Is QuickBooks Online Advanced a Worthwhile Investment for Your Business?

04/18/24 • 54 min

Unofficial QuickBooks Accountants Podcast

In this episode, Hector and Alicia dive deep into the features and benefits of QuickBooks Online Advanced, exploring whether the additional cost is worth it for businesses. They compare and contrast QuickBooks Online Advanced with the standard QuickBooks Online Plus plan, highlighting key differences in user permissions, forecasting, batch editing, and more. The discussion also touches on the transition from QuickBooks Desktop to the online advanced version, providing insights for accountants and small business owners considering the move.

Sponsors
Client Hub- https://uqb.promo/clienthub
LiveFlow - https://uqb.promo/liveflow
Harbor Compliance - https://uqb.promo/harbor

(00:00) - Welcome to the Unofficial Quickbooks Accountants Podcast
(03:35) - Price Comparison: QuickBooks Online Advanced vs. Plus
(05:50) - User Capacity: A Major Selling Point
(07:17) - Forecasting: Advanced Budgeting Features
(08:57) - Spreadsheet Sync: A Game-Changer for Budgeting
(20:28) - Alicia's Correction About this Feature
(22:49) - Batch Create Transactions
(26:33) - Custom User Permissions: A Work in Progress
(29:17) - Diving Into Report Customization and Limitations
(31:11) - Workflow Automation and Task Notifications: A Closer Look
(44:53) - QuickBooks Online Advanced Tech Support
(46:39) - A Few Additional Features Not Listed on QuickBooks.com

Send your Questions/Comments (we could read/answer them on air) [email protected]
Links/Apps Mentioned in this episode:

Hector's App - RightTool www.righttool.app
Alicia's Training - RoyalWise http://royl.ws/uqapodcast
QuickBooks Connect Conference www.quickbooksconnect.com
Firm of the Future www.firmofthefuture.com

Sponsors
Client Hub- https://uqb.promo/clienthub
LiveFlow - https://uqb.promo/liveflow
Harbor Compliance - https://uqb.promo/harbor

(00:00) - Welcome to the Unofficial Quickbooks Accountants Podcast
(03:35) - Price Comparison: QuickBooks Online Advanced vs. Plus
(05:50) - User Capacity: A Major Selling Point
(07:17) - Forecasting: Advanced Budgeting Features
(08:57) - Spreadsheet Sync: A Game-Changer for Budgeting
(20:28) - Alicia's Correction About this Feature
(22:49) - Batch Create Transactions
(26:33) - Custom User Permissions: A Work in Progress
(29:17) - Diving Into Report Customization and Limitations
(31:11) - Workflow Automation and Task Notifications: A Closer Look
(44:53) - QuickBooks Online Advanced Tech Support
(46:39) - A Few Additional Features Not Listed on QuickBooks.com

Send your Questions/Comments (we could read/answer them on air) [email protected]
Links/Apps Mentioned in this episode:

Hector's App - RightTool www.righttool.app
Alicia's Training - RoyalWise http://royl.ws/uqapodcast
QuickBooks Connect Conference www.quickbooksconnect.com
Firm of the Future www.firmofthefuture.com

Previous Episode

QuickBooks Online Interface Upgrades

Hector and Alicia dive into the latest interface tweaks and small but impactful changes made to QuickBooks Online in the first quarter of 2024. From modernized reports with keyboard shortcuts and data source labeling to new refresh buttons and consistent font styles, they explore how these updates are enhancing the user experience for accounting professionals. They also discuss the future roadmap for QuickBooks Online's interface, including the potential for customizable settings and global preferences for accountants across client files.

Sponsors
Client Hub- https://uqb.promo/clienthub

(00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast
(02:12) - Diving Into QuickBooks Online's Latest Interface Tweaks
(02:28) - Exploring Modernized Reports in QuickBooks Online
(14:50) - The Evolution of QuickBooks Online's Bank Feeds
(19:35) - Enhancements in QuickBooks Online's Customer Detail Screen
(25:28) - New Features in QuickBooks Online's Expenses Tab and More
(32:53) - Final Thoughts and Future Hopes for QuickBooks Online
(34:45) - Wrapping Up with Personal Updates and Community Shoutouts

Send your Questions/Comments (we could read/answer them on air) [email protected]
Links/Apps Mentioned in this episode:

Hector's App - RightTool www.righttool.app
Alicia's Training - RoyalWise http://royl.ws/uqapodcast
QuickBooks Connect Conference www.quickbooksconnect.com
Firm of the Future www.firmofthefuture.com

Next Episode

Mastering Journal Entries in QuickBooks Online

In this episode, Hector and Alicia delve into using journal entries in QuickBooks Online, outlining when they're appropriate and when to avoid them. They offer insights into accounting workflows such as depreciation, tax adjustments, job costing, and class allocations. They also highlight advanced techniques like the adjusting entry checkbox and utilizing features like the reclassify transactions tool. The episode showcases the new journal entry import tool, explaining how to set up CSV files, map accounts, and overcome limitations, along with innovative uses like memo notes via zero-value entries. Whether you're an accountant, bookkeeper, or QuickBooks enthusiast, this episode enhances your understanding of journal entries and enhances efficiency in QuickBooks Online.

Sponsors
Client Hub- https://uqb.promo/clienthub
LiveFlow - https://uqb.promo/liveflow
Settle - https://uqb.promo/settle

(00:00) - Welcome to the Unofficial QuickBooks Accountants Podcast
(01:53) - Introduction to Journal Entries in QuickBooks Online
(09:33) - The Complexities of Adjusting AR and AP in QuickBooks
(20:13) - Advanced Journal Entry Techniques for Job Costing and Class Allocation
(28:49) - When to Avoid Using Journal Entries
(29:33) - QuickBooks Online: Reclassify Transactions Feature
(30:34) - The Power and Limitations of QuickBooks Online Accountant
(35:36) - Navigating QuickBooks Online: Importing Journal Entries
(45:04) - Advanced QuickBooks Online Features: Adjusting Journal Entries
(49:35) - Upcoming Courses and Personal Updates
(51:45) - Reflections and Closing Thoughts