QuickBooks vs Gusto both payroll and accounting software, choose the right one to run your business. QuickBooks is utilized for small and medium measured businesses. Gusto is preferred for payroll and HR functions. QuickBooks vs Gusto is two popular platforms for running the businesses and they have some overlapping features.
What are QuickBooks ?
QuickBooks is a good accounting software. It is utilized for small and medium measured businesses. It also provides both features Desktop and Online and It tracks their financials. QuickBooks manages finance, income, expenses, payroll and inventory.
It makes a difference to oversee businesses finance by tracking expenses and invoices. QuickBooks allows businesses to automatic salary payments, calculate all tax and filing by payroll feature. It means you can process payroll to make payments to employees and taxes paid to the government on schedule with QuickBooks.
Key Features in QuickBooks
- Full accounting system
- Invoice
- Expenses tracking
- Bank feeds
- Payment process
- Financial Reports
What is Gusto ?
Gusto could be a cloud-based stage which gives payroll and HR arrangement for small businesses. This stage is user-friendly and easy to utilize. It is centered on payroll but also helping with hiring, benefits and onboarding.
Gusto exceeds the payment of employees by offering a complete suit of HR tools. Gusto’s interface is intuitive and simple, business owners and HR departments do not have to be payroll specialists to be able to utilize it successfully.
Key features of Gusto
- Automatic payroll
- Self-service portal
- Benefits Management
- Onboard and hiring tools
- Global contractor payments
- Time track tool
QuickBooks vs Gusto : Comparison
QuickBooks vs Gusto both are software for small and mid sized businesses but some key features make them different from each other. The choice is between them is depend on business :
Easy to use
QuickBooks could be a complex stage and accounting friendly. It could be a good stage for some accounting knowledge people. Users take time to understand the features of QuickBooks.
Gusto is a user-friendly platform. It is easy to understand for non-accounting people and it is also designed with a very simple mind for users.
Integration
QuickBooks is the best platform for payroll work, If you use QuickBooks accounting already. It keeps all your data in one place.
Gusto is combined with various accounting software but also offers broader HR functions.
HR Tools
QuickBooks is only focused on payroll and accounting. It has limited user access.
Gusto is providing more broad HR features and includes benefits and onboard tools.
Support
QuickBooks could help us with 24/7 chat and phone service. They might not be available only on weekends. QuickBooks users take their support any time.
Gusto has an excellent payroll, easy to set up and run. It has supported international constructors.
Payroll
QuickBooks has a hard payroll feature especially for QuickBooks users. It has global payroll (US focused).
Gusto could not give services to help us 24/7 chat and phone service. They are only supported on weekdays with high customer services.
Pros and Cons in QuickBooks vs Gusto
Pros in QuickBooks
- QuickBooks has wider finance reports management and its providing features like expense tracking and detailed reporting.
- QuickBooks is suitable for growing businesses.
- Freelancers can grow their own business with the help of QuickBooks.
- It has strong integration with other intuit products, particularly QuickBooks Online.
- QuickBooks has an advanced payroll feature for users and also includes online
payment.
Cons in QuickBooks
- QuickBooks give limited features access and if you want to use more features than upgrade the plan.
- It is not used for onboarding, benefits and is complex to use.
Pros in Gusto
- Gusto could be used for small businesses and it has a user-friendly interface.
- It is easy to use for those people who do not know about accounting and it can handle onboarding, benefits and tax filing.
- Non-accounting people can easily work with it and is not complex for users.
- Gusto has a wide range of HR features and strong payroll automation.
Cons in Gusto
- Gusto has limited reporting features and may also not be customizable for other payroll.
- It is not a built-in tracking, invoicing and bill tracking features.
- Gusto is less flexible compared to QuickBooks.
Which One Should You Choose?
Choose QuickBooks if :
QuickBooks is accounting software and if you know about accounting then you can easily use it. It is used for small and mid-sized growing businesses. QuickBooks helps to create detailed finance reports. If you want everything in one ecosystem then use QuickBooks. If you are a freelancer and small business owner then you can easily make finance reports yourself.
Choose Gusto If :
Gusto is used for start ups and small businesses. Gusto provides HR features and it is helpful when you do not need deeper accounting features. In Gusto, you pay international contractors.
Conclusion
QuickBooks Intuit is fine if you are concerned with accounting and Financial reports. It is barely a solution for reporting income, expenses and tax information.
Gusto is good for startups and small sized businesses for prioritizing HR solutions, employees management and payroll.
