QuickBooks Online vs Plooto

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Our analysts compared QuickBooks Online vs Plooto based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Plooto Software Tool

Product Basics

QuickBooks Online is a cloud-based accounting software designed for small and medium-sized businesses. It simplifies bookkeeping tasks like tracking income and expenses, managing invoices and payments, and generating financial reports. Its user-friendly interface and mobile accessibility make it ideal for entrepreneurs and non-accountants. Key benefits include automated data entry, real-time financial insights, and seamless collaboration with other online tools. Popular features include inventory management, payroll integration, and tax preparation assistance. Compared to similar products, QuickBooks Online shines in ease of use and scalability, offering tiered plans with varying features and pricing. Costs typically range from monthly subscriptions based on the number of users to additional fees for payroll and advanced features.

Pros
  • Easy to use
  • Mobile access
  • Automated tasks
  • Scalable plans
  • Integrates well
Cons
  • Limited customization
  • Costly add-ons
  • Customer support
  • Reporting restrictions
  • Learning curve
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Plooto is an automated accounts payable and receivable software that helps its users collect one-time or recurring payments and pay the vendors on time. It can integrate with QuickBooks and Xero. Businesses can reduce AR and AP processes with robust modules like pre-authorized debit agreements, customizable approval workflows and more. It allows payment approvals from the designated person from anywhere. With it, users can eliminate data entry problems and keep a complete audit trail of all transactions.
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$25 Monthly
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Tailored to your specific needs
$25 Monthly
Get a free price quote
Tailored to your specific needs
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Windows
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Android
Chromebook
Windows
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Linux
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Cloud
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Product Assistance

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Knowledge Base
24/7 Live Support
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24/7 Live Support

Product Insights

  • Streamline Processes: Input, revise and deliver numerous invoices, expenses, checks and bills in just a few clicks with the batch invoicing module. Users may also cut and paste invoices and data from Excel into QuickBooks. 
  • Establish Permissions: Govern who may or may not review sensitive data as well as adjust custom permissions for deposits, sales, transactions and expense reports among other things with the user permissions functionality.  
  • Diminish Errors: Alleviate hazards, modify reminders and triggers, save time and initiate prompt reminders to obtain greater cash flows with the workflows accessory. 
  • Effortlessly Restore Data: Promptly back up any changes made in QuickBooks Online in addition to reviewing version histories with all changes made in its handy time log. 
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  • Faster Payment Approval: Start approval processes immediately after account creation. Approve payments with a single click for one person or multiple people via the cloud. 
  • Seamless Money Transfer:: Send forms through emails to receiving parties to fill up their bank details and make payments after that. 
  • Automatic Invoice Reconciliation: Integrate with different accounting software. Mark payments as paid automatically after the transfer is complete. 
  • Flexible Payment Options: Provide various payment options. Clients can pay via credit cards or set up pre-authorized debits with an automatic withdrawal feature. 
  • Track Payments: Set up alerts for clients to notify about emails and get faster payments. Create reminders for nearly due or overdue payments. 
  • Network: Add vendors and suppliers quickly. Integrate business payments by credit cards, checks, e-transfers or ACH/EFT into a single platform. Gain real-time visibility into financial data and cash flows and reduce the overall cost. 
  • Security: Ensure the safety of sensitive bank details with its robust security feature. Offer comprehensive protection with the Automatic Clearing House and Electronic Funds Transfer Payment features. 
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  • Income and Expense Tracking: Import bank, credit card, PayPal, Square and other transactions as well as promptly sort them into the right tax categories with the income and expense tracking module. Users may also take pictures of receipts with their smartphones and link them directly to expenses. 
  • Invoicing: Trace invoice statuses, deliver payment reminders to patrons, immediately match payments to invoices, accept credit cards and complete free bank transfers directly from an invoice with the invoicing attribute. 
  • Estimations: Transform estimates into invoices, validate mobile signatures, review estimate statuses and modify estimates to align with business requirements via the estimations appliance. 
  • Reporting: Create a variety of reports, including product profit and loss, expense, balance sheet, inventory, enhanced sales, profitability and other reports, through this attribute. Users may also oversee crucial financial metrics including cash flow and revenue on one dashboard. 
  • Organize Receipts: Expeditiously arrange and associate expense receipts with transactions, keeping them all in one place. 
  • Inventory Tracking: Receive alerts when inventory is running low as well as monitor products and the cost of goods with the inventory tracking system. Users may even evaluate popular items, draft purchase orders and superintend vendors.  
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  • Accounts Receivable: Import invoices and minimize authorization time with pre-authorized debit and recurring payments. Track invoices and get information on client payments. Gain complete visibility into pending, completed and new receivables from one place. 
  • Accounts Payable: Automate AP processes and control spending, time and efficiency. Import bills from the accounting software. Get notifications for requesting and receiving approvals. Add vendors, suppliers and billers in two clicks. Automate, route and personalize payment approvals using custom rules. Avoid lost invoices, manual AP tasks and paperwork. Obtain early payment discounts and ensure better cash management. 
  • International Payment: Transfer money within the US, Canada and other countries to run an international business. Make cross-border and international payments with a $9.99 fee. Get competitive exchange rates and manage different payment types on a single platform. 
  • CRA Payments: Make remittances to the Canadian Revenue Agency anywhere and anytime in one click. Facilitate touch-less government transfers with electronic workflows. 
  • Online Check Payment: Ensure faster and safer AP automation through electronic methods and traditional checks. Enable users to set up online payments and manage printing and shipping procedures. Allow automatic reconciliation with physical checks. Provide a complete audit trail of payments. 
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Product Ranking

#1

among all
Accounting Software

#187

among all
Accounting Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 97 100 100 91 93 100 100 100 82 92 65 100 100 96 100 0 25 50 75 100
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User Sentiment Summary

Great User Sentiment 9426 reviews
Great User Sentiment 442 reviews
84%
of users recommend this product

QuickBooks Online has a 'great' User Satisfaction Rating of 84% when considering 9426 user reviews from 6 recognized software review sites.

