If you’ve heard of accounting, you’ve heard of Intuit QuickBooks. Intuit was founded in 1983 with the idea that there should be a better, simpler way to do accounting; it has been one of the biggest names in accounting and personal finance for three decades now. The company’s first product, Quicken, was launched in 1984. QuickBooks followed in 2002, and QuickBooks Online came along two years later.
QuickBooks Online offers true double-entry accounting with ample reports and a strong chart of accounts, as well as customizable invoices, inventory capabilities, payroll support, multiple currencies, and over 200 integrations. Since its inception, QuickBooks Online has grown to 2.2 million users and the software has seen some significant changes and advancements, with one of the most recent being a long-awaited project management feature.
In our last review, some major navigational issues and feature limitations led us to demote the software to 4.5/5 stars. However, QuickBooks is happily back to its old tricks. While there are still a few minor navigational difficulties, the company has reinstated its time tracking feature, added a brand new lending platform called QuickBooks Capital (see our review), and has even improved their customer support response times.
In addition, there are several features offered by QuickBooks Online that you can’t get with the more traditional, locally-installed version of QuickBooks (such as automatic sales receipts, split transactions, scheduled invoices, and location and class categories). Many customers believe the sheer mobility of QuickBooks Online is entirely worth the upgrade. And despite the minor navigational difficulties I mentioned earlier, the program still has a better learning curve than QuickBooks Pro.
Continue reading to learn more about QuickBooks Online’s recent changes and to see if QuickBooks Online is a good fit for your business.
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