Best Accounting software

Which cloud accounting software and mobile app should you buy?

These days you don't buy a single accounting program, you subscribe to one.

These days you don't buy a single accounting program, you subscribe to one.

Intuit QuickBooks
http://intuit.com
Free trial: Yes, Monthly
Price: from $15 per month

Quickbooks desktop
Quickbooks desktop

QuickBooks is another stalwart of the accounting software game. Like the other apps I looked at, there’s an attractive dashboard that puts key data such as income (split into open, overdue and paid in the last 30 days), expenses and profit and loss in front of you as soon as you log in.

One thing I did like about the account creation process is that it sent a verification code to my phone rather than just relying on email. Once you create a free account – no credit card required – you can access a sample account so you play around with QuickBooks before entering all your own data. However, finding this data requires either searching for “sample file” in the help or browsing to https://qbo.intuit.com/redir/testdrive_au after you’ve logged in.

The plus sign on the menu bar gives two-click access so you can enter the most common business documents such as invoices, expenses and timesheets. Payroll is available but that’s an extra that’s only available in the more-expensive subscription options.

Quickbooks mobile app
Quickbooks mobile app

One thing I liked was the instant view of my GST status. With a single clock of the GST menu on the left side of the dashboard, I received an instant snapshot of what I’d owe the government on my next BAS. Similarly, there’s an instant snapshot of your bank account balances and how many unreconciled transactions there are in QuickBooks.

Creating invoices, receiving payments and other common actions were easy. There’s also an option for integrating PayPal into your invoices so you can receive credit card payments. Although PayPal’s fees can be on the high side, this can be useful for a business that’s starting up and not quite ready to set up a payment gateway with their bank.

The mobile app for iOS relies on two-factor authentication when it’s first used. Creating invoices, entering expenses and managing contacts were easy. The app supports downloading bank transactions making it one of the more fully-featured mobile apps in this category.

QuickBooks looks great and, outwardly, has a stronger focus on security than the others: 4/5

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Tags MYOBquickbooksxeroaccounting softwareReckonSaasu

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Anthony Caruana

PC World
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