QuickBooks Online Advanced vs e-conomic
Last Updated:Our analysts compared QuickBooks Online Advanced vs e-conomic based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.
Product Basics
Product Assistance
Product Insights
- Scalability: QuickBooks Online Advanced grows with your business, accommodating up to 25 users, which is ideal for expanding teams.
- Customizable Reporting: Tailor reports to your specific needs with advanced reporting tools, allowing for deeper insights into financial data.
- Enhanced Productivity: Automate routine tasks such as invoice creation and payment reminders, freeing up time for strategic activities.
- Advanced Permissions: Assign specific roles and permissions to users, ensuring data security and appropriate access levels for team members.
- Seamless Integration: Connect with over 650 business apps, including Salesforce and HubSpot, to streamline workflows and enhance productivity.
- Priority Support: Access dedicated customer support with faster response times, ensuring quick resolution of any issues that arise.
- Batch Invoicing: Save time by creating and sending multiple invoices simultaneously, improving cash flow management.
- Comprehensive Training: Benefit from on-demand training resources and webinars to maximize the software's potential and improve user proficiency.
- Data Restoration: Utilize the backup and restore feature to safeguard your financial data and recover it in case of accidental loss.
- Custom Fields: Add up to 48 custom fields to track unique business data, enhancing the ability to tailor the software to specific business needs.
- Workflow Automation: Set up automated workflows to streamline approval processes and reduce manual intervention, increasing efficiency.
- Robust Analytics: Leverage advanced analytics to gain actionable insights into business performance, aiding in strategic decision-making.
- Flexible Billing: Manage complex billing scenarios with ease, including progress invoicing and milestone billing, to better serve clients.
- Enhanced Security: Benefit from advanced security features, including two-factor authentication, to protect sensitive financial information.
- Multi-Currency Support: Conduct business globally with ease by managing transactions in multiple currencies, reducing conversion hassles.
- Time Efficiency: Automate repetitive accounting tasks, such as invoicing and bank reconciliation, freeing up valuable time for strategic decision-making.
- Real-Time Financial Insights: Access up-to-date financial data and reports, enabling informed business decisions and proactive financial management.
- Scalability: Easily adapt to business growth with scalable features that accommodate increasing transaction volumes and complex accounting needs.
- Collaboration: Facilitate seamless collaboration between accountants, bookkeepers, and business owners through shared access to financial data.
- Cost Savings: Reduce overhead costs associated with manual accounting processes and minimize errors that could lead to financial discrepancies.
- Compliance Assurance: Stay compliant with local and international accounting standards and regulations, reducing the risk of legal issues.
- Data Security: Benefit from robust security measures that protect sensitive financial information from unauthorized access and data breaches.
- Customizable Reporting: Generate tailored financial reports that meet specific business needs, providing clarity and insight into financial performance.
- Integration Capabilities: Connect seamlessly with other business tools and applications, streamlining workflows and enhancing productivity.
- User-Friendly Interface: Navigate the software with ease, thanks to an intuitive design that reduces the learning curve for new users.
- Remote Accessibility: Access your accounting data from anywhere with an internet connection, supporting flexible work arrangements and remote teams.
- Cash Flow Management: Monitor and manage cash flow effectively, ensuring sufficient liquidity for operational needs and growth opportunities.
- Customer Support: Receive expert assistance and guidance from a dedicated support team, ensuring smooth operation and troubleshooting when needed.
- Environmental Impact: Reduce paper usage and contribute to sustainability efforts by digitizing accounting processes and documentation.
- Decision Support: Leverage analytical tools and insights to support strategic planning and enhance business performance.
- Custom User Permissions: Tailor access levels for different team members, ensuring sensitive financial data is only accessible to those who need it.
- Advanced Reporting: Utilize customizable reports with the ability to drill down into data, providing deeper insights into financial performance.
- Batch Invoicing: Streamline billing processes by sending multiple invoices simultaneously, saving time and reducing manual entry errors.
- Smart Reporting by Fathom: Access enhanced visual reporting tools that offer detailed analysis and performance metrics.
- Custom Fields: Add up to 48 custom fields to track additional information specific to your business needs.
- Workflow Automation: Automate repetitive tasks such as reminders and approvals to increase efficiency and reduce manual workload.
- Dedicated Account Team: Benefit from personalized support with a dedicated team to assist with setup and ongoing needs.
- Integrations: Seamlessly connect with over 650 business apps, including Salesforce and HubSpot, to streamline operations.
- Priority Circle Membership: Gain access to premium customer support and training resources to maximize software utilization.
- Enhanced Customization: Customize dashboards and reports to align with specific business requirements and preferences.
- Role-Based Access: Assign roles with specific permissions to ensure users have access to the tools they need without compromising security.
