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Taxprep vs QuickBooks Online: Which is a better fit?

Updated on January 23rd, 2025
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Summary
Features in Bookkeeper
3
50
44
Best performer
50
  • Accounting
  • Accounts Payable
  • Accounts Receivable
User satisfaction
4.6
User reviews215
Ease of use
4.4
Functionality
4.4
Value for money
3.8
Customer support
4.2
4.3
User reviews7,844
Ease of use
4.2
Functionality
4.3
Value for money
4.2
Customer support
4.0
Price starts from
Not provided by vendor
Free version
Free trial
Monthly subscription
Free version
Free trial
Best for

Taxprep is accounting software used across Canada in both English and French by Public Accounting, Tax Preparation, Legal Services, Bookkeeping, Banking, Insurance, Education, Government, + More.

QuickBooks Online is perfect for small and medium businesses, offering smart tools to manage finances, track expenses & streamline processes. Save 50% off for 3 months!

User reviews
pros & cons
1 / 4
View Reviews
1 / 4
View Reviews
Video reviews
video-95f969eb-14a4-4c9a-f4a6-08d9c0270764
Penny L
Senior Tax Consultant
5.0

Penny: Hi, my name is Penny, and I am a Senior Tax Consultant. I give Taxprep a rating of five. For more reviews, please click below. I use Taxprep for personal, corporate, trust and foundation tax returns. So I basically use the full suite of the software's available options. I do really like the slip importing and exporting options. It gives me the flexibility of importing data from external sources. And as well, I can extract data from Taxprep into Excel, and that will be compatible with other years of tax returns in Taxprep or other softwares. Recommendations for improvement for the software's user-friendliness, I would suggest that Wolters Kluwer could be more open about their mapping of the fields in each year's Taxprep software. So that we, as tax accountants, can more easily streamline our tax preparation process through a summary of all cells in a year's Taxprep software, so that we don't have to spend hours trying to update our process mapping for each year before the tax season starts.

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video-033dd6f9-3e5b-484e-6f33-08dc5a838637
Alex Y
COO
5.0

Speaker 1: My name is Alex. I'm the COO for Made By WiFi. We're a boutique IT firm based out of New York City with under 10 employees. I would rate QuickBooks Online a 5/5. I use QuickBooks Online for bookkeeping, invoice management, accounts receivables, payment processing, as well as the reporting capabilities which are very rich. I like how easy it was to pick up and learn. I've never used QuickBooks before. We were managing our company's finances through Google Sheets prior to QBO. The learning curve was basically a day, we got it all figured out. It's very easy to navigate and it's very easy to find what you need as well as streamline financial operations. Just making it easier to get paid, essentially. I'd like to see more consistent monthly billing from QBO. I feel like our monthly billing increased almost by 50% since we signed up without really getting more features. I'm not sure how quickly or why they raised their prices so aggressively, but they have, and I wish there was just more of a locked-in rate for a period of time that we could have agreed to.

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User interface
185193 video thumbnail}
1 Video
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1 Video
185193
4 screenshots
190778
5 screenshots

Taxprep

3/50
  • Access Controls/Permissions
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • ACH Payment Processing
  • Activity Dashboard
  • API
  • Bank Reconciliation
  • Billing & Invoicing
  • Bookkeeping Services Integration
  • Budgeting/Forecasting
  • Cash Flow Management
  • Cash Management
  • Categorization/Grouping
  • Credit Card Processing
  • Customizable Templates
  • Document Storage
  • Electronic Payments
  • Estimating
  • Expense Claims
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Fixed Asset Management
  • General Ledger
  • Income & Balance Sheet
  • Invoice Management
  • Invoice Processing
  • Mobile Access
  • Payment Collection
  • Payment Reconciliation
  • Payroll Management
  • Profit/Loss Statement
  • Purchase Order Management
  • Real-Time Data
  • Receipt Management
  • Recurring/Subscription Billing
  • Reminders
  • Reporting & Statistics
  • Revenue Recognition
  • Sales Tax Management
  • Spend Management
  • SSL Security
  • Third-Party Integrations
  • Transaction History
  • Vendor Management
  • Data Import/Export
  • Multi-Currency
  • Tax Management
See All features
Hide Bookkeeper Software Features -

QuickBooks Online

Top Features
44/50
Show Bookkeeper Software Features +
Taxprep
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
QuickBooks Online
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
Taxprep
  • By Wolters Kluwer
  • Located in United States
  • Founded in 1986
QuickBooks Online
  • By Intuit
  • Located in United States
  • Founded in 1983
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