QuickBooks for Small Business: Which Version Do You Need?

As a business grows, users can easily upgrade to a more advanced plan with additional features seamlessly. QuickBooks is the platform most used by professional accountants so if you plan to work with an accountant, they will likely be very familiar with the platform, its features and capabilities. All QuickBooks products have a maximum user limit, so think about who will need access to your account, especially since the desktop products are priced what songs are most relevant to accountants based on the number of users.

QuickBooks Time

Not all versions of QuickBooks offer multiple plans or make it simple to move your business from one product to another. If you think you’ll need more advanced features in the future, it’s important to make sure you choose an option that can accommodate those needs. Here’s a look at all of QuickBooks’ small-business products, including accounting, point-of-sale and payroll software.

If you want to use your software anywhere you have an internet connection, you’ll likely want to focus on QuickBooks Online or pay more to add remote access through hosting to QuickBooks Enterprise. QuickBooks Pro Plus is the most basic version of QuickBooks Desktop. This is a desktop product, meaning you download and install it on your computer.

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Larger businesses with substantial accounting teams may want to consider the QuickBooks Advanced plan. This plan significantly extends the functionality of the other plans by offering features such as a dedicated account team to help, workflow automation, data restoration, batch invoices, and on-demand online training. It covers up to 25 users and provides dedicated customer support and advanced reporting features. Live Expert Assisted doesn’t include cleanup of your books or a dedicated bookkeeper reconciling your accounts and maintaining your books for you. Live Expert Assisted also doesn’t include any financial advisory services, tax advice, facilitating the filing of income or sales tax returns, creating or sending 1099s, or management of payroll.

Desktop Enterprise

1. Because there is an unlimited number of users that can use the program, you can maximize its use if you have a team of professionals who need access to your accounting software.
2. Our partners cannot pay us to guarantee favorable reviews of their products or services.
3. We believe everyone should be able to make financial decisions with confidence.
4. Intuit reserves the right to limit the number of sessions and the length and scope of each session.
5. Higher-tier plans include more advanced capabilities like inventory management and job costing.
6. No matter which version of QuickBooks Desktop you’re using, you can switch to QuickBooks Online quickly and seamlessly.

Work from anywhere with the power of the cloud and real-time, secure collaboration. See why Desktop users are making the switch to QuickBooks Online. QuickBooks has been powering what does pc stand for after a business name small businesses for more than 40 years. Small businesses that prefer locally installed software and work from a Mac.

QuickBooks Plans Compared

QuickBooks Online — often considered the industry standard for accounting software — is fairly user-friendly, but some basic accounting knowledge will help you get started. Higher-tier plans include more advanced capabilities like inventory management and job costing. Because the product is cloud-based, what is coupon rate definition of coupon rate coupon rate meaning it’s accessible anywhere with an internet connection. Xero is most often used by small to medium-sized businesses (SMBs). Although it has the lowest starting price, at $12 per month, it can be a little more difficult to navigate than QuickBooks or FreshBooks.

QuickBooks Online is a cloud-based accounting platform while QuickBooks is a desktop program that provides additional inventory management features. Although you can track expenses, QuickBooks Simple Start doesn’t enable users to pay bills. Money movement services are brought to you by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services, subject to eligibility criteria, credit and application approval.

Additionally, Premier Plus includes industry-specific features for manufacturers, wholesalers, nonprofits and retailers. We believe everyone should be able to make financial decisions with confidence. 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. FreshBooks is great for self-employed individuals, sole proprietors and independent contractors.