QuickBooks Canada Review

flag 7 million customers worldwide
  • Exclusive FREE 30-day trial

  • Save an average of $2,100+ per year

  • Cloud-based & accessible on multiple devices

  • Trusted & used by professional accountants

Pros & Cons

  • Robust and secure cloud-based software
  • Customizable, intuitive dashboard & reports
  • Numerous integrations
  • Bank & credit card linking/synchronization
  • Lack of 24/7 customer phone support
  • Payroll costs extra
  • Learning curve

Plans & Pricing

QuickBooks offers a 30-day free trial, during which you can experience everything the software provides. If you enjoy using the software during your trial, you can subscribe to one of four plans. There is currently 50% off for the first 6 months on each of these plans.

All QuickBooks Online plans come with the base features of tracking income & expenses, customized invoicing & accepting payments, maximizing tax reductions, running reports, capturing & organizing receipts, sending estimates, tracking sales & sales tax, and tracking mileage. Customers can add full-service payroll services to any level plan for $20.00 per month + $3 per employee per month.

EasyStart

Exclusive Offer – $10 per month for the first 6 months, $20 per month afterward.

EasyStart is the base plan. You can track sales, income & expenses, organize receipts, track mileage, maximize tax deductions, and send estimates that can later be converted to invoices. This plan is best suited for sole proprietors, as it only allows one user.

Essentials

Exclusive Offer – $20 per month for the first 6 months, $40 per month afterward.

The Essentials plan comes with all the features of base plan plus, multi-currency support for overseas clients, managing vendors & suppliers and time tracking. This plan allows up to 3 users.

Plus

Exclusive Offer – $30 per month for the first 6 months, $60 per month afterward.

The Plus plan, intended for small to mid-sized corporations, partnerships, and nonprofits. This plan comes with all the features of the Essentials plan, plus the ability to track projects & inventory. . If your business is continually taking on new ventures, you can see how much you’re making on each one and allocate all expenses and unbilled work to the specific project. Together with the more advanced features, this plan also allows up to 5 users.

QuickBooks is pricier than most, but its features certainly make up for that. The introductory pricing saves you some cash, too.

EasyStart
$10/month
Essentials
$20/month
Plus
$30/month

Overview

QuickBooks Online is a small business cloud accounting software that allows users to manage their business anywhere, anytime, and on any device. With over 7 million customers worldwide, QuickBooks provides smart tools to help save time and money.

Track business income & expenses with ease, send invoices, accept online payments, manage inventory, run payroll, & more to help you make better business decisions, and take the stress out of tax time. QuickBooks is easy to use and no prior accounting knowledge is necessary. QuickBooks securely backs-up data and keeps users up-to-date with free software updates.

Rating

  • "Price"
    9 /10
  • "Features"
    9 /10
  • "Ease of Use"
    8.5 /10
  • "Help and Support"
    9 /10

Features and Functionality

Business Insights and Reporting

You can generate succinct balance sheets,

P&L statements, and other reports with the click of a button. You can also export reports as needed with ease.

Customer Quoting, Invoicing, and Payment Tracking

QuickBooks has a suite of quoting and invoicing features that make it easy to provide customers quotes, send custom invoices, and keep track of payments. You can set up recurring invoices, send payment reminders, track the status of specific client/customer payments.

Adding a Pay Now button directly to the invoices gives customers the option to pay online by credit card/ apple pay in just a couple of clicks.

QuickBooks supports multiple currencies & up to 6 languages for invoicing.

QuickBooks lets you account for discounts, shipping, and taxes, making organization and recordkeeping easy.

Expense Tracking

QuickBooks Projects feature helps track & account for billable expenses. All project-related information such as invoices, expenses, hours worked, and more is tracked in one place. With the mobile app users can take photos of receipts & attach them to bank transactions ahead of tax time.

Time Tracking

QuickBooks Time is an add-on feature that helps track employee time on the go. Employees can clock in or out with just one click. Perfect for businesses that manage remote workforce or build employee schedules by jobs or shifts.

