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Quickbooks Online Review

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QuickBooks is one of the most popular accounting software programs in the world today. Whether you’re working for yourself, running a small business, or managing 50+ employees, QuickBooks is an effective way to track your money, organize finances, and prepare for taxes.

quickbooksreviews

  • Features
  • Pricing
  • The Good
  • The Bad
  • FAQ
  • Small Business
  • Corporation
  • Other

QuickBooks Online Features

QuickBooks Online Business Management and Accounting

Estimates and Invoices: All three plans offer unlimited estimates and invoices which business owners can send to clients.
Download Financial Transactions: Sync your bank and credit card accounts to QuickBooks to manage your business transactions from a single location.
Track Income and Expenses: All income and expenses can be securely managed over QuickBooks Online’s easy interface.
Prepare and Print 1099s: The Simple Start and Essentials packages do not include 1099 support, although the Plus package does.

QuickBooks Online Convenience

Mobile Apps: QuickBooks Online offers free apps for Android devices as well as the iPad and iPhone.
Access QuickBooks from any Internet Device: If your device can connect to the internet, then you can connect to your business’s financial management system.
Provide Accountant Access: All versions of QuickBooks Online include a feature where up to two accountants can access your data; simply invite the accountants and they can view all financial information about your business.
Enhanced Security: QuickBooks promises to use the “same security and encryption as banks” and protects all data entered online using the latest cloud security software.

Additional Features of QuickBooks Online

Multi-User Support: Multi-User support is available on the Essentials plan (up to 3 users) and the Plus plan (up to 5 users).
Built-In Business Reports: Depending on which plan you chose, you receive 20+ to 65+ business reports each month.
Sync to Payroll Software: QuickBooks Online Payroll is included with the free trial, and users can pair QuickBooks Online with Intuit Payroll software for efficient business management.
Extensive Features for Essentials Users: Essentials users gain access to everything in the Simple Start package as well as automatic invoice rebilling, vendor billing and management, payment scheduling, and more.
Even More Features for Plus Users: Plus users get the full package and have a number of extra features. Those features include the ability to create and send purchase orders, track inventory, prepare and print 1099s, give employees and subcontractors limited access to enter time worked, billable hour tracking for customers, budget creation, sales and profitability reports, and much more.
Simple Start
$12.95/mo
Start your business:
No Setup Fee
Create estimates and invoices
Download bank transactions
Works on PC, Mac, and mobile
Essentials
$26.95/mo
Run your business:
No Setup Fee
Get all Simple Start features
Manage and pay bills
Multiple people can use it
QuickBooks Online Plus
$39.95/mo
Grow your business:
No Setup Fee
Get all Essentials features
Track inventory
Prepare and print 1099s

The Good on QuickBooks Online

Three Different Packages Available

QuickBooks comes in three packages and they vary considerably in terms of features and support options. The basic package, called QuickBooks Online Simple Start, starts at $12.95 per month and offers basic finance management functionality. The second package, called QuickBooks Online Essentials, starts at $26.95 per month and allows for multiple users and advanced payment and bill management. Those who need to track inventory and prepare 1099s may be interested in QuickBooks Online Plus, which costs $39.95 per month. However, “Essentials” tends to be the most popular option.

Free Trial with No Credit Card Required

Free trials always seem to come with a catch. In the software industry, that “catch” often means entering credit card information prior to unlocking the free trial. Fortunately, QuickBooks offers a free 30 day trial that is actually free. You don’t have to enter your credit card information or worry about cancelling your subscription before the free trial period is over. It’s as simple as it gets. Plus, the free trial also gives you access to QuickBooks Online Payroll, which is a powerful payroll management tool.

Online Convenience and the Cloud

You’ve undoubtedly heard of the “cloud” in the past few years because every tech company loves to talk about it. QuickBooks Online uses cloud storage to make your life easier: you can manage all accounting information online over any internet-connected device from anywhere in the world. You no longer have to rely on desktop software on your home computer to enter financial information. Instead, you can do everything from your smartphone, tablet, or mobile device.

Send Unlimited Estimates and Invoices

Estimates and invoices are an essential part of QuickBooks software. Whether you choose the Simple Start plan, Essentials, or Plus, you can send unlimited estimates and invoices to your clients.

Comprehensive Financial Management Features

QuickBooks is designed to be the only accounting tool you need for your business. It comes with powerful financial management tools, including income and expense tracking, bank and credit card account synchronization, check printing, and much more. All information is securely encrypted over QuickBooks’ online servers and the more you’re willing to pay per month, the more features you’ll be able to access.

