Intuit QuickBooks Features
What are the features of Intuit QuickBooks?
General Ledger
- Journal Entries
- Audit Trail
Accounts Receivable
- Invoice Customization
Accounts Payable
- Payment Processing
Other Functionality
- Reconciliations
Reporting & Analytics
- Financial Statements
- Custom Reporting
- Budgeting / Forecasting
- Dashboards
Platform
- User, Role, and Access Management
- Performance and Reliability
Integration
- Data Import and Export Tools
Cash Flow
- Income and Expenses
Budgeting & Forecasting
- Budgeting / Forecasting
Payroll
- Reporting and Dashboards
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General Ledger
Journal Entries | Increases user efficiency by auto-populating based on previously entered information. Schedules future entries. Allows Journal Entries to be uploaded from an external source. This feature was mentioned in 165 Intuit QuickBooks reviews. | 82% (Based on 165 reviews) | |
Tags / Dimensions | As reported in 152 Intuit QuickBooks reviews. Ability to tag all transaction in the general ledger with customizable dimensions, classes, categories, etc. These dimensions should be available on any transaction in any module in the system and available to be reported upon. | 77% (Based on 152 reviews) | |
Audit Trail | Based on 158 Intuit QuickBooks reviews. Automates chronological tracking of transactions that have affected a specific operation, procedure, event or record | 84% (Based on 158 reviews) |
Accounts Receivable
Invoice Customization | The layout of the invoice template is fully customizable and you can add or remove fields. This feature was mentioned in 158 Intuit QuickBooks reviews. | 83% (Based on 158 reviews) | |
AR Automation | Automation helps the user be more efficient by populating default customer data, setting up systematic payments from clients and automatically matching customer receipts to outstanding transactions. This feature was mentioned in 142 Intuit QuickBooks reviews. | 76% (Based on 142 reviews) | |
Collections Automation | The system automates the dunning process to help drive collections 144 reviewers of Intuit QuickBooks have provided feedback on this feature. | 75% (Based on 144 reviews) |
Accounts Payable
AP Automation | Steamlines data entry by auto populating recurring or predefined vendor values This feature was mentioned in 147 Intuit QuickBooks reviews. | 76% (Based on 147 reviews) | |
Payment Processing | As reported in 155 Intuit QuickBooks reviews. Ability to manage, track and report on numerous payment types. Customize and automate complex purchase to pay work flow. | 83% (Based on 155 reviews) | |
Purchase Orders | Software supports purchase orders and provides purchasing personnel, management and accounts payable with visibility needed to streamline the procure to pay process 148 reviewers of Intuit QuickBooks have provided feedback on this feature. | 79% (Based on 148 reviews) |
Other Functionality
Inventory Tracking / Ordering | As reported in 129 Intuit QuickBooks reviews. Real time inventory tracking. Maintains accurate "On Hand" infomation by matching reserved inventory requested on purchase and sales orders. | 73% (Based on 129 reviews) | |
Inventory Pricing and Costing | Ability to establish multiple price levels. Update pricing on a per item or global inventory basis. Choice between multiple costing methods such as Average, LIFO, FIFO and Specific Unit. This feature was mentioned in 130 Intuit QuickBooks reviews. | 73% (Based on 130 reviews) | |
Inventory Reporting | See feature definition | Based on 130 Intuit QuickBooks reviews. Customizable reporting allows insight into usage of inventory and services. | 75% (Based on 130 reviews) |
Multi-Entity / Consolidation | Based on 136 Intuit QuickBooks reviews. Multi-ledger and multi-tenant architecture. Automated consolidations, inter-entity transactions and eliminations | 75% (Based on 136 reviews) | |
Recognition Rules | Automates recognition of revenue and expenses by defining recognition rules. 144 reviewers of Intuit QuickBooks have provided feedback on this feature. | 77% (Based on 144 reviews) | |
Reconciliations | Based on 155 Intuit QuickBooks reviews. Transactions are imported from source systems and automated matching reconciles majority of transactions. Includes user flexible, user defined matching and grouping rules to help reduce the time needed to produce accurate reconciliations. | 84% (Based on 155 reviews) | |
