Melio is a small business-oriented Accounts Payable tool, presented as a service that helps small businesses keep up with business. A B2B payments experience and payment workflow designed to be simple, and to enable businesses to pay domestic and international vendors, expedite payments, or pay by card.
N/A
QuickBooks Desktop Premier
Score 8.0 out of 10
N/A
QuickBooks Desktop Premier is an installed version of QuickBooks for general business, contractors, manufacturing and warehouse accounting, as well as nonprofits, professional services, and retail.
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Pricing
Melio
QuickBooks Desktop Premier
Editions & Modules
Card processing fee
2.9%
No answers on this topic
Offerings
Pricing Offerings
Melio
QuickBooks Desktop Premier
Free Trial
Yes
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Melio
QuickBooks Desktop Premier
Features
Melio
QuickBooks Desktop Premier
Payment Management
Comparison of Payment Management features of Product A and Product B
Melio
8.8
Ratings
15% above category average
QuickBooks Desktop Premier
-
Ratings
Customizable Approval Policies
9.20 Ratings
00 Ratings
Financial Document Management
7.50 Ratings
00 Ratings
Payment Status Tracking
9.20 Ratings
00 Ratings
Payment Audit Trail
9.20 Ratings
00 Ratings
Duplicate Bill Detection
8.80 Ratings
00 Ratings
Advanced OCR
8.20 Ratings
00 Ratings
Electronic Funds Transfer
9.20 Ratings
00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Melio
8.7
Ratings
27% above category average
QuickBooks Desktop Premier
-
Ratings
Automated Accounts Payable Processes
8.90 Ratings
00 Ratings
Vendor Management
8.80 Ratings
00 Ratings
Tax Form Preparation
8.60 Ratings
00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Melio
-
Ratings
QuickBooks Desktop Premier
9.0
Ratings
15% above category average
Pay calculation
00 Ratings
7.00 Ratings
Benefit plan administration
00 Ratings
10.00 Ratings
Direct deposit files
00 Ratings
8.00 Ratings
Salary revision and increment management
00 Ratings
9.90 Ratings
Reimbursement management
00 Ratings
10.00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Melio
-
Ratings
QuickBooks Desktop Premier
1.3
Ratings
142% below category average
API for custom integration
00 Ratings
1.30 Ratings
Plug-ins
00 Ratings
1.30 Ratings
Security
Comparison of Security features of Product A and Product B
Melio
-
Ratings
QuickBooks Desktop Premier
10.0
Ratings
18% above category average
Single sign-on capability
00 Ratings
10.00 Ratings
Role-based user permissions
00 Ratings
10.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Melio
-
Ratings
QuickBooks Desktop Premier
8.2
Ratings
4% above category average
Dashboards
00 Ratings
9.00 Ratings
Standard reports
00 Ratings
9.00 Ratings
Custom reports
00 Ratings
6.50 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Melio
-
Ratings
QuickBooks Desktop Premier
8.3
Ratings
6% above category average
Accounts payable
00 Ratings
10.00 Ratings
Accounts receivable
00 Ratings
10.00 Ratings
Cash management
00 Ratings
10.00 Ratings
Bank reconciliation
00 Ratings
10.00 Ratings
Expense management
00 Ratings
10.00 Ratings
Time tracking
00 Ratings
5.00 Ratings
Fixed asset management
00 Ratings
5.00 Ratings
Multi-currency support
00 Ratings
9.00 Ratings
Multi-division support
00 Ratings
7.00 Ratings
Regulations compliance
00 Ratings
1.80 Ratings
Electronic tax filing
00 Ratings
10.00 Ratings
Self-service portal
00 Ratings
5.00 Ratings
Global Financial Support
00 Ratings
5.00 Ratings
Primary and Secondary Ledgers
00 Ratings
7.00 Ratings
Intercompany Accounting
00 Ratings
10.00 Ratings
Localizations
00 Ratings
10.00 Ratings
Journals and Reconciliations
00 Ratings
10.00 Ratings
Enterprise Accounting
00 Ratings
10.00 Ratings
Configurable Accounting
00 Ratings
10.00 Ratings
Centralized Rules Framework
00 Ratings
10.00 Ratings
Standardized Processes
00 Ratings
10.00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Melio
-
Ratings
QuickBooks Desktop Premier
2.9
Ratings
87% below category average
Inventory tracking
00 Ratings
1.70 Ratings
Automatic reordering
00 Ratings
1.00 Ratings
Location management
00 Ratings
8.00 Ratings
Manufacturing module
00 Ratings
1.00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Melio is particularly well suited for small businesses above $100K in revenue whose owners want to save time and simplify bill payments. It is helpful to bookkeepers so that they don't have to ask the owners, over and over again, "what was that check for?" and "can you send me the bill?"
