QuickBooks Online Advanced

Puntos a favor

I love QuickBooks for Non-Profits! I have used this software exclusively for the past 10 years with no problems at all.

I have received numerous compliments from Board Members of the accuracy and detail I provide when it comes to our financial reports. I have been told I provide the best reports they have seen (many are members of other non-profit boards). It is all accomplished with just a few clicks and the reports printed out!

Puntos en contra

It does take a bit of getting used to. Especially when you are first setting up the system. Once it is set up, it runs along fine.

One thing to make sure of is the category of the items you are entering. Otherwise, your reports will contain mis-categorized information. Be sure to check over your reports for accuracy in that area. If identified, it is a simple fix - but you must check it over.

Puntos a favor

What I like most about using QBO Advanced is how user friendly and simplistic it is to use. We transitioned our entire financial management system and for the most part it was relatively smooth.

Puntos en contra

There were many obstacles to overcome in the transition to QBO Advanced. It mainly involve how to find work around solutions for areas not offered in QBO Advanced such as specifically detailed inventory management and also fixed assets. The inventory process in QBO is clunky and too simplistic for our company, BUT since QBO is so easy to use we have customized processes to make it work for us.

Puntos a favor

For nonprofit accounting, the ability to use classes, projects, etc to keep track of functional expenses and grants is indispensable. Having bank feeds connected saves a lot of time. Being able to have our CPA log in at the same time to look at something is also an improvement over the desktop version.

Puntos en contra

It is updated a lot so you always have to learn it. We get a nonprofit discount through TechSoup but I know that the regular monthly fee vs purchasing the desktop version would be a barrier if we did not.

Puntos a favor

It integrates with our current ECommerce cart and a few other programs (e.g. Zapier).

Puntos en contra

They have radically tried to over-simplify the product. For instance, the Vendor tab being under Expenses. As every accountant knows, Vendors aren't solely about Expenses. This is just one example of how, in trying to make this product more intuitive, they have thwarted anyone with accounting experience in using it.

There are so many things you cannot delete. Too many to try and list here.

Puntos a favor

Due to the complexities of non-profit financials. Quickbooks alleviates much of the work and assists with proper allocations of Donor Contribution, Grants and Foundation monies. Classifying expenses is also tricky without the easy to use features Quickbooks non-profit software provides.

Puntos en contra

I cannot think of any downfalls. I have used other non-profit accounting softwares and Quickbooks is by the far the best.