Payroll | As reported in 143 Intuit QuickBooks reviews. Payroll module or integration to an external payroll provider which automates the recording of payroll | 78% (Based on 143 reviews) | |
Time and Expense | Automated time and expense capture, tracking, approval, reimbursement and reporting This feature was mentioned in 141 Intuit QuickBooks reviews. | 82% (Based on 141 reviews) |
Reporting & Analytics
Financial Statements | Based on 171 Intuit QuickBooks reviews. General reporting offered covers all of the standard financial statements and meets the basic needs of the business | 86% (Based on 171 reviews) | |
Custom Reporting | As reported in 167 Intuit QuickBooks reviews. Reports created by the user to cater to specific requirements. If you can build it in Excel, you can build it in the custom report writer | 82% (Based on 167 reviews) | |
Budgeting / Forecasting | As reported in 154 Intuit QuickBooks reviews. Create and revise an unlimited number of budget, plan and forecast scenarios. | 80% (Based on 154 reviews) | |
Dashboards | As reported in 156 Intuit QuickBooks reviews. An easy to read, often single page, real-time user interface, showing a graphical presentation of the current status and historical trends of an organization's Key Performance Indicators (KPIs) to enable instantaneous and informed decisions to be made at a glance | 83% (Based on 156 reviews) |
Platform
Customization | As reported in 151 Intuit QuickBooks reviews. Allows administrators to customize to accommodate their unique process. Includes ability to create custom objects, fields, rules, calculations, and views. | 77% (Based on 151 reviews) | |
Workflow Capability | Automates a process that requires a series of steps that typically require intervention by several different users. Administrators can write rules to determine who and when a user needs to complete a step. Also includes notification of users when they need to take action. 140 reviewers of Intuit QuickBooks have provided feedback on this feature. | 79% (Based on 140 reviews) | |
User, Role, and Access Management | As reported in 161 Intuit QuickBooks reviews. Grants access to select data, features, objects, etc. based on the users, user role, groups, etc. | 84% (Based on 161 reviews) | |
Internationalization | Enables users to view and transact business with the same content in multiple languages and currencies. 131 reviewers of Intuit QuickBooks have provided feedback on this feature. | 75% (Based on 131 reviews) | |
Performance and Reliability | Based on 163 Intuit QuickBooks reviews. Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took. | 86% (Based on 163 reviews) | |
Output Document Generation | Allows administrators to create templates that enable users to quickly generate dynamic documents in various formats based on the data stored in the application.
This feature was mentioned in 145 Intuit QuickBooks reviews. | 83% (Based on 145 reviews) |
Integration
Data Import and Export Tools | Ability to input, modify and extract data from the application in bulk through a structured file. 161 reviewers of Intuit QuickBooks have provided feedback on this feature. | 81% (Based on 161 reviews) | |
Integration APIs | As reported in 138 Intuit QuickBooks reviews. Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications. | 75% (Based on 138 reviews) | |
Breadth of Partner Applications | Based on 134 Intuit QuickBooks reviews. To what extent are there partner applications readily available for integrating into this product? Partner applications typically provide complementary, best of breed functionality not offered natively in this product. | 76% (Based on 134 reviews) |
Cash Flow
Track Cash Flow | Based on 147 Intuit QuickBooks reviews. Check cash on hand at the beginning of each month and view each day’s incoming and outgoing funds. | 83% (Based on 147 reviews) | |
Income and Expenses | As reported in 162 Intuit QuickBooks reviews. Add one-time or recurring cash flow items and add line items for each payment or deposit. | 89% (Based on 162 reviews) | |
File Exports | Based on 150 Intuit QuickBooks reviews. Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis. | 84% (Based on 150 reviews) |
