QuickBooks Reviews & Ratings

Introduction

With growing businesses, the need for accounting software is also increasing simultaneously. You need it to keep track of finances, expenses, incomes, manage budgets, and even do financial planning for your organization. Quickbooks, one of the most popular accounting software in the market that offers an easy-to-use solution that is comprehensive yet simple enough to fulfill all your accounting needs.

But how well does Quickbooks actually work, what areas need improvement, what needs to be changed, and a lot more will be discussed in a detailed Quickbooks review.

What is Quickbooks?

Quickbooks is a cloud-based, all-in-one accounting software by Intuit. This accounting software is designed to make financial management easier. It helps with tasks like invoicing, bookkeeping, and payroll – thereby streamlining the accounting and financial record maintenance process.

Its user-friendly interface makes navigating straightforward, and its cloud-based platform allows customers to access their data from any location.

Quickbooks helps businesses to stay organized and manage their cash flow like a pro. It also helps them to get paid faster with quick invoicing and bank syncing features. Plus, it offers automation that frees up your time and allows you to focus on activities that really matter.

Who can use Quickbooks?

QuickBooks is a well-known accounting software that is used by different kinds of users across a variety of sectors. Some of the potential users of QuickBooks include:

• Small Businesses: As a small business owner, you must handle your accounting, financial transactions, and cash flow, among other things. As a result, Quickbooks supports you in documenting and analyzing financial reports in detail.
• Accountants and Bookkeepers: Quickbooks can help CAs and bookkeepers who provide financial services to companies with managing financial statements, tax filing, and creating tax invoices within minutes.
• Non-profit organizations: QuickBooks includes numerous features for non-profit organizations, including donation monitoring, donor reporting, and grant management. Non-profit organizations use it frequently to handle their finances and meet reporting obligations.
• E-commerce Businesses: The accounting software, Quickbooks seamlessly connects with your online sales channels like Shopify and Amazon and automatically carries out your orders and payouts. This platform allows e-commerce businesses to create sales receipts, track income, and expenditures, and even manage inventory.
• Retail Business: With Quickbooks retail accounting, retailers can efficiently manage and track their stock, take POS payments, sales, customer data, margins, tax reports, and much more from a single platform.

Popular Features of Quickbooks

This robust accounting application has a number of features that will speed up your bookkeeping procedures and enable you to manage your money more effectively. Let us examine some of the primary features that identify QuickBooks as a top option for companies of all sizes.

• Invoicing: In just a few clicks, you can create and deliver custom and tax compliant invoices, sales receipts, and estimates according to your business's needs.
• Cloud-Accounting: Quickbooks is a cloud-based accounting software, so you can manage and access your accounts anytime, anywhere, on any device.
• Track Expenses: Track incoming and outgoing money to control cash flow and ensure enough is on hand to cover expenses. You can also use the Cash Flow Planner to manage to generate actionable insights and even forecast your cashflow.
• Multiple Users: Manage your books effectively by granting your staff members different levels of access and privileges. Invite the bookkeeper to view your books and collaborate with them and allow them to assist you in streamlining your financial procedures.
• Accounting Reports: Generate insightful reports on the performance of your business with accounting reports and real-time dashboards. Also, track your company's performance and customize your reports to keep the most relevant info.
• Time Tracking: Track billable hours for your employees, consultants, freelancers, and more. You can also incorporate them into invoices without any difficulty for simple billing and payment procedures.
• Tax Deductions: QuickBooks automatically categorizes every expense and calculates all the taxable and non-taxable income with ease.
• Inventory Management: QuickBooks manages all the stocks by automatically updating the inventory, tracking the real-time value of stocks, order management, and more. Moreover, it also sends low stock alerts.
• Tax Calculation: For simple billing, QuickBooks automatically calculates sales tax depending on the time, the location, item or service type, and customer information.

How Much Does Quickbooks Cost?

Quickbooks offers 4 different plans to its users, each comprising unique features specific to different business needs.

Quickbooks Paid Plans: Quickbooks offers 4 different paid plans – Simple, Start, Essential, Plus, and Advanced. Businesses can select any of the plans as per their requirements. Some of the common features these plans include are Invoice, Receipt Capture, Sales Channel Integration, Inventory Management, On-demand training, data restoration, and more. Each paid plan supports a different number of users, sales channels that you can connect with your account.

Moreover, the Essentials plan allows you to connect up to 3 sales channels, whereas in the Plus and Advanced plan you can connect to all your sales channels. In fact, the Plus plan offers project profitability and inventory as additional functionalities. On the other hand, Advanced plan offers other distinct features like on-demand training, business analytics, data restoration, workflow automation, and more.

Every plan offers Free Mobile Apps, unlimited support, and app integration to help your business run smoothly.

Quickbooks Free-trial: Quickbooks offers a 30-day free trial with every plan. It allows users to access the platform and get familiar with its features without paying any fees. After the trial, business can decide whether Quickbooks is right for them.

Pros and Cons of Quickbooks

• Integrates with various third-party apps like Shopify, Mailchimp, and more.
• Easy to add Accountants and Bookkeepers to your account.
• Free mobile apps.
• Offers a 30-day free trial
• Easily identifies and rectifies accounting related issues.

• Expensive plans as compared to its alternatives.
• Each plan has a limit on the number of account users.
• Frequent complaints about software crashing.

Quickbooks Support

Quickbooks provides unlimited assistance 24 hours a day, seven days a week by mail or through the built-in live chat alternatives. Phone support is available only on Monday-Friday, between 5 am to 6 pm.

It also provides assistance through various options available on the website. There are blogs, FAQs, manuals, videos, and other resources that contribute to Quickbooks' general support system. Additionally, Quickbooks offers training, community support for queries, and a resource center to assist you anytime you need it.

Quickbooks System Requirements/Technical Specifications

Quickbooks, as a cloud-based platform is accessible via the web anytime and from any location. It also supports numerous integrations and can be tailored to your specific company requirements. It runs flawlessly on both desktop and mobile devices.

• Desktop platforms: Web Applications, Windows, and MacOS.
• Mobile platforms: Android & iOS

Quickbooks Alternatives & Competitors

The main competitors of Quickbooks are Zoho Books and FreshBooks. So, we have compared all three of them. The comparison here is as follows:

Techjockey’s Verdict

After an in-depth review of Quickbooks accounting software, we can conclude that it is a reliable alternative for businesses searching for excellent accounting software. Overall, Quickbooks is a good solution for organizations of all sizes and industries, whether they are little start-ups or giant corporations. It includes features such as financial reports, easy app integration, invoicing, and much more to help you grow your business to the next level.

Quickbooks can also help your organization reduce operating costs. You can save time and money by automating the accounting process rather than performing it manually. This allows businesses to focus on other aspects of their operations while boosting their bottom line. Hence, if you own a business, Quickbooks is unquestionably worth considering.