QuickBooks Reviews& Product Details
What is Quickbooks?
QuickBooks is an accounting software launched in 1992 and is part of Intuit, a company started in 1983 by Scott Cook and Tom Proulx. Intuit QuickBooks’ initial release was a DOS version based on a previous project developed by Quicken, the mother company. The company defines the product as one dedicated towards small and medium size businesses; however, it is used today by over 4.5 million businesses. QuickBooks is easy to use and comes with many intuitive tools to help you make your business bookkeeping easier.
Today the software is known as the most used and beloved accounting and financial software in the United States for its user experience, features, customer support, integrations, and price.
Found in these Categories
- Small Business
- Medium Business
- Large Enterprise
- Non-profit Organization
- Cloud, SaaS, Web-Based
- Mobile - Android
- Mobile - iPhone
- Mobile - iPad
- Desktop - Mac
- Desktop - Windows
- Desktop - Linux
- Desktop - Chromebook
- On-Premise - Windows
- On-Premise - Linux
Pricing Model: Subscription
- Free Trial
- Free Version
Quickbooks pricing comes with a variety of plans depending on the size and the complexity of your business. As one of the most beloved American accounting software, it fits any organization independent of their size.See QuickBooks Coupons
- "What If" Scenarios
- Account Reconciliation
- Accounts Payable
- Accounts Receivable
- ACH Payment Processing
- Approval Process Control
- Asset Tracking
- Audit Trail
- Billing & Invoicing
- Cash Flow Management
- Client Management
- Compliance Management
- Contact Database
- Contract/License Management
- Core Accounting
- Direct Deposit
- Electronic Payments
- Financial Management
- Expense Tracking
- Fraud Detection
- Integration APIs
- International Utilization
- Inventory Tracking
- Invoice Management
- Mobile Access
- Online Payments
- Payroll Management
- Profit/Loss Statement
- Project Management
- Purchasing & Receiving
- Recurring/Subscription Billing
- Reporting & Statistics
- Sales Orders
- Self Service Portal
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- About QuickBooks
- Intuit QuickBooks Detailed Features
- QuickBooks Cost
- Alternatives to QuickBooks
- Detailed QuickBooks Integrations
- Quickbooks Review Conclusion
As some of you probably know, QuickBooks comes in two distinct versions QuickBooks Online and Desktop. While we discuss both products, we want to underline that our focus will be mainly on the software’s cloud-based version. First, however, we will mention the QuickBooks desktop version, highlight the features and benefits, and shine a light upon their online service. Still, you will find information regarding pricing and features on both; therefore, keep on reading.
QuickBooks is an accounting SaaS product mainly developed for small and medium-sized businesses. Two versions of the product developed by Intuit are a cloud-based service and a desktop version.
Intuit rebuilt the cloud-based service we can enjoy now from the ground up back in 2013 to address some security concerns. Since then, QuickBooks online has become an online accounting platform with the most subscribers and has developed several software versions to match several countries’ accounting requirements worldwide.
Furthermore, QuickBooks also comes with payroll plans, one for each segment desktop and online. Check out the pricing section here to read more about QuickBooks payroll pricing and packages.
If it’s not clear enough what QuickBooks reads while we look at – What’s the difference between QuickBooks Desktop and QuickBooks Online? – both in terms of features and purpose.
About the company behind QuickBooks
Intuit is an American corporation founded in 1983 in Palo Alto, California. The founders of the company are Scott Cook and Tom Proulx. Today, the company makes most of its revenue from the US market through its financial services software: TurboTax, Mint, Credit Karma, ProConnect, and QuickBooks.
Furthermore, Intuit products are some of the most known and used by small and large businesses in the US.
QuickBooks is a cloud-based desktop accounting system developed for small and medium-sized businesses. The tool also comes with a payroll solution and around 650 integrations.
TurboTax is a tax preparation tool with a free file version. The TurboTax free version was developed as a support for taxpayers.
Mint is a personal finance software developed to help you handle your income and expenses in your personal life.
Credit Karma is a tool that helps you check your credit score, monitor it, and get reports on that. Also, you can get recommendations on credits card and benefits that suit you.
What’s the difference between QuickBooks Desktop and QuickBooks Online?
The two products are fundamentally different, and each has features that work differently from the other.
While there are signs in that direction, we can not say that this surprised us, given the software industry’s actual trend. Unfortunately, we haven’t found any official statement regarding this, so our main focus will be on the online solution.