- Unlimited Chart of Accounts: Create an extensive chart of accounts to accommodate complex financial structures.
- Data Restoration: Utilize the ability to restore company data to a previous state, providing peace of mind and data security.
- Capacity for Large Files: Handle large data files efficiently, making it suitable for businesses with extensive transaction histories.
- Customizable Invoice Templates: Design invoices that reflect your brand identity with customizable templates.
- Comprehensive Training Resources: Access a wide range of training materials and webinars to enhance user proficiency.
- Multi-Currency Support: Manage transactions in multiple currencies, ideal for businesses operating internationally.
- Advanced Inventory Management: Track inventory levels, orders, and sales across multiple locations with precision.
- Project Tracking: Monitor project profitability and progress with detailed tracking and reporting features.
- Enhanced Security: Benefit from robust security measures, including two-factor authentication and data encryption.
- Invoicing: Create and send professional invoices with customizable templates, ensuring brand consistency and clarity.
- Bank Reconciliation: Automatically match transactions with bank statements, reducing manual entry and errors.
- Expense Management: Track and categorize expenses efficiently, allowing for better financial oversight and control.
- Multi-Currency Support: Handle transactions in various currencies, ideal for businesses operating internationally.
- Project Management: Monitor project budgets and timelines, integrating financial data for comprehensive project oversight.
- Reporting: Generate detailed financial reports, including balance sheets and profit & loss statements, for informed decision-making.
- VAT Management: Automate VAT calculations and submissions, ensuring compliance with local tax regulations.
- Mobile Access: Access your accounting data on-the-go with a mobile-friendly interface, enhancing flexibility and responsiveness.
- Integration Capabilities: Seamlessly connect with other business tools like CRM and e-commerce platforms to streamline operations.
- User Permissions: Set specific access levels for different users, maintaining data security and integrity.
- Customer Support: Access a dedicated support team and comprehensive online resources for troubleshooting and guidance.
- Time Tracking: Record billable hours directly within the platform, simplifying invoicing for service-based businesses.
- Inventory Management: Keep track of stock levels and manage orders, ensuring efficient supply chain operations.
- Recurring Invoices: Automate the billing process for regular clients, saving time and reducing administrative workload.
- Dashboard Overview: Gain insights into key financial metrics with a customizable dashboard, providing a snapshot of business health.
Product Ranking
#57
among all
Accounting Software
#102
among all
Accounting Software
User Sentiment Summary
1 reviews
e-conomic has a 'fair' User Satisfaction Rating of 60% when considering 1 user reviews from 1 recognized software review sites.
Synopsis of User Ratings and Reviews
Is QuickBooks Online Advanced the right software to quicken the pace of your business accounting? User reviews from the past year indicate an overwhelmingly positive sentiment towards QuickBooks Online Advanced, particularly for its user-friendly interface and robust reporting functionality. Users highlight the platform's intuitive navigation compared to other accounting software, making it a breeze to manage finances. The ability to generate custom reports provides valuable insights into business performance, a crucial aspect for growth. For instance, one user raved about the software's ability to handle a high volume of transactions, with support for up to 1000 transaction lines for invoices, significantly speeding up their invoicing processes. This feature alone sets it apart from competitors like Xero or FreshBooks, which may not offer the same capacity. However, some users point out a steeper learning curve compared to simpler alternatives, especially for those new to accounting software. Additionally, concerns about customer service, including slow response times and occasional difficulties in resolving issues, have been raised. Despite these drawbacks, the consensus is that QuickBooks Online Advanced is a powerful accounting solution. Its advanced features, such as workflow automation and batch processing, make it ideal for businesses, particularly those with 5-25 users, aiming to streamline their financial operations and gain deeper financial insights.
Is e-conomic really economical with the truth when it comes to user experience? User reviews from the past year paint a somewhat ambivalent picture of this cloud-based accounting software. While e-conomic is generally lauded for its user-friendly interface and comprehensive suite of features, including electronic invoicing and bank reconciliation, some users find that certain aspects, such as VAT reporting, necessitate a considerable amount of accounting knowledge, potentially posing a challenge for newcomers. This is akin to having a car with all the bells and whistles but needing a mechanic's certification to change a tire. A key differentiator for e-conomic is its robust automation tools, such as automatic invoice reading and attachment matching, which streamline tedious accounting tasks. However, the software's integration setup can be a bit of a head-scratcher, often requiring technical expertise. Furthermore, while e-conomic is praised for its cloud-based efficiency and secure data access, some users find the interface clunky, especially for more complex tasks, like navigating a labyrinthine library. In essence, e-conomic appears best suited for businesses with some existing accounting infrastructure and technical know-how, much like a seasoned chef who can fully utilize a professional-grade kitchen. Smaller businesses or those lacking technical expertise might find the learning curve a tad steep.
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