Easy to Use

As you might already know, QuickBooks became so popular because small business owners stopped wanting to pay accountants so much money. QuickBooks filled a marketplace need by giving business owners an easy way to manage their own finances. Today, QuickBooks continues that tradition by giving business owners a simple interface and easy access to powerful financial management tools. If you’ve used QuickBooks in the past, then you know what to expect. If you’re using it for the first time, then you’ll find an investment that pays for itself month after month.

Great Enterprise Features

While the QuickBooks Essentials plan tends to be the most popular, the Plus plan has features that will appeal to enterprise users and business owners with specific needs. Those features include the ability to create and send purchase orders, track inventory, prepare and print 1099s, self-entered employee hour tracking, budget estimation, and much more.

Connected with QuickBooks Online Payrolls

One of the major reasons why QuickBooks is so popular is its ability to synch with popular payroll software like Intuit. Your free QuickBooks Online trial comes with a trial version of QuickBooks Online Payroll that lets you pay W-2 employees and file payroll taxes according to local, state, and federal laws. Together, this package is a smart business investment that will save you hours of bookkeeping work every month.

Android, iPad, and iPhone Apps

QuickBooks has several fantastic apps available for users on iPhones, iPads, and Android devices. Unlike other software-connected apps, these apps are surprisingly functional. Users enjoy the same simple interface and powerful tools from the convenience of their mobile device. Whether you’re using a tablet, desktop computer, smartphone, or other internet-connected device, you can access your QuickBooks Online data wherever you go.

The Bad on QuickBooks Online

No 1099s Available on Simple Start and Essentials Plans

If you regularly hire 1099 contractors, then you will likely want to subscribe to QuickBooks Plus for $39.95 per month. Unfortunately, the Simple Start and Essentials plans do not allow users to prepare and print 1099s. It’s not a huge complaint, but if you’re a small business trying to trim down costs, then that extra $13 per month can seem like an annoying price to pay.

Online Tech Support Can be Spotty

One of the only major issues with QuickBooks Online is its tech support system. When using the online software, users will see suggested FAQs on the screen in the form of a link. One link might say “What are W-2s?” If you click on such a link, QuickBooks Online directs you to a search page with those keywords listed. That’s not always ideal and you might not find the information you need on-screen. Some users have also experienced problems with QuickBooks customer support, although this seems to vary on a person-to-person basis. Of course, the majority of users will never need to contact tech support.

QuickBooks Online FAQ

Does QuickBooks offer a free trial?

QuickBooks offers a free trial with no credit card required. You can sign up for a free account and begin using the full-featured software right away. Once the 30 day trial period is complete, you’ll be prompted to enter credit card data and continue using QuickBooks as a paid subscriber.

Do I have to re-enter all data after the trial period is over?

Once your trial period is complete, you can sign up to QuickBooks with a brand new account or continue using your trial account as a full subscription. Intuit will delete your data 90 days after your trial is complete, so you have 3 months to decide whether or not you want to buy.

Can I add optional features to my account after signing up?

Yes, you can easily enhance your QuickBooks subscription with optional additional features. Those additional features include QuickBooks Online Payroll (which is virtually identical to Intuit online Payroll) as well as Merchant Services (which lets you accept payments from clients).

Can I import data from Quicken?

You cannot import Quicken data into QuickBooks.

Do I need any special equipment, hardware, or software to use QuickBooks Online?

All you need in order to access QuickBooks online is a computer with an internet-connection. On the QuickBooks website, Intuit recommends the following minimum system requirements:

  • 450MHz CPU with 128MB of RAM
  • Windows 8, Windows 7, Windows Vista, Windows XP, or Mac OS X
  • Adobe Reader 6.0 for printing invoices
  • Internet Explorer, Safari, Firefox, or Chrome internet browsers

Even PCs that are 10 to 15 years old should have those specs, so don’t worry about meeting the minimum system requirements. If you’ve purchased a PC in the last decade, you should be good to go.

Does QuickBooks back up system data?

QuickBooks always maintains two copies of your data in separate locations. All data is automatically backed up every day and stored on “firewall protected, redundant servers” which reduce the likelihood of hardware failure, software failure, viruses, hackers, and other issues.

Can I restore QuickBooks data to a previous point in time?

There is no way to restore QuickBooks data to a previous point in time because QuickBooks constantly overwrites your backup data on a daily basis. You can restore the latest backup from today or yesterday, but you won’t be able to restore a backup from last week or last month.

Can I add payroll services to QuickBooks?

QuickBooks is owned by Intuit. Intuit also makes a popular payroll management service called Intuit Online Payroll. The two services sync with each other very well and it’s easy to upgrade your existing QuickBooks account with payroll support. Simply contact an Intuit sales representative and they can walk you through the entire process. If you do choose to use Intuit Online Payroll and QuickBooks, you should never have to enter the same data twice.

