QuickBooks Other Advice

Dana Bakker - PeerSpot reviewer
Director of Finance at Nourishing Hope

If you operate a small organization, QuickBooks will do everything you need. From my understanding, the solution's setup phase is very easy to set up. As long as you are not a large organization with complicated accounting processes, QuickBooks will work exactly how you need it, especially in favor of those people who run small businesses and don't have an accounting background.

I rate the overall solution a six out of ten.

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MichaelFox - PeerSpot reviewer
Sage Intacct Implementation Specialist at Maner Solutions

My advice to people who are considering QuickBooks is to think about the future. If you have a company that is going to grow and you plan on adding different entities and different product lines, I would recommend choosing another software platform. Even if that means spending more, it will be worth it in the long run. QuickBooks is good for small companies that don't have multi-entity requirements. It is good for single-entity companies because the scalability of it is really poor. Overall, I would rate QuickBooks a six out of ten. It's a lower tier. It is designed for smaller, sophisticated places. 

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Jeanne (Miller) Tarazevits - PeerSpot reviewer
Inventory Expert & QuickBooks Expert • Operations Management • Materials Handling Supplier Contract at TaraByte Solutions

It is a good solution for the entry-level. It almost gives you a feeling of doing accounting without knowing you are doing accounting. I would rate it eight out of ten.

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Buyer's Guide
QuickBooks
April 2024
Learn what your peers think about QuickBooks. Get advice and tips from experienced pros sharing their opinions. Updated: April 2024.
768,857 professionals have used our research since 2012.
Babawale Awojinrin - PeerSpot reviewer
IT Operations Manager at Healthplus limited

For new people coming into QuickBooks, it should work on their support and have people in different time zones. Users escalate issues to the international team and ensure someone can resolve the issue quickly. It is a great application for accounting, especially for point of sale and not looking to scale beyond 30 stores. I rate the overall solution a seven out of ten.

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MR
CFO at Make The Switch

I would rate QuickBooks as a solution for small to medium businesses a ten, on a scale of one to ten, with one being poor and 10 being excellent.

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KI
Consultant

The solution is perfection. There's no software out there quite like it.

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Ashfaq Muhammad - PeerSpot reviewer
Remote Bookkeeper / Accountant at Freelance

I would recommend QuickBooks, as it is easy to use and provides a user-friendly dashboard and settings, but there is room for improvement in certain features. While it is considered flexible for newcomers, it is essential to either receive training or consult with a professional when implementing new tools to ensure effective and accurate use. I would rate it eight out of ten.

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Hamza Munir - PeerSpot reviewer
Quickbooks Bookkeeper at Nozak Enterprises Inc

It is recommended for small to medium-sized businesses in the UK and USA, with its suitability depending on the specific needs of the business. I would rate it nin out of ten.

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Mimi Evans - PeerSpot reviewer
Owner/Operator at Fearless Bookkeeping Services LLC

My advice to others is to consult a consultant, accountant, or somebody that's familiar with the software. There's will be less likelihood of duplications within QuickBooks Desktop. However, the online version has more automation. If you're going to use QuickBooks Desktop, you kind of have to go in with the mentality that you're not looking for automation.

I rate QuickBooks Desktop a seven out of ten.

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AV
Head of Finance and Business Intelligence at a tech services company with 11-50 employees

I'm not sure which version of the solution I'm using. 

Even though it works fine out of the box, I would advise others to spend a bit of time and money just customizing it to ensure it works appropriately for the business.

Overall, I would rate it nine out of ten. I've been pretty happy with its capabilities. 

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PB
IRS Registered e-File Provider / Tax Preparer & Consultant at Paula Byrd Tax Services

This solution allows us to outline exactly what data, financial statements, inventory, job costing/budgeting, AP/AR, wage and hour, tax planning/forecasting, or information needed to allow owners and management to make educated business decisions regarding efficient and effective management of business operations, cash management, marketing/sales force management, asset purchases, etc.

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MO
QuickBooks ProAdvisor at a consultancy

Intuit really wants its customer to be happy with the product and to be able to use it. And, as an extension, when I teach people to use Desktop, I'm a reference too that they can call, and I use telephone conferencing so that I can look at their screen, and see what's going on and say, "Oh, you've got to move this from there to there, and it just doesn't make sense, so let's figure out a way to move this up."

QuickBooks, you can get it either on disk, or you can get it to download over the Web. They have a whole lot of security passwords, licensing agreements, so that your data and your program is safe. 

And then they have, "Let's walk you through it," introductions, to show you how to use it. And they even thought about different industries, so that if you're in a service industry, if you're in a retail industry, or you're in construction, they have set up some of the initial out-of-the-box setups, so that you have something that looks kind of like your industry. So for me, I'm an accountant consulting. I do not need an Account called "Dental Equipment." It's flexible to fit your industry.

QuickBooks Online is a second product that they offer. It is cloud-based, and if you are going to equate softwares to cars, Desktop is the Lexis, Online is the Volkswagen.

Initially, with Online, you might think, "Oh, this is so much easier to use, and I can use it on my phone." But unless you are dealing with customers, and having to create an invoice when you're over at your customer, there's no need to get the Online service. Most people think, "Oh, well, I want to be able to check my books all the time," and you get QuickBooks Online, and how many times do you check your books? You don't.

QuickBooks is intuitive and easy with the more background in accounting that you have. 

If you're new to the business, if you're new to forming your company, consult a bookkeeper or a CPA for advice on your initial setup. Yes, there is a lot that you can do on your own, but accounting can be confusing, and if you set it up wrong, you run the risk of creating a very profitable situation for me to come in and clean it up. One of my specialties is called "disaster accounting." I have a client who got embezzled. I have a client who had somebody put the information in completely wrong - and this was a former CFO and CPA - and I had to totally rebuild the books from two and a half years back. So when you first start, consult with a bookkeeper - a bookkeeper is cheaper than a CPA - and get some beginning guidance in how to set it up.

I rate it a nine out of 10, because there are always things in this program that you can improve. The problem with listing Accounts Payable twice in a journal entry, that's one of them. But these issues are not enough to make me not like the product. QuickBooks also has a tab that you can click on and make suggestions to improve it. I give it a nine because it's the best program I know that's out there, but it's not perfect - and I adore it.

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LS
President

I would first evaluate if QuickBooks Desktop or QuickBooks Online would be the best option for your company. If you decide on QuickBooks Desktop, I would look to the online community or a ProAdvisor for help on setting up the best configuration for your company right from the beginning. Always start using a new product like this from the beginning of a fiscal year, not midyear, even if that means entering all the old data.

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PK
Managing Partner at a tech services company with 1-10 employees

I would rate it an eight out of ten.

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MW
GUIDER at ONLINE TRAINING AND EARNINGS

It's a good way to go for accounting.

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it_user786780 - PeerSpot reviewer
Purchasing Analyst

Call them and ask for suggestions. They can make sure you get the right version for your business. It will save you time and potentially money.

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Buyer's Guide
QuickBooks
April 2024
Learn what your peers think about QuickBooks. Get advice and tips from experienced pros sharing their opinions. Updated: April 2024.
768,857 professionals have used our research since 2012.