88%
of users recommend this product

Plooto has a 'great' User Satisfaction Rating of 88% when considering 442 user reviews from 2 recognized software review sites.

4.8 (23)
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4.0 (2386)
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4.4 (594)
4.35 (221)
4.3 (5581)
4.4 (221)
4.5 (26)
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4.1 (816)
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Awards

SelectHub research analysts have evaluated QuickBooks Online and concluded it deserves the award for the Best Overall Accounting Software available today and earns best-in-class honors for Accounts Receivable, Integration and Extensibility, Inventory Management, Platform Capabilities and Reporting and Analytics.

Analysts' Pick Award
Accounts Receivable Award
Integration and Extensibility Award
Inventory Management Award
Platform Capabilities Award
Reporting and Analytics Award

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Synopsis of User Ratings and Reviews

Easy to use: Intuitive interface and clear navigation make it accessible for users of various accounting experience levels.
Automated tasks: Streamlines workflows by automatically importing bank transactions, categorizing expenses, creating invoices, and sending reminders.
Real-time insights: Provides up-to-date financial information through customizable dashboards and reports, enabling informed decision-making.
Mobile accessibility: Access and manage finances anytime, anywhere with the mobile app.
Scalability: Grows with your business, offering different plans with varying features to accommodate evolving needs.
Integrations: Connects seamlessly with various business tools, such as bank accounts, payment gateways, and e-commerce platforms.
Payroll: Simplifies payroll processing, including tax calculations and direct deposits.
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Streamlined Accounts Payable: Plooto simplifies the entire bill payment process, from data entry and approvals to scheduling payments and syncing with accounting software.
Enhanced Accounts Receivable: Plooto enables businesses to get paid faster by offering convenient payment options to their customers, such as credit cards and ACH transfers.
Improved Cash Flow Management: Plooto provides real-time visibility into cash flow, allowing businesses to make informed decisions about their finances.
Reduced Manual Data Entry: Plooto automates many of the tasks associated with accounts payable and receivable, such as data entry and reconciliation, which can save businesses time and money.
Increased Security and Compliance: Plooto uses bank-level security measures to protect financial data, and it is compliant with industry regulations.
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Limited customization: Lacks flexibility in customizing certain features, such as reports and chart of accounts, compared to some alternatives.
Costly add-ons: Essential features like payroll and advanced reporting often require additional fees, increasing the overall cost of ownership.
Customer support: Mixed reviews on the quality and availability of customer support, with some users reporting delays or difficulty reaching knowledgeable representatives.
Reporting restrictions: Certain financial reports and data exports have limitations, potentially requiring workarounds or manual adjustments.
Learning curve: While generally user-friendly, some features and functionalities may have a learning curve for those new to accounting software.
Occasional glitches: Users have reported occasional bugs or glitches that can disrupt workflows, requiring troubleshooting or waiting for fixes.
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Limited International Payment Support: Plooto primarily focuses on the Canadian market, with limited support for international payments, which can be a significant drawback for businesses with global operations.
ACH Payment Processing Time: ACH payments through Plooto can take several business days to process, potentially causing delays in vendor payments and impacting cash flow management.
Customer Support Challenges: Some users have reported difficulties reaching Plooto's customer support, particularly during peak hours, leading to frustration and delays in resolving issues.
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QuickBooks Online remains a popular choice for many users, praised for its user-friendly interface and automated features. "It feels like Intuit took the complexity out of accounting and made it accessible even for someone like me with limited accounting experience," shared a small business owner. However, user reviews also highlight limitations, particularly around customization and cost. "I love the ease of use," stated a freelancer, "but the reporting options feel restrictive. I often have to export data and work with it in Excel to get the insights I need." This sentiment, coupled with complaints about the cost of add-ons like payroll, leads some users to compare QuickBooks Online to competitors. "Xero seems to offer more flexibility and advanced features," mentioned an accountant, "but the learning curve is steeper, and the monthly subscription is higher." Ultimately, the decision comes down to individual needs and priorities. For those seeking a balance of ease of use, automation, and affordability, QuickBooks Online continues to be a strong contender. However, users with more complex accounting needs or a desire for greater customization might find themselves looking towards competitors offering more robust features, even if it comes at a higher cost or with a steeper learning curve.

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Plooto has garnered significant attention for its ability to simplify the often complex world of business finances. Users frequently highlight its user-friendly interface and affordability as key strengths, making it a popular choice for small businesses seeking an efficient accounting solution. The software's comprehensive features, including automated invoicing, payment processing, and international transaction capabilities, further enhance its appeal. Plooto's seamless integration with popular accounting software like QuickBooks and Xero eliminates the need for manual data entry, saving time and reducing errors. However, some users have pointed out that Plooto's initial setup can be challenging, and occasional slowdowns can occur. Security concerns have also been raised, prompting Plooto to continuously improve its safety measures. While Plooto excels in streamlining payment processes and basic accounting tasks, businesses requiring more advanced accounting functionalities or those with stringent security requirements may need to explore alternative options. In conclusion, Plooto is an excellent fit for small to medium-sized businesses seeking an affordable and user-friendly solution to manage their accounts payable and receivable processes. Its automation capabilities and integration with existing accounting software can significantly improve efficiency and reduce manual workload. However, businesses with complex accounting needs or heightened security concerns should carefully evaluate whether Plooto fully meets their requirements before committing. Remember, the software landscape is constantly evolving, so it's always wise to check for the latest updates and reviews to make an informed decision.

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