10 Best Quickbooks Online Training

Best Quickbooks Online Training in 2023

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Review: QuickBooks Online Edition

Review of QuickBooks Online Edition - advantages, disadvantages, price, differences from the off-line edition, comparison with other similar tools.

For such business environments, QuickBooks offers a version that works from their central server: QuickBooks Online Edition. QuickBooks Online Edition is a spectacular program for managing your business accounting over the web.

Web based accounting is hardly a new idea - it has already been around for a while. Although the market is still consolidating, there are already three established key players: QuickBooks Online Edition, Intacct, and NetSuite.

QuickBooks has been highly succeful in its offline edition version. The off-line edition is by far the most popular business accounting tool for small businesses. Its online edition is based on its offline edition, but both are not equal. They do have the same look-and-feel and same basic functions, but there are differences.

QuickBooks Online Edition is customizable even to a higher degree than the offline edition. This is special useful, since customers of these products normally implement it in a multi-user environment. Due to this multi-user common implementation, the company has also developed multiple level of permission. With these two features users only see and manipulate the information they are supposed too. Equaly customizable is the report tool of this program. With it, you can automatize report generation and posting with a couple of clicks. A must have in an environment where many people have to interact with each other.

Navigating through this program is straightforward. Its layout is clean well-structured. Even beginners will find their way round. The graphical flowchart allows user to perform tasks step by step. Registering a deposit or generating a receipt can be automated or done manually in a couple of clicks.

The help system is clearly written and users can post questions directly to QuickBooks customer support center. For totally beginners, there is an introductory tutorial, so as to every task.

On the other hand, QuickBooks Online Edition is not the cheapest program out there. Although it can be completely amortized within a reasonable time, its cost of about $250 for three licenses or $360 for 10 licenses may sound high for some buyers. Consider however, that this price includes tech support and that this tech support may prove invaluable to keep your business up and running. QuickBooks Online Edition is undoubtly a worthwhile investment.

However, consider that QuickBooks Online Edition has also some minor drawbacks and even the company recognizes these. The off-line version has a couple of additional features. In the online version is not possible to keep track of all records of vendors and customers. There is no job tracking (a quite useful feature), online banking, or automatic payment of bills. Purchase orders cannot be generated automatically and keep an eye on the inventory must be accomplished manually.