view all the connected apps on the Overview tab under the Apps menu. And, for detailed cash flows statement, you can generate a report using Reports option. One thing to note here, currency conversion is managed by QuickBooks and conversions gets updated every 4 hours. If you aren’t convinced https://www.bookstime.com/ that QuickBooks is right for you, take a look at these options.

Extremely frustrating customer service

• QuickBooks Online supports collaboration between the team and accountant right inside the software.
• Ace Cloud Hosting has a wide customer base serving thousands of CPAs, Bookkeepers, Accounting, Tax Professionals, small businesses, and large enterprises.
• It offers features tailored to small business needs, including invoicing, expense tracking, financial reporting, and more.
• They kept moving us to “upgraded” versions that never really solved the issues.
• QuickBooks integrates with top POS systems, popular online stores, the best CRM software, project management solutions, payroll systems and more.
• Unfortunately though, it’s for US-based users only, and isn’t available in the UK.
• However, to purchase the Full-Service Bookkeeping plan, you must have a QuickBooks Online plan.

QuickBooks Payments is geared towards existing QuickBooks customers, and you’ll need a QuickBooks online account to use it. If you are only interested in a payment platform, it may be worth considering another company that specializes in credit card processing as opposed to bookkeeping and tax preparation. QuickBooks Online is a separate service designed for small business owners who need more extensive features such as double-entry accounting.

For those who are going to be using the software themselves and have not hired a professional bookkeeper, there will be more of a learning curve with QuickBooks. We don’t think it’s hard to learn QuickBooks and there are a lot of good resources online to get you up to speed, but that is something to consider when comparing the two options. You don’t need to be an expert accountant in order to use the software but some familiarity with basic accounting principles is helpful.

QuickBooks is best for small to midsize businesses that plan to grow and need a full suite of features beyond basic invoicing. Its scalability makes it ideal for companies with multiple employees, complex expense tracking or product-based operations that require inventory management. If you use an accountant or bookkeeper or have plans to in the future, keep in mind that QuickBooks will likely be the more commonly used software by professionals. QuickBooks also offers a broader ecosystem of tools, including payroll and employee benefits management. For business owners who want comprehensive financial oversight and the flexibility to expand, QuickBooks is the stronger long-term choice.

Do I need an accountant if I have QuickBooks?

This is done by automating various processes and providing ready to use templates for entering data. This information could be used for tax calculation and accounting purposes. We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners. Partners may influence their position on our website, including the order in which they appear on a Top 10 list.

Customer Comments & Reviews

The desktop version may still require users to download the transactions and import them using a spreadsheet file. Businesses need reports to help assess key business performance indicators like profit and accounts receivable. Some accounting software can also be used to prepare taxes for your firm so you can review, approve, and even pay your taxes all in one place.

• Adjusting to a new user interface can be downright challenging.
• For small businesses on the other hand, I’d highly recommend the Essentials package.
• As seen in this QuickBooks review, the software offers an impressive number of integrations and add-ons, and you will be able to find the right monthly plan for your needs.
• Some help articles from the online knowledge base wouldn’t load, further challenging us.

QuickBooks Review: Features, Pricing, and Support

The Profit and Loss Report shows how you are evolving as a company. You’ll get real-time visualization of all of your finances in one singular place, which can save you a great deal of time when preparing financial reporting. There’s another neat feature that lets you use your phone to snap and save photos of receipts and add them as expenses. The system lets you assign an expense to a particular project or customer. Expenses can be made billable if you want to include the expense in a future invoice.

We have resorted to using a multitude of spreadsheets to try to maintain some level of accuracy. The system is just not up to the level of competency our size Statement of Comprehensive Income business needs to be successful. The system is complicated and not user firendly at all, especially for a government entity.