QuickBooks Online is a great accounting app. As a matter of fact it is best in class in the market, you can purchase QBO for $35 to $200 a month based on the version you need. However, it is still very far away from having feature/benefit parity to its Desktop/Enterprise counterpart; and for larger companies, it might not pass muster. Here is my master list from an internal wishlist I have been compiling for years, it might serve a good context for you to know prior to moving from QuickBooks Desktop (or another more powerful accounting package such as Sage Intacct, Netsuite, MS Dynamics, etc) to QuickBooks Online. I primary work with “larger” companies that are crossing that micro/small business segment and moving into the midsized segment; usually with 10+ employees and over $1,000,000 in case; and as the business gets more complex, the accounting software’s shortcomings start to really affect the operations and ability to grow.
I work with many QuickBooks Desktop Enterprise users and starting to get proactive requests from them to want to move to QuickBooks Online Advanced. This is usually a complex conversation that requires a deep analysis of the operations to determine suitability. The move from Enterprise to Online brings upon more feature loses than gains; and requires a close look. If you are looking for a QB Desktop/Enterprise vs. QB Online/Advanced feature parity comparison guide,
