QuickBooks Online Advanced vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
Workday Financial Management
Score 7.9 out of 10
N/A
Workday Financial Management is a native cloud solution built on a global foundation designed to enable accounting teams to operate with greater productivity, superior insights, and adapt to changing business needs. Its AI embedded features improve financial business processes like record to report and opportunity to cash while strengthening internal controls, and enabling consistency across global operations. Powered by an in-memory architecture and object data…N/A
Pricing
QuickBooks Online AdvancedWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
QuickBooks Online AdvancedWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
QuickBooks Online AdvancedWorkday Financial Management
Considered Both Products
QuickBooks Online Advanced
Chose QuickBooks Online Advanced
Accounting, bank management, and expense management are long-time normed and standardized processes. So we did expect very little difference, and very little effort to swap between these software suites. We were surprised that there are much more differences. These deviations …
Workday Financial Management

No answer on this topic

Features
QuickBooks Online AdvancedWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
QuickBooks Online Advanced
9.1
93 Ratings
18% above category average
Workday Financial Management
8.5
17 Ratings
11% above category average
API for custom integration8.376 Ratings8.614 Ratings
Plug-ins9.981 Ratings8.416 Ratings
Security
Comparison of Security features of Product A and Product B
QuickBooks Online Advanced
9.0
164 Ratings
8% above category average
Workday Financial Management
9.0
21 Ratings
10% above category average
Single sign-on capability9.1146 Ratings9.021 Ratings
Role-based user permissions8.9160 Ratings9.019 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
QuickBooks Online Advanced
8.5
177 Ratings
8% above category average
Workday Financial Management
8.7
23 Ratings
19% above category average
Dashboards8.9167 Ratings8.523 Ratings
Standard reports8.9176 Ratings9.020 Ratings
Custom reports7.8168 Ratings8.618 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
QuickBooks Online Advanced
9.2
179 Ratings
17% above category average
Workday Financial Management
8.5
19 Ratings
10% above category average
Accounts payable9.2173 Ratings8.914 Ratings
Accounts receivable9.6168 Ratings9.014 Ratings
Cash management9.0149 Ratings00 Ratings
Bank reconciliation9.4171 Ratings00 Ratings
Expense management9.6158 Ratings00 Ratings
Time tracking9.690 Ratings00 Ratings
Multi-currency support9.646 Ratings00 Ratings
Multi-division support7.677 Ratings00 Ratings
Regulations compliance9.280 Ratings00 Ratings
Electronic tax filing9.5100 Ratings00 Ratings
Self-service portal9.796 Ratings00 Ratings
Primary and Secondary Ledgers9.976 Ratings8.715 Ratings
Intercompany Accounting7.476 Ratings00 Ratings
Journals and Reconciliations9.5155 Ratings8.912 Ratings
Enterprise Accounting8.466 Ratings00 Ratings
Configurable Accounting9.784 Ratings8.315 Ratings
Centralized Rules Framework9.365 Ratings00 Ratings
Standardized Processes9.0119 Ratings9.116 Ratings
Global Financial Support00 Ratings8.315 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
QuickBooks Online Advanced
9.5
72 Ratings
26% above category average
Workday Financial Management
8.7
8 Ratings
10% above category average
Inventory tracking9.572 Ratings9.08 Ratings
Automatic reordering00 Ratings8.68 Ratings
Location management00 Ratings8.57 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
QuickBooks Online Advanced
9.5
121 Ratings
21% above category average
Workday Financial Management
9.1
9 Ratings
15% above category average
Pricing9.888 Ratings00 Ratings
Order entry9.881 Ratings00 Ratings
Credit card processing8.9106 Ratings9.19 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
QuickBooks Online Advanced
-
Ratings
Workday Financial Management
8.4
19 Ratings
16% above category average
Pay calculation00 Ratings8.719 Ratings
Benefit plan administration00 Ratings8.916 Ratings
Direct deposit files00 Ratings8.616 Ratings
Best Alternatives
QuickBooks Online AdvancedWorkday Financial Management
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
Zoho One
Zoho One
Score 8.9 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.0 out of 10
Infor VISUAL
Infor VISUAL
Score 8.0 out of 10
Enterprises
Oracle Fusion Cloud Enterprise Performance Management
Oracle Fusion Cloud Enterprise Performance Management
Score 10.0 out of 10
24SevenOffice
24SevenOffice
Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
QuickBooks Online AdvancedWorkday Financial Management
Likelihood to Recommend
9.4
(179 ratings)
8.9
(23 ratings)
Likelihood to Renew
9.9
(6 ratings)
9.0
(1 ratings)
Usability
9.9
(4 ratings)
10.0
(5 ratings)
Support Rating
-
(0 ratings)
10.0
(5 ratings)
Online Training
9.1
(1 ratings)
-
(0 ratings)
Implementation Rating
6.4
(3 ratings)
