6/28/2023 0 Comments Quick checkbook proReporting features (10%): We enumerated in our case study a list of fundamental reports that an accounting software program should have.Tax features (10%): Since most accounting software-including QuickBooks-doesn’t have e-filing and e-payment for taxes, we devoted more attention to the software’s ability to add sales tax items and sales tax tracking in the ledger.A/R features (20%): We considered invoicing, customer account management, and customer payment options in this section.A/P features (20%): We considered how easy it is for users to manage bills, keep track of vendors, and pay bills conveniently.Banking features (20%): For banking, we wanted to primarily see if it allows bank feed connections and bank reconciliation.General features (20%): Here, we focused on the difficulty of setting up accounting software, including setting up a chart of accounts, recording fiscal year-end, user restrictions, and much more.Moreover, we included the insights we gathered from our case study to show you what we think about these solutions based on the case study criteria.įor general features, we further divided this section into six categories that can also be found in our case study: We rated the accounting software products on this list based on their capabilities to be a substitute for QuickBooks. How We Evaluated Alternatives for QuickBooks It’s ideal for freelancers who don’t have to track accounts receivable (A/R) and accounts payable (A/P). Individuals who prefer easy-to-use software: Since QuickBooks Self-Employed isn’t full accounting software, it’s easier to use than QuickBooks Online.This feature can help you keep track of items that should be or not be included in tax returns. Freelancers who use the same bank account for personal and business use: QuickBooks Self-Employed lets you categorize personal and business transactions from within the app.In QuickBooks Self-Employed, you can file state and federal tax returns with TurboTax. Individuals who pay self-employed taxes: QuickBooks Self-Employed is software that can help self-employed individuals file taxes.⁃ Support both portrait and landscape mode. ⁃ Send data by email in form of PDF, CSV or HTML. ⁃ Adds the function of closing useless accounts and archiving data. ⁃ Supports more function chart statistics. ⁃ Supports different currencies & Running Balance for each account. ⁃ Supports reconcile account after each transaction. ⁃ Supports more comprehensive cycle types. ⁃ Histogram reports to compare income and expense. ⁃ Pie reports for categories of income and expense. ⁃ Check total cleared of all accounts and each account. ⁃ Check balance of all accounts and each account. ⁃ Add/Edit recurring transactions with different cycle. ⁃ Add/Edit income/expense/transferring transactions. ⁃ Create multiple accounts, such as checking, saving, credit and cash etc. In reports page, you will see visually where your money comes and goes. You can see clearly about balance of all your accounts and each account, add recurring or no cycle transactions, mark transaction as cleared or not, transfer between accounts, and reconcile transactions etc. With Quick Checkbook, you will manage your accounts at a glance. Quick Checkbook is a smart personal finance management app, you can track multiple accounts info easily and conveniently.
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