Gusto vs QuickBooks comparison

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Gusto Logo
315 views|222 comparisons
75% willing to recommend
Intuit Logo
473 views|248 comparisons
88% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between Gusto and QuickBooks based on real PeerSpot user reviews.

Find out what your peers are saying about Workday, Oracle, SAP and others in Benefits Administration.
To learn more, read our detailed Benefits Administration Report (Updated: April 2024).
769,599 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"I like the payroll part. We also use documents and forms whenever we hire, such as a new hire form for each state, and we like that as well.""I appreciated the templates that they offered for new hires and onboarding."

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"QuickBooks is easy-to-use software.""QuickBooks is known for its inventory and manufacturing features, it's a versatile accounting software that covers various aspects of financial management.""they even thought about different industries, so that if you're in a service industry, if you're in a retail industry, or you're in construction, they have set up some of the initial out-of-the-box setups, so that you have something that looks kind of like your industry. So for me, I'm an accountant consulting. I do not need an Account called "Dental Equipment." It's flexible to fit your industry.""It is user-friendly, making it accessible for business owners who often handle their own bookkeeping.""There are valuable security features including software access security (login password), data backup (getting all transactions and data from the previous bookkeeper), and an audit trail that is available when changes are questioned.""The most valuable feature is its decent accounts payable module. It works pretty well.""The most valuable feature of QuickBooks Desktop is its ability to import into QuickBooks Online files easily.""The solution is stable."

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Cons
"In the beginning, their support was top-notch. And then around the beginning of 2022, and end of 2021, their support tanked. We used to get responses in the beginning within one to two business days, and towards the end, we were getting responses in one to two business weeks.""Their enrollment e-signature, enrollment forms, and other documents need a lot of work. Once we fill in the information, we cannot go back and change any of that. It's a time-taking process. If there is any mistake in the document and if we need to go and change a specific field in the form, it's not possible. We have to redo the entire form."

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"We would like to have data conversion and upload applications included, without having to pay separately for them.""It would be beneficial to enhance inventory and manufacturing features, as it currently depends on third-party applications like Fishbowl Inventory to address these specific needs.""The solution's import function can be quite complex and not as smooth. Importing data is a more complex process compared to the straightforward export feature.""The main issue we are facing is related to licensing and the need to review invoices and product-wise details for international clients.""The customer response team is slow and sometimes causes the user to have a loss.""In their journal entries, you cannot use Accounts Payable or Accounts Receivable more than once. For example, I owe company "A" $100, so company "A" is Accounts Payable, and I just want to list it one by one by one. If I want to add more companies, say, company "B" with $200, I can't list Accounts Payable in that entry. I would have to just say, company "A", $100, company "B", $200, Accounts Payable, $300." That's a shortcoming of it.""The only concern that I've always had, and it's been a consistent issue that I've heard from others, which is when a file is exported from QuickBooks Desktop and imported into QuickBooks Online, there are accounts that are inactivated or deleted and duplicated. I don't know if it's a bug in the system or what it is, but there's the chart of accounts and the issue is always in the chart of accounts.""As of right now, you cannot edit secondary lists in a batch feature."

