Multiple users can be signed in at the same time without any complicated network setup or expensive hosting service. These versions give business owners more features and reports geared toward their industry. In contrast, QuickBooks Desktop tends to have a steeper learning curve, offers fewer integrations, and has had its previous versions discontinued by double entry system of accounting QuickBooks. QuickBooks Pro and Premiere will also discontinue sales to new users on July 31, 2024. QuickBooks Solopreneur (formerly known as QuickBooks Self-Employed) costs $20/month or $120 for the first year.

1. And while Desktop has a respectable number of integrations when compared to other accounting software, it falls far short of what QBO offers its users.
2. You’ll be able to access your account anywhere with an internet connection.
3. If these needs apply to your business, consider a different subscription level.
4. Show detailed sales, accounts receivable, and accounts payable reports to make better decisions.
5. QBO’s integrations cover more business needs and include multiple payment gateway options.

QuickBooks Online Plus gives you the functionality of Simple Start and Essentials with the added ability to track inventory and track profitability by project. QuickBooks Online Plus is ideal for businesses that sell both products and services. You can also connect with your accountant, making it easier at tax time.

QuickBooks Plans and Pricing

Both QuickBooks Online and QuickBooks Pro and Premier have notoriously poor customer support (QuickBooks Enterprise support has better priority support). While QuickBooks Online and QuickBooks Desktop offer contact management, only QuickBooks Desktop allows you to manage and track leads as well as contacts. Even though QB Desktop has more comprehensive features in general, there are some key features that only QuickBooks Online has, such as bookkeeping support. We recommend crunching the numbers to decide whether the online or desktop versions of QuickBooks are right for your specific business.

How To Save On QuickBooks Online Costs

The mobile apps rank highly with Android users (3.9/5 stars) and iOS users (4.7/5 stars). QBO has everything you’d expect from accounting or bookkeeping software, including expense tracking, bank reconciliation, journal entries, class tracking, and more. You can create invoices, estimates, purchase orders, and sales receipts. QuickBooks Online is cloud-based accounting software that has the complex accounting capabilities small business owners need. 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.

QuickBooks Online VS FreshBooks

Although it has the lowest starting price, at $12 per month, it can be a little more difficult to navigate than QuickBooks or FreshBooks. 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. For Xero’s Early plan ($13), the number of invoices that users can send each month is capped at 20, but for all other Xero plans, users can send unlimited invoices. Larger businesses with substantial accounting teams what you need to know about the 4 types of income may want to consider the QuickBooks Advanced plan.

Yes, you can upgrade to another plan from any version of QuickBooks Online. Topical articles and news from top pros and Intuit product experts. Click here for the latest QuickBooks Online pricing, promotions, and subscription information.

How much do QuickBooks plans cost?

If you want better customer support or potentially lower pricing, Xero or FreshBooks may be a better fit. Take a look at our comparisons to see how each program stacks up against the others. One major drawback of QuickBooks Online is that there is no email support. However, QuickBooks Online offers phone support from 6 AM to 6 PM PST, Monday through Friday; Saturday hours are 6 AM to 3 PM PST. QuickBooks Online has 750+ integrations, including 25 different payment processing options (such as QuickBooks Payments). Add in mobility, an easy-to-use UI, and extras, such as QuickBooks Capital lending and the QuickBooks Live Bookkeeping add-on, and it’s easy to see why this software is a top choice among what is a fixed asset in accounting with examples small business owners.

Although Intuit has talked about adding sales orders to QuickBooks Online, this feature is only available with QuickBooks Desktop products at this time. Both include the basic reports you’d expect to find with accounting software, such as a balance sheet, a Profit & Loss report, a cash flow statement, etc. QuickBooks Online offers over 80 reports depending on your plan, whereas QuickBooks Desktop Pro has over 130 reports. QuickBooks Desktop Premier and Quickbooks Desktop Enterprise have even more reports (especially if you opt for the industry-specific versions of these programs). While QuickBooks Online boasts many of the features you’ll find with Desktop, some of its features, such as inventory management, aren’t quite as advanced. Additionally, you won’t find the industry-specific features and reports that you’ll get if you sign up for Desktop.

QuickBooks Capital offers term loans up to $200,000 and an invoice financing option that provides up to $50,000 to eligible QBO users. The QuickBooks Online Simple plan costs $35/month and supports one user. If you’re a freelancer, stick with its Self-Employed plan, which is $15 per month 9after the three-month discount at $7.50). Features include mileage tracking, basic reporting, income and expense tracking, capture and organize receipts and estimation of quarterly taxes. Overall, QuickBooks Online has a lot to offer in terms of features, accounting, and usability. Take the software for a spin to see if QuickBooks Online is right for your small business.