IRIS Financials vs. QuickBooks Online Advanced

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
IRIS Financials
Score 9.0 out of 10
N/A
N/AN/A
QuickBooks Online Advanced
Score 8.6 out of 10
N/A
QuickBooks Online Advanced is a SaaS-based accounting software designed to scale with growing businesses. It includes the functionalities of QuickBooks Online, as well as more robust business analytics, customization, and resource management.N/A
Pricing
IRIS FinancialsQuickBooks Online Advanced
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
IRIS FinancialsQuickBooks Online Advanced
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
IRIS FinancialsQuickBooks Online Advanced
Features
IRIS FinancialsQuickBooks Online Advanced
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
IRIS Financials
8.0
Ratings
3% above category average
QuickBooks Online Advanced
9.2
Ratings
17% above category average
Accounts payable8.00 Ratings9.30 Ratings
Accounts receivable00 Ratings9.70 Ratings
Cash management00 Ratings9.10 Ratings
Bank reconciliation00 Ratings9.50 Ratings
Expense management00 Ratings9.70 Ratings
Time tracking00 Ratings9.70 Ratings
Multi-currency support00 Ratings9.60 Ratings
Multi-division support00 Ratings7.60 Ratings
Regulations compliance00 Ratings9.20 Ratings
Electronic tax filing00 Ratings9.50 Ratings
Self-service portal00 Ratings9.70 Ratings
Primary and Secondary Ledgers00 Ratings9.90 Ratings
Intercompany Accounting00 Ratings7.40 Ratings
Journals and Reconciliations00 Ratings9.50 Ratings
Enterprise Accounting00 Ratings8.50 Ratings
Configurable Accounting00 Ratings9.80 Ratings
Centralized Rules Framework00 Ratings9.40 Ratings
Standardized Processes00 Ratings9.00 Ratings
Customization
Comparison of Customization features of Product A and Product B
IRIS Financials
-
Ratings
QuickBooks Online Advanced
9.1
Ratings
18% above category average
API for custom integration00 Ratings8.20 Ratings
Plug-ins00 Ratings9.90 Ratings
Security
Comparison of Security features of Product A and Product B
IRIS Financials
-
Ratings
QuickBooks Online Advanced
9.1
Ratings
9% above category average
Single sign-on capability00 Ratings9.20 Ratings
Role-based user permissions00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
IRIS Financials
-
Ratings
QuickBooks Online Advanced
8.5
Ratings
7% above category average
Dashboards00 Ratings8.90 Ratings
Standard reports00 Ratings8.80 Ratings
Custom reports00 Ratings7.70 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
IRIS Financials
-
Ratings
QuickBooks Online Advanced
9.6
Ratings
27% above category average
Inventory tracking00 Ratings9.60 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
IRIS Financials
-
Ratings
QuickBooks Online Advanced
9.5
Ratings
21% above category average
Pricing00 Ratings9.80 Ratings
Order entry00 Ratings9.90 Ratings
Credit card processing00 Ratings8.80 Ratings
User Ratings
IRIS FinancialsQuickBooks Online Advanced
Likelihood to Recommend
9.0
(0 ratings)
9.5
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.9
(0 ratings)
Usability
9.0
(0 ratings)
9.9
(0 ratings)
Online Training
-
(0 ratings)
9.1
(0 ratings)
Implementation Rating
-
(0 ratings)
6.4
(0 ratings)
Configurability
-
(0 ratings)
9.1
(0 ratings)
User Testimonials
IRIS FinancialsQuickBooks Online Advanced
Likelihood to Recommend
Iris Financials meets our needs by providing a single platform for our finance users to access real time data. This is aided by accurate reporting which can be accessed over the cloud or on premise, we chose the cloud solution. Our users report that the system is methodical and matches out working processes.
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QuickBooks Online Advanced is best suited for small businesses who don’t have any consolidation considerations. Additionally, the software tends to struggle when there are a large number of projects. The report screens will struggle to load at times and it will be difficult to view reports. However, it does really well at creating an all-in-one solution for companies who need payroll, accounting, and tax compliance in a relatively inexpensive bundle.
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Pros
  • Payroll
  • Remote Access
  • Reporting
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  • It allows us to link to bank accounts in order to get up-to-date, real-time information, which is so important in today's lightning speed work world.
  • The "canned" reports are excellent and allow for extreme customization also. This makes them very helpful to both me and my clients.
  • The user interface for QuickBooks Online Advanced is easy to navigate and is intuitive for novices. The screens are well laid out and have cohesiveness on each screen to match tasks with others that match up well.
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Cons
  • Cost
  • Support
  • Better Integration with HR/MIS
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  • Proper advice in QuickBooks Online Pro for the usage if QuickBooks Online Advanced will be more efficient.
  • More features and space in the app for organization of the self-created workflows.
  • The stability of QuickBooks Online Advanced can still be better.
  • There are still file-size issues and limitations on transactions and attributes of transactions.
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Likelihood to Renew
No answers on this topic
QuickBooks Online Advanced is very easy to use and the data is very transparent. The reporting shortfalls (not being able to report the current month and YTD results on the same report) as well as the issues with the limitations with the management reports.
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Usability
Once implemented Iris Financials is fairly intuitive to use. Our staff report that they can use the system comfortably after only a few hours of training. Depending on any previous systems that you use implementation can be quite lengthy but the migration team we dealt with worked with us and helped us to get the most out of setup experience.
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QuickBooks Online Advanced is great and effective. I use it for almost three months and it definitely does their job
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Reliability and Availability
No answers on this topic
No issue at any time with Availability
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Performance
No answers on this topic
It can be access at any time and reports is generate in less than a minute
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Online Training
No answers on this topic
The online training was easy to follow and understand. The online training gave us the specific instructions to follow
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Implementation Rating
No answers on this topic
I dont have any
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Alternatives Considered
FMS was used previously in our organization but it lacked any central overview (MAT View) which made it difficult to manage and collect/analyze data . IRIS Financials added this much needed central layer to assist our CFO and finance users, and transfer them in to a central way of working.
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QuickBooks Desktop is no longer being sold in the US, so we had to switch to the online version of the program. It is not a fully fleshed-out all-in-one solution offering everything the desktop version did. That being said, the desktop enterprise was overkill for many people.
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Scalability
No answers on this topic
Software is very flexible
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Return on Investment
  • Time savings
  • greater record accuracy
  • greater visibility of budgets
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  • QBOA has shown my clients the increase and decrease of my monthly income activity
  • I am able to project my income and spending more easily
  • The P&L reports has shown me a lot and by customizing to focus on my income and expenses has allowed me to better budget
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