QuickBooks Online Accountant Review: Features & Price

The Plus plan scored only 3.8 out of 5 in our Value metric, which compares the software’s cost with its rubric score before considering pricing. I believe the lower-priced Simple Start and Essentials tiers offer a better value for small businesses that don’t need the advanced features of Plus. This includes adjusting entries and mapping account balances to specific tax lines. This feature lets you create projects or tasks and assign them to your team members. One of the most useful features is the ability to create recurring projects, which makes sense as accounting professionals often manage projects that are repeated regularly.

Financial management in demand

This cloud-based software, developed by Intuit, offers a comprehensive solution that caters to various business needs. From startups to established enterprises, many have turned to QuickBooks Online to streamline their financial management. Tim worked as a tax professional for BKD, LLP before returning to school and receiving his Ph.D. from Penn State. He then taught tax and accounting to undergraduate and graduate students as an assistant professor at both the University of Nebraska-Omaha and Mississippi State University.

Bookkeeping and accounting reports

• QuickBooks Online, while suitable for small businesses, offers basic inventory management.
• Fortunately, the interface is easy to navigate and has an organized dashboard where you can find the features you need easily.
• Clients in the system are part of the secure message center where you can send direct messages and requests for information to your client.
• These augmenting tools could be the key to fulfilling your specific business needs, making QuickBooks Online a suitable, adaptable choice.
• It shows historical cash flow data, so you can understand when they need to spend or save.
• The primary features are tracking income and expenses, paying bills, invoicing customers, and running reports to prepare a tax return.

In the past, customers could choose between annually renewing plans and single-purchase software with a license that stayed valid for three years. If you purchased a Desktop Pro plan in 2021, your software will still work until 2024—but new customers who bought the 2022 software version can only choose annual subscriptions. QuickBooks Online has been part of the Intuit accounting software family for a few decades now. Since QuickBooks Online is browser-based, not desktop-based, you can log on to your Quickbooks Online account from any web-enabled device with a sturdy internet connection.

Accounts Payable

I have several years of experience in accounting software evaluation and quickbooks online accountant review 2023 providing small businesses with reliable, expert insights. Accountants have complete access to a company’s books when using QuickBooks Online Accountant. They can run trial balances, export data for taxes, void or delete transactions and reclassify transactions in bulk to save time. All three options have a mobile app to make meetings with clients convenient and help you stay abreast of data while away from your computer. Today’s leading accounting platforms offer standard security features such as data encryption, secure credential tokenization and more.

Streamlining compliance and unlocking new business opportunities in the year ahead

You can also create banking rules to further streamline reconciliation and categorization. We loved seeing that the software is capable of pulling vendor names from a jumble of unorganized bank data; such a feature saves you the trouble of doing this tedious work manually. You can download a 30-day trial version of QuickBooks Desktop Enterprise only—both the Premier Plus and Pro Plus plans come with a 60-day money-back guarantee, but no free trial. Just know that doing so waives your option to get 50% off your QuickBooks Online subscription for your first three months. QuickBooks Online and QuickBooks Desktop are two solid accounting products from Intuit. While both software types have plenty of perks, QuickBooks Online is a more flexible, affordable, and scalable option for most small-business owners.

• It allows seamless access to client books, making it easy to manage transactions, review records, and make necessary adjustments.
• QuickBooks Online Accountant is a cloud-based practice management software tailored to accounting professionals handling clients who use QuickBooks Online.
• QuickBooks Simple Start includes free guided setup, though this feature isn’t available for users who choose the free trial.
• For example, it allows income and expenses to be assigned to projects but lacks advanced tools like job costing and phase-specific reporting, which are critical for detailed project management.
• Our user review score is the average user review score reported by Capterra and G2.

QuickBooks Desktop: Best for industry-specific reporting

QuickBooks Online has a true bank reconciliation feature that allows you to reconcile your bank accounts even when timing differences exist, like outstanding checks and deposits in transit. Some less expensive software, like Wave, claim to do bank reconciliation but don’t allow for any reconciling items. They require your bank account and books to be exactly the same, which is problematic if you record transactions in your books as they occur. If QuickBooks makes a mistake in matching, it’s very easy to undo the match and manually indicate the correct match. QuickBooks Online Plus also allows me to track income and expenses by class and location, as well as create and add custom tags to transactions.

QuickBooks Online Accountant is a way for accounting firms to grow their business with a reputable and reliable software partner. Read our in-depth QuickBooks Online Accountant review to find out if this cloud-based solution is right for you, based on features, pricing and more. However, for most companies, QuickBooks Online stands out as the superior choice, particularly for teams with remote accountants or multiple employees needing seamless collaboration. Simple Start uses a double-entry accounting system, letting you track assets—like bank accounts—and liabilities, such as credit card balances and loans.