Home/Accounting Software/QuickbooksUpdated on: March 27, 2023

OVERVIEW
AWARDS
FEATURES
TECHNICAL DETAILS
PRICING
ALTERNATIVES
REVIEWS
MORE
- Videos
- Screenshots
- Faq
- Articles
- Related

Get Buyer Checklist Start Free Trial

View Gallery

COMPARE

Quickbooks

Easy and user-friendly software to manage accounts

(2,461 Ratings) Write Review

What is Quickbooks and how does it work? An accounting software package developed to offer on-premises accounting applications as well as cloud-based versions to small sized businesses. Quickbooks provides a very user-friendly interface. Regular tasks like creating invoices and getting cash flow reports can be performed in a matter of seconds with a few clicks. The real-time reports and dashboards help you to take control of your cash flow and see where the money is going. Quickbooks offers almost all the accounting services a business needs, ranging from handling the accounts receivable or payable to Fixed Asset Management.

FOLLOWERS 56,945 61,704 1,358,358 39,750

Quickbooks Awards

Quickbooks Features Show All Features

Accounting Features

Tax ManagementThe aim of tax management is to ensure that the provisions of the Income Tax Act and related laws are followed. Through the tax management function of various tools, you can handle local and foreign tax rates.
Spend ManagementThe end-to-end management of an organization's spend is referred to as spend management. Spend analysis, spend categorization/classification, spend data management, and spend performance management are all covered. Spend management is a continuous and ongoing mechanism that aims to improve a company's bottom line by managing and maximizing its spending.
Revenue RecognitionRevenue recognition is a generally accepted accounting principle (GAAP) that identifies the specific conditions in which revenue is recognized and determines how to account for it. The revenue recognition principle, a feature of accrual accounting, requires that revenues are recognized on the income statement in the period when realized and earned—not necessarily when cash is received. Having a standard revenue recognition guideline helps to ensure that an apples-to-apples comparison can be made between companies when reviewing line items on the income statement. Revenue recognition principles within a company should remain constant over time as well, so historical financials can be analyzed and reviewed for seasonal trends or inconsistencies.
PurchasingProcurement or purchasing is the act of obtaining goods, supplies, and/or services. Therefore, project procurement is obtaining all of the materials and services required for the project.
Project AccountingProject accounting is a type of managerial accounting oriented toward the goals of project management and delivery. It involves tracking, reporting, and analyzing financial results and implications, and sometimes the creation of financial reports designed to track the financial progress of projects; the information generated by this analysis is used to aid project management. While project accounting was traditionally used for large construction, engineering, and government projects, it has now expanded into several other sectors. It is commonly used by government contractors, where the ability to account for costs by contract can be a requirement for interim payments. A specialized form of project accounting, production accounting, is used by production studios to track an individual movie or television episode's costs.
PayrollPayroll is defined as the process of paying salary to a company’s employees. It starts with preparing a list of employees to be paid and ends with recording those expenses. It’s a tangled process that needs different teams such as payroll, HR and finance to work together. But, businesses can manage all the complexities effortlessly by choosing modern technology. Simply put, the process involves arriving at what is due to the employees for a particular payroll cycle after adjusting the necessary deductions like TDS, employees’ PF contribution, meal coupons, etc. A payroll cycle is the time gap between two salary disbursements. Businesses can opt to pay salaries on a weekly, bi-weekly, or monthly basis. Generally, it is processed every month in India.
Multi-CurrencyMulti-currency means using more than one currency (such as Canadian currency and American currency) in a multi currency bank account.
