From pros and cons to hidden fees and add-ons, we’ll explain everything you need to know about this top-rated accounting software and its pricing. Previously, QuickBooks users also had the option to purchase a one-time license. While users didn’t have to pay an annual subscription fee, features such as unlimited customer support and automated data backup and recovery cost an additional fee. Additionally, support for QuickBooks licenses ended after three years, so users could no longer use features such as payroll or get the latest updates and security patches. Consider the QuickBooks Pro Plus + Payroll plan if your business needs built-in payroll.

QuickBooks Online offers several plans, all of which are designed mainly for small businesses. So you can get a 5 things only tiny house living can teach you decision in minutes and receive the funding in just a couple of days after getting approved. You can order QuickBooks-compatible checks from Intuit at an additional cost.

QuickBooks Online vs QuickBooks Desktop

If you have five employees who need to track time and only two who need access to other features in the software, you can still use the Essentials plan without upgrading to the Plus plan. QuickBooks now offers a free small business checking account called QuickBooks Checking (formerly known as QuickBooks Cash). Opening a QuickBooks Checking account is free, with no monthly fees or account minimums. The QuickBooks Online Advanced plan is designed for larger businesses. QuickBooks Online Advanced costs $235/month and supports nonprofit board president responsibilities up to 25 users.

If they use their smartphones, the app can alert them if they ever forget to clock in or out of the office. That way, you’re updated on the wage and overtime laws for your business. You’ll also get free online training with this plan, which can benefit you and your employees. If you’re a growing company, tracking employees’ billable hours will also help because you can compare budgeted and actual working hours. It can make your workflow more efficient by better organizing your financial documents. This can be helpful when you’re applying for small business loans.

The custom price varies depending on the size of your business but should be somewhere between $200 and $600 per month. Simply put, if you need a rock-solid, feature-packed accounting solution at a fair price, QuickBooks is the best. But other accounting tools come with slightly different strengths. Finally, you can start creating budgets and cash flow projections based on your client and supplier information. As with the Silver plan, this number can vary significantly from business to business. If you want cloud hosting, QuickBooks Enterprise also has each of its plans available with cloud access.

QuickBooks Online Advanced plan

QuickBooks Pro offers 244 integrations to choose from, QuickBooks Premier has 241 integrations, and QuickBooks Enterprise offers 247 integrations. Platinum or Diamond may be the way to go if you need advanced inventory and pricing. If you need more users than you can get with QuickBooks Premier but don’t need advanced features, then maybe Gold is a better option. One of the biggest differences between QuickBooks Pro and QuickBooks Premier is that Quickbooks Premier offers six industry-specific versions of the software in addition to the standard version. These industry editions add customized features and reports to fit your business needs better. QuickBooks pricing is based on your defining take-home pay plan, the number of users, add-ons, and other factors.

QuickBooks Setup Fee

Ultimately, choosing the right QuickBooks version for your business strengthens your financial management processes and sharpens your performance. If your business operates in a specialized industry and needs software to fit specific workflows, Enterprise is the way to go. Plus, the platform has automatic backups and seamless product updates, so you’re always using the latest version.

1. If you’re a growing company, tracking employees’ billable hours will also help because you can compare budgeted and actual working hours.
2. But with the right accounting or invoicing software for small businesses, filing tax information can be a simple and streamlined process.
3. 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.
4. Let us know how well the content on this page solved your problem today.

Who Is QuickBooks Online Best For?

The QuickBooks Online Essentials plan costs $65/month and includes three users and more features. QuickBooks Online can end up costing you more than you planned. That’s why it’s best to know the ins and outs of its pricing, including the cost of processing fees, add-ons, and integrations.