Have you wondered what Accounting Software would be best for your business? There are so many options to choose from. I have the most experience with using different versions of QuickBooks. Now the question is…what is better – QuickBooks Online or Desktop (Pro, Enterprise)?
Accountants, Bookkeepers, Controllers, and CFOs can have strong opinions. I have heard people talk about how bad QuickBooks Online (QBO) is, but is it that bad? I have been using QuickBooks Online since 2016 and QuickBooks products since 2005. I have clients that I have converted to QBO that like it much better now. During lunch with some CFOs recently, we discussed this, and they mostly liked QBO better.
In case you are wondering about this and what to do, here is a list of Pros and Cons of Quick Books Online (QBO) vs. using Desktop or Enterprise.
My opinion is that most businesses under $20 million in revenue can operate using QBO. It is my understanding that Intuit is spending much more of their Developer resources improving QBO. Maybe you tried QBO a few years ago, and you didn’t like it. There have been many improvements. If you combine their continual improvements with some very affordable and sophisticated third-party Apps, I will choose QBO 90% of the time. Once your company gets larger than $20 million, there are more sophisticated Accounting Systems such as NetSuite, Microsoft Dynamics, and SageIntacct that may work better for you. You have to be prepared to spend quite a bit more.
Having an easily accessible and updated accounting system is one of the first steps to financial success. Once you have financials that are consistent, timely, and reliable, you can move to the next step in making financially intelligent and strategic decisions that lead to maximizing growth.
I have recently had to move some complicated QuickBooks (QB) Enterprise companies to QB Online for...