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QuickBooks Desktop moves to subscription model

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Re: QuickBooks Desktop moves to subscription model

#51
I am not locked in to Intuit nor justifying their cost increases because it hits all users (wholesale/retail) but their eco-system when taken as a whole makes accounting and payroll generally simple for the small business owner. Of course this is a generic statement and there are outliers that don't fit into their model for reason X or Y. This does not come without a cost, they are definitely moving into the premium offering sphere and away from "DIY" users. There will be user pushback and they will lose users, but I'm sure they have an army of financial analysts that have run the numbers and say they will make more with less users under this model.

I have experience working with QB (many variations), Freshbooks, Xero, various Sage products and some specialized vendor software in the Construction and Wholesale space and probably a few others I am forgetting.

Freshbooks is mediocre, overall their integrations are poor and without proper setup you end up with poor results, they dont offer payroll and require you to use third party services. This is fine, but just leads to more setup/sync problems which many users are not capable of doing and don't know if the answer is wrong. (PS not all users are tech saavy or know what the end result should be) Ignorance is bliss, I suppose.

Xero is alright, I wouldn't say it's significantly better or worse than QB except they have less scale and throw their weight around less (for now) than Intuit does. Sage products have a steep learning curve but have a ton of functionality depending upon which one you land with.

Many proprietary industry specific Accounting packages have great modules but from my experience, their core accounting system is not the best (putting it lightly) Most of these seem to have built their success around an industry specific pain and then realized they needed accounting on top to make the package sellable.

All that said, an accounting package should be useful for recording, categorizing and utilizing your financial data. That means different things to different people and there is no one size fits all approach - no matter what Intuit or other vendors tell you.

If your professional works best with product X, that may be in your best interest to use product X if you value your professional's input to your business not just from a tax reporting but also financial reporting perspective. If you don't, don't use product X. It's really that simple.

Sure all these open source products are great for IT nerds and people who love doing accounting (even CPAs!) but if one person (you) is the only one who knows what the software says and the output does not make sense to third parties then it is easily deemed unreliable. You will have a whole host of more complex problems than dealing with Intuit if your financial data is unreliable, let's start with audit or bank problems and expand from there.

Source: Am a small biz CPA, have seen (almost) it all including the napkin accounting method.

Re: QuickBooks Desktop moves to subscription model

#52
post #34

Earlier quoted context omitted.

The Quickbooks Accountant program isn't 'special access to stuff', but Intuit does offer accountants a special version of the software (at no charge IIRC), which allows them to easily work with many customer files with no complicated licensing requirements (as is the case with many other softwares).

> isn't 'special access to stuff' > a special version of the software (at no charge IIRC) So the accountants get it for free as long as they offer up their customers for Intuit to exploit / price gouge? That sounds pretty shady to me.

The plethora of proprietary accounting softwares are a pox upon accountants; put yourself in their shoes, and imagine that you had a variety of customers who each had their own software. Would you (as an accountant) want to pay for a license for each software, and have to learn how to use it? Do you think your clients would reimburse you (for the training and the license)? Would you have to set up some complicated and confusing virtual machine?

I think that giving (outside) accountants free licenses is or should be table stakes for these accounting packages.

Re: QuickBooks Desktop moves to subscription model

#53

Earlier quoted context omitted.

I have! I ended up having to export my entire general ledger as an excel file for them to have any hope of using it. It cost me a ton of money and time to massage into a format that an accountant could work with, they are too expensive per hour to ask them to learn an entire new software program that I'm the only of their customers to use. Now I just use quickbooks. I have never had any issue. Gnucash is great and wo…

> they are too expensive per hour to ask them to learn an entire new software program Many of us here are way more expensive per hour than our accountant ;) -- but to your metapoint that the accountant is more expensive than a new quickbooks subscription, that probably remains true even in the face of the price hike.

If you are not more expensive than your accountant, you should probably do the work yourself. You're not making enough money to pay extra to avoid taxes, and unoptimized taxes are easy enough.