Budgeting & Forecasting
Budgeting / Forecasting | Create and revise an unlimited number of budget, plan and forecast scenarios. This feature was mentioned in 154 Intuit QuickBooks reviews. | 80% (Based on 154 reviews) | |
Data Import | As reported in 143 Intuit QuickBooks reviews. Import trial balance, monthly P&L, balance sheets, and other types of financial data | 79% (Based on 143 reviews) | |
Versioning | Based on 124 Intuit QuickBooks reviews. Keeps track of all versions of a budget and allows users to compare versions | 71% (Based on 124 reviews) | |
Historical Data | Based on 143 Intuit QuickBooks reviews. Forecasting is based on past transactions and historical financial or operational data | 82% (Based on 143 reviews) |
Revenue
Revenue Types | Based on 147 Intuit QuickBooks reviews. Supports multiple types of revenues, such as recurring and transaction based | 85% (Based on 147 reviews) | |
Revenue Allocation | Allows users to allocate revenues to various business entities or departments 142 reviewers of Intuit QuickBooks have provided feedback on this feature. | 84% (Based on 142 reviews) | |
Scheduling | Automatic scheduling to ensure that revenue is recognized at the proper time 127 reviewers of Intuit QuickBooks have provided feedback on this feature. | 75% (Based on 127 reviews) |
Payroll
Direct Deposit | Based on 137 Intuit QuickBooks reviews. Automatically deposits paychecks into employees' bank accounts. | 81% (Based on 137 reviews) | |
Check/W-2 Printing | As reported in 141 Intuit QuickBooks reviews. Allows administrators to print valid paychecks and W-2 forms. | 81% (Based on 141 reviews) | |
Tax Calculation | Calculates taxes due and may include resources or tools for federal and state tax compliance. This feature was mentioned in 140 Intuit QuickBooks reviews. | 82% (Based on 140 reviews) | |
Reporting and Dashboards | Based on 154 Intuit QuickBooks reviews. Access pre-built and custom reports and dashboards to track payroll costs and for compliance purposes. | 85% (Based on 154 reviews) |
AI
Data Extraction | Based on 10 Intuit QuickBooks reviews. Uses AI to automatically input data from receipts, invoices, and other documents | 77% (Based on 10 reviews) | |
Invoice Processing | Uses AI to generates, send, and track invoices | Not enough data | |
Expense Management | Uses AI to categorize expenses, detect anomalies, and provide insights on spending patterns | Not enough data | |
Fraud Detection | Uses AI to detect unusual patterns and flag potential fraudulent activities in real-time | Not enough data | |
Tax Compliance | Uses AI to assist in calculating taxes, ensuring compliance with changing tax regulations, and automate the preparation of tax returns | Not enough data | |
Support Chatbots | Uses AI and NLP-powered chatbots to provide customer support and assist with queries regarding financial data and reports | Not enough data | |
Bank Reconciliations | Uses AI to match transactions recorded in the accounting system with those in bank statements | Not enough data | |
Report Generation | Uses AI to generate detailed financial reports, dashboards, and visualizations to provide insights into the financial health of the business | Not enough data | |
Customizable Alerts | Uses AI to set up alerts for various financial activities, such as payment due dates or low cash balances | Not enough data | |
Predictive Analytics | Uses AI to analyze data to identify trends and make predictions | Not enough data |
Mobile Applications - Accounting
Cloud Integration | Enables synchronization of accounting data across devices in real-time | Not enough data | |
Notifications | Send push notifications for important updates, such as due dates, invoice statuses, or tax deadlines | Not enough data | |
UI | Simplifies interfaces to be user-friendly and tailored for smaller screens, such as mobile phones and tables | Not enough data | |
Offline | Allows users to view and update certain data without an internet connection | Not enough data | |
Expense Tracking | Allows users to capture and upload expense receipts directly from mobile devices | Not enough data | |
Invoice Management | Enables creation, editing, and sending of invoices | Not enough data |
