QuickBooks Payments is geared towards existing QuickBooks customers, and you’ll need a QuickBooks online account to use it. If you are only interested in a payment platform, it may be worth considering another company that specializes in credit card processing as opposed to bookkeeping and tax preparation. Likewise, a non-profit can save time by using nine tailored reports ― like contribution summaries ― instead of setting those up manually. And the professional services edition lets you analyze profitability by customer, geography and other factors, helping you make informed business decisions. It also eliminates the need for other software by allowing you to track customer prepayments and create customizable proposals.
If you think you’ll need more advanced features in the future, it’s important to make sure you choose an option that can accommodate those needs. With three distinct QuickBooks Desktop options, the pricing structure can be confusing. What’s more, Intuit makes it incredibly difficult to track down prices for all the additional charges you may face. Add in a new pricing structure starting with the launch of QuickBooks Desktop 2022 products, and it only gets more complicated.
How are QuickBooks and FreshBooks different?
They helped me catch up on over a year of lackadaisical sloppy data entry. Data file optimization reduces your file size by removing audit trail of historic transactions and a few tables from the database that are not used or needed by the company file. Integrate with the apps you use today and expand your toolkit with access to more than 200 apps. Accept credit cards, debit cards, and ACH transfers with automatic syncing to Enterprise. No, it is relatively easy to use, though 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.
- As your business grows, you can upgrade to more advanced capabilities at anytime.
- QuickBooks Essentials is best for small businesses that are starting to grow and need up to three users and time tracking.
- For new and small businesses that don’t need to assign many users, the Free platform is quite robust.
- QuickBooks Capital is a working capital loan to help small business owners run their operations, whether that’s covering new hires, ordering inventory, making payroll, etc.
- If you report income on Schedule C of your personal income tax return, this cost-effective option might be best for you.
- QuickBooks Online is an incredibly comprehensive financial solution that is easy to use and navigate.
As you might expect, QuickBooks Desktop Enterprise has a very comprehensive set of accounting features. So comprehensive, in fact, that it includes all the features we look for as we evaluate accounting software. QuickBooks also allows you to automate the creation of invoices in managing your accounts receivable. Regularly occurring invoices can be established on a predictable schedule where the customer has their credit card information saved to be regularly processed.
QuickBooks Checking
Once your bookkeeper receives all the necessary documentation, they’ll typically complete your cleanup within 30 days. In some cases, your cleanup may take longer depending on timeliness of documentation and the complexity of your books. They’ll provide guidance, answer your questions, and teach you how to do tasks in QuickBooks, so you can stay on track for tax time and run your business with confidence.
QuickBooks Online Additional Fees and Features
The service doesn’t include financial advisory services, tax advice, facilitating the filing of income or sales tax returns, creating or sending 1099s, or management of payroll. QuickBooks Online offers Full Service Payroll for an additional cost. QuickBooks Payments is rated one of our top 10 best credit card processing platforms in 2024.
QuickBooks Online Fees & Extra Costs
If Quickbooks Premier can do almost everything you need it to, it might be worth the slight downgrade in terms of features. As with the Silver plan, this number can vary significantly from business to business. In addition to the base price of each package, you are able to add on options. Katherine Haan, MBA is a former financial advisor-turned-writer and business coach. For over a decade, she’s helped small business owners make money online. When she’s not trying out the latest tech or travel blogging with her family, you can find her curling up with a good novel.
QuickBooks Integrations
You must pay an additional fee for every user who wants to access the account simultaneously, whereas Online lets multiple users access the account at the same time. You’ll be able to access the account anywhere with an internet connection. Customer Support is included and available via live chat and email. QuickBooks Self-Employed is a major upgrade for those who are currently tracking in Excel, storing receipts in shoeboxes, or have no system of organizing their business finances for Schedule-C form filing. It also supports batch importing, to help a single user create, edit, and send multiple invoices, checks, expenses, or bills.
Is QuickBooks Premier Plus Right for You or Your Business?
QuickBooks Desktop Pro Plus is ideal for small businesses that need robust, locally-installed accounting software for up to three users. An upgraded plan that includes QuickBooks Enhanced Payroll is also available, or you can purchase QuickBooks Payroll as an add-on. Both plans are billed annually and include automated backup and recovery, unlimited customer support, and automatic updates. Access your account lost or misplaced your ein via the cloud for up to 25 users with the Online version, and pay an additional fee per user, up to 40 users, for cloud access with Desktop. What used to be a huge bulk of QuickBooks business is no longer so—it focuses mostly on its cloud version and actively encourages users to make the switch from Desktop to Online. This may signal future abandonment of its Desktop version as more people move to the cloud.
