In the US’s savage business market, the accounting software stands tall as one of the hottest props for every business. When it comes to software, the debate of QuickBooks vs Bill.com pops up in every businessman’s mind. The right software for business will be immensely helpful not only for saving time but also for providing accuracy. QuickBooks is best at managing financial tasks, and Bill.com simplifies the billing process.
So, in this article, we will make you know the difference between QuickBooks and Bill.com, which will help you make the right decision. While both offer several different features, we will guide you through the steps for Bill.com QuickBooks integration.
An Overview of QuickBooks and Bill.com
In the realm of software, two best clash for the crown. QuickBooks, despite being the best accounting software, Bill.com has an upper hand in the billing process. Market research has consistently highlighted how QuickBooks dominates the world by more than just its ability; it is also about trust and compatibility. Bill.com has positioned itself as the best financial operations platform. So together these two can be more beneficial for business, that’s why users do Bill.com QuickBooks integration.
What is QuickBooks?
QuickBooks is a full-packed accounting software preferred by all types of businesses. It is popular among all because of its easy-to-use and user-friendly interface. QuickBooks provides tools to handle payroll, manage expenses, and offers the best advanced features of any other software. QuickBooks provides numerous tools, but the most effective one is the inventory tool that tracks all expenses. QuickBooks comes with two versions: desktop and online versions, offering features like invoicing, payment processing, and financial management.
Types of QuickBooks
QuickBooks Online
QuickBooks Online is the most convenient version of QuickBooks that allows you to perform financial tasks from anywhere. QuickBooks Online can perform complex tasks easily, and when the task is too large, it will show its real ability by using its complex features. It can be operated online, without any installation, like other versions of QuickBooks. It is mostly used for tracking expenses and payroll. This version also allows you to automatically send reports, invoices, or any other statements. QuickBooks Online Budget will help you to know the financial condition of your business.
QuickBooks Desktop
The QuickBooks Desktop version is installed in a system and can only be used in the system it is installed on. It is known as the most powerful and beneficial software in the market because of its wide range of features. QuickBooks Desktop pro is best for taxation, managing expenses. The best advantage of this version is that users can use this without continuous internet and also can work offline with their system. This is best for large businesses with larger teams that can operate this from one particular place.
Comparison Between QuickBooks Online and Desktop
QuickBooks Online | QuickBooks Desktop |
QuickBooks Online has access for multiple users. | QuickBooks Desktop does not have unlimited access for multiple users. |
QuickBooks Online has basic features to moderate, which will allow you to manage all your financial tasks. | QuickBooks Desktop has advanced tools and reporting templates. |
QuickBooks Online has a package of a monthly subscription, which is best for small businesses. | QuickBooks Desktop has a higher subscription fee. |
What do you Mean by Bill or Bill.com?
Bill.com is a platform used to manage all business transactions. The payment process in business is a very essential task, and managing it properly is important for every business. So, businesses choose Bill.com, which is used for managing transactions, invoicing, and other payable and receivable processes. This is the best platform for all businessman looking to manage their payment smoothly. Bill easily manages the cash flow and reduces unwanted errors. The best thing is that it automates payment approvals and easily handles international payments. Bill is confident that it can be easily integrated with software like QuickBooks.
Key Features of QuickBooks and Bill.com
At the core of the QuickBooks and Bill.com rivalry, they offer numerous features that are beneficial for business. QuickBooks offers a wide range of basic and advanced features, while Bill.com provides tools that will manage your billing and payment process.
QuickBooks | Bill.com |
QuickBooks provides an advanced inventory tracking tool in which companies track their business expenses. | Bill.com helps in optimizing the cash flow, which helps in reducing unwanted errors. |
QuickBooks is compatible and can be used on mobile, helping to track your business tasks. | Bill.com is best for automating bill processing automates bill, approving payments, and invoices. |
QuickBooks provides tools to handle taxation and other deductions, which help to manage the payroll process easily. | Bill.com supports several payment methods, which reduces late processing. |
QuickBooks can connect with a bank and automatically import the transaction. | Bill.com tracks the payment, whether pending or successful. |
Which One is Best Between QuickBooks and Bill.com?
While the exact value and demands fluctuate by region and sources, QuickBooks typically leads in managing accounting tasks, while Bill.com dominates the billing process. This highlights the strength and compatibility with QuickBooks, earning a high trust premium user, and Bill.com capturing the user’s wants, specifically the billable process. Despite the pressure, brand loyalty in the US remains strong in its respective fields. This depends on you and your business needs to choose one of them or integrate both of them.
Why and How to Integrate QuickBooks and Bill.com?
Time is a vital asset in business; every businessman values time, which is why they choose software to handle their business activities. So, managing financial activity and handling the billable process is difficult to manage at a time. So, it is best to integrate QuickBooks and Bill.com will manage all financial tasks together. Integrating QuickBooks and Bill.com will allow users to automate their payment payable and receivable without any issues, and also improve cash flow management.
How To Integrate QuickBooks and Bill.com?
First of all, choose the right version to integrate for better synchronization and work management.
- Log in to Bill.com.
- Now, click on QuickBooks Online to log in the your credentials.
- Then select QuickBooks Online to integrate with Bill.com.
- Start the syncing process and import all your data.
- Start syncing and configure the data.
- Recheck all the data before processing the integration.
Conclusion
We hope this article will be helpful for you to choose between QuickBooks and Bill.com. Together, QuickBooks and Bill.com will provide more benefits to businesses. In case you face any issues while integrating or want to know more about these platforms, you can connect to our QuickBooks ProAdvisor.