Best Accounting Software QuickBooks Online Review 2024

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QuickBooks Online is one of the most popular and highly rated accounting software on the market. Its customer satisfaction rate is exceptionally high. At SoftwaresFact, we gather real user reviews on QuickBooks Online. Our team collects information from various authentic sources and provides all the details in one place. By the end of this post, you will be well-equipped to make an informed decision about whether QuickBooks Online is the right choice for you.

 

First, it’s important to understand some basic concepts :

 

Accounting software is designed to streamline the management of financial transactions, expenses, income, and cash flow within an organization. These tools automate tasks such as managing accounts payable and receivable, creating journal entries, maintaining ledgers, and generating financial reports for departments like finance, human resources, payroll, and more. They also assist with processes like budgeting, forecasting, and investment management.

This type of software helps monitor current finances while analyzing cash flow and revenue distribution. With it, you can track business transactions, invoices, bills, retained earnings, taxes, compliance, and more. It also allows for the management of cash flow, debt repayment, and the handling of amortization or depreciation. Additionally, it can integrate with payment processing systems or banking platforms for seamless data exchange.

QuickBooks Online Reviews

 

Julie B.Assistant to the Director of Finance9/26/2024

Advantage

Makes doing HR and Payroll timely and without headaches.

Disadvantage

When you are transferring positions from one to another, you must have full administrative access to do all the functions or someone else able you who has those privledges must grant them to you. It can make daily tasks slower when transferrance has not been made fully complete.

View Source Julie B.Assistant to the Director of Finance

Advantage

Makes doing HR and Payroll timely and without headaches.

Disadvantage

When you are transferring positions from one to another, you must have full administrative access to do all the functions or someone else able you who has those privledges must grant them to you. It can make daily tasks slower when transferrance has not been made fully complete.

View Source Verified UserMid-Market(51-1000 emp.)9/19/2024

Advantage

Ease of use, easy to implement into our already established systems, makes reporting simple

Disadvantage

I do not like the new updated version, I always switch back to old version when viewing reports and GLs.

View Source Verified UserSmall-Business(50 or fewer emp.)9/11/2024

Advantage

Well, it solved many problems, it is easy to use and powerful in creating the financial statements

Disadvantage

I do analyze financial data and sometimes I do record accounting items, so the ability search for items; additionally, the setup might be chanellging at the beginning

View Source Sarah NamutebiAccounts Specialist9/26/2024

Disadvantage

Arcel was very good and took her time to try and solve the issue. But the issue was not resolved. Quick books needs to make provisions for currencies that have much lower value than dollars require much more decimal places inorder to balance out. Alternatively, there should be a provision to do exchange rate in reverse USD to Foreign currency instead of current Forenign currency to USD which requires very many decimal places to get the currency correct. Example converting $5000 to UGX when rate is USD to UGX 3711 is harder to do with currrent QB exchange rate UGX to USD which is 0.0002707092582 to get the amount that reflects on bank statement of 18,470,000

View Source LouiseAccounts Specialist9/26/2024

Advantage

I had quite a complex query relating to transferring a charity to a new charity vehicle which means a new set of books. The help desk person I spoke to (Leela) was extremely knowledgeable and understood straight away each issue or query I brought up and knew the solutions.

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