Project Tracking

QuickBooks Plus lets you evaluate the potential profitability of individual projects for better decision-making. Since you can add up to five employees, multiple people can analyze the project.

Mileage Tracking

QuickBooks’ Self-Employed offers a mileage tracker so you can track and write off business miles.

With QuickBooks Online mobile app users can automatically track mileage and can categorize trips by swiping LEFT (business) or RIGHT (personal) to accurately calculate deductions & tax savings. Since the app only tracks users when they are moving – it does not drain the phone battery.

This feature uses your phone’s GPS to track distance traveled automatically. You can then categorize miles as personal or business as needed.

Payroll Processing

For an additional charge, full payroll services can be added to any level plan. This includes full-service payroll and paying employees via next-day direct deposits. Automatically prepare and file T4s, T4As, and Relevé 1s for employees and contractors. QuickBooks also assists in filing forms for employees at year-end.

Ease of Use

QuickBooks’ interface can take a little getting used to, especially if you’re a beginner. Fortunately, Intuit offers an extensive library of video tutorials to guide you in setting up your account and using QuickBooks. Plus, you can find additional online help through third-party tutorials (like YouTube walkthroughs) because QuickBooks is so popular.

Still, you can pay QuickBooks to set up the account for you.

With that said, QuickBooks has quite an intuitive interface. Once you familiarize yourself with the program, you should find it easy to navigate around it.

Add-ons and Integrations

QuickBooks offers payroll add-ons for an extra monthly fee. This is currently $20 per month and $3 per employee per month. With this add-on, you can pay the employees with direct deposit without any additional cost. You can also automatically calculate the taxes on each payroll run. Moreover, you get access to payroll reports to get all the info you need.

QuickBooks supports integrations with numerous third-party products as well:

  • Transaction importing from PayPal, Square, or your financial institution
  • Sales and sales tax tracking for Shopify and other major e-commerce platforms
  • Payment processing for PoS or mobile card readers
  • Accounts payable automation through Bill.com
  • File both federal and state payroll taxes directly from your dashboard
  • Download the QuickBooks app on both Androids and iPhones
  • Sync Method: CRM to keep track of all customer interactions

Lastly, QuickBooks can connect you to a QuickBooks-certified bookkeeper if you need someone to handle your books.

Customer support

QuickBooks offers online chat and phone customer support 9am – 6.30pm ET during the week, and 10am – 4pm ET on Saturdays and Sundays. Customer support is fairly responsive, although a few online have complained about reaching them. In addition to customer support, you can access all of QuickBooks’ educational resources, including FAQs, video tutorials, the QuickBooks blog, and the forums.

  • Phone Support
    Phone support is available 9am – 6.30pm ET during the week, and 10am - 4pm ET on Saturdays and Sundays.
  • Live Online Chat
    Online chat support is also available.
  • Email
    Email QuickBooks a question, and they’ll get back to you shortly.
  • Video Tutorials
    QuickBooks offers a wealth of tutorial videos. You can find more walkthroughs on YouTube.
  • FAQ
    QuickBooks has a large FAQ library.
  • Community Forum
    If QuickBooks’ resources can’t answer your question, you can ask it in the community forums.
  • Blog
    QuickBooks’ blog is full of helpful information.

Final Word

QuickBooks has set the standard for small and mid-sized business accounting software. It provides an array of powerful features — from reporting to invoicing and more. With three available plans and several helpful additions/add-ons, QuickBooks can be customized to fit nearly any small or mid-sized company.

Intuit ensures user-friendliness by offering multiple avenues of customer support, a vast collection of learning resources, and continuous updates. Overall, an investment in QuickBooks can make your business accounting a lot easier.

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Murad Jaffery>
Murad Jaffery
author

Murad Jaffery is a chartered accountant specializing in the field of accounting and finance. He has been writing on these areas for nearly a decade, and is also an accounting tutor. He holds master’s degrees in accountancy and English literature. Murad enjoys traveling and reading.

We make the best effort to present up-to-date information; however, the terms of each offer can be revised according to the service provider’s discretion. The above shall not be considered as an expert or professional advice for any matter.

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