QuickBooks Online Advanced

Score8.6 out of 10

375 Reviews and Ratings

What is QuickBooks Online Advanced?

QuickBooks Online Advanced is a SaaS-based accounting software designed to scale with growing businesses. It includes the functionalities of QuickBooks Online, as well as more robust business analytics, customization, and resource management.

Categories & Use Cases

Plug-ins
A number of third-party plug-ins are available to expand the core functionality of the software.
Category average: 7.9
Primary and Secondary Ledgers
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
Category average: 8.8
Pricing
Users can set up complex and unique pricing requirements.
Category average: 8.4

Custom reports
Users can create custom reports.
Category average: 8
Multi-division support
The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.
Category average: 8.6
Intercompany Accounting
Automatically balance and reconcile GL for intercompany transactions
Category average: 8.4

Michelle Schiefelbein View profile

Owner in Information Technology at Schiefelbein MS (1-10 employees employees)

Use Cases and Deployment Scope

I use quick books turbo tax and intuit products for self employment and payroll , time sheets and w2 tax returns. Doing my own taxes has been awesome,these products have taught me everything about
running my own business ,saving me money and offering the best tax tools out there.Definetly a product worth trying and sticking with

Pros

Timesheets
Transactions
Payroll

Cons

Prior years returns
Bank connections
Invoicing

Return on Investment

Bank registers
Prior years availability
Better schedules

Other Software Used

Zoho Analytics, Azure App Service, SAP Adaptive Server Enterprise (ASE), legacy

Rahel Gebre

Senior Accountant in Finance and Accounting at Aviate Enterprises, Inc (11-50 employees employees)

Use Cases and Deployment Scope

I use QuickBooks Online Advanced to record all the transactions such as DOGS, Sales Expenses, etc. in the company. QBO is good to evaluate each and every job using the project future.

Pros

Help to review the financial reports quickly from the dashboard
Auto filling invoices
Auto filling PO

Cons

If it could allow holding a transaction before posting so that the transaction can be approved by the supervisor will be a plus

Return on Investment

QuickBooks Online Advanced provides great value for the amount we are paying

Verified User

Executive in Corporate (1-10 employees employees)

Use Cases and Deployment Scope

QBO Advanced is used to send recurring invoices to our contractors, track accounts receivables, and payables. The problem faced the constant amount of data entry, which QBO has helped to reduce and automate much of it. Highly recommend this product as it will give you reports - which are completely customizable.

Pros

Recurring Transaction
Customer Statements
Aging Reports
Profit & Loss
Balance Sheet
Budgeting

Cons

Batch add vendors
Improve Sales Tax by taking into account journal entries
Batch edit transactions
Ability to have same name for vendor and client
Batch edit vendor/customer name

Return on Investment

Decreased amount of data entry
Increased cash flow projections
Increase pulling aging reports on demand

Alternatives Considered

Zoho Books

Verified User

C-Level Executive in Finance and Accounting (1-10 employees employees)

Use Cases and Deployment Scope

Quickbooks Online Advanced (QBOAd) allows our organization to quickly and efficiently manage our revenue and expenses, and payroll needs. It also can integrate with other applications for additional financial insight that gives our organization the competitive advantage we need in our market.

Pros

Manage roles within our organization
Track our revenue and expenses
Robust financial reporting

Cons

Job costing
Integration with non-Intuit products
Inventory tracking

Return on Investment

More efficient payroll processing cutting time
Closing the books is easier
Make business decisions faster with detail reports

Other Software Used

Ignition, Anchor, Relay

Verified User

Director in Information Technology (11-50 employees employees)

Use Cases and Deployment Scope

Quickbooks Advanced is an all-in-one accounting solution that is cloud-based and solves many of the common accounting issues while also allowing you to integrate it with POS systems, eCommerce stores, etc. It's great for a smaller office environment as being cloud-based, it solves many IT issues, such as the configuration of a server. The reporting is good enough for most needs. It lacks features such as built-in shipping, which QB Desktop used to have.

Pros

Cloud based, no hosting.
Fast Response times when loading screens.
Fair pricing.

Cons

No built in shipping manager.
No clear road map of when all features of QB Desktop will appear in QBO.
Granular reporting is not up to peer standards.

Return on Investment

Reporting is not equal to Quickbooks Desktop but this program is much cheaper.
Cloud based, ease of access regardless.

Alternatives Considered

QuickBooks Desktop Enterprise

FreshBooks

Xero

QuickBooks Online Advanced

What is QuickBooks Online Advanced?

Categories & Use Cases

Key Features

Top Performing Features

Plug-ins

Primary and Secondary Ledgers

Pricing

Areas for Improvement

Custom reports

Multi-division support

Intercompany Accounting

Reviews

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Alternatives Considered

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Alternatives Considered

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