QuickBooks Desktop is more traditional accounting software that you download and install on your computer, while QuickBooks Online is cloud-based accounting software you access through the internet. For the Desktop version, you pay an annual fee starting at $549.99 per year, and the cloud-based option starts at $15 per month. Both versions have mobile apps, but the app for the Desktop version primarily functions as a way to upload receipts, and the Online mobile app is robust in comparison.
- Accurate Books Guarantee is only available for active customers of QuickBooks Live Monthly Bookkeeping who have provided their current business tax return.
- Intuit Data Protect is not intended as a HIPAA solution and its use will not assist with or ensure HIPAA compliance.
- With Plus, you can make POs, track them, and send them to vendors.
- It may not offer the accessibility and convenience of cloud-based software, but it has many strong features that are worth considering.
- The consumer group includes TurboTax tax preparation software and services for consumers and small businesses.
Your chart of accounts can also hold up to 10,000 entries, which again, should be ample. Businesses will need to upgrade to the higher QuickBooks Online plans to use inventory accounting features, such as the ability to track stock items and value and automatically update quantities. With Plus, you can make POs, track them, and send them to vendors.
Is QuickBooks Premier Plus Right for You or Your Business?
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. Yes, you can switch to another plan from any version of QuickBooks Online, QuickBooks Payroll, and QuickBooks Time. If you don’t want to edit and assign customer types to customers one by one, you can also assign customers to specific types in batch. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Find help articles, video tutorials, and connect with other businesses in our online community.
- You can also create a price rule by navigating to the Products and Services list and then selecting the drop-down arrow next to the “More” tab.
- Working from the cloud means you need an internet connection, so a poor signal or an intermittent connection can be an issue.
- However, they will allow you to easily create an invoice and keep track of your accounting for free.
We believe everyone should be able to make financial decisions with confidence. QuickBooks Online is our main tool and resource to have a quick snapshot of our accounting, sales, taxes, and profit/loss reports. The QuickBooks Online plan that’s best for you largely depends on the number of users who will be using the program, the size of your business and your particular needs. If you are self-employed and report income on Schedule C of your personal income tax return, the QuickBooks Self-Employed plan will likely make the most sense.
How much does QuickBooks cost?
You have to purchase a yearly subscription to use QuickBooks Desktop. Common payment processing options include PayPal, Stripe, Square, and Authorize.Net. QuickBooks Pro offers 14 payment processing integrations, or you can use QuickBooks Payments. QuickBooks Premier and Enterprise offer significantly fewer payment gateways, so you’re basically looking at QuickBooks Payments. With three distinct QuickBooks Desktop options, the pricing structure can be confusing. What’s more, Intuit makes it incredibly difficult to track down prices for all the additional charges you may face.
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There’s also a side-by-side software comparison chart for QuickBooks features and price. If you previously purchased QuickBooks Desktop licensing, you can continue to use the software as long as you like. However, be aware that support for your product will end three years after its release.
QuickBooks Desktop Pro Deciding Factors
Overall, QuickBooks Premier is a good pick for small businesses in one of the five specific industries it has tailored reports for. The ability to customize your reporting exactly to your needs can help you optimize your finances and easily spot issues. It’s also a great option if you don’t want to have separate payroll or payments software since the ability to handle everything in one place can be extremely convenient. While the company has since expanded to online accounting software, many businesses still prefer its desktop solutions. With Plus, you can create projects and add income, expenses, and wages. The Projects tool helps you manage different jobs and projects for your clients and track costs related to labor and materials.
QuickBooks Online’s invoicing feature is a great option for business owners who are already using QuickBooks for their business or plan to in the future. 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. This may signal future abandonment of its Desktop version as more people move to the cloud. If you make the switch from Desktop to Online, you can import your data and access your original company file at any time. For $27.50 per month for the first three months, then $55 per month after that, get up to three users, manage and pay bills and track time with its Essentials plan, which is its most popular plan.
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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. The right QuickBooks Online plan depends on the size of your business and the features you need. For example, Self-Employed is best for freelancers or solopreneurs, while Simple Start is ideal for small businesses wanting to track assets and liabilities. Essentials is preferable if you need to track unpaid bills, while Plus is great if you require inventory and project management. QuickBooks Advanced has many bells and whistles compared to Plus, but there are no additional features that are crucial to good bookkeeping. However, it removes the limitations on the number of classes, locations, and chart of accounts, making it ideal for businesses with a growing staff.
Based on our subjective evaluation, QuickBooks Pro’s A/R module wasn’t as easy to use as we expected—hence the slight blow to its score. Based on the chart above, QuickBooks Desktop Pro excels in most areas of accounting, including banking, A/P and A/R, project accounting, and inventory, which we discuss in greater detail below. If you need more than three users, you’ll need to upgrade to Premier or Enterprise. Read our QuickBooks Desktop versions comparison for insightful details on pricing and features. Larger businesses with sophisticated inventory, reporting and accounting needs.
All Plus features for up to 25 users, plus a dedicated account team, advanced business analytics, employee expense management, batch invoicing, workflow automation and more. All Simple Start features for up to three users, plus bill management and the ability to add employee time to invoices. QuickBooks Self-Employed is suitable for freelancers and independent contractors who want to be able to track all their business expenses (such accounting firm accounting companies as rent or marketing) in one place. If you report income on Schedule C of your personal income tax return, this cost-effective option might be best for you. There is no need to download QuickBooks Online because it is connected to the cloud, which means you can access online accounting from any device with an internet connection. You can download the QuickBooks Online mobile app from the Google Play Store or Apple App Store.