Intuit TurboTax vs. QuickBooks Solopreneur

Great for most situations. Depending on your complexities, Intuit TurboTax is a great option for self service or Intuit supported tax preparation. The system will store your prior year data making gathering needed documents easy.

Incentivized

QuickBooks Solopreneur is best suited in Reconciling Bank Accounts, as it helps in fixing the entries already deleted, helps in matching to the existing transactions, helps in creating credit memos QuickBooks Solopreneur is less appropriate in suggesting General Ledger based on the descriptions and also in updating the transctions from banks in bank feeds.

Incentivized

• fill in tables or cells with numbers directly from scanned tax forms (1099s, W2s, etc)
• determine necessary tax forms needed to fill based on users' answers to selected questions
• customization capability for users that are well-versed in their tax situation (i.e., ability to select deductions themselves)

Incentivized

• Showing entries which are deleted by mistake
• Suggests the perfect match for the transactions which already exists
• perfectly sync's all information from bill.com

Incentivized

• Access forms and data source

Incentivized

• Need to help in fixing sync errors
• Need to help in finding GL accounts to which a transaction has been coded, with the help of description.
• Need to help in updating all the transactions once clicked on update quickly

Incentivized

Not applicable. I am a ProAdvisor and I do not allow my clients (with few exceptions) to work in QuickBooks Online. I am the only person booking transactions, etc.

Incentivized

No issues encountered with implementation. Runs smoothly.

Incentivized

We select TurboTax for its wide user base (familiarity), price points (multiple offerings based on users' needs), user experience (intuitiveness), technology (adaptive to user tax situations and simplify user data entry by means of upload feature), customer support (for implementer and end-users) and expert support (i.e., CPA), cloud capability, safety and security. Other products also offer several features like those but not to the same level of comprehensiveness and sophistication.

Incentivized

Solopreneur stacks up well against the above-mentioned competitors. Their competitive advantage was the convenience and familiarity of products, since we have used QuickBooks Online before. I believe each product has strengths and weaknesses that make it almost interchangeable. Each company/entrepreneur needs to evaluate the top features and needs to see which solution is the best fit.

Incentivized