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Do You Want Cloud-Based Or Locally-Installed Software?

They vary in the number of users and features included and are built for different purposes. 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 what is the difference between operating and non particular needs. If you are a small business or a startup, consider QuickBooks Simple Start. Businesses that provide services, rather than goods, should consider the QuickBooks Plus plan. Businesses with inventory will likely get the most benefit from QuickBooks Plus.

This ensures that their payments are tracked separately for 1099 reporting purposes. QuickBooks Simple Start is a good fit for businesses that are seeking a double-entry accounting system and for those with employees because of its integration with QuickBooks Payroll. Protect sensitive data with user-level access to specific features and share reports with up to 3 log-ins.

1. The Projects tool helps you manage different jobs and projects for your clients and track costs related to labor and materials.
2. Most small businesses will find Plus the perfect fit, but there are many reasons you may want to upgrade to Advanced, especially now that several new features have been added.
3. But you’ll still have to choose the specific packages for each one.
4. However, self-employed individuals and solo business owners should consider Solopreneur—unless you have an employee, which will require an upgrade to Simple Start.
5. This helps you identify potential problems and make adjustments once you determine that your projects are not profitable.

QuickBooks Mac Plus is set up in a similar way to QuickBooks Pro or Premier but is easy to use, much like QuickBooks Online, offering users the best of both worlds. 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. However, businesses with three or fewer users that plan to use only the standard version of QuickBooks Premier are better off saving their time (and money!) by signing up for QuickBooks Pro. Each QuickBooks product varies based on price, features, and usability. QuickBooks Online is easier to use than the desktop versions, but QuickBooks Desktop Pro, Premier, and Enterprise have stronger features and accounting.

We’ve got you covered with a breakdown of the four QuickBooks Online (QBO) plans. Learn how to know which plan is right for you and what additional costs to expect before subscribing to QuickBooks Online. Join the thousands of people like you already growing their businesses and knowledge with our team of experts. We deliver timely updates, interesting insights, and exclusive promos to your inbox.

You can have up to 3 users per account, which is enough for a small team. You can also assign employee cost rates and automatically add their time to invoices. That way, you can make payments quickly and easily, resulting in happy employees. You need to consider add-ons, integrations, and processing fees in your budget when choosing a plan.

When To Choose QuickBooks Mac Plus

QuickBooks Solopreneur (formerly QuickBooks Self-Employed) isn’t quite accounting software. QuickBooks Self-Employed is tax software created to help freelancers manage their finances. Existing QuickBooks Desktop Pro, Premier, Mac, or Enhanced Payroll users will not be impacted. Security updates and product updates will still be released for all users who purchase a QuickBooks Desktop Plus or QuickBooks Desktop Payroll subscription before the cutoff date. The best QuickBooks Online plan for you depends on the size of your business and your particular needs. If you deal with inventory or large projects heavily, Plus is the best option.

QuickBooks Desktop Pro Plus: Best For Medium Businesses

Danielle Bauter is a writer for the Accounting division of Fit Small Business. She has owned Check Yourself, a bookkeeping and payroll service that specializes in small business, for over twenty years. She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners. She also regularly writes about business for various consumer publications.

QuickBooks Online Payment Gateways

Large businesses that need access for up to 25 users will probably want to go with QuickBooks Advanced. FreshBooks is great for self-employed individuals, sole proprietors and independent contractors. It is incredibly user-friendly and easy to navigate, so if you are a sole proprietor looking for basic accounting software, FreshBooks will meet your needs at a relatively low cost. Its basic plan is in line with QuickBooks Simple Start, at $15 per month. When it seems like there is a business software application for everything, it pays to be choosy.