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FintechReviews-FintechFinancial Reporting Software: QuickBooks

Financial Reporting Software: QuickBooks

What Is It?

QuickBooks Online is ideal accounting software for freelancers and small businesses. They can use this integrated financial software system to simplify small business accounting. This app allows full capabilities to up to five users and limited functionalities to an unlimited number of users. QuickBooks Online is used primarily by small business owners, bookkeepers, accountants, finance officers, and soloprenuers.

QuickBooks Online automatically syncs your complete business finance profile to one single dashboard where multiple users can view in-depth reports and accounts of your company.

The app creates trade, profit and loss sheets as well as billing and invoice solutions that are all mobile compatible and print friendly. Users can create their own custom reports and feeds from within the dashboard.

Financial reporting | iTMunch

Why Is It Useful?

Accounts management

QuickBooks Online allows access to your complete accounting data as well as editing, creating, duplicating, and sharing information with employees, partners, consultants, and associates.

Interface and dashboard

You can log in to your QuickBooks Online backend with internet access. There is no need to download any software and you can create customizable feeds and charts.

Security and backups

All data is securely backed up to the cloud and you can export data to Excel spreadsheets. QuickBooks Online tracks customer payments and sends you notification of any errors in processing.

Subscriptions and pricing details

All QuickBooks Online packages include support, from initial startup to ongoing support enquiries. Continuing updates and upgrades are included in your pricing plan.

Multi-platform transparency

QuickBooks Online will auto-sync all your connected devices and the multiple users connected to your package. You can create restrictions for each user to enforce in-house hierarchy.

SEE ALSO: Review of Financial Reporting Software: Xero


  • Actionable insights
  • Automated online banking
  • Automatic tax calculations
  • Banking data synchronization
  • Create and manage invoices
  • Create custom invoices
  • Create estimates
  • Dashboards and feeds
  • Enter and manage bills
  • Export data to Excel
  • Free trial
  • Mobile receipt capture
  • Multi-device document sharing
  • Pay online link in invoices
  • Print checks
  • Profit and Loss and Balance Sheet reports
  • Smartphone compatible
  • Support for Mac23
  • Track payments
  • Track sales and expenses

Pricing Plans

QuickBooks Online offers two paid plans:

Essentials Plan$18/month (for first 6 months)

  • Track income and expenses
  • Create estimates and invoices
  • Sync bank accounts and apps
  • Manage and pay bills
  • Instant sales and profit reports

Plus Plan:$24/month (for first 6 months)

  • Track income and expenses
  • Create estimates and invoices
  • Sync bank accounts and apps
  • Manage and pay bills
  • Instant sales and profit reports
  • Track inventory


Priyanka Khanapure
Priyanka Khanapure
Priyanka Khanapure is a content writer and a travel enthusiast. A writer in the day and a reader at night, nothing gives her more joy than a cup of coffee and a plane ticket in hand. A happy-go-lucky and keen observer who enjoys the simple joys of life.