QuickBooks Online Advanced Features

General Ledger (3)

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. 160 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Tags / Dimensions: 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. 153 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Audit Trail: As reported in 166 QuickBooks Online Advanced reviews. Automates chronological tracking of transactions that have affected a specific operation, procedure, event or record

Accounts Receivable (3)

Invoice Customization: The layout of the invoice template is fully customizable and you can add or remove fields. This feature was mentioned in 169 QuickBooks Online Advanced 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. 155 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Collections Automation: As reported in 137 QuickBooks Online Advanced reviews. The system automates the dunning process to help drive collections

Accounts Payable (3)

AP Automation: Steamlines data entry by auto populating recurring or predefined vendor values 149 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Payment Processing: As reported in 170 QuickBooks Online Advanced reviews. Ability to manage, track and report on numerous payment types. Customize and automate complex purchase to pay work flow.
Purchase Orders: Software supports purchase orders and provides purchasing personnel, management and accounts payable with visibility needed to streamline the procure to pay process This feature was mentioned in 140 QuickBooks Online Advanced reviews.

Other Functionality (7)

Inventory Tracking / Ordering: As reported in 122 QuickBooks Online Advanced reviews. Real time inventory tracking. Maintains accurate "On Hand" infomation by matching reserved inventory requested on purchase and sales orders.
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. 122 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Inventory Reporting: As reported in 121 QuickBooks Online Advanced reviews. Customizable reporting allows insight into usage of inventory and services.
Recognition Rules: Automates recognition of revenue and expenses by defining recognition rules. 151 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Reconciliations: 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. This feature was mentioned in 186 QuickBooks Online Advanced reviews.
Payroll: Payroll module or integration to an external payroll provider which automates the recording of payroll This feature was mentioned in 140 QuickBooks Online Advanced reviews.
Time and Expense: Based on 136 QuickBooks Online Advanced reviews. Automated time and expense capture, tracking, approval, reimbursement and reporting

Reporting & Analytics (4)

Financial Statements: As reported in 186 QuickBooks Online Advanced reviews. General reporting offered covers all of the standard financial statements and meets the basic needs of the business
Custom Reporting: As reported in 180 QuickBooks Online Advanced 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
Budgeting / Forecasting: Create and revise an unlimited number of budget, plan and forecast scenarios. 165 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Dashboards: 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 This feature was mentioned in 182 QuickBooks Online Advanced reviews.

Platform (5)

Customization: Allows administrators to customize to accommodate their unique process. Includes ability to create custom objects, fields, rules, calculations, and views. This feature was mentioned in 172 QuickBooks Online Advanced 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. This feature was mentioned in 151 QuickBooks Online Advanced reviews.
User, Role, and Access Management: Based on 180 QuickBooks Online Advanced reviews. Grants access to select data, features, objects, etc. based on the users, user role, groups, etc.
Performance and Reliability: 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. This feature was mentioned in 185 QuickBooks Online Advanced reviews.
Output Document Generation: As reported in 165 QuickBooks Online Advanced reviews. Allows administrators to create templates that enable users to quickly generate dynamic documents in various formats based on the data stored in the application.

Integration (3)

Data Import and Export Tools: As reported in 168 QuickBooks Online Advanced reviews. Ability to input, modify and extract data from the application in bulk through a structured file.
Integration APIs: As reported in 124 QuickBooks Online Advanced 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.
Breadth of Partner Applications: 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. This feature was mentioned in 137 QuickBooks Online Advanced reviews.

Cash Flow (3)

Track Cash Flow: Check cash on hand at the beginning of each month and view each day’s incoming and outgoing funds. This feature was mentioned in 156 QuickBooks Online Advanced reviews.
Income and Expenses: As reported in 169 QuickBooks Online Advanced reviews. Add one-time or recurring cash flow items and add line items for each payment or deposit.
File Exports: As reported in 152 QuickBooks Online Advanced reviews. Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis.

Budgeting & Forecasting (3)

Budgeting / Forecasting: As reported in 165 QuickBooks Online Advanced reviews. Create and revise an unlimited number of budget, plan and forecast scenarios.
Data Import: As reported in 142 QuickBooks Online Advanced reviews. Import trial balance, monthly P&L, balance sheets, and other types of financial data
Historical Data: Forecasting is based on past transactions and historical financial or operational data 142 reviewers of QuickBooks Online Advanced have provided feedback on this feature.

Revenue (2)

Payroll (4)

Direct Deposit: Automatically deposits paychecks into employees' bank accounts. 127 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Check/W-2 Printing: As reported in 121 QuickBooks Online Advanced reviews. Allows administrators to print valid paychecks and W-2 forms.
Tax Calculation: As reported in 134 QuickBooks Online Advanced reviews. Calculates taxes due and may include resources or tools for federal and state tax compliance.
Reporting and Dashboards: Access pre-built and custom reports and dashboards to track payroll costs and for compliance purposes. This feature was mentioned in 146 QuickBooks Online Advanced reviews.

AI (10)

Data Extraction: Uses AI to automatically input data from receipts, invoices, and other documents 29 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Invoice Processing: Uses AI to generates, send, and track invoices 30 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Expense Management: Based on 30 QuickBooks Online Advanced reviews. Uses AI to categorize expenses, detect anomalies, and provide insights on spending patterns
Fraud Detection: Uses AI to detect unusual patterns and flag potential fraudulent activities in real-time 29 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Tax Compliance: Uses AI to assist in calculating taxes, ensuring compliance with changing tax regulations, and automate the preparation of tax returns 29 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Support Chatbots: Uses AI and NLP-powered chatbots to provide customer support and assist with queries regarding financial data and reports This feature was mentioned in 27 QuickBooks Online Advanced reviews.
Bank Reconciliations: Uses AI to match transactions recorded in the accounting system with those in bank statements 32 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Report Generation: As reported in 31 QuickBooks Online Advanced reviews. Uses AI to generate detailed financial reports, dashboards, and visualizations to provide insights into the financial health of the business
Customizable Alerts: Based on 29 QuickBooks Online Advanced reviews. Uses AI to set up alerts for various financial activities, such as payment due dates or low cash balances
Predictive Analytics: Uses AI to analyze data to identify trends and make predictions This feature was mentioned in 29 QuickBooks Online Advanced reviews.

Mobile Applications - Accounting (6)

Cloud Integration: Enables synchronization of accounting data across devices in real-time This feature was mentioned in 27 QuickBooks Online Advanced reviews.
Notifications: As reported in 27 QuickBooks Online Advanced reviews. Send push notifications for important updates, such as due dates, invoice statuses, or tax deadlines
UI: Based on 26 QuickBooks Online Advanced reviews. Simplifies interfaces to be user-friendly and tailored for smaller screens, such as mobile phones and tables
Offline: Allows users to view and update certain data without an internet connection 27 reviewers of QuickBooks Online Advanced have provided feedback on this feature.
Expense Tracking: Based on 27 QuickBooks Online Advanced reviews. Allows users to capture and upload expense receipts directly from mobile devices
Invoice Management: As reported in 28 QuickBooks Online Advanced reviews. Enables creation, editing, and sending of invoices