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Quickbooks 2024 Review

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Voted #1 in accounting software for small business.

Read what our experts have to say about Quickbooks.

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QuickBooks is an accounting software package developed and marketed by Intuit. Their products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.

Last update: 23 March 2023

About this review

This Quickbooks review is written based on the feedback of the accounting software experts that we interviewed.

We interviewed each one of them and ask them about their previous experience with accounting software and which one they recommend using. The ones listed in this article have specifically mentioned Quickbooks as one of their favorite tools.

The goal of all of this is to make it easier for you to find the right accounting software for your business.

Let us know your thoughts in the comment section.

About Quickbooks

Quickbooks is an accounting software that helps businesses streamline their finances. It allows you to manage your accounts receivable, inventory, payroll and other financial tasks with ease.

Quickbooks also offers a range of reporting capabilities so you can stay on top of your business’s performance. With its user-friendly interface, Quickbooks makes it easy to keep track of your finances and make sound financial decisions.

The software is designed for small and medium businesses but can be scaled up as needed.

In addition to helping you better understand your business’s financial picture, Quickbooks helps automate bookkeeping tasks such as invoicing and tracking payments while freeing up time for more strategic work.

Whether you’re just starting out or have been running a successful business, Quickbooks packages offer a great fit.

Comparison

How does Quickbooks compare to other similar programs?

When compared to other similar programs, Quickbooks stands out for its ease of use.

It makes the process of managing your finances simple and straightforward, which helps you save time and money.

Additionally, Quickbooks offers advanced features such as automated payment reminders, inventory management tools and an array of customizable reporting options.

The software also provides a variety of integration options so you can easily connect it to other applications and services. This allows businesses to better understand their financial picture and make more informed decisions about operations.

Pros and cons

What are some of the unique features that Quickbooks offers its users? Are there any drawbacks to using Quickbooks?

  • The software offers an array of features that make managing accounts receivable, inventory, payroll and other financial tasks easier than ever before.
  • Additionally, it provides powerful reporting tools to help you stay on top of your business’s performance and make informed decisions about operations.
  • Quickbooks also integrates with a variety of applications and services for an even more streamlined experience.
  • If you’re looking for an easy-to-use accounting solution that provides all the necessary features needed to successfully track expenses and manage profit and loss statements, then look no further than Quickbooks.
  • The software can become difficult to use as your business grows and requires more advanced features.
  • Additionally, many users have reported that the customer service team isn’t always helpful or responsive.
  • Also, some integrations may require additional fees or setup costs.

Conclusion

Should you use Quickbooks?

Overall, Quickbooks makes managing business finances easier than ever before with its user-friendly interface, powerful features and wide range of integrations.

Whether you’re looking for a comprehensive accounting solution or just need help tracking expenses, Quickbooks has you covered.

With its advanced capabilities, Quickbooks helps you streamline your finances and keep more of your profits.

What The Experts Say

Find out what each expert had to say about Quickbooks.

Amanda Evans

Managing Partner - Tight Ship, LLC
✓ QuickBooksQBO is nice because most accountants are familiar with it and can access your account directly through it, no need to send backups or company files for them. It is also nice that a lot of CRM and other productivity apps sync with it. The downside, and I will scream this from the rooftops, the customer service SUCKS. Even as a Advanced Quickbooks advisor and Authorized Quickbooks Service Provider (reseller), the service still is awful. Also, their 1099 feature is a bit clunky as well. Reporting is limited, but will do for your needs.✓ XeroXero is great. Your accountant can access it, has all of the reports that QBO as and so much more. You can quickly categorize your transactions with their cash coding option, so that makes reconciliation a breeze. A shit ton of apps work with it (mostly because their API is so simple, lots of software folks can easily integrate). You get free HubDoc (digital document retention system) with your subscription. Price is comparable to QBO as well (if not a bit cheaper). 1099 feature is very nice. Their customer service is KICK ASS. Downsides, if you input an expense into the wrong bank account, you cannot simply select to move it to a different one. You need to delete and re-do. There isn’t a clear audit trail report available. Your accountant may or may not be familiar with it.✓ WaveWave apps is nice because it is free, has integrated invoicing and payment collection. Which, for a free app is super nice. You can upload receipts into it, bank feeds come into it, has basic P&L and Balance sheet. But the only downsides are their reporting isn’t as robust as Xero or QBO, and the reconciliation feature is a bit clunky. Sometimes, if you delete a transaction, it will delete one side of it, and not remove both the credit and the debit side. So that can leave your balance sheet unbalanced. (to an accountant, this is a nightmare).

Alex Williams

Website Builder and Owner - Hosting Data UK

✓ QuickBooks
At Hosting Data, an online web hosting comparison site for UK users, we use Quickbooks Online for all our accounting needs.

Quickbooks is a great, cloud-based service offering both accounts receivable and accounts payable features, with an easy to use mobile app, it can be accessed at the tip of your finger. Being able to create and issue an invoice from your phone is extremely useful as a small tech business working with other small to medium sized businesses.

QuickBooks offers a one-month free trial which was really great when trying out various accounting software options. As your business grows, QuickBooks offers a tier-based service plan to provide the level of support you require over the years, it’s great value and dependable which is paramount to a small business.

✓ FreeAgent
FreeAgent is aimed at freelancers and very small businesses meaning it has slightly fewer features compared to Quickbooks. FreeAgent can support tasks such as invoicing, time tracking, and expense management, all available via the cloud. It is slightly more expensive than Quickbooks with less functionality.

✓ Wave
Wave Accounting provides a totally free option, offering high level invoicing, accounting, and receipt scanning, with additional services including payroll on a pay-as-you-need type basis. Wave Accounting was pretty good considering it’s free of charge, but it offers no reporting function with HMRC meaning there was some manual processing involved.

Ollie Smith

Chief Executive Officer - Card Accounts

✓ QuickBooks
In my opinion, the ‘QuickBooks Pro’ is the best accounting software right now. This software provides my business with an easy-to-use, efficient accounts receivable, accounts payable and payroll function. All of this means I can effectively plan my invoicing and billing system, all of which has helped me to improve my money management.