Can I use QuickBooks Online when my internet goes down?

If your internet goes down, then you will not be able to access QuickBooks Online. You can, however, continue to access your bookkeeping information from any internet-connected device (it’s not tied to any single computer).

How does QuickBooks tech support work?

QuickBooks tech support is available from 6am to 6pm PST via toll-free telephone and online chat.

Which types of businesses does QuickBooks cater to?

If you walk around your city today, you’ll encounter dozens of businesses that use QuickBooks to manage their accounts. QuickBooks is popular with all different types of businesses from across the country. From small businesses with a single employee to businesses with 50 employees or more, QuickBooks is the number one small and medium-sized business bookkeeping software for a reason. It caters to a diverse range of users and businesses.

Does QuickBooks offer additional bookkeeping services?

QuickBooks’ most popular offerings are for small and medium-sized businesses. However, businesses with larger needs also rely on QuickBooks. For that reason, QuickBooks offers custom-designed enterprise solutions as well as a ‘QuickBooks for Accountants’ product. In that sense, QuickBooks can easily grow with your business and scale to meet your needs.

Which devices are supported by QuickBooks apps?

QuickBooks has developed specialized apps for Android smartphones and tablets as well as the iPhone and iPad. These apps let you manage your business’s bookkeeping from anywhere you go.

Is QuickBooks easy to use?

When you first start using QuickBooks, you’ll notice its simple menu design and colorful online interface. If you’ve never used accounting software or bookkeeping software before, then it may seem a bit complicated. However, compared to most other bookkeeping tools available today, QuickBooks is easy to use. Once you’ve entered a few expenses and created a few invoices, using the software will seem totally natural.

Does QuickBooks charge setup fees?

QuickBooks does not charge setup fees on any accounts.

Will QuickBooks sync with my bank accounts?

You can easily add bank accounts and credit card accounts to QuickBooks. Your financial transaction data will automatically sync to your account, which is useful when managing project expenses or monitoring charges on your business credit card.

QuicksBooks Online Small Business

Intuit’s QuickBooks is the world’s most popular small business accounting software. In fact, back in the early 1990s, QuickBooks pioneered the industry and helped free small business owners from their accountants.

Today, QuickBooks is used by millions across the country. QuickBooks Online helps businesses manage their bookkeeping over the cloud. It’s fast, secure, and easy to use. More importantly, it’s virtually guaranteed to save time and money for your business.

Here are a few reasons why small business owners love QuickBooks:

Track income and expenses: Income and expense tracking is the most basic bookkeeping feature, and QuickBooks makes it as easy as possible. If your small business is having trouble keeping its income and expenses organized, then QuickBooks is the organizational tool you need.

Create estimates and invoices: Another key bookkeeping software feature is the ability to create estimates and invoices. You can create an unlimited number of estimate and invoices and send them to clients. Your QuickBooks estimates feature your company’s header at the top of the page and provide a professional face for your business.

Synchronize with payroll software: Virtually all of today’s online payroll software integrates directly with QuickBooks. However, some payroll services integrate better than others. Intuit Online Payroll, for example, is owned by the same company as QuickBooks. When using both services for your business, you’ll never need to enter the same data twice. Other popular payroll software like ADP and Paychex also offer QuickBooks synchronization.

Manage your business on-the-go: QuickBooks Online comes with excellent mobile apps for all major mobile devices (Android, iPhone, iPad). These mobile apps make it significantly easier to manage your business anywhere you go. If you and your employees are frequently in the field dealing with clients and sales calls, then these mobile apps can be a lifesaver – especially when tracking expenses or creating invoices. Cloud support means all changes sync in real-time across all internet-connected devices.

Accountant access: Along with adding multiple users to your QuickBooks account, you can also add multiple accountants. By default, all QuickBooks plans come with two accountant login slots. Simply provide the email address of your accountant and that individual will have immediate access to all of your business’s bookkeeping details. This is an extremely valuable benefit when tax season rolls around.

Grows with your business: QuickBooks offers scalable bookkeeping solutions. The most basic plan starts at just $12.95 per month and offers basic expense and income tracking. As your business grows, you can add rebilling features, payment scheduling, billable hour tracking, and even full payroll support via Intuit Online Payroll. In short, QuickBooks can grow with your business and you won’t need to switch to another provider as your business continues to grow.

QuickBooks has plenty of benefits that make it the world’s most popular small business accounting software. Yes, QuickBooks has existed since the 1990s, but unlike other long-running bookkeeping services, QuickBooks hasn’t ignored new technologies. Today, QuickBooks Online takes full advantage of cloud computing and offers extraordinary advantages for any small business.