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Pricing and Cost Advice
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  • "When I first started, the only other options were the very expensive programs. QuickBooks Desktop you can find anywhere between $200 and $300 on Amazon or Costco."
  • "It is a bit on the high side, but it is affordable."
  • "The price point is higher because you are paying for a whole year in advance. They recently moved to subscription pricing."
  • "Regarding pricing, QuickBooks needs to make its point-of-sale system more affordable to onboard more small businesses. Many retail stores need a retail ERP, and QuickBooks POS is a good option. The pricing is a barrier for some businesses. If QuickBooks offered a more affordable package, it would be easier for businesses to choose QuickBooks POS and get the benefits of a retail ERP. It also gives you discounts."
  • "QuickBooks is an amazingly priced solution since it's a very cheap product, making it so good for small organizations since you can get a lot out of it without paying a large amount."
  • "The pricing is considered reasonable and reflects the value provided, falling neither in the extremely expensive nor very cheap category."
  • "It is relatively expensive."
  • "They're trying to catch up with more expensive platforms, so they switched to a subscription model, which makes it even more expensive."
  • More QuickBooks Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:I appreciated the templates that they offered for new hires and onboarding.
    Top Answer:I think it's great that it syncs with QuickBooks Online and any payroll software that syncs with QuickBooks Online is great. My issue with their syncing was that every single account for a deduction… more »
    Top Answer:Overall, I would rate this solution an eight, on a scale from one to 10, with one being the worst and 10 being the best.
    Top Answer:One of the aspects I appreciate the most is its remarkable user-friendliness.
    Top Answer:The solution's import function can be quite complex and not as smooth. Importing data is a more complex process compared to the straightforward export feature.
    Ranking
    14th
    Views
    315
    Comparisons
    222
    Reviews
    2
    Average Words per Review
    419
    Rating
    8.0
    3rd
    out of 44 in Billing Software
    Views
    473
    Comparisons
    248
    Reviews
    11
    Average Words per Review
    530
    Rating
    8.0
    Comparisons
    Puzzle logo
    Compared 45% of the time.
    IBM Maximo logo
    Compared 19% of the time.
    SIRIUS Abak360 logo
    Compared 12% of the time.
    Stripe Billing logo
    Compared 10% of the time.
    Also Known As
    ZenPayroll
    Learn More
    Overview

    Gusto provides payroll, benefits and HR to modern companies, by handling payments to employees and contractors and also electronically handling the paperwork necessary to help companies comply with tax, labor, and immigration laws.

    QuickBooks Desktop is a robust accounting software solution that provides a comprehensive set of features for small to medium-sized businesses. It offers advanced functionality, industry-specific versions, and integration capabilities to streamline financial management tasks. By utilizing QuickBooks Desktop, businesses can efficiently handle their accounting needs, generate accurate financial reports, and make informed decisions to drive growth and success.

    QuickBooks Desktop Features:

    • Invoicing: QuickBooks Desktop allows users to create customized invoices with their company logo, track invoice status, and send invoices to customers directly from the software.
    • Expense Tracking: Users can easily track and categorize expenses, import expenses from bank accounts or credit cards, and attach receipts for record-keeping.
    • Financial Reporting: The software offers a wide range of pre-built reports such as profit and loss statements, balance sheets, and cash flow statements, providing valuable insights into the financial health of the business.
    • Bank Reconciliation: QuickBooks Desktop simplifies the process of reconciling bank accounts by automatically matching transactions from the bank statement with those in the software, reducing errors and ensuring accurate financial records.
    • Inventory Management: Businesses can efficiently manage their inventory with features like tracking stock levels, setting reorder points, and generating purchase orders to ensure optimal inventory levels.
    • Payroll Processing: QuickBooks Desktop provides payroll functionality, allowing users to easily calculate employee salaries, track time, manage payroll taxes, and generate pay stubs.
    • Customer and Vendor Management: Users can store customer and vendor contact information, track interactions, and maintain a complete record of transactions with them.
    • Chart of Accounts: QuickBooks Desktop enables users to create and customize a chart of accounts that aligns with their business structure and financial reporting needs.
    • Budgeting and Forecasting: Users can create budgets for different accounts and track actual performance against projected amounts, aiding in financial planning and decision-making.
    • Integration Capabilities: QuickBooks Desktop integrates with a wide range of third-party applications, such as CRM software and payment gateways, allowing for seamless data transfer and workflow automation.

