The reporting tool does not support consolidated or combined financial statements natively, although one might be able to create consolidated financials by using a traditional engagement management application (e.g. The new user interface has some key financial metrics on a dashboard and a customizable snapshot report, but the reporting tools are not as flexible as the tools available in the QuickBooks desktop application. The reporting engine for operational reports has been updated, and gives users the ability to modify and memorize reports in a variety of ways.
INTUIT QUICKBOOKS PRO 2014 UPDATE
QBOA does not includes a depreciation application, and there is not an easy way to group accounts, customize formatting, and automatically update presentation quality financial statements. A new integrated benchmarking report is available in QBO which compares the company’s key financial metrics to anonymized aggregated data for others in the same industry group. QBO and QBOA are oriented to helping clients manage sales, A/R, bills, and A/P through the Customer and Vendor tabs, which are well laid out and easy to use. The similar menu structures for the traditional, on-premises application and QBO should increase long-term efficiency of those who work with both applications. Because of this transition, current QBO users will require some time to adjust to the new menus, resulting in some initial frustration for long time users. Intuit is in the process of rolling out an attractive new user interface for QBO and QBOA which will be similar to the new tabbed design released in QuickBooks 2014. This keeps bookkeepers performing traditional write-up services from being able to perform fast, keyboard-only, heads-down data entry on multiple transactions. QBOA does not include a good interface for batch data entry of transactions, although there is less of a need to enter transactions directly due to the application’s support for batch import of transactions and direct integration with thousands of US financial institutions.The product does not have a data entry screen which is designed for the quick entry of limited details related to multiple transactions (e.g. This menu includes tools for reclassifying transactions, access to key tools like account reconciliation, closing the books as of a specific date, and void/deleted transaction reports. The Accountant version of the application, known as QuickBooks Online for Accountants (QBOA) is robust, and has an Accountant Center which lists key tools for bookkeeping and accounting. Most accounting is done under the tabs for transactions, reports, and sales tax. The application is oriented around “centers,” which provide direct access into the management of customers, vendors, employees. QBO is generally a forms-oriented application with a wide range of capabilities.
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