After testing Xero and QuickBooks, it’s clear that the platforms offer strong features and will serve SMBs well. The ability to integrate Xero and QuickBooks with many business what is qbo software platforms pays dividends quickly. You can also enter and track invoices and expenses, connect bank accounts, receive payments, manage taxes, payroll and inventory and receive detailed reports that can help you track cash flow. When we tested the software, we were impressed by QuickBooks Online’s inventory features.

Figure out your tax needs

The Android and iOS applications allow users to send invoices, reconcile transactions, scan and upload receipts, upload documents and images, track payments and monitor cash flow. With user-friendly dashboards and detailed reports, small business owners can view key financial information at a glance. You can customize the dashboards in Xero and QuickBooks to show the data that’s most important to you. You can add widgets for checking accounts, cash flow, monthly outlooks, upcoming bills and invoices, to name a few. We appreciate that QuickBooks Online uses bank-grade security to protect your data and that you can enable two-factor authentication.

Financial Reporting

Setting up QuickBooks Desktop POS might seem daunting, but it’s more straightforward than you’d think. First things first, ensure your computer system meets all the necessary software requirements. QuickBooks provides comprehensive setup guides to follow; make sure you have these handy during installation. Unlock the full power of your technology with a Salesforce-native integration for QuickBooks Online. Gain comprehensive visibility of your QuickBooks Online data within Salesforce, automate processes, and protect the integrity of your financial data.

QuickBooks Online Review 2025: Pros, Cons, Alternatives

For example, the app includes built-in mileage tracking, which is crucial for traveling freelancers who claim mileage or car expenses as a key tax deduction. The app also scans receipts and tracks expenses, which the software then sorts by tax write-off category. Plus, QuickBooks Self-Employed syncs with TurboTax (which is also owned by Intuit) to make tax filing a little simpler.

Desktop-based software programs like QuickBooks Enterprise work well for business owners with limited internet access, such as businesses that depend on metered satellite internet. Past desktop users could choose between a one-time-purchase QuickBooks Desktop software (good for three years) or an annually renewing subscription. But as of 2022, QuickBooks Desktop’s single-purchase option has been discontinued. Now, all QuickBooks Desktop plans renew on an annual basis—you do not have the option to pay just once for three years of use.

• The Plus Plan is $45 per month for the first three months, then becomes $90 per month, and adds up to five users.
• If you need accounting software to run and grow a business, QuickBooks is the more robust choice.
• Additionally, small business owners can utilize YouTube tutorials on QuickBooks for help with their growing companies.
• It’s a cloud-based solution that lets you run your business anywhere with internet access.

You can categorize them as business or personal, add notes or purposes and generate reports that show total miles driven and the estimated tax deduction based on IRS mileage rates. QuickBooks allows you to create and send branded invoices (one-time or recurring) from any device and accept online payments via credit card or ACH. The system automatically syncs payments to match open invoices and can send scheduled reminders for unpaid balances.

Check out our quick quiz to see if another solution may fit your business better. Other options are well worth considering, too, since they offer different strengths for different business models. You’ll also want Bookkeeping for Startups to add integrations with any other business software service you already use.

In short, our hands-on testing of QuickBooks and its peers uncovered that this solution has the technology and ease of use to suit small businesses of all https://www.bookstime.com/ kinds. QuickBooks cloud accounting software gives you access to your business finances from your smartphone with the QuickBooks mobile app. Note, each QuickBooks Live offering requires an active QuickBooks Online subscription and additional terms, conditions, limitations and fees apply. For more information about services provided by Live Bookkeeping, refer to the QuickBooks Terms of Service. In addition to protecting your data, cloud computing offers numerous perks that will help you boost your productivity and your business’ bottom line.

Intuit QuickBooks Online

Enerpize outperforms other accounting software options by offering a comprehensive array of features tailored to auto repair shops. Then, we looked for unique features that not every provider might offer but that we considered to be nice-to-have options for accounting software. These included multicurrency support, invoicing, bill payment, document management and offering training for the software use. Again, these were judged by whether they were included automatically in the plan, as a paid add-on or not at all. Accounting software needs to be feature-laden for it to be useful for a small business, and that’s what we looked for when considering QuickBooks alternatives.

• You can also enter and track invoices and expenses, connect bank accounts, receive payments, manage taxes, payroll and inventory and receive detailed reports that can help you track cash flow.
• You can respond to transactions as they happen, thus avoiding potential financial pitfalls.
• Payroll is available as standalone software or as an add-on module for other products.
• Its cloud-based subscription service offers helpful features at different plan levels, but all plans are extremely expensive compared to other options.

Find better features for building your business

Finally, make sure you’re logged in as an administrator on your computer, as this will prevent any permissions issues during the migration. QuickBooks Online does not fully support the Zimbabwean Dollar (ZWL) as a home currency. Businesses often default to USD for accounting purposes, which may not align with daily local transactions. Yes, you can move data to QuickBooks Online from Sage 50 (US edition). Small business owners get more deductions with AI-powered expense tracking and receipt matching. Create roles and assign the required permissions to get greater control over your team’s access to sensitive information.