QuickBooks Solopreneur is a “lite” version of the online product that’s ideal for people who earn income from a variety of sources and helps to separate personal and business finances. Customer support includes 24/7 help from a virtual assistant (chat bot) as well as live phone and chat support during daytime hours, Monday through Saturday. If you’re shopping for QuickBooks as a small-business accounting solution, first decide whether you’d like online, cloud-based software or a desktop product that locally stores your information.
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- Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services.
- Combining QuickBooks with robust tools like Method gives you the functionality of an ERP like Oracle Netsuite without the hefty price tag.
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- Businesses with inventory will likely get the most benefit from QuickBooks Plus.
- A Live bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, which your bookkeeper will request from you after your first meeting.
- Desktop Premier and Enterprise, meanwhile, allow up to five and 30 users, respectively.
Although you can track expenses, QuickBooks Simple Start doesn’t enable users to pay bills. If you don’t need accounting just yet, our new money solution offers banking, payments, and 5.00% APY—all with no subscription or starting fees. One thing that FreshBooks has that QBO lacks is excellent customer support. It may also be a more affordable option provided you don’t have many users, as FreshBooks charges an additional fee per user. When it comes to features and integrations, QuickBooks Online and Xero are pretty evenly matched.
The Premium and Elite plans also support automatic filings for state new hire paperwork. Setting up the software involves plenty of one-time tasks that you’ll want to get right the first time, like connecting your bank account and setting up a series of automated processes and templates. Through Live Bookkeeping, you’ll get a single one-on-one session that can clear up any questions and start your accounting software subscription off on the right foot. It also supports batch importing, to help a single user create, edit, and send multiple invoices, checks, expenses, or bills. You can also automate key accounting tasks such as setting reminders for invoices, payments, or deposits. You can automatically notify customers when their payments have been received and you can route invoices through pre-set approval flows.
However, Xero has a few advantages because it supports unlimited users at no additional cost, making it a solid choice for larger businesses. While all plans include basic accounting features, you can upgrade your plan for more advanced features. These include time tracking, the role and responsibilities of the managerial accountant project management, inventory management, budgeting, and more. FreshBooks’ pricing starts at $17 per month, so it costs a little less than QuickBooks’ $20-per-month plan. FreshBooks stands out for a great set of features, but it does not offer the payroll processing or advanced tools that QuickBooks has.
In some cases, your cleanup may take longer depending on timeliness of documentation and the complexity of your books. A Live bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, which your bookkeeper will request from you after your first meeting. QuickBooks Online is a subscription-based product that gives you the freedom to work on the go. You can access and sync data across all your devices – computer, tablet and smartphone. Your data is securely backed up and you have instant access to the latest product and feature updates. Additionally, you can connect QuickBooks Online to over 300 apps you already use, and save even more time.
Additionally, QuickBooks Online offers several features that you can’t get with QuickBooks Desktop (such as automatic sales receipts, split transactions, scheduled invoices, and location and class categories). Another difference between QuickBooks Enterprise vs. Online is their pricing plans. Today, you’ll weigh up QuickBooks Online vs. Enterprise — two of Intuit’s most powerful solutions.
QuickBooks Online vs QuickBooks Desktop
QuickBooks pricing varies quite a bit depending on which product you choose and how many users you need. QuickBooks Online Plus (not to be confused with QuickBooks Desktop Pro Plus) includes five users and advanced features. QuickBooks is a great accounting software option but how much will QuickBooks Online actually cost you? Our QuickBooks pricing guide covers costs, extra fees, plan differences, and more. To manage payroll through QuickBooks Payroll, you’ll need to pay a fee for this add-on service, with plans ranging from $45 to $125 per month, plus an additional $5 to $10 per employee per month.
Time Tracking
Starts at $4,668/year for one user (only offered as a monthly subscription). This easy-to-use and feature-rich software is ideal if you have no bookkeeping experience and want top-notch customer support. QuickBooks Solopreneur (formerly known as QuickBooks Self-Employed) costs $20/month or $120 for the first year. This software is best suited for freelancers, allowing them to track income and expenses, track mileage, estimate quarterly taxes, and run basic reports. At the end of the day, the cost of QuickBooks Online depends on your business’s needs, and the cost of QuickBooks doesn’t stop at just $35/month for most businesses.
Tax Forms & Support
QuickBooks Online also offers more automation features, which might be a better fit for small businesses — the more tasks you can delegate to the software, the more efficient your business will be. QuickBooks Desktop also has a more dated and harder-to-navigate UI than QuickBooks Online. However, the QuickBooks Desktop Pro requires you to pay $299 for every additional user, up to a maximum of three. Desktop Premier and Enterprise, meanwhile, allow up to five and 30 users, respectively. Before we dive into the details of each QuickBooks plan and its value, here’s a look at the latest accounting software deals and discounts from the biggest and best QuickBooks alternatives on the market. Key features are the ability to track income and expenses, photograph and organize receipts, estimate quarterly taxes, send invoices, accept payments, create basic reports, and track miles on the mobile app.
