QuickBooks Software Review: Overview – Features – Pricing
QuickBooks Online is a cloud-based accounting software for small business. Owners and managers can use it to support business financial functions such as tracking sales and expenses, sending invoice, accepting payments, reconciling accounts, with add-ons for managing payroll. It is an affordable solution that helps users get things done and concentrate more on their business. It is accessible from their desktop, tablet or smartphone, so they can check payment or overdue wherever they may be. It is easy for users to share their data to their bookkeepers and accountants as well.
Features, Benefits, Product Strength
- Simplified Billing and Invoicing – QuickBooks helps users prepare bills, create and send invoice and track payments in one place. Bills and invoices can be customized in a few steps with the company logo, contact information, fonts, colors, original amount, payments received and outstanding balance. It automates the billing process for customers that have recurring billing every week, every other week or every month. It can memorize a billing transaction for a customer so it can automatically bill them at a specific interval. It helps organize which bills have been sent, paid, or are overdue. Invoices can be sent individually or by batches.
- Bookkeeping and Accounting Solution – The accounting software takes care of bookkeeping needs and finances in easy ways. Even first-time owners and novices can reconcile their accounts payable and receivable, accomplish their balance sheet, establish an audit trail and handle accounting for loans. It shows revenues, expenses, liabilities, and it tracks principal and interest changes as well as make loan payments on schedule.
- Fast Setup, Pay Now Link, Free Mobile Apps, Integrations and more – QuickBooks Online accounting works across devices. It has native apps for iPad, iPhone and Android devices. Invoices sent has a Pay Now Link which customers can instantly click to facilitate payment via credit card or bank payment. It also integrates with many apps and services such as Square, PayPal, Constant Contact, Bill.com, LivePlan Dashboard and many more in categories such as Sales and Marketing, Productivity, Operations, and Finance and Accounting. Their website also offers a service for finding local certified experts.
QuickBooks Online offer three plans. The Simple Start plan at $9.99 per month can be accessed by 1 user, has about 10 features that include creating unlimited estimates and invoices, tracks income and expenses, download bank transactions, works across devices, and about 20+ built-in reports. The Essentials plan at $19.99 can be accessed by 3 users, about 40+ built-in reports and additional 5 features such as automatic invoicing on recurring schedule, and control what users can access. The Plus plan at $29.99 has features for a growing business where it can be accessed by 5 users, with 65+ built-in reports, and additional 8 more features such as tracking inventory and preparing and printing tax form 1099.
Social Network Presence
QuickBooks Online accounting software is for small to mid-sized businesses. It is for business owners, freelancers, and managers. It also has international editions that support local setups and taxes such as Canadian sales tax and European VAT.
QuickBooks Online is in English. For other languages, customers are referred to their Global sites to check if there is a local version for their country.
Some of their Clients
Client information is not available.
Juanito Banzon stated the QuickBooks made his life easier. He is using it for his small business and described it as simple and easy to follow.
Yash Pal described it as a great unqualified success that exceeded all expectations.
Why QuickBooks Online
QuickBooks Online can be accessed by up to 5 users anywhere across multiple devices unlike QuickBooks Desktop, which is only for 1 user. It also has more features such as automatic transaction downloading, accountant access and collaboration, free mobile apps and support. QuickBooks is the leader in its group with the most number of subscribers.
QuickBooks is owned by Intuit, a publicly traded company (INTU) with headquarters in Mountain View, CA, USA and other offices in the US, Canada, UK, India and Singapore. It was founded in 1983 by Scott Cook and Tom Proulx, the author of Quicken. In 1993, it went public and used its IPO proceeds to make acquisitions and launched new web-based products and solutions. Today, its annual revenue is over $4 billion. Its strategy for growth is to accelerate the company’s move to offer cloud-based products and services. It is focused on supporting small business success and helping people do their taxes.