Account Plan Comparison

QuickBooks Online is a cloud-based accounting platform while QuickBooks is a desktop program that provides additional inventory management features. QuickBooks Plus is the first tier that includes financial statements 2020 inventory tracking and project profitability features. It also allows for five users and offers greater customization features for invoices and reports.

When To Choose QuickBooks Solopreneur

1. QuickBooks Simple Start has a decent ability to record and track payments to independent contractors, making it easier to stay compliant with tax regulations.
2. Zapier is a no-code automation tool that lets you connect your apps into automated workflows, so that every person and every business can move forward at growth speed.
3. However, locally-installed software can be more secure and offers a level of feature depth that the cloud often can’t touch.
4. There’s also a feature that facilitates inviting your accountant to the platform, so they can have direct access to your data.
5. It takes a bit of time to click around and understand where everything is, but a quick run-through is more than enough to familiarize yourself with what QuickBooks Online can do.
6. There are six QuickBooks versions that allow business owners to manage their accounting and finances.

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. Although QuickBooks Online is a great cloud-based accounting platform, it isn’t the only one. QuickBooks Online is one of the preeminent cloud-based accounting software platforms on the market. With four plans available, there are several options from which to choose, depending on your needs. In this guide, we’ll break down QuickBooks Online pricing, including plans, key features, and alternative platform costs so you can decide which option is best for you.

First, it doesn’t have full inventory management features, so if you sell products you’ll need to manually track inventory levels and costs. Also, it doesn’t handle more complex liabilities like deferred revenue or long-term debt with specific payment schedules. Check out our picks for the best accounting software for small businesses. QuickBooks Online and QuickBooks Solopreneur are the best for businesses wanting cloud-based software with mobile apps.

QuickBooks Product Comparison

The QuickBooks Online comparison chart below highlights some of the key features of the five versions. We include in-depth, side-by-side comparisons of each plan against its next-level tier in the sections that follow. QuickBooks Online and QuickBooks Desktop share the same basic functionality of organizing your accounting processes and automating much of the manual data entry work. It has faster load times and quicker ex-dividend dates and how to find them response rates, all while requiring minimal local processing power.

Which QuickBooks Online plan is right for you?

QuickBooks Desktop can feel rigid and resistant to modification or integration—the same way Apple products and iOS felt rigid back when everyone had overheating, self-cooking Android phones. Another difference between QuickBooks Enterprise vs. Online is their pricing plans. Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities.

The right QuickBooks Online plan depends on the size of your business and the features you need. For example, QuickBooks Solopreneur 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. We are committed to providing you with an unbiased, thorough, and comprehensive evaluation to help you find the right accounting software for your business. We meticulously and objectively assess each software based on a fixed set of criteria—including pricing, features, ease of use, and customer support—in our internal case study.

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. Spreadsheets can be a useful tool for historical tracking—but they have limited functionality when it comes to syncing data and automating processes, 5 key concepts for every chief operating officer making them prone to errors.

Simple Start is for single users, Essentials for up to three users, and Plus for up to five users. The Essentials plan provides all the functionality of Simple Start along with managing bills and tracking time. The Plus plan offers everything that Simple Start and Essentials do with the added ability to track inventory and profitability by the project. On the other hand, QuickBooks Pro is a desktop application that offers advanced features such as inventory management and other industry-specific tools.