General LedgerA general ledger represents the record-keeping system for a company's financial data with debit and credit account records validated by a trial balance. The general ledger provides a record of each financial transaction that takes place during the life of an operating company.
Fixed Asset ManagementFixed asset management is the process of tracking and maintaining an organization’s physical assets and equipment. Asset types include vehicles, computers, furniture and machinery. Fixed asset management enables organizations to monitor equipment and vehicles, assess their condition, and keep them in good working order. In this way, they minimize lost inventory, equipment failures and downtime — and improve an asset’s lifetime value. Fixed assets such as servers, transport trucks and elevators require a large capital investment. They may comprise a large portion of a company’s net worth. In some businesses, as much as 40 percent of investment goes to buying equipment and vehicles. The better and more effectively a company manages its assets, the greater the prospect of maximizing value from these investments.
Expense TrackingBeing able to manage and track expenses is what keeps the project within a budget. Expense tracking means to track the expense that each project has.
CPA FirmsA Certified Public Accountant Firm (CPA firm) is simply a firm that is licensed in the state in which they operate and owned, at least in part by a Certified Public Accountant. CPA firms are comprised of auditors who conduct both public and private audit engagements. Apart from the auditors CPA firm usually consists of people at various levels in their accounting career. Hence, CPA firm consist of staff accountants and seasoned accountants who are experienced in all aspects of accounting. Most CPA firms, are auditing firms and seldom provide tax and accounting for the general public. While remaining CPA firms provide only tax and accounting services.
CollectionsCollections is a term used by a business when referring to money owed to that business by a customer. When a customer does not pay the business within the terms specified, the amount of the bill becomes past due and is sometimes submitted to a collection agency. When a business sells a product or service to a customer, payment is expected either at the time of the transaction or within a defined period of time such as 30 days. Unfortunately, some customers do not pay the business within those set terms and, at this point, the account can be considered in collections.
Cash ManagementThe method of gathering and handling cash flows is known as cash management. Individuals and businesses alike benefit from good cash management. It is an important part of a company's financial stability in business.
Billing and InvoicingBilling and invoicing feature allows you to bill project services directly to customers, employees and external service providers. Invoices can be created based on milestones, partial payments and final payments as well as at cost (time and material). Timesheets required in many industry sectors are generated by the system.
Bank ReconciliationA bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records. The statement outlines the deposits, withdrawals, and other activities affecting a bank account for a specific period. A bank reconciliation statement is a useful financial internal control tool used to thwart fraud.
Accounts ReceivableAccounts receivable refers to the outstanding invoices a company has or the money clients owe the company. The phrase refers to accounts a business has the right to receive because it has delivered a product or service. Accounts receivable, or receivables represent a line of credit extended by a company and normally have terms that require payments due within a relatively short time period. It typically ranges from a few days to a fiscal or calendar year. Companies record accounts receivable as assets on their balance sheets since there is a legal obligation for the customer to pay the debt. Furthermore, accounts receivable are current assets, meaning the account balance is due from the debtor in one year or less.
Accounts PayableAccounts payable include all of the company's short-term debts or obligations. For example, if a restaurant owes money to a food or beverage company, those items are part of the inventory, and thus part of its trade payables.

