For example, you can add a maximum of 25 users at the same price, but that feature is available only at the highest price point of the software (which is six times more expensive than the basic plan). One of the least appealing aspects of QuickBooks service is its pricing. QuickBooks Online comes with a myriad of features, but they are expensive to maintain. Maintaining and adding features is expensive.However, the cons of QuickBooks Online are non-negligible. Disadvantages of Using QuickBooks OnlineĪccording to online feedback from customers, there are various advantages of QuickBooks (e.g., integration with third-party apps, payroll automation, expense tracking, remote access, etc.). That explains why QuickBooks is pushing their customers into a SaaS environment. On the other hand, business owners and decision-makers move to the cloud because it reduces their IT setup and maintenance costs (just by moving to a cloud infrastructure, they can reduce costs by up to 30%). Naturally, the rise of cloud-based SaaS platforms has led many software development companies redirecting their resources from on-premise to cloud-based accounting solutions. They’ve also drastically reduced the number of QuickBooks Desktop versions available for sale on their official website. Intuit (the company that developed QuickBooks) now promotes QuickBooks Online as their primary offering, encouraging consumers to go with the online version. Everything depends on your needs and what you are comfortable using, meaning that there is no straightforward solution to that dilemma. QuickBooks Online was introduced in 2000, and since then, freelancers and business owners have struggled to determine which version is their best bet. Also, it is a cloud-based software, which means that you can view your financial data anytime and anywhere from any device connected to the internet. There are a few versions of QuickBooks, and QuickBooks Online is perhaps the most popular online accounting software for SMBs because it is easy-to-use, affordable, and well-understood by accountants and bookkeepers.