QUICKBOOKS

Wandering C

I really love the tax aspect of QB. I can track every expense, categorize, etc. It creates my Schedule C as the year progresses, tracking my mileage as well. I have saved so much time using QB Self Employed online. I use it for invoicing, expense tracking, everything. I wish I could break up an invoice so that I only have to send one to a client, but they can pay it in separate retainers. The only way to do this right now is to schedule a recurring payment or send multiple invoices.

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Edmund L

Being online, it allows you to connect to your bank account so that you can perform reconciliations with just a click. It also allows you to upload documents so that you can keep a separate copy online for easy retrieval. The UI is very user-friendly, that allows even a person without much knowledge on the system to be able to use it without issues. The only thing that I do not like about Quickbooks Online would be the inflexibility to amend the currency for a vendor that had been created, for example, to change the payment to the vendor from USD to SGD, which requires us to create a separate vendor account. Other than this, it seems that the classifications under e.g. "current liabilities" and "current assets" are different throughout different geographical areas e.g. in Singapore, in Indonesia and in the USA, perhaps it's to cater to the local GAAPs, but it presents a small bump for the importing of the chart of accounts.

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