How do I switch to Found from Quickbooks?

Introduction

Found is a modern banking and bookkeeping platform for small business owners.

Found helps thousands of small business owners simplify their accounting and bookkeeping workflows with tools to track expenses, calculate taxes, send invoices, manage contractors, and more—all without leaving their business banking app.

Whether you’re looking for a simpler, cheaper software to manage your own books or you want to more easily collaborate with your accountant, here is how to switch over to Found from Quickbooks in a few easy steps.

Why do business owners switch to Found from Quickbooks?

Traditional bookkeeping solutions like Quickbooks can be costly, convoluted, and disconnected from key financial data in your business bank account.

On the contrary, Found gives you key banking and bookkeeping features in a simple, unified experience, which can be used either for free or through an affordable paid subscription.

Here are a few high-level reasons why business owners choose Found over Quickbooks:

Found offers a unified experience for banking, bookkeeping, and taxes

Found enables you to do key accounting and bookkeeping tasks from within your business banking app, so you can close the books and prep for taxes without needing to sync business income and expenses across multiple accounts.

This “all-in-one” approach helps to reduce manual work, simplify the user experience, and improve visibility into all of your financial data in one place.

While Quickbooks does offer a business checking account through Quickbooks Money, it does not offer an integrated experience between banking and bookkeeping tasks. Instead, you need to import transactions from your primary bank account, leaving room for syncing issues or human error.

Found emphasizes simple sleek design

Managing money comes with stress and anxiety, especially if you feel like you’re missing something or not understanding the full picture. 

Unlike many accounting softwares, Found’s mobile and desktop apps are designed with simplicity in mind, so that you can confidently run your business without getting lost in convoluted workflows or unneeded features.

Even better: we are constantly talking with our customers in order to build new features and roll out design improvements that better meet their needs. 

Found offers transparent pricing—and our core features are free! 

Good news: it is free* to sign up for Found! Once you do, there are no required monthly fees to use our core banking and bookkeeping features.

Using this free version of the app, you can use our full-featured business checking account and debit card, which has built-in tools to manage expenses, calculate estimated quarterly taxes, run P&L reports and more. We’ve intentionally made the bulk of our core features free so that small business owners can get value out of the app without worrying about a monthly subscription.

For businesses who want premium features, such as advanced bookkeeping functionality and priority customer support, they can choose our paid plan, Found Plus. This packs a ton of value into its subscription price ($19.99 monthly, $149.99 annually), and is still cheaper and simpler to use than Quickbooks Solopreneur and Simple Start plans, once their initial monthly & annual discounts stop.

How do Found and Quickbooks compare?

Both of Found's plans have straightforward pricing with no hidden fees or add-on packages required.

Quickbooks, on the other hand, has complicated pricing that may require additional product packages and upsells in order to use key product features. For instance, Quickbooks’ contractor payment features require an additional subscription (capped at 20 contractors before charging $2/contractor) in addition to your Quickbooks Online subscription, whereas Found offers end-to-end contractor management features without any per-contractor fees as part of its free plan. 

Here is a breakdown of Found’s plans vs. Quickbooks Online’s Solopreneur plan:

How do I switch to Found?

Step 1: Sign up for an account for free, which includes a 30-day free trial of Found Plus*.

Step 2: Import your historical transactions from Quickbooks by logging into your Quickbooks account, downloading your activity as a .csv file, and then uploading them to Found.

Step 3: Import any other historical transactions from your banks, credit cards, and financial apps that were not tracked in Quickbooks so that Found is the source of truth moving forward

Step 4: Categorize these transactions, and create rules to automate the process moving forward. 

Tip: Check out our Guide to Getting Started for a more detailed checklist to get up and running.

Do I need to switch over my banking to Found too?

It is possible to try Found out for only its tax and bookkeeping features, though you will need to hold a non-zero balance in your checking account within 90 days to prevent your account from becoming dormant.

We have built the functionality to sync transactions from other bank accounts or financial apps, in case you need to. However, Found is most powerful when it’s your primary business bank account so that you can take advantage of its tax and bookkeeping automations without needing to sync business income and expenses from other providers. 

If you do end up switching to Found for banking, make sure to follow these steps to get set up:

Step 1: Transfer your funds from your primary bank account to Found or deposit money another way.

Step 2: Update your Found account number and routing number with any clients or platforms that regularly pay you.

Step 3: Update your Found debit card on any platforms where you make common business expenses.

Learn more: How to switch to Found from another bank?

How can I try out Found before switching?

If you already have a business bank account or bookkeeping software, there are a variety of ways to try out Found before switching over.

Take an interactive product tour

Explore Found at your own pace with our online interactive product tour.

Browse our tutorial videos

Watch our video walkthroughs to get bite-sized overviews of popular features.

View all tutorial videos ->

Try out the app yourself

Once you open an account, you can try out Found's bookkeeping and tax features before entirely switching your banking over. We encourage business owners to try out these features themselves using our free plan and 30-day free trial of Found Plus in order to see if the app is right for their needs.

Here are the steps that we recommend taking to see Found's core features all in action:

Step 1: Import transactions from your other bank or credit card into Found

Step 2: Categorize these transactions, and create rules to automate the process moving forward

Step 3: View the reports (i.e. P&L, expense breakdown) based on all of these transactions

Step 4: Create Pockets for different parts of your business or savings goals

Step 5: Deposit money from your existing bank account or get paid into Found another way

Step 6: Watch how Found helps you auto-save for taxes and other goals in these Pockets as you earn income

Step 7: View your real-time quarterly tax estimate and see how it updates as you earn income and log expenses

Learn more: Guide to Bookkeeping on Found

Who else is switching?

Over 500k small business owners have chosen Found to run their business banking and bookkeeping. 

And our customers love us! Check out our reviews on the App Store (4.8 stars) and Google Play Store (4.7 stars). 

Have more questions?

*Found's core features are free. Found also offers an optional paid product, Found Plus for $19.99 / month or $149.99 / year. After your 30-day free trial, your Found account will be debited this subscription fee.