Melio vs. QuickBooks Online Advanced

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Melio
Score 9.3 out of 10
N/A
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 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
MelioQuickBooks Online Advanced
Editions & Modules
Card processing fee
2.9%
No answers on this topic
Offerings
Pricing Offerings
MelioQuickBooks Online Advanced
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
MelioQuickBooks Online Advanced
Features
MelioQuickBooks Online Advanced
Payment Management
Comparison of Payment Management features of Product A and Product B
Melio
8.8
Ratings
15% above category average
QuickBooks Online Advanced
-
Ratings
Customizable Approval Policies9.20 Ratings00 Ratings
Financial Document Management7.50 Ratings00 Ratings
Payment Status Tracking9.20 Ratings00 Ratings
Payment Audit Trail9.20 Ratings00 Ratings
Duplicate Bill Detection8.80 Ratings00 Ratings
Advanced OCR8.20 Ratings00 Ratings
Electronic Funds Transfer9.20 Ratings00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Melio
8.7
Ratings
27% above category average
QuickBooks Online Advanced
-
Ratings
Automated Accounts Payable Processes8.90 Ratings00 Ratings
Vendor Management8.80 Ratings00 Ratings
Tax Form Preparation8.60 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Melio
-
Ratings
QuickBooks Online Advanced
9.0
Ratings
16% 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
Melio
-
Ratings
QuickBooks Online Advanced
9.2
Ratings
10% above category average
Single sign-on capability00 Ratings9.30 Ratings
Role-based user permissions00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Melio
-
Ratings
QuickBooks Online Advanced
8.4
Ratings
6% above category average
Dashboards00 Ratings8.80 Ratings
Standard reports00 Ratings8.80 Ratings
Custom reports00 Ratings7.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Melio
-
Ratings
QuickBooks Online Advanced
9.3
Ratings
18% above category average
Accounts payable00 Ratings9.40 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 Ratings9.70 Ratings
Multi-division support00 Ratings7.50 Ratings
Regulations compliance00 Ratings9.20 Ratings
Electronic tax filing00 Ratings9.50 Ratings
Self-service portal00 Ratings9.80 Ratings
Primary and Secondary Ledgers00 Ratings9.90 Ratings
Intercompany Accounting00 Ratings7.40 Ratings
Journals and Reconciliations00 Ratings9.60 Ratings
Enterprise Accounting00 Ratings8.50 Ratings
Configurable Accounting00 Ratings9.80 Ratings
Centralized Rules Framework00 Ratings9.50 Ratings
Standardized Processes00 Ratings9.10 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Melio
-
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
Melio
-
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
Best Alternatives
MelioQuickBooks Online Advanced
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Square 9 Softworks
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Score 9.5 out of 10
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Score 8.9 out of 10
Medium-sized Companies
Square 9 Softworks
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Score 9.5 out of 10
Zoho Books
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Score 9.0 out of 10
Enterprises
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Score 9.2 out of 10
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User Ratings
MelioQuickBooks Online Advanced
Likelihood to Recommend
8.5
(0 ratings)
9.5
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.9
(0 ratings)
Usability
-
(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
MelioQuickBooks Online Advanced
Likelihood to Recommend
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?"
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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
  • 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.
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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
  • 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.
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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
It has solved almost all the business needs I have and has contributed greatly to my business growth.
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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
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.
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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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Support Rating
They have great customer support system
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No answers on this topic
In-Person Training
Very educative. It was well detailed, organized and knowledgeable.
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No answers on this topic
Online Training
Very helpful and we learnt a handful
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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
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.
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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
  • 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
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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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