How to use QuickBooks?
Above all, the accounting software is easy to use, friendly and has dozens of tutorials that can help you master any feature in no time. We recommend the online product instead of the desktop version to get straight into using the product without any installation.
Create an account
If you are new to the accounting software, you will first be asked to fill out your company’s information, such as the legal name, business type, how long you have been in business, and how you would describe your business.
The purpose behind these questions is to get an idea of what features might be the most suitable for your business which takes us to the second point. Choose what you want to do with Intuit QuickBooks.
The third step is to start adding data to the accounting software. Start by connecting your bank account. Remember that you can check if all is ok by checking if the figures you have in QuickBooks match your bank account figures. You are not limited to one bank account, so keep adding all of them.
Fourth, you will need to go to the upper right corner, click the settings section, and start setting up all your company information and the advanced settings to set up the correct first month of the financial year. So, now you are all settled in and set up with Intuit Quickbooks; you can start setting up your income, creating invoices, tracking miles, and all the other aspects.
We hope this sheds light on using Quickbooks, and we advise you to check out their tutorial for more detailed information.
Let’s move on with our Quickbooks review and discuss the features.
Features for QuickBooks Online vs. QuickBooks Desktop
So, let us take a closer look at the most apparent differences between the software online and desktop versions.
Amongst the most notable benefits of using the online version of QuickBooks is, as can be noticed, the flexibility that it gives you. Also, you can access first-hand updates and new features without purchasing the latest product version.
With this being said, let’s take a closer look at all the features the Intuit QuickBooks cloud-based version comes with.
Time-Saving Benefits of QuickBooks
Using Quickbook at its full potential comes with great potential to save time worth spending on developing and growing your business. So let’s take a look at this QuickBooks review what some of the most relevant benefits of using QuickBooks online and on the desktop for their SMEs are.
- Synchronizing your QuickBooks to your payment gateways
This comes with the potential to save you about 45 minutes of your precious time every week. How does it do that? Sales transactions incur lots of data, such as invoices, recipes, and other aspects. Therefore, accounting and bookkeeping have become a piece of cake for keeping things neat and organized in sales tax filing.
- Have your customer history synced
To enjoy the full benefits of QuickBooks, integrate your CRM software to have a complete overview of your purchase history and complete information about your customers. This will save you about 58 minutes per week.
Intuit QuickBooks Detailed Features
Let’s take it step-by-step and take a closer look at the features of the online version and what each one can do to make taking track of your accounting and invoices. Furthermore, this section of the QuickBooks review will give an excellent overview of the software’s functionalities and technical aspects.
The benefit of working with cloud accounting is multiple, one of the most important being flexibility. First, you can access all your information from anywhere and on any device. Second, share and collaborate with accountants’ clips without compromising security. Last, take your data with you anywhere you go and make decisions based on real-time data.
With QuickBooks invoice, you can: create custom invoices, estimate invoices, track payments in real-time, and set up recurring invoices, reminders, taxes, discounts, and even shipping. Coslett’s take them individually and see what they do for you.
QuickBooks invoice allows you to customize your invoices by adding brand-related elements such as logo and signature. Furthermore, you can choose multiple templates and make your invoice represent you. Nothing special so far, you would. Well, well, don’t throw in the towel just yet. This had plenty more to give.
Second, create quotes that include discounts, payment terms, prices, and many more to speed up your invoicing procedure and maximize optimization.
Third, track your payments in real-time. Meaning checking from any of your device customers are late on their payments and setting up automatic reminders to youcoststs speed. Besides this, don’t forget the fantastic integrations that help you optimize the invoice payment process and make it as easy as possible for your clients to process your invoices.
Fourth, automate your invoicing process to gain time to focus on other essential aspects of your business. For example, you can send recurring invoices to customers you bill regularly. Last, QuickBooks invoice will automatically track your taxes, discounts, and shipping if appropriately set. Also, it will provide you with a P&L, so you never have to be blind-sighted.
Import invoices into QuickBooks desktop
You can import invoices from your QuickBooks Online to your Quickbooks desktop. However, remember that you can only import an IIF format into the software, so make sure you have one. Here is how it is done:
- Sign in as an Admin to the company file
- Switch to single mode from the File menu
- From the same menu, click Utilities
- Select Import IIF files
- Search & find the IIF file
- Open & Click ok
See, not that hard after all. Now, lee, a look at how it’s done the other way around.