-
(0 ratings)
Configurability
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
QuickBooks Online AdvancedWorkday Financial Management
Likelihood to Recommend
Intuit
Smaller businesses that need affordable accounting software that many people are used to should look at Quickbooks. QuickBooks makes it easier for people to access your books from multiple locations. If cost is an issue, QuickBooks is very affordable, given you do not need to install and maintain a server.
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Workday
Workday is well suited for managing employees throughout their full life cycle. It excels at housing employee data from the start of their time with the company through their departure. Workday is less suited to payroll functions, which could be more robust.
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Pros
Intuit
  • 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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Workday
  • The flexibility of going beyond handling the accounts, where we can handle cash, assets, and accounting simultaneously for the customer.
  • The single platform offers grants management where you can organize the lifecycle of the grants and synchronize it with any criteria of grant closing out scheme.
  • I personally liked Project billing with the essence of evaluating project revenue and nice reporting templates that can be shared with the customer at any stage of the project while having the flexibility of auditing the reported cost.
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Cons
Intuit
  • 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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Workday
  • Some of the Workday updates last till like 10 in the morning which prevents employees to clock in and check their times and some cases their schedules
  • Workday can work on opening documents quicker instead of taking couple of minutes or notifying the user when they are ready to download
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Likelihood to Renew
Intuit
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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Workday
No answers on this topic
Usability
Intuit
QuickBooks Online Advanced is great and effective. I use it for almost three months and it definitely does their job
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Workday
Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.
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Reliability and Availability
Intuit
No issue at any time with Availability
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Workday
No answers on this topic
Performance
Intuit
It can be access at any time and reports is generate in less than a minute
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Workday
No answers on this topic
Support Rating
Intuit
No answers on this topic
Workday
Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.
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Online Training
Intuit
Training was simple
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Workday
No answers on this topic
Implementation Rating
Intuit
Need to make an option for non-profit organizations
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Workday
No answers on this topic
Alternatives Considered
Intuit
QuickBooks Online Advanced isn’t as robust as Netsuite or Sage, but it is generally a great choice for most businesses. This software will meet or exceed the needs of most companies, and should be the first part of your accounting software decision. I would even reach out to a QuickBooks Online Advanced expert to ensure you need to step up to Sage or Netsuite before doing so on your own.
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Workday
Despite Airtable also being easier to use one thing that differentiates and put forth Workday Financial Management tool above is it's key features and better suited functionality for handling confidential data. The other positive note where Workday Financial Management performs high is it key analytics tool that's easier to use and representation of information into insightful dashboards.
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Scalability
Intuit
Software is very flexible
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Workday
No answers on this topic
Return on Investment
Intuit
  • 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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Workday
  • We were able to combine 4 different HR modules into one system.
  • We reduced data breach incidents by 95% after shifting to Workday. One of our legacy softwares had vulnerabilities.
  • The initial learning curve was higher than projected. We spent about a week to 10 days extra time deploying it, which affected the profit center that year.
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ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis