Which is better: QuickBooks or inDinero?
How does QuickBooks compare to inDinero? What are the advantages of using one over the other?
How do you convert from QuickBooks to inDinero, or vice versa?
We’ve encountered questions like these for years. The difference between QuickBooks and inDinero is a topic we run into frequently in our conversations with founders and business owners. And outside of those conversations, there’s no shortage of blog articles, Quora posts, and side-by-side reviews attempting to provide answers as well.
Here’s what you need to know:
1. QuickBooks and inDinero have distinctly different functions and use cases for bookkeeping and accounting. It doesn’t make much sense to compare the two feature for feature.
2. QuickBooks and inDinero can work together. The two solutions are often used in conjunction with one another. Many businesses rely on both.
3. If you’re an inDinero customer, it’s easy to start using QuickBooks. If you’re a QuickBooks user, inDinero can provide accounting services seamlessly through the platform you’re already using. If you’re new to both, getting started with QuickBooks and inDinero is no problem. We’ve made onboarding as simple as possible.
What Are the Differences Between QuickBooks and inDinero?
QuickBooks is do-it-yourself bookkeeping software for business owners who have the time and experience to manage their own books. Decades since its initial release, it’s safe to say that QuickBooks—and QuickBooks Online (QBO), the SaaS version—has become the bookkeeping standard. The software has remained ubiquitous for several reasons: it’s user-friendly, it includes the basic features bookkeepers need to do their jobs, and—perhaps most noteworthy—it’s cheap.
inDinero, on the other hand, provides accounting and tax services you need to grow your businesses. We manage your books and help file your taxes, but we also offer CFO guidance–like financial planning and analysis–as you need it. Our solution scales with business growth, from seed to exit, and can help meet Generally Accepted Accounting Principles—the form of money management investors and auditors require—rather than just bookkeeping.
Remember: bookkeeping and accounting (particularly GAAP-compliant accounting) are not the same thing. All accounting solutions, including inDinero, take care of bookkeeping, but no DIY solution (like QuickBooks) can offer proper accounting or unbiased, expert financial planning out of the box.
With inDinero, you have access to experienced bookkeeping, accounting, tax, and CFO-level support. It’s easy to get the advice you need, when you need it, from a dedicated financial team.
How QuickBooks Online and inDinero Work Together
Here at inDinero, we regularly implement QBO for clients who have reached certain levels of maturity and growth.
Many business owners start with just inDinero in the early days, enabling them to leverage financial expertise and outsource their books at a minimal cost. When those organizations’ accounting needs become more robust, we recommend adding QBO into the mix.
With QBO, your accounting team at inDinero can perform more comprehensive analyses and offer more detailed guidance. If you need to see a budget vs. actual report, for instance, we can do that with QBO.
QBO’s open API system also integrates with countless platforms (including Stripe, Salesforce, Chargebee, Expensify, Bill.com, and SaaSOptics, to name a few), making it a powerful and highly customizable tool for any business.
How to Get Started with inDinero and QuickBooks
We can help clients sign up for QBO and manage it on their behalf. We’ll then typically work closely and collaboratively with the client to navigate the software and use it for strategic planning.
When you use inDinero and QuickBooks, your inDinero financial team here will take care of all the transactional detail—the busywork of bookkeeping and accounting. But you always have access to the platform, so you can review your information and ask questions whenever you’d like.
What If You’ve Already Signed up for QuickBooks?
Now and then, we bring on a new client who’s already signed up for QuickBooks or QBO in an effort to manage their own accounting. We’re happy to manage your existing account for you. After some initial review and optimization from us, you’ll be good to go.
Ready for Growth?
Ultimately, inDinero is built for companies oriented for growth. We’ll work with you to maximize your organization’s value and accelerate its development from day one. QBO is often an invaluable tool along that journey.
That means there’s no reason to choose between inDinero and QuickBooks/QBO. Our accounting, tax, and CFO services are available at any stage in your business’s lifecycle. And when the time is right, we’ll take care of getting your company started with QBO and using it to manage your books. You can always depend on your same accounting team for the financial advice and visibility you need.
Have questions about inDinero, QuickBooks, or both? Want to talk to a financial expert? Schedule a call with us.
Quick Note: This article is provided for informational purposes only, and is not legal, financial, accounting, or tax advice. You should consult appropriate professionals for advice on your specific situation. inDinero assumes no liability for actions taken in reliance upon the information contained herein.