QuickBooks is an all-in-one accounting solution and a good option for firms that may need to scale their accounting needs in the future.
QuickBooks Rating:
4.4/5
Features
Customer Experience & Support - 7/10
7/10
Pricing & Value - 7/10
7/10
Security - 9.25/10
9.3/10
Innovation & Future-Proofing - 7.25/10
7.3/10
Comments Rating5
(1 review)
Details
Rating Breakdown
Our Rating: 3.8/5
Our rating is based on our subjective judgment. Use our resources—including our rating and community ratings and reviews—to find the best fit for your firm.
Community Rating: 5/5 (based on 1 rating)
The community rating is based on the average of the community reviews below.
Composite Rating: 4.4/5
The composite rating is a weighted average of our rating and the community ratings below.
Who QuickBooks is For
Given its multiple price points and extensive integration capabilities, QuickBooks is likely a good fit for firms of all sizes. QuickBooks is an all-in-one accounting solution and a good option for firms that may need to scale their accounting needs in the future, but it is not customized for law firms and trust accounting can be more complicated in QuickBooks than in legal-specific accounting software.
Link your bank accounts for up-to-date transaction information with little or no manual data entry.
✓
Billing/Invoicing
✓
Online Payments
This means the ability to accept credit card or echeck payments within your accounting software, either through its own payment portal or via a third-party integration like PayPal or Square. Most online payments involve a separate processing fee.
✓
Timekeeping
✓
Mileage Tracking
Keep track of miles traveled visiting clients or heading to the courthouse, making it easier to tally for taxes or billing purposes or add to your expense reports.
✓
Bill Payment
Pay your firm's bills without leaving your accounting software.
✓
Statement Reconciliation
Helps with the complex task of balancing your business accounts. Does not necessarily include more advanced reconciliation features like three-way trust account reconciliation.
✓
Payroll
Payroll includes automatically calculating employee taxes, printing checks, and paying by direct deposit.
✓
Tax Preparation
Some accounting software can also be used to prepare taxes for your firm so you can review, approve, and even pay your taxes all in one place.
✓
Reporting
Businesses need reports to help assess key business performance indicators like profit and accounts receivable. Some products have more robust reporting features than others.
✓
Foreign Currencies
✓
Check Printing
✓
Contact Management
Store contacts for invoicing or billing purposes.
✓
User Management
Manage multiple users, including your accountant and tax preparer, or multiple billers or timekeepers at the firm.
✓
Things You Might Want to Know
A plan for just about everyone. QuickBooks provides a wide range of accounting features that work for many small business sizes. In order to do this, Intuit offers multiple pricing plans. Not all plans include the above features.
Security. QuickBooks uses SSL (secure-socket layer) to ensure your data is encrypted in transit. Credit card and social security numbers are converted to tokens or encrypted. QuickBooks secures its data centers with 24/7 personnel and video surveillance and has backup generators to keep data available during power outages.
Quickbooks is my favorite accounting software.
There’s a reason Quickbooks is the most used accounting software. It’s the best.
Did you find this review helpful? Yes No (1)