QuickBooks for Small Business: Which Version Do You Need? June 16, 2023

37% faster based off of internal tests comparing QuickBooks Online regular invoice workflow with QuickBooks Online Advanced multiple invoice workflow. Nearly 70% of business owners who have been there, done that, recommend writing a business plan before you start a business. Or let a tax expert powered by TurboTax do your taxes for you, start to finish.

What do accountants think of QuickBooks Online?

Our partners cannot pay us to guarantee favorable reviews of their products or services. For $1,922 per year, get the Enterprise plan with advanced pricing, reporting and inventory. The higher your plan tier, the more reports and users you can add, although it’s important to understand concurrent users are each sold separately. QuickBooks Online is available both as a desktop application and an online SaaS (software as a service) model. However, access to add-on services to the QuickBooks Desktop for Windows 2019 was discontinued after May 31, 2022.

Is QuickBooks Online Right for You or Your Business?

Additionally, Premier Plus includes industry-specific features for manufacturers, wholesalers, nonprofits and retailers. Here’s a look at all of QuickBooks’ small-business products, including accounting, point-of-sale and payroll software. Plus, you’ll find details on how QuickBooks stacks up against its competitors, as well as alternatives to consider.

• Again, why in the world with someone at QuickBooks think it’s a good idea to deny is the ability to search by invoice number?!
• While setting up QuickBooks, you can connect your bank as well as credit card accounts to the software.
• Times, Tom’s Guide, Investopedia and various newspapers across the U.S.
• Additionally, you’ll learn how to write off bad debts, which are recorded as an expense in QuickBooks.
• All these apps integrate seamlessly with each other and QuickBooks accounting software, thus building a well-rounded accounting and payments ecosystem for your small and mid-sized business.

QuickBooks Software Options

If you outgrow any service, you can choose to remove or upgrade it as needed. quickbooks online login qbo has been phasing out its desktop product offerings and encouraging businesses to move to using one of its online products. After Sept. 30, 2024, QuickBooks Desktop plans will no longer be offered to new customers (although support and updates will continue for existing customers). QuickBooks Enterprise, then, will be the only remaining desktop solution. Access your account via the cloud for up to 25 users with the Online version, and pay an additional fee per user, up to 40 users, for cloud access with Desktop. What used to be a huge bulk of QuickBooks business is no longer so—it focuses mostly on its cloud version and actively encourages users to make the switch from Desktop to Online.

In addition to accounting products, QuickBooks offers payroll and POS software, along with payment processing services. QuickBooks, on the other hand, is a software dedicated only to accounting. It has features required specifically for accounting like income and expense tracking, payroll management, invoicing and inventory management. Currently, QuickBooks is offering two different specials; you can either try it free for 30 days or sign up and get a 50% discount on your first three months. Terms, conditions, pricing, special features, and service and support options subject to change without notice.

QuickBooks Online Does Not Integrate With TurboTax

• The user experience is so awful now, just makes me wonder who would approve such inefficient changes.
• QuickBooks Online is available both as a desktop application and an online SaaS (software as a service) model.
• This may signal future abandonment of its Desktop version as more people move to the cloud.
• The plans are affordable for individuals and small businesses—the lowest-priced plan is $10 per month, but you’re limited to one user; the advanced plan costs $25 per month and allows unlimited users.
• The software is very easy to use, even for people who do not have an accounting background.

QuickBooks Online made it to our Best Accounting Software for Small Business list because it is a comprehensive platform that checks all the boxes for accounting, invoicing and expense tracking. If you aren’t sure about the product, you can give it a 30-day test run with 100% capabilities of the Simple Start Plan to see if it meets your needs. To compare features and see which QuickBooks product is right for you, see our pricing page. The inventory management and job costing features are more robust in QuickBooks compared to QuickBooks Online. As of this writing, QuickBooks Online was offering a 50% discount for three months on all subscription plans. As you accept payment for any item in the inventory, the right expense account is updated and reflected automatically in taxable income.

Other solutions are available that are less expensive, easier to use and offer features that QuickBooks does not. Mark Calatrava is an accounting expert for Fit Small Business. As a QuickBooks ProAdvisor, Mark has extensive knowledge of QuickBooks products, allowing him to create valuable content that educates businesses on maximizing the benefits of the software. This module will teach you to download and track your credit card purchases in QuickBooks and reconcile them with your credit card statement to ensure that they match. You’ll also learn how to manage credit card sales with either a QuickBooks Payments account integrated with QuickBooks or a third-party credit card processor.

However, so if you work with a professional accountant, they will likely have an in-depth understanding of the platform and can guide you through its functions. Consider these factors when determining which version of QuickBooks is best for your small business. Small and medium-sized businesses that need industry-specific tools. Answer a few questions about your business and we’ll tell you which QuickBooks plan is the best match. You can download and get started after spending a couple of hours browsing through the different screens.

QuickBooks Online is a good option for many small businesses that are looking to make invoicing customers easy and integrate invoicing and payments into the general ledger. Small businesses can customize how they use the platform so that they only use the features they need. QuickBooks Online is a leader in the accounting industry with it being the bookkeeping software of choice for many accountants, certified public accountants (CPAs) and bookkeepers. When comparing it to other bookkeeping providers, such as FreshBooks and Xero, we note that all three have a 30-day free trial to test the system out. This is important to note since you’ll want to make sure that it is capable of doing what you need in a manner that you understand and can digest.

Invoicing and payments

Create an invoice and set up NetSuite to send it and collect payment automatically. We reviewed more than a dozen accounting software options using a detailed methodology to help you find the seven best QuickBooks alternatives. Not all versions of QuickBooks offer multiple plans or make it simple to move your business from one product to another.