QuickBooks Online Accountant Reveiw (2024): Pricing, Features and More

QuickBooks Online Accountant (QBOA) is a renowned platform created especially for accounting professionals. In this article, we will talk about QuickBooks Online Accountant features, costs, and benefits, and assist you in finding out if it meets your requirements.

Regardless if you are a professional accountant or just beginning, making your workflow simple and maximizing your efficiency is important. QuickBooks Online Accountant promises to provide the same with its effective centralized client management, collaborative characteristics, and automated tasks.

Keep reading to learn more.

What is QuickBooks Online Accountant Pricing?

Different accounting professionals can choose from a range of price choices offered by QuickBooks Online Accountants. You’ll be happy to hear that the platform is free if you’re looking for details about QuickBooks Online Accountants’ pricing structure.

You can obtain a link to the books of your clients by subscribing. Through the gateway, QuickBooks Online Advanced is also accessible. QuickBooks Online Advanced can be used by your business for bookkeeping as well. Since you have free access to the QuickBooks Online ProAdvisor program, you can use QuickBooks Online to assist all of your clients.

What is the ProAdvisor Preferred Pricing Program in QuickBooks Online?

This program includes exclusive discounts on QuickBooks Time, QuickBooks Online, and QuickBooks Payroll for their clients and accountants. In order to use this program, just begin new client subscriptions from the tab for Add Client in QuickBooks Online Accountant.

When a new QuickBooks Online client account is being set up, you get three billing methods to select from:

Direct Discount

With the help of the direct deposit method, your respective clients are billed directly rather than you paying instead for them. The discount rates can only be applied for the initial 12 months of subscription, however, the discount rates for Direct Discount and ProAdvisor Discount are the same.

ProAdvisor Discount

Receive a 30% discount when you pay for your client’s QuickBooks Online subscription. You can stop using it at any moment, and a monthly charge will be made to your business. You can charge your clients the full fee after paying QuickBooks the discounted amount. In the case that your client quits, you can give them the subscription, but they will still be responsible for the whole cost.

Revenue share

With the revenue-sharing billing option, your clients receive direct billing, just like with the direct discount option. For the first three months, new customers who join up for QuickBooks Online or Payroll will get a 50% discount. This savings is the same as if you bought the subscription straight from the QuickBooks website. QuickBooks will refund you 30% of the subscription fees your client pays for the first twelve months in exchange.

Now that you know about the three billing methods, let us learn about the key features of QuickBooks Online Accountant 2024.

What are the key Features of QuickBooks Online Accountant 2024?

QuickBooks Online Accountant has many characteristics to help you function very smoothly, work together with clients, and boost your business productivity plus operations.

Here are some of the main features of QuickBooks Online Accountant:

Workflow Automation:

• Automate Routine Tasks: QuickBooks Online Accountant is empowered to automate several routine tasks like issuing reports, sending invoices, and gathering payments. This enables you to get free time to focus on other important work.
• Set up Recurring Transactions: It is possible to set up recurring transactions for usual expenses and income like utilities, rent, and payroll. This assists in making sure that such transactions are recorded on time.
• Use Templates: QuickBooks Online Accountant offers a library of pre-built templates for general tasks like preparing statements, invoices, etc. It can save a lot of time and make sure the work is stable.

Client Management:

• Handle all Your Clients in one Place: QuickBooks Online Accountant enables you to include, handle, and work together with your clients in a single, integrated location.
• Personalize Client Permissions: It is possible to customize the access level that every client has for their financial data.
• Send Messages and Receive Messages: QuickBooks Online Accountant offers built-in messaging tools that enable you to connect with your clients via the platform directly.
• Monitor Client Activity: It is possible to monitor all activity that takes place in the account of every client, including the one who has used the account and the changes done.

Reporting:

• Prepare Custom Reports: QuickBooks Online Accountant enables you to prepare custom reports to address your particular requirements. It is possible to filter the reports by account, date, and other aspects.
• Export Reports: It is possible to export reports to Excel, PDF, or CSV format. This enables you to share reports with your team members or clients.
• Access Dashboards: QuickBooks Online Accountant offers a range of dashboards that offer an easy overview of the financial performance of your client.

Association:

• Teamwork: QuickBooks Online Accountant enables you to collaborate/associate with your particular team members on client work. This can assist you in boosting efficiency and productivity.
• Share Files: It is possible to share files with your team members and clients via the QuickBooks Online Accountant directly.

Additional features:

• Integrations: QuickBooks Online Accountant joins hands with several third-party applications like payroll software and time-tracking
• Security: QuickBooks Online Accountant is a secure platform that addresses all the industry standards required for data protection
• Mobile App: QuickBooks Online Accountant includes a mobile app that enables you to use your respective client data and work on it.

What do users have to say about QuickBooks Online Accountants?

The platform is easy to set up and operate, according to users who have used it. The platform’s user-friendly interface received praise from a user, indicating that it is a suitable option for startups.

Another user mentioned how helpful it was to have free access to the QuickBooks ProAdvisor program, particularly for handling their clients and bookkeeping. We wholeheartedly agree and stress that you are free to choose the period that works best for you to finish the certification training and exams.

What are the Best Alternatives for QuickBooks Online Accountants?

QuickBooks Online Accountant is a renowned accounting software, however there are certain alternatives present in the market.

Here is a detailed overview between the different alternatives of QuickBooks Online Accountant:

Features	QuickBooks Online Accountant	QuickBooks Accountant Desktop	Xero	TaxWorkFlow
Pricing	Free	From $799 Per Year	$149 Per Month	$1500 Per Year
Number of Users	1	1	10	Unilimited
Deployment Type	Cloud	Desktop	Cloud	Cloud and Desktop
Direct Access to Client’s Books	QuickBooks Online Users	No	Xero users	No
Custome Relationship Management (CRM)	No	No	No	No

What are the Advantages and Disadvantages of QuickBooks Online Accountants?

Both accountants and their clients can gain from using QuickBooks Online Accountants. But, before choosing if it’s the best option for you, carefully consider the advantages and disadvantages.

Advantages:

• Collaboration: Work with your clients in real-time which can boost your workflow and communication.
• Efficiency: Simplify your workflow and save a lot of time with certain automation features and tools like reconciliation and automatic data import.
• Accessibility: Use the QuickBooks Online data of your client anytime, anywhere with the help of an internet connection.
• Financial Overview: Get a comprehensive look at the financial health of your client with detailed dashboards and reports.
• Value Proposition: Provide your clients with a more valued service by offering real-time financial understandings and positive advice.

Disadvantages:

• Learning Curve: For new users, there might be a learning curve, since it offers extra features and functionalities in comparison to regular QuickBooks Online.
• Subscription Charges: Needs a distinct subscription to QuickBooks Online Accountant along with QuickBooks Online.
• Client Suitability: Might not be perfect for all clients, particularly those whose requirements are simple or those who do not want to use cloud-based software.
• Limited Features: All the features of QuickBooks Online are not present in QuickBooks Online Accountant. Some of the advanced features need upgrades.
• Limited Users: QuickBooks Online Advanced is created for a maximum of 25 users, which may not be adequate for bigger businesses.

QuickBooks Online Accountant is a revolutionary tool for companies looking to streamline and accelerate their bookkeeping procedures. This application checks all the requirements, from facilitating smooth client collaboration to optimizing financial management. Make use of QuickBooks Online Accountant’s capabilities to transform the way you perform accounting operations.

However, if you still get confused or need professional assistance, you can get in touch with us. You can talk to our Dancing Numbers team of experts and resolve your query as soon as possible.

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Frequently Asked Questions

Q1: Who requires QuickBooks Online Accountant?

Ans: QuickBooks Online Accountant is an important tool for an accounting expert, including:

• Accounting Firms of all Sizes
• Solo Accountants and Bookkeepers
• Financial Advisors
• Tax Preparers
• Other Professionals who offer Financial Services

Q2: What is the difference between QuickBooks Online Accountant and QuickBooks Online?

Ans: QuickBooks Online provides basic accounting functions for individuals and small companies. Designed specifically for accountants and bookkeepers, QuickBooks Online Accountant offers cutting-edge functionalities including strong collaboration, workflow automation, and client management. To put it briefly, it’s an enhanced and customized version that builds upon the fundamental functions.

Q3: What is the price of QuickBooks Online Accountant?

Ans: QuickBooks Online Accountant is completely free of cost.

Q4: How it is possible to import online clients and QuickBooks into QuickBooks Online Accountant?

Ans: To accomplish this, go to the Clients panel and select the Add Clients option. Remember, though, that in order for you to use QuickBooks Online, your client must invite you as an accountant. QuickBooks will provide a list of the companies where you are an accountant user while the import process is ongoing.