Newsroom

QuickBooks Online Pros and Cons

QuickBooks Online has a lot of the same features as the Desktop version of QuickBooks. The pros and cons below will help you decide if your business should switch from the Desktop version of QuickBooks or from another financial software to the Online version of QuickBooks.

Pros

• Ability to work anywhere there is an internet connection
• Access for up to 5 users at the same time
• Automatic updates and upgrades that don’t require any action
• Access for your accountant to work on your file at the same time – no need to backup and send files
• Ability to automatically download bank and credit card transactions from over 16,000 financial institutions
• No need to backup data
• Free support
• Available on iPhone, iPad, and Android devices
• Automatic emailing of recurring transactions (invoice/receipts) and reports

Cons

• Limited to one type of invoice
• Not recommended for QuickBooks Enterprise users
• Cannot consolidate reports from multiple company files
• Limited inventory management
• Inability to forecast sales and expenses
• No integration with QuickBooks Point of Sale

For more information on Gettry Marcus client discounts for QuickBooks Online and for which version of QuickBooks Online is right for your business, please contact your Gettry Marcus advisor or our QuickBooks ProAdvisor team at QB@gettrymarcus.com.