![]() ![]() 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. 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. ![]()
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