QuickBooks Online Advanced

Pros

As a user of QuickBooks Online Advanced, I have found it to be a reliable and user-friendly accounting software for our business. One of the biggest advantages of this software is the user-friendly interface that makes it easy to navigate. This has been a huge time-saver for my team, as we don't have to spend hours trying to figure out how to use the software. Another great feature of QuickBooks Online Advanced is the automatic data backups. Not only that, but also the advanced reporting and inventory management features have also been a great asset to our business, allowing us to track our inventory in real-time and generate detailed reports on our financial performance.

Cons

One of the downsides of QuickBooks Online Advanced is the limited customization options for invoices and purchase orders.

Pros

It's easy to use and learn. It integrates with many banks making it simple to reconcile.

Cons

Reporting needs to add more charts and graphs and the dashboard needs more widgets and customization. You get good reports at our level, but to get graphical charts you have to upgrade to the next levels which is more than 100% increase in costs. Also, modules they include are rendered useless with out others. Example: inventory. It's a great tool, but without the ability to have a role for jus tan inventory manager without doubling my costs to upgrade means I can't use it.

Pros

QBO is an easy to use intuitive accounting software package with generally reliable online access. It has the basic accounting features that you would expect for a small business, but lacks the detailed features necessary for a bundled product business (one where your product is composed of Bill of Materials and you need to track the details on the sub components - think of gift baskets with 10 items in it, and the basket has a single SKU.) QBO has been improving in many ways and priority circle is a welcome addition to getting support.

Cons

The Reporting is really poor, you cannot simply build a report using any fields there are significant limitations of what fields you can include in a report. For instance you cannot write a report with customer and invoice information in it. IE. What customers have bought what products and when - this can't be done you need to export all the data and then do your own intersection to answer that question.

There is really limited inventory tracking - as long as you stock and sell individual wigets your are ok, but if you sell bundles you are screwed. We have to do all inventory tracking outside of QBO because it is so lacking.

You can't not do line item discounts.

You cannot have negative product line items ( like volume discounts or returns, etc.)

There are so many basic features in QBO Desktop that are totally lacking in the online version.

Pros

I love how it is user-friendly and intuitive, making it easy for me to manage my finances without having an extensive background in accounting. Also, I can access my financial information from anywhere, at any time, as long as there is an internet connection.

Cons

There is nothing I liked least about QBOA.

Alternatives Considered

Reasons for Switching to QuickBooks Online Advanced

Pros

It is very widely used in Canada and with other suppliers, so it is easy to integrate. You can do multiple things as invoicing, financing, inventory management, payments, estimates etc. And the best part is it works on the cloud, so you can work from anywhere and from any device you like.

Cons

No option to edit multiple items at same time. If you want to change only one letter of 100 product’s name you have to edit all of them 1 by 1. Also in search bar it finds only if you write in correct order. It would be nice to find product with writing any part of it’s name.