QuickBooks Online Corporation

Medium-sized businesses often rely on QuickBooks for their bookkeeping needs. As the world’s most popular small and medium-sized business management tool, QuickBooks could be the right choice for your medium business.

The most basic QuickBooks plan only offers income and expense tracking and little else. Medium businesses will likely want to focus on the two higher level plans, which offer a more diverse range of features without sacrificing pricing.

Here are some of the ways in which QuickBooks can help your medium-sized business continue to succeed:

Powerful income and expense tracking: Track all income and expenses for your business using the renowned QuickBooks tracking tools. You can separate income and expenses into multiple departments, projects, and timeframes.

Invoicing and estimates: If your medium-sized business regularly sends invoices and estimates to clients, then you’ll appreciate QuickBooks’ unlimited invoicing and estimate support. QuickBooks lets you easily create professional-looking invoices that proudly display your business’s logo at the top and put your business’s best face forward.

Sync with payroll software: Whether your medium-sized business uses ADP, Paychex, or Intuit Online Payroll, you’ll be able to sync your payroll data with QuickBooks. Payroll service providers know how ubiquitous QuickBooks is in the business world. That’s why most payroll service providers feature extensive QuickBooks integration. Intuit Online Payroll is particularly good at syncing with QuickBooks and you should never have to enter the same data twice.

Support for multiple users: Want to let multiple employees or department managers access your QuickBooks account? You can do that with QuickBooks Online. QuickBooks online includes multi-user support on the two higher level plans. The Essentials plan includes support for 3 additional users, while the Plus plan supports 5 additional users. Employees can download the QuickBooks apps or access the account from any internet-connected devices.

Grow with your business: As your business grows, you may outpace the services offered by other bookkeeping providers. Fortunately, QuickBooks is not one of those providers. Its smallest plans appeal to the smallest businesses, while larger plans can grow upwards with your business. You can even add payroll services to your business (with Intuit Online Payroll) as you continue to expand.

Mobile apps: If you and your employees are frequently out of the office, then the QuickBooks mobile apps are a valuable advantage. Apps are available for Android devices as well as the iPad and iPhone. Employees can use these apps to report expenses or build invoices during a sales call. Even if your mobile device isn’t covered with a QuickBooks app, you can access your account from any internet-connected device using your mobile browser and the QuickBooks.com online platform.

Give everything to your accountant: The days of dropping a binder filled with receipts onto your accountant’s desk are long gone. Today, you can simply type your accountant’s email into QuickBooks to give your accountant full permission to view your account details. By default, all QuickBooks plans come with two accountant email slots, which is a huge advantage when tax season comes around.

QuickBooks is one of the most effective ways for medium-sized businesses to stay organized and competitive. It lets you easily track income and expenses while also creating invoices for clients.

Best of all, you can do all of this from any internet-connected device over the cloud. With plans starting at $12.95 per month, it’s easy to see why QuickBooks is a high-value solution for all different sizes of businesses.

Our Verdict On QuickBooks Online

QuickBooks is the world’s most popular accounting software for a reason. With QuickBooks Online, users experience the same features and functionality they’ve always enjoyed with QuickBooks desktop software – except that everything is available online over the cloud.

QuickBooks Online lets you connect to your business’s accounting system from anywhere you go. There are fantastic apps available for iPhone, Android, and iPad and everything you need is just clicks away from all internet-connected devices. Plus, your information is routinely backed up to secure cloud servers.

With three different plans available, QuickBooks Online can be purchased for just $12.95 per month. Those who need more advanced features and functionality can subscribe to the Essentials and Plus plans for $26.95 per month and $39.95 per month, respectively, although not all users will need the extra features.

QuickBooks offers affordable pricing, online convenience, and extensive business management functionality. For all of these reasons and more, users have come to trust QuickBooks with essential accounting tasks over the years. If you’re looking for an easy and efficient way to manage your business, then QuickBooks Online is an excellent option.

Try the free trial today and learn why QuickBooks continues to be the world’s most popular accounting software.

One comment

  1. I have a small fleet claim processing business with 7 employees. I still use QuickBooks + Enhanced Payroll.

    Based on my experience, it’s very hard to know which software is good until you are well deep into it. A good payroll service should address each of the following.

    Integrated w/ bookkeeping software
    tax tables subscription (Federal & State)
    print checks and stubs
    Print Federal tax forms
    Print State tax forms
    e-file Federal forms
    e-file State forms
    e-pay Federal taxes
    e-pay State taxes (for states that have the option)
    direct deposit option

    Once your efile/epay accounts have been established with the IRS and your State, your payroll software should be able to automate it.

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