Import invoices from desktop to QuickBooks Online
Even more straightforward than the other way around. Let’s take a look at how we do it step by step.
- From QuickBooks Desktop, click Export Company File to Quickbooks Online.
- Go to Quickbooks online and choose where you want to import your data
- Chose the company where you want to import the list or create a new one
- Get informed by email when the import is ready
Above all, this simple yet efficient feature applies to more importing tasks from desktop to online such as inventories.
Last, let’s look further into this Quickbooks review at reporting and anothecriticalnt feature for commerce and e-commerce: inventory.
QuickBooks Online comes with a unique, customizable accounting reports feature. The feature allows you to review and check your financial data online at all times and create custom reports that fit your business.
So, thanks to all the data you shared with QuickBooks invoices, banking information, and inventories, the tool will generate accurate profit and loss statements, customer balance sheets, and company snapshots.
The profit and loss statement is an excellent feature for any entrepreneur, business owner, and freelancer to see how your business performs. Thus, the report will show you through an easy-to-use P&L report whether yocompanyess operates on a profit or loss. Second, the custom balance sheets QuickBooks online feature will autogenerate based on the details gathered from all your financials, “the health check of your company”.
Last, among the features of QuickBooks, the company snapshot off you a real-time overview of your business with graphs and year-over-year income and expense reports.
Inventory management is one of the unique features of Quickbooks. It can synchronize with online sales platforms such as Amazon, BigCommerce, and Shopify. Each one of them comes wwithfantasticg set of custom integration facilities.
For example, Amazon has a master inventory list, while with Shopify, you can import all your orders and manage refunds.
Now, moving on to what you can do in this Quickbooks review of functions and features section, let’s begging with keeping track of your quantities on hand. This feature will ensure you are always aware of when your stock comes in and out with its auto-update function. This will make it a piece of cake to see what is selling and what’s not.
Second, the tracking stock value in real-time will update your balance sheet when the value of your stock changes. The d with Quickbooks online, you can track your vendor orders and organize all the contacts to make restocking a piece of cake: Las, low stock, and the. The software will alert you when you are running low on your inventories.
In conclusion, Quickbooks Online features are simple and straight forwards. It’s evident at Tekpon that much thought went into user experience when creating and updating the product.
QuickBooks’ online price is very competitive with its features and integration fees. The tool comes with a 30 trial, and those needing it need convincing and ensuring it does the trick. Enjoy y 50% off for the fittest three months if that is not enough.
Last, if you would like to pay your employees using Quickbooks, you would also need to opt for Quickbooks Online Payroll pricing plans. Pay-all plan pricing starts at $45/month.
Alternatives to QuickBooks
Some of the most popular alternatives to Intuit Quickbooks are:
- Zoho Finance
There are many more Quickbooks alternatives, but I believe these are the most competitive in their segment. Check out the alternatives section for more information and an in-depth Quickbooks review vs. competitors.
Detailed QuickBooks Integrations
Quickbooks online comes with many integrations as an old and versatile product, amongst the most popular ones being amazon.com, Shopify, Gusto, Paypal, Stripe, Zapier, and many more. So ct that it is practically impossible for us to even touch the surface on this one, 650 apps, to be specific. Thu, we will use your name if they have it for Quickbooks integrations. This is the first time we have encountered software with so many available third-party integrations.
QuickBooks Online is on top of its game with its integrations and continues to surprise us. The software added two more exciting integrations to its overwhelming var last month. Now QuickBooks Online allows small businesses to sign estimates directly from the plat through their new DocuSign feature form, eliminating unnecessary delays and becoming even remotely work friendlier than it already is.
Moreover, QuickBooks released a new integration with D. This AI-powered software enables entrepreneurs and companies to process bills, manage expenses, capture receipts, and run all reports from one location using several apps. The thfantasticng part about this new integration is that it substantially reduces the need for business owners to navigate through several apps to get their reports.
Quickbooks Review Conclusion
To wrap up, we think that QuickBooks online and desktop deserve the title of the number one accounting software in the United States. Easy to use and with great tutorials meant to guide you step by step from the setup process to the switch to another product if necessary.
Furthermore, the QuickBooks integrations leave little to no room for complaints. The inventory management features of QuickBooks make it the perfect software for any retriever, small or large.
The automation options starting from invoicing and finishing with a balance s,heet make your life easier and leave your space to take care of other important aspects of your business. We hope you enjoyed our QuickBooks review, and we invite you to leave a review of your own and let us know your experience with the product.