Re: QuickBooks Desktop moves to subscription model

#54
post #15

I use Quickbooks Online, an overpriced, poorly designed piece of garbage for the business I run (small business, lots of online transactions). For instance, the official PayPal app is problematic, my accountant says, because of the way transactions are recorded on the QBO ledger (the issue is mentioned here: https://www.youtube.com/watch?v=kT5zKWBXtQU ). This means manual processes, which sucks for me in terms of ext…

One that I came across was on a recurring sales receipt because that's the only way to auto-pay with a card, and when the card wouldn't process the receipt status would still say "paid". Had to click into the receipt to see the card payment failed.

After a few years it was fixed, so that it says "paid (failed)".

Re: QuickBooks Desktop moves to subscription model

#55
post #40

Earlier quoted context omitted.

https://www.cloudwards.net/best-accounting-software/

Are there any alternatives that don't involve a cloud service?

Perhaps one of these?

https://alternativeto.net/software/quickbooks/?feature=bookk...

Re: QuickBooks Desktop moves to subscription model

#56

Good. Hopefully this will cause more people to leave Intuit and search out alternatives. This is just one more reason to add to the list.

What are the best alternatives?

https://alternativeto.net/software/quickbooks/?feature=bookk...

Re: QuickBooks Desktop moves to subscription model

#57
Self-hosting ERPNext is a truly excellent FOSS solution to replace accounting apps like QuickBooks, if you do your own accounting or are at least able to choose the software your business uses for accounting:

https://erpnext.com/open-source-accounting

ERPNext is a full ERP with a bunch of modules, but you only have to use the ones you need and it's easy to ignore the ones you don't. As nice as GNUCash is for offline accounting, ERPNext is much more convenient for accounting if you need to attach files and notes to your journal entries, or provide multi-user access to the books.

Frappe Cloud is the easiest way to self-host ERPNext:

https://frappecloud.com

A third-party Docker image on your own server (or local computer, if you prefer) is the second-easiest way:

https://github.com/pipech/erpnext-docker-debian

Re: QuickBooks Desktop moves to subscription model

#58

Self-hosting ERPNext is a truly excellent FOSS solution to replace accounting apps like QuickBooks, if you do your own accounting or are at least able to choose the software your business uses for accounting: https://erpnext.com/open-source-accounting ERPNext is a full ERP with a bunch of modules, but you only have to use the ones you need and it's easy to ignore the ones you don't. As nice as GNUCash is for offline…

This seems like a lot of complexity unless "just spin up a Docker image" is something you normally do and are comfortable enough with to fix when it breaks. Not everyone is a developer, even on HN. Frappe Cloud's pricing page says "simple," but the numbers don't mean anything to someone who doesn't know what all this stuff is and how it relates to the software's resource requirements.

And that's if you're Good With Computers. Most small businesses are not run by people who grew up messing with EMM to get games going.

Re: QuickBooks Desktop moves to subscription model

#59
post #58

Self-hosting ERPNext is a truly excellent FOSS solution to replace accounting apps like QuickBooks, if you do your own accounting or are at least able to choose the software your business uses for accounting: https://erpnext.com/open-source-accounting ERPNext is a full ERP with a bunch of modules, but you only have to use the ones you need and it's easy to ignore the ones you don't. As nice as GNUCash is for offline…

This seems like a lot of complexity unless "just spin up a Docker image" is something you normally do and are comfortable enough with to fix when it breaks. Not everyone is a developer, even on HN. Frappe Cloud's pricing page says "simple," but the numbers don't mean anything to someone who doesn't know what all this stuff is and how it relates to the software's resource requirements. And that's if you're Good With C…

This recommendation is for people who are willing to use the free trial on Frappe Cloud to gauge how much their usage would cost before switching to ERPNext, or for people who are comfortable with running ERPNext on Docker on their own server or local computer. Sure, the latter group isn't everyone on HN, but I know there are many people on HN who would appreciate a free and open source accounting solution with plenty of features to replace QuickBooks.

The developers of ERPNext also released Frappe Books, a desktop application with only the accounting-related features of ERPNext. It's also FOSS and does not need to be self-hosted, but unlike ERPNext, it's no longer being updated:

https://frappebooks.com

https://news.ycombinator.com/item?id=23091005

Re: QuickBooks Desktop moves to subscription model

#60

I also use QB and it is probably the worst software I've ever used. Its clunky, slow and antiquated. I really hate it, but on the same boat as others here, can't really dump it.

> can't really dump it Why? Because your accountant requires it? Are there other reasons? Could you change your accountant?

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