Quickbooks Technical details

Support	24/7 (Live rep) Online	Customer Type	Individuals Freelancers Medium Business Small Business
API		Location / Phone Number	Mountain View, California
Deployment	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac	Official Website	https://quickbooks.intuit.com/
Deployment		Category	Accounting Software

Quickbooks Pricing

Pricing ModelFree Trial , Subscription , Quotation Based

Simple Start

$25 /Month

$12.5 per month billed for 3 months

Features

Track income & expenses
Invoice & accept payments
Maximize tax deductions
Run general reports
Capture & organize receipts
Track miles
Manage cash flow
Track sales & sales tax
Send estimates
Manage 1099 contractors
Receipt capture
QuickBooks support
App integration

Note : Bookkeeping Setup - Add $50 one-time session

Connect your banks and credit cards
Automate the tasks you perform most
Learn best practices to use QuickBooks with confidence

Essentials

$50 /Month

$25 per month billed for 3 months

Features

Track income & expenses
Invoice & accept payments
Maximize tax deductions
Run enhanced reports
Capture & organize receipts
Track miles
Manage cash flow
Track sales & sales tax
Send estimates
Manage 1099 contractors
Includes 3 users
Manage & pay bills
Track time
Receipt capture
QuickBooks support
App integration

Plus

$80 /Month

$40 per month billed for 3 months

Features

Track income & expenses
Invoice & accept payments
Maximize tax deductions
Run comprehensive reports
Capture & organize receipts
Track miles
Manage cash flow
Track sales & sales tax
Send estimates
Manage 1099 contractors
Includes 5 users
Manage & pay bills
Track time
Track inventory
Track project profitability
Receipt capture
QuickBooks support
App integration

Advanced

$180 /Month

$90 per month billed for 3 months

Features

Track income & expenses
Invoice & accept payments
Maximize tax deductions
Run most powerful reports
Capture & organize receipts
Track miles
Manage cash flow
Track sales & sales tax
Send estimates
Manage 1099 contractors
Includes 25 users
Manage & pay bills
Track time
Track inventory
Track project profitability
Business analytics & insights
Batch invoices & expenses
Customize access by role
Exclusive Premium Apps (New)
Dedicated account team
On-demand online training
Automate workflows
Restore company data
Receipt capture
QuickBooks support
App integration

Self-Employed

$15 /Month

$7.50 per month billed for 3 months

QuickBooks gives self starters the features they need to get ahead. Stay tax-time ready all year, uncover tax deductions, and keep tabs on your finances on the go.

Features

Track income & expenses
Capture & organize receipts
Estimate quarterly taxes
Track miles
Run basic reports

Screenshot of the Vendor Pricing Page

View Full Screen

Disclaimer: The pricing details were last updated on 16/07/2021 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

Learn more about Quickbooks pricing.

Quickbooks Alternatives Quickbooks Alternatives

Quickbooks Reviews

OVERALL RATING 4.3 Based on 2,461 Rating(s)

Rating Distribution

Excellent 61.2 %
Very Good 29.3 %
Average 7.2 %
Poor 1.4 %
Terrible 1.4 %

SHARE YOUR EXPERIENCE Write a Review

Read All Reviews

Videos on Quickbooks

Quickbooks Screenshots

Bill pay widget

Quickbooks FAQs

Q. What is Quickbooks used for?

Quickbooks is Accounting Software. Quickbooks offers the following functionalities:

Tax Management
Spend Management
Revenue Recognition
Purchasing
Project Accounting
Payroll
Multi-Currency
General Ledger
Fixed Asset Management
Expense Tracking
CPA Firms
Collections
Cash Management
Billing and Invoicing
Bank Reconciliation
Accounts Receivable
Accounts Payable

Learn more about Quickbooks features.

Q. What are the top alternatives for Quickbooks?

Here`s a list of the best alternatives for Quickbooks:

Q. Does Quickbooks provide API?

Yes, Quickbooks provides API.

Articles on Quickbooks

Guides A Detailed Guide on the Top SaaS Tools in 2022 The SaaS industry has evolved massively and is today considered one of the fastest growing... read more

Free and Open-Source Software Top 10 Accounting Software for Small Businesses to Use in 2021 Accounting is a part and parcel of every business and it is vital to have a strong accounting team... read more

Free and Open-Source Software 5 Best Open-Source and Free ERP Software to Use in 2021 ERP software represents an enterprise resource planning platform that offers an all-in-one solution... read more

Free and Open-Source Software Best Free and Open-Source Alternatives to Popular SaaS Software SaaS or Software as a Service is a cloud delivery model that allows users to run applications on... read more

Write a Review for Quickbooks

Software buyers need your help! Product reviews help the rest of us make great decisions.

Rate This Software *

Review Title *

Comments *

Thank you for your Review!

Your review has gone for moderation and will be published soon.

OK, GREAT

Disclaimer

The research is compiled using multiple sources, let us know of any feedback on feedback@saasworthy.com

Name*

Email*

Phone number*

Company Name

Message

Quickbooks

Quickbooks Awards

Quickbooks Features Show All Features

Accounting Features

Quickbooks Technical details

Quickbooks Pricing

Quickbooks Alternatives Quickbooks Alternatives

Quickbooks Reviews

Videos on Quickbooks

Quickbooks Screenshots

Quickbooks FAQs

Articles on Quickbooks

Quickbooks Also Belongs to

Disclaimer