Published December 22, 2021 by WC Team

Quickbooks Online Review: Features, Pros, And Cons For 2021

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Quickbooks Online Review: What You Need To Know

QuickBooks Online is a well-known company accounting solution on the market. On the other hand, QuickBooks Online may not be the ideal answer for every small business.

In this QuickBooks Online review, we'll look at the scope, plans, features, add-ons, and price of the service. We'll also discuss the benefits and drawbacks of QuickBooks Online, as well as other top accounting software options.

QuickBooks Online Review: The Basics

QuickBooks Online is a cloud-based accounting program that assists small company owners with bookkeeping and accounting. 

QuickBooks Online allows you to access your accounting platform from anywhere as long as you have internet access, as opposed to the classic QuickBooks Desktop, as well as from your mobile device. 

QuickBooks Online is accessible via a variety of web browsers and the downloaded QuickBooks Mac or Windows program.

QuickBooks Online is available in four different pricing levels on a monthly subscription basis. Each QuickBooks Online plan has additional features and, as a result, a higher degree of capability. 

QuickBooks Online Features

All QuickBooks Online plans have the following features and capabilities:

QuickBooks Online Review: Subscription Plans

QuickBooks Online membership options are divided into four categories: Simple Start, Essentials, Plus, and Advanced. The features included in your QuickBooks platform are determined by the package you select.

QuickBooks Online Simple Start

This is the most basic of the four designs. This plan enables you to execute basic accounting duties and is intended for sole proprietorships, extremely small firms, or new businesses.

Pricing

The Simple Start plan costs $25 per month and is the cheapest QuickBooks Online subscription. However, you may save 50% on QuickBooks Self-Employed for a limited time.

Capabilities

Aside from the fundamental capabilities mentioned above, the Simple Start QuickBooks Online package allows you to: 

QuickBooks Online Essentials

At a larger monthly fee, this plan provides more features, notably for bill management and time monitoring. 

The Essentials Plan is ideal for people who want more than the Simple Start plan offers, especially if they bill for their time.

Pricing

The Essentials Package costs $50 per month and is twice as expensive as the Simple Start option. QuickBooks, like Simple Start, is giving a limited-time discount of 50% off the first three months of your membership.

Capabilities

The Essentials plan, in addition to the capability of the Simple Start plan, can: 

QuickBooks Online Plus

The Plus Plan is more expensive than the Essentials Plan, but it includes inventory and project management features to broaden the scope of your accounting software. 

This plan may best suit small to medium-sized organizations, particularly those who wish to maintain inventories and handle a wide range of company operational duties in one location.

Pricing

QuickBooks Online charges $80 per month for the Plus package. However, just like the Simple Start and Essentials Programs, the Plus plan is presently 50% discounted for three months.

Capabilities

All of the features of the previous two plans are included in the Plus plan, as well as the following opportunities:

QuickBooks Online Advanced

The Advanced package is the most comprehensive and expensive QuickBooks Online option. 

QuickBooks Online Advanced has more in-depth tools and capabilities for automating and optimizing business processes, making it a better fit for growing or larger small businesses that require significant functionality from their accounting software and can afford a higher monthly cost.

Pricing

The most costly of the four programs is QuickBooks Online Advanced, which costs $180 per month. With QuickBooks' limited-time offer, you may get the Advanced plan for 50% off for three months.

Capabilities

QuickBooks Online Advanced plan includes all of the features of the previous three levels, as well as:

QuickBooks Online Review: Add-Ons

QuickBooks TSheets

TSheets by QuickBooks is the second QuickBooks add-on worth mentioning. In contrast to QuickBooks Payroll, you must have at least the Essentials plan to use this QuickBooks add-on.

QuickBooks Online Payroll

QuickBooks Payroll may be linked to any QuickBooks Online plan choices for a fee. There are two options: 

Self-Service Payroll and Full-Service Payroll. Both these services allow you to conduct payroll on your timetable, pay employees and contractors via free direct deposit, and file federal and state payroll taxes.

Pros of QuickBooks Online

Features

Overall, QuickBooks Online boasts a comprehensive feature set—including everything from invoicing to taxes—as well as the flexibility to use their software wherever you go, making it a viable alternative for businesses of all sizes.

Accessibility

Although QuickBooks Desktop is a comparable software, one of the most significant benefits that QuickBooks Online has over this solution and Quicken is the ease of use. You may access your software using any online browser, as well as a desktop app, a mobile device, or a tablet.

Add-Ons

Another significant advantage of QuickBooks Online is the ability to add-ons and integrate with third-party applications. You may link QuickBooks payroll choices to any of the QuickBooks Online plans, as well as hundreds of other third-party bookkeeping, productivity, and accounting applications.

Cons of QuickBooks Online

Usability

Don't get us wrong: QuickBooks Online is a rather simple accounting system. QuickBooks Online may be set up fast and easily, and many accountants and bookkeepers are already accustomed to the QuickBooks interface.

Costs

Aside from the cost discounts, QuickBooks Online isn't the most economical accounting software on the market. FreshBooks and Sage both provide comparable accounting services at a lesser cost. Furthermore, several suppliers, including FreshBooks, provide yearly savings that QuickBooks does not.

QuickBooks Online Review: Top Alternatives

Accounting software from Xero

Consider Xero accounting if you're seeking a web-based alternative to QuickBooks Online. Despite being a newcomer to the industry, Xero has swiftly established itself as one of QuickBooks' main rivals.

Xero, like QuickBooks, links to hundreds of third-party applications, has a mobile app, and many subscriptions to select from.

The functionality of the three Xero plans—Early, Growing, and Established—differ, with the Established plan having the most extensive capabilities. Depending on the plan, these plans are available for a monthly membership charge of $9, $30, or $60.

QuickBooks Desktop software

If you're searching for a locally hosted solution with even more capability for your business accounting and related procedures, QuickBooks Desktop is a viable option.

Furthermore, many QuickBooks Desktop solutions are offered for a one-time fee or on an annual subscription basis, which you may prefer to the monthly fee of QuickBooks Online.

The Bottom Line

QuickBooks Online can effectively service a wide range of organizations, and it is one of the most popular small company alternatives for a good reason. 

With comparable software on the market, you may discover that Xero, Wave, FreshBooks, or another option is better for your company.

Finally, if you've gone through many QuickBooks Online reviews, as well as reviews for alternative accounting systems, and you're still unsure, take advantage of the available free trials. 

You'll have a better feel of whether a certain accounting software will meet your business demands if you try it out for yourself.

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