    QuickBooks Desktop Benefits:

    • Robust Accounting Functionality: QuickBooks Desktop offers a wide range of accounting features, including invoicing, expense tracking, bank reconciliation, and financial reporting. It provides comprehensive tools to handle all aspects of financial management.
    • Advanced Reporting Capabilities: The software provides in-depth reporting capabilities, allowing businesses to gain valuable insights into their financial performance. Users can generate customized reports, track key metrics, and make data-driven decisions.
    • Industry-Specific Versions: QuickBooks Desktop offers industry-specific versions tailored to the unique needs of different businesses, such as retail, manufacturing, and professional services. This ensures that businesses have access to features and functionality relevant to their industry.
    • Customization Options: Users can customize QuickBooks Desktop to align with their specific business requirements. They can create personalized invoices, set up unique chart of accounts, and customize templates to reflect their brand identity.
    • Integration with Business Applications: QuickBooks Desktop integrates with a variety of business applications, allowing seamless data exchange and reducing manual data entry. Integration with CRM software, payment gateways, and other tools streamlines workflows and improves overall efficiency.
    • Data Security and Control: With QuickBooks Desktop, businesses have control over their financial data as it is stored locally on their own systems. This gives them peace of mind regarding data security and privacy.
    • Scalability: QuickBooks Desktop is suitable for businesses of various sizes, from small startups to larger enterprises. It can handle growing data volumes and provide scalability as businesses expand.
    • Offline Access: Unlike cloud-based accounting solutions, QuickBooks Desktop allows users to access their financial data even without an internet connection. This can be beneficial in situations where internet access is limited or unreliable.
    • Longevity and Established Reputation: QuickBooks Desktop has been a trusted accounting software for many years and has built a strong reputation. It is widely used by businesses globally, providing assurance of its reliability and stability.
    • Dedicated Support: QuickBooks Desktop offers customer support through various channels, including phone and email. Users can get assistance with any technical issues or questions they may have.

    Reviews from Real Users

    Mimi Evans, owner & operator at Fearless Bookkeeping Services LLC, writes that QuickBooks Online has “Useful importing capability, beneficial inventory module, but lacking automation”

    Another PeerSpot user, managing Partner at a tech services company, states that QuickBooks Online “Provides excellent tracking of my finances and is easy to use and deploy”.

    Max Rubin, CFO at Make The Switch, says that "QuickBooks Online has improved my organization by offering a vast array of integrations with other products that allow you to improve process efficiencies while keeping the cost of your ERP or accounting software affordable."


    Sample Customers
    Farmgirl Flowers, Bevel, Pooch Pals, ALL MAVEN
    West Egg
    Top Industries
    VISITORS READING REVIEWS
    Computer Software Company21%
    Comms Service Provider9%
    Government9%
    Educational Organization9%
    REVIEWERS
    Financial Services Firm38%
    University13%
    Retailer13%
    Individual & Family Service13%
    VISITORS READING REVIEWS
    Computer Software Company14%
    Legal Firm9%
    Real Estate/Law Firm9%
    Financial Services Firm9%
    Company Size
    VISITORS READING REVIEWS
    Small Business40%
    Midsize Enterprise11%
    Large Enterprise49%
    REVIEWERS
    Small Business77%
    Midsize Enterprise8%
    Large Enterprise15%
    VISITORS READING REVIEWS
    Small Business54%
    Midsize Enterprise9%
    Large Enterprise38%
    Buyer's Guide
    Benefits Administration
    April 2024
    Find out what your peers are saying about Workday, Oracle, SAP and others in Benefits Administration. Updated: April 2024.
    769,599 professionals have used our research since 2012.

    Gusto is ranked 14th in Benefits Administration with 3 reviews while QuickBooks is ranked 3rd in Billing Software with 16 reviews. Gusto is rated 7.0, while QuickBooks is rated 8.0. The top reviewer of Gusto writes "Simple to use solution that offers a lot; gives employees the option to get cash advances". On the other hand, the top reviewer of QuickBooks writes "Though the solution has great reporting capabilities, search functionality is an area in the product that needs improvement ". Gusto is most compared with Sequoia People Platform and Namely, whereas QuickBooks is most compared with Puzzle, IBM Maximo, Salesforce Quote-to-Cash, SIRIUS Abak360 and Stripe Billing.

    We monitor all Benefits Administration reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.