If you want to access financial data remotely, you usually have to pay an additional fee for offsite hosting. QuickBooks Desktop plans also cost an annual fee per user, and most plans only allow for up to five users. QuickBooks Online plans also allow for up to 25 users, which is more than most desktop plans allow. QuickBooks Online offers a lot of support resources like tutorials and webinars.
Join 7 million customers globally using QuickBooks
With QuickBooks Online Simple Start you can invite up to two accounting firms to review your books at no additional cost. If your business has complex inventory management needs, particularly if you deal with manufacturing or wholesale, you might find software like Xero more suitable. Alternatively, if you’re a freelancer or solopreneur with very basic accounting needs and a tight budget, Wave, a free accounting software option, might be a practical starting point. While Wave lacks the advanced features of QBO, it covers essential functions like invoicing and expense tracking. Ultimately, the best accounting software for your business depends on your specific requirements and priorities.
QuickBooks Solopreneur Features
- Priced at $35 per month (with a 50% discount for the first three months, bringing it down to $17.50), this plan covers the essentials.
- From side-hustles to complex companies, we have the tools you need to run your business.
- You can only access it on that device unless you install it in another one.
- For accounting firms interested in enhancing their QuickBooks expertise, FinOptimal offers a partnership program.
- This level of customization is invaluable for data-driven decision-making.
One of QBO’s greatest strengths is its open platform, which allows for seamless integration with a wide range of third-party applications. From CRM and inventory management to time tracking and project management tools, connecting your existing software with QBO creates a more efficient workflow. Explore the QBO app store to discover integrations that can streamline your specific business processes. QuickBooks Payroll streamlines payroll processing, including calculating wages, withholding taxes, and generating paychecks. Different plans offer varying levels of automation and support, with pricing based on a monthly fee plus a per-employee cost. FinOptimal’s Accruer software can integrate with QuickBooks Payroll to further automate accounting processes.
Beyond custom reports, the Advanced Plan offers enhanced insights to help you understand your business performance. Features like advanced analytics and forecasting tools provide a clearer picture of your financial health, allowing you to identify trends and make proactive adjustments. This empowers you to make informed decisions about resource allocation and overall financial planning. For businesses looking to further enhance their financial analysis, FinOptimal offers managed accounting services to provide expert support. QuickBooks Online offers an incredible number of features and automations.
QuickBooks Desktop, being tied to a specific computer, lacks this flexibility. While you can access your data remotely with some workarounds, it’s not as seamless as QBO’s cloud-based access. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews.
With batch expensing, you can record and categorize multiple expenses simultaneously, such as travel, office supplies, or equipment purchases. Upload receipts in bulk, assign them to the correct accounts, and submit them for approval, simplifying expense management. Simple Start makes quickbooks plan comparison it easy to record and track payments to independent contractors. You can designate vendors as 1099 workers, ensuring their payments are tracked for tax purposes.
QuickBooks Online Plus Pricing
- If you’re migrating from another accounting software, research the specific data migration process and any potential limitations beforehand.
- QBO offers a comprehensive suite of accounting tools suitable for small businesses and includes features like in-depth reporting, sales tracking, and profit and loss statements.
- Different plans offer varying levels of automation and support, with pricing based on a monthly fee plus a per-employee cost.
- Choosing the right one depends on your business needs, size, and industry.
- Essentials adds advanced features to those already found in Simple Start.
You can also use other payment processors QuickBooks integrates with. With QuickBooks Payments, you can accept credit and debit card payments, ACH transfers, and Apple Pay payments. This makes payments more convenient, which can lead to quicker payoffs. You can set up automatic contributions or let your employees decide how much they’ll allot for it. It has everything from the Plus plan but with more integrations and customizations. For example, you can set up automatic workflows and backups for better efficiency and productivity.
Expenses related to contractors can be categorized, and the plan helps you generate and print 1099 forms. However, e-filing 1099s requires a subscription to QuickBooks Payroll. QuickBooks Solopreneur is ideal for one-person businesses with limited bookkeeping knowledge or those needing to separate business and personal expenses.
This could be in the form of a bookkeeping service directly from the software provider or from independent bookkeepers familiar with the program. Other components of usability include customer service and ease of use. In addition to the basics of issuing invoices and collecting customer payments, we evaluated the software’s ability to create customized invoices. We also assessed whether it could handle non-routine transactions like short payments, credit memos, and the refund of credit balances in customer accounts. Essentials adds advanced features to those already found in Simple Start. Most notably, Essentials can track time and expenses and automatically add them to a customer’s invoice.
Advantages of QuickBooks Online Simple Start
Such plans differ in the number of features included and users added and are designed for separate purposes. We also searched for ways to provide more granular information like class and location tracking and custom tags. Simple Start uses a double-entry accounting system, letting you track assets—like bank accounts—and liabilities, such as credit card balances and loans. While basic liability tracking is supported, complex items like deferred revenue or detailed inventory management require manual adjustments or an upgrade to a higher plan. Payroll liabilities are also tracked automatically when using QuickBooks Payroll. With Simple Start, you can process payroll by subscribing to QuickBooks Payroll starting at $50 per month plus $6 per month per employee.
The QuickBooks Online comparison chart below highlights some of the key features of the five plans. We include in-depth, side-by-side comparisons of each plan against its next-level tier in the sections that follow. If you want to give QuickBooks a try before buying, you can sign up for a free 30-day trial or use the company’s interactive test drive that’s set up with a sample company. Here’s a complete breakdown of what’s included with each QuickBooks Online pricing plan. Learn how we stay transparent, read our review methodology, and tell us about any tools we missed.
The Simple Start plan is perfect for freelancers and small business owners just starting with accounting software. Priced at $35 per month (with a 50% discount for the first three months, bringing it down to $17.50), this plan covers the essentials. You can track income and expenses, send invoices, manage bills, and generate basic reports. It’s designed for one user, making it ideal for solopreneurs or very small teams. If you’re looking for a straightforward way to manage your finances without the complexity of advanced features, Simple Start might be the right choice. QuickBooks Online Simple Start is one of the QuickBooks Online Versions that works well for single users like solopreneurs and small businesses just starting out.
Generate Basic Reports
QuickBooks Premier is robust, locally-installed software with plenty of features and 200+ integrations. Unfortunately, QuickBooks no longer offers this option for purchase online. To purchase QuickBooks Desktop Pro, you will need to contact QuickBooks Sales by phone. Each plan varies in terms of features and the number of users allowed. Existing QuickBooks Desktop Pro, Premier, Mac, or Enhanced Payroll users will not be impacted.