![]() If you still like to pay your vendors using a check, you’ll have to subscribe to one of the more expensive plans - bill entry is available in all versions, but you can only pay those bills by check if you use one of the higher-tier plans. You can choose to connect all of your related financial institutions to QuickBooks Online for automatic transaction importing, or just reconcile your account each month. QuickBooks Online’s features vary widely from plan to plan, so it’s important to be sure you know exactly what is included in the plan purchased. You can send a reminder to customers when their payment is past due, or just email the invoice with a link to various online payment options. Like GnuCash, QuickBooks Online offers excellent invoicing capability, so you can customize an invoice, attach bank account or credit card numbers to an invoice for immediate payment, and make an invoice recurring. QuickBooks Online's dashboard offers an overview of your business. QuickBooks Online offers many of the same features as GnuCash, and it also includes a summary dashboard that gives you a nice snapshot of your business. The product also offers limited payroll ability, though you would likely be better served by using a third-party payroll application. One of GnuCash’s best features is its comprehensive budgeting capability. Both customer and vendor details can be managed in GnuCash, giving you the option to assign a currency type for each customer, assign billing terms or a discount, and assign a credit limit as well. When payment is received, you can post it from the open customer account. The A/R feature in GnuCash is just as impressive, with the ability to create a customer invoice, adjust pricing levels, offer a discount to customers, and calculate sales tax. You can process vendor payments in the Process Payment screen, choosing which vendors you wish to pay and running checks only for those vendors. A reminder system will notify you when the bill due date draws near. The product also offers automatic bank statement reconciliation, allowing you to import all of your banking transactions into the application, with the ability to review the transactions prior to completing the import process.Ī/P functionality is terrific in GnuCash, so you can enter and pay a bill. GnuCash offers double-entry accounting and includes a nice checkbook-style register you can use to track all of your income and expenses. GnuCash’s main screen offers a list of accounts and current balances. GnuCash uses traditional accounting terms such as Accounts Payable (A/P) and Accounts Receivable (A/R) instead of the current terminology such as bills, sales, and invoicing. It may also be useful if you’re a little familiar with accounting terminology prior to using GnuCash, though there are resources available to help you. GnuCash is the perfect fit for sole proprietors who are more comfortable with an on-premise application. QuickBooks Online is a nod to the business owner who wants to access his or her business data at any time, from any place, and also wants access to the hundreds of apps available. ![]() GnuCash is very reminiscent of more traditional accounting software applications and offers solid functionality behind a nondescript home page. GnuCash and QuickBooks Online are both designed for small businesses, but that’s where the similarities end. Not only suitable for growing businesses, QuickBooks Online is also a good fit for sole proprietors and micro-businesses that need a scaled-down version of a solid accounting application. ![]() With four plans available, QuickBooks Online offers scalability, so you can start slow and ramp up as your business grows. QuickBooks Online is well suited for sole proprietors and growing businesses alike. A mobile app for Android smartphones is available, but it offers limited functionality. GnuCash is an on-premise application you’ll need to download onto your computer - it does not offer remote access. Originally designed as a personal finance application, GnuCash has added a number of business-related features to the original application, making it a good option for startups, sole proprietors, and very small businesses. If you're ready to finally make a choice, we're breaking down these two options with an in-depth, side-by-side comparison. Or, you’ve read our accounting software reviews and have some questions about QuickBooks Online. Maybe you’ve heard of GnuCash, but want to know more about it.
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