QuickBooks Online

QuickBooks Online provides automated bookkeeping that learns categorization of income and expenses to match and record transactions. It handles invoicing, payments, expense tracking, and bill management. Users access financial data from any device with internet, enabling real-time collaboration and automatic updates. The platform integrates with third-party apps and offers customizable dashboards and reports. Recent updates include inventory features like done-for-you quantity adjustments, moving average cost accounting, item receipts, and sales order improvements in plans such as Plus and Advanced.

Primary Capabilities:

• Invoicing & Payments – Create, send, and track invoices; accept online payments.
• Expense & Bank Tracking – Connect bank accounts to track expenses and cash flow.
• AI-Assisted Automation – AI-enhanced tools like Intuit Assist to automate routine bookkeeping tasks.
• Payroll Management – Integrated payroll and employee time tracking.
• Financial Reporting – Generate reports for profit/loss, tax preparation, and forecasting.
• Integrations & Add-Ons – Support for third-party business applications across accounting, e-commerce, and payments.

Use Cases:

• Daily bookkeeping and transaction tracking.
• Invoicing customers and processing payments.
• Preparing financial reports and cash-flow analysis.
• Managing bills and vendor payments.
• Supporting multi-user accounting teams.