QuickBooks Enterprise Pricing, Features, Reviews & Comparison of Alternatives

Pros
Not only does quickbooks make bookkeeping seem accessible to anyone with the slightest grasp of numbers, the apps make it easy to keep books up to date on the road. It is only as useful as the the effort you put into the software. It's not exactly intuitive, but there are many resources to support you as you learn. It's very easy to find a Quickbooks bookkeeper to work with that can support your business if it's not your speciality while making the transactions easy for both parties. Specialty apps can add to the functionality of Quickbooks increasing the power of this software.

Cons
Because the detail pulled from the bank can sometimes be quite homogeneous, QBO will try to categorize "Wire" transactions or "checks" to the latest transaction payee. Creating rules to ignore the transactions is tedious and can be confusing to new users of the software that may not realize that its matching to previous transactions. The new model of "tiering" users and how many functions they access seems a bit suspect to me, but so far, we have not reached any limits so I don't know how this will impact us, if at all.

Rating breakdown

Likelihood to recommend: 9/10

Pros
It seams to be very intuitive (no pun intended) in its use. It also is easy for me to send the company file electronically to my accountant for year end Tax purposes. My accountant actually recommended quickBooks many years ago and have using it for well over 25 years, and for two different businesses during that time. It is also worth noting that I have upgraded about every two to 4 years and have not had any problems loading the company files into the newer version.

Cons
About the only thing I did not like was customer service. When I did have to call them with a particular problem, they wanted to charge me for it. Even when it was clearly a defect in their software. With a small company and not needing to use all the bells and whistles the software is capable of, I opt to not have the support included but they do have the (paid) option for those that may need frequent support.

Rating breakdown

Likelihood to recommend: 10/10

Pros
QuickBooks gets points with me for being basically THE standard for bookkeeping software. You can bring it to any bookkeeper or accountant and expect them to know exactly how to handle it. That's worth a lot when dealing with people who typically charge more than $60/hour for their time. I use the online version (QBO) and I also like that I can open my books on any device anywhere. Moreover, while I've used a handful of different bookkeeping softwares, QuickBooks is the most intuitive (for me).

Cons
QBO has some problems that are causing issues with my books. I've been to 2 different accountants with my problem and neither has been immediately able to tell me what's wrong, but it's most likely something to do with duplicate entries. My books should be relatively straightforward, but I experience discrepancies of anywhere from several hundred to several thousand dollars, and it fluctuates frequently. This is very distressing and may end up costing me a lot of money to sort out.

Rating breakdown

Likelihood to recommend: 7/10

Pros
The software allows users to handle a variety of financial records, including sales receipts, payments, tax forms, invoices and inventory accounting records. Because Quickbooks is so easy to use, most tasks can be carried out without in-depth knowledge of accounting procedures. Manage your finances anywhere, you can track sales, create and send invoices, and know how your business is doing at any time. Best of all, your information is automatically backed up. Access and manage your books from your computer, laptop, tablet, or smartphone anytime you choose. Create access privileges so that your colleague or accountant can login and work with your data online. Know exactly how much money you have and how much you owe at any moment - your data is synced and backed up automatically. You can even photograph and save receipts with the QuickBooks Online mobile app. Create custom, professional invoices, sales receipts and estimates that you can send in minutes. Instantly see how your business is performing with customizable reports and dashboards. If you need help, support is available with answers to your questions and information on running your business.

Cons
Although QuickBooks provides an audit trail for most of the information, there are some situations in which financial information can be changed without leaving any kind of documentation. Depending on how a customer uses the software, another potential problem is that Quickbooks does not come with a section on fixed assets. Also in order to keep the software up to date, there are a number of costly improvements that entrepreneurs may have to buy. Normally, these updates are only needed once a year in order to receive the most current payroll and other services. While the online service offers fewer features than the desktop version of the software, the most serious drawback is the history of extended outages. Also the extensive features of QuickBooks can be overwhelming for some smaller companies, as they can make the software more difficult to use and understand. QuickBooks is also better suited for double-entry bookkeeping, even though many small businesses use it for only one.

Rating breakdown

Likelihood to recommend: 10/10

Pros
Quickbooks is universally known, compatible with many banks and third-party apps, and can be quite helpful for small businesses. You can customize reports, memorize transactions, and make use of many other time-saving features. Once you get comfortable, you can very quickly manage your accounting and see where your business stands. Also, since it is so popular, there are numerous websites that share helpful tips and tricks.

Cons
There is a steep learning curve for most users. You will not feel comfortable with it for the first few months. Since it is so popular, however, you can search for nearly any task and find several websites that explain how to perform a task. As a CPA, sometimes I just wanted to see the transaction behind the curtain and it can be difficult to see that. Also, remote access for an external accountant or off-site employees is cumbersome and can require paid assistance.

Rating breakdown

Likelihood to recommend: 10/10