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Member since: Jun 2024Deals bought: 9
4 stars
4 stars
Posted: Aug 29, 2024

Detailed & Thorough But Missing Features

I just purchased this product as an alternative to Wave Accounting Software, completed the setup, created and sent and invoice; and it is not bat at all. Although it's a bit of a learning curve to find things, it seems pretty good and well worth the price. However, I have noticed some things about Cheqbook:
1. It does not allow for every business account. I use American Express Blueprint Business Checking but it will only find and pull my personal accounts.
2. The invoice is not very visually appealing. The logo area reduces the quality of my logo and makes it look pixelated (bad for branding). I think the invoice design could use a facelift to match the quality of the Cheqbook product.
3. There is no ability (that I have found) to change or make custom titles for expenses. There are a ton of options but none are specific to the film industry of my company; so I am forced to used the pre-made ones instead. Again, it might exist but I have not found it yet.
4. The paid account claims to be "white labeled" (my term, not theirs), but it the Cheqbook logo sure shows up on a sent invoice.
5. The amount of information on the Dashboard can be overwhelming. It's way too many things to scrub through to figure out what is what.
6. I get that Cheqbook cuts costs by using third party integrations for customers to accept payments (I'm glad they at least have Stripe and not just "PayPal"), but it would be nice if that option was available directly through Cheqbook (even with the same or slightly higher fees).

Overall, I think it is a good purchase and can bring value to any business. I may have to open a completely different bank account with one of the banks Cheqbook supports in order to take advantage of the software.

I'm giving it 4 tacos due to the lack of online bank options and not being able to get rid of that annoying "Next Step - Share with your accountant" message. I'm a Veteran Owned small business, I don't have an accountant.

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