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Teri
Level 9

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@AdrianG001 - Agree QB does not work well for revenue beyond cash sales without doing workarounds. QB does not do accrual-basis revenue or complex revenue formulas without computing outside of system, which defeats the purpose of having a system in the first place if it cannot do the accounting you need in a matter of minutes. If you must manually pull data out of the system into Excel for basic monthly accounting, then it is time to purchase a proper system that can manage the accounting your company needs to do.

 

QB has AP, AR and GL, but with some very restrictive functions in my opinion as an accountant where I know what I need to do and do not like having to work around forced functions. For example, for GAAP accrual-basis accounting, you must record revenue in the month earned, even if not billed and paid till next month. QB records revenue on the same date as customer billing so you must work around all that. When you have multiple customers and contracts with multiple revenue types, automation is important.

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