Sunday, January 7, 2018

QuickBooks Online pros and cons

We recently published about QuickBooks Desktop detail along with its pros and cons with brief on Excalibur blog. We are now happy to publish about its another tool QuickBooks Online which is slightly different than the earlier one. However, both of them works for the same purpose with different features.

Quickbook online World's #1 Cloud Accounting Software from Intuit. 


If you are looking for one of the best accounting software or tools then you can try this one. QuickBooks Online has few competitors like Insightly, Agile, Accelo, Insightly, Method and ConvergeHub etc.

Let us see how QuickBooks Online performs and what is pros and cons of the QuickBooks online version with different features in it compare to other similar tools.

QuickBooks online pros:

Easy to use the products and back up everything, online.

Manage the basic account details.

You can track your accounts from banks, Credit cards, Paypal, etc. 

Easy to pay taxes and keeps records of all necessary forms from P&L's etc. 

The tool is most reliable and cost effective solution for your accounts and business transaction.

You can login anywhere, any time, follow up on accounting and request payment from clients by sending email option.

It helps to expedite the payment, as email invoice helps the client to make the payment online as soon as possible.

You can keep the business going while on the move or on road by using online features.

It is a best tool for a startup company. 

The price is very reasonable.

Easy to track and manage expenses, invoices, and payments. 

QuickBooks online cons:

Some Desktop feature is missing in online version. It can be fixed.

The setting price levels for different customers is hard.

Little hard to find out to add multiple companies

Need to subscribe for additional service to add this function for other employees / access.

Alternate payment method is required for overseas clients as it is supporting only within country.

The user needs to have a basic understanding of accountancy practices.

Try to read some more online review of the tools to judge before going for it.

Tips: If you are planning to buy a tools that would help your company on various data's of financial transaction then this tool might help you to get things done in an easy and professional manner.
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