If your business is service-based without any inventory, then Essentials should provide everything you need while saving you $34 per month compared to Plus. If you’re scaling from five to 25 users and need advanced features like fixed asset accounting, then go with Advanced. QuickBooks Solopreneur works very well for one-person businesses, especially those with a limited client base and minimal expenses and income streams. The tier provides features such as invoicing, expense tracking, and mileage what’s the difference between direct vs. indirect costs tracking that can help users effectively manage business finances.

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work for your business

1. QuickBooks Solopreneur works very well for one-person businesses, especially those with a limited client base and minimal expenses and income streams.
2. They vary in the number of users and features included and are built for different purposes.
3. If you run businesses in multiple locations and want to see which one is most profitable, an upgrade to Plus from Essentials is worth the price.
4. If you make the switch from Desktop to Online, you can import your data and access your original company file at any time.

We excluded QuickBooks Solopreneur because it’s not a double-entry accounting system. You can also integrate QuickBooks Online with Zapier, which lets you connect QuickBooks to thousands of other apps in your business’s tech stack. You can do things like automatically add customers to or create receipts in how much above appraisal should i list my house QuickBooks when payments happen in other apps, or track new QuickBooks invoices or payments in another app. Here are a few pre-made workflows to show you what’s possible, but you can use Zapier to connect QuickBooks to almost any app you use. If your accounting software doesn’t register changes in real time, it could lead to costly delays. While the two iterations are different in some aspects, they’re essentially the same product, and the differences between them aren’t as glaring as they are with other accounting software solutions.

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. When signing up for QuickBooks Online, it only gives options for paying monthly. However, once you’ve signed up, navigate to your account settings, and you can switch to annual billing to save 10%. All Online plans include receipt capture, QuickBooks support and more than 650 app integrations with apps such as PayPal, Square and Shopify. QuickBooks Online Accountant (QBOA) is a cloud-based accounting software designed specifically for accounting professionals.

Improve your productivity automatically. Use Zapier to get your apps working together.

While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. No, it is relatively easy to use, although corrections can be more challenging. 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. Even after initial setup, the software must also let users modify information like company name, address, entity type, fiscal year-end, and other company information.

What is QuickBooks Online Advanced?

Each QuickBooks product varies based on price, features, and usability. QuickBooks Online is easier to use than the desktop versions, but perpetual inventory system vs periodic inventory system QuickBooks Desktop Pro, Premier, and Enterprise have stronger features and accounting. This QuickBooks comparison explains the differences between each version. QuickBooks Enterprise is best for large businesses with up to 40 users looking for advanced accounting software.

QuickBooks Online Pricing

By providing feedback on how we can improve, you can earn gift cards and get early access to new features. Let us know how well the content on this page solved your problem today. All feedback, positive or negative, helps us to improve the way we help small businesses. If a specific version of QuickBooks stood out to you, we recommend taking the software for a test run to make sure you love using it.

Merchant Maverick’s ratings are not influenced by affiliate partnerships. QuickBooks Premier is suitable for small to medium businesses with five or fewer users. On the other hand, QuickBooks Enterprise is designed for larger businesses that want access to more users and more features without fully upgrading to ERP software. QuickBooks Premier is best for small to medium business with five users or fewer that need strong accounting and industry-specific accounting features.

That said, it can feel overwhelming and confusing if you don’t have prior accounting knowledge. QuickBooks Online is optimized to be as user-friendly as possible and very easy to navigate. The side menu categorizes features for easy access, for example, aggregating sections for employees, their taxes, and compliance details under the Payroll category. 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.