QuickBooks is an accounting software package developed and marketed by Intuit. Their products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions. Voted #1 in accounting software for small business.
Features:
- Track income & expenses.
- Send custom invoices & quotes.
- Snap & store receipts.
- Connect with your bank.
- Manage pay-roll.
Pricing:
- The Self-Employed plan starts at US$15 per month.
More About Quickbooks
Quickbooks Reviews
Find out what each expert had to say about Quickbooks
Curtis Bickler
We’ve used 2 platforms over the past 5 years for our accounting: Wave and Quickbooks.
I can give some pros and cons of each:
✓ Wave Accounting Software:
Pros:
– Free to use & start
– Easy to use for those not familiar with accounting
– Easy automatic reminders for overdue invoices
Cons:
– Some limitations for online management of past records
– No android app when we were using it (unsure of now)
– Missing some smaller features that Quickbooks makes standard like mileage tracking
✓ Quickbooks Online:
Pros:
– Better record keeping options: detailed matching & reconciling of records to payments, online search options, etc.
– Due to it’s popularity, easier to find bookkeepers & accountants familiar with the system
– Plenty of features to dig into.
Cons:
– No free model to start – can be discouraging for new businesses
– Bit of a learning curve & can be time consuming – learning how to reconcile payments, how products & services work, etc. Almost too many options.
– Recurring invoices can be a bit unusual / inconsistent.
Ella McKendrick
✓ Quickbooks
We would recommend Quickbooks for the following reasons:
1 – It’s low cost. We pay around £15 per month which makes it cheaper than the price we were previously paying for Sage Accounts 50.
2 – It integrates with other software such as Hubdoc. Hubdoc is a great time saver as we get most invoices via email and then forward them to Hubdoc. Hubdoc then scans the invoices and extracts all the data such as supplier, goods description, VAT rates and totals and with a single click publishes these to Quickbooks. It also uploads a copy to Quickbooks and also a backup copy to our cloud storage.
3 – It’s easy to fix errors. Everyone makes mistakes so it’s great that Quickbooks makes it so easy to make changes to past postings in order to fix any errors.
The downsides of Quickbooks would be:
1 – The support is not as good as it could be with long wait times for more difficult issues. In the past we’ve chased support after 6 days with no responses. On the plus side though it’s very rare that you have to contact support as it’s all pretty easy to use.
2 – You can’t export your data to back it up yourself which means you can’t restore a previous version of your data should things go wrong. However, they do have a good audit history feature should you need to manually undo errors.
On balance we’ve been very happy with Quickbooks Online and plan to continue to use it for the foreseeable future.
Sarah Cissna
✓ QuickBooks Simple Start
I originally was using QuickBooks Self-Employed in conjunction with my husband who is a freelancer, but it was difficult to separate out just my business’s transactions from our collective transactions, which was frustrating in terms of running reports. I switched to Simple Start with just my business accounts at the start of calendar year 2019 and had a much easier time reporting and tracking throughout the year. I also use the invoicing and payment features. I wish it was more intuitive to create invoices ahead of time to be sent at later dates, but I’m slowly figuring it out.
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Quickbooks FAQ
What is Quickbooks?
Quickbooks is a cloud accounting software.
Is Quickbooks any good?
Our experts voted for Quickbooks as the #1 accounting software for small businesses.
Is Quickbooks free to use?
Quickbooks offers a free 30-day trial.
What are the best features of Quickbooks?
Track expenses, customise invoices, run reports and even more all from one place.