QuickBooks Desktop is an easy-to-use software with good services. Their invoicing, employment, and vendor sections are all wonderful. These sections allow efficient tracking and instant business summaries and reporting. However, the pricing for additional services and upgrades and lack of good customer service makes it a less attractive software for small businesses.
The simplicity it adds to business payments is a great deal. One feature we really value it the ability to pay vendors by check. Melio prints and mails checks for us which saves time and hassle.
Payment scheduling tool is another thing we enjoy. This tool lets us plan ahead and manage cash flow more effectively by setting payment dates in advance.
Another thing Melio does well is the tracking of payment.
There was a time a vendor claimed that they hadn't been paid, but with just a few clicks we could see the check has already been delivered.
This kind of transparency gives us confident and keep things professional.
The integration with other platform or accounts like QuickBooks is an experience I did love to keep.
There should be an automatic link between vendors added with their Melio link and the same vendors that already exist in QuickBooks. As it is now, a new vendor is created when you do that and is not linked with the one that already is in QuickBooks.
I would like to be able to choose how i want to view accounts receivable aging. I would like some flexibility to sort and choose how to present the data.
For a seasoned accountant, I would like to see some of the restrictive controls that are in place for novices to be able to be relaxed so that I can easily make some entries and adjust some balances that ordinarily a regular user would not be able to do.
I would like to see an easy way to clear old outstanding checks that need to be reversed without affecting prior balances/history.
Because we have been extremely happy with the product and our organization tends to be creatures of habit. We rarely leave a product that works this well for the latest and greatest. Typically we follow the "if it's not broken, don't fix it rule". While QB does make changes we typically just roll with it. If we do find something we don't like we work through it until we fully understand its functionality.
Melio has been a very important tool in the advancement of our business. With great features, it has made payments to vendors seamless and hassle free. In terms of vendor management, account/data tracking, and scheduling of payments in advance. This has formed the base that we are still with Melio till today.
We switched to a more "robust" software program with the hiring of a new CFO. The migration of historical data and ancillary information has been cumbersome and riddle with errors and issues. In hindsight much of what the new software program was touted to accomplish is not come to fruition. QB Desktop Premier was sufficient for the organization needs
This is where QuickBooks falls short. Many times my staff has had questions that have not been able to get resolved easily with a chat or call. I personally have had more general questions that have not been answered easily as well. I think QuickBooks needs to provide the resources of having readily accessible help in order to make it simpler to get solutions.
It is important to do your research. There are tutorial videos online that could help new user of this accounting system. These tutorials are straightforward and easily understandable.
Melio is 100% free if you just use ACH, and that by itself would be reason enough for me to stick with the platform, it boats a ton of other useful features that add to the experience.
We've used QuickBooks Desktop Premier for many, many years. We've not reviewed any other accounting products internally - but have a handful of the customers that use Cyma (mentioned above). While I've never had occasion to functionally use Cyma, I have had to install and troubleshoot problems with it. Put simply... not impressed. I found installation a bit confusing, and once started up, I wasn't able to easily find anything I would have wanted to find - where conversely, QuickBooks Desktop Premier excels on both of these fronts.
I have been able to save hours every week now that I am only using Melio as my payment processor
I can easily add invoice details which I use to create in another platform and upload to Melio, this saves me time with projects I want to be quicker with
The ease of use for my clients is fantastic, and makes for a seamless workflow
Most of our business clients use QuickBooks which makes it efficient for us to work on clients that use the program. We can import QuickBooks data into our software which adds efficiencies to our tax practice.
Having staff that are familiar with the software enables our firm to provide quality service to the clients that use QuickBooks.
We receive referrals from satisfied QuickBooks clients.