QuickBooks for Small Business: Which Version Do You Need?

Plus, you’ll find details on how QuickBooks stacks up against its competitors, as well as alternatives to consider. QuickBooks allows you to keep track of financial functions like income and expenses, employee expenses and inventory in real time and fulfill tax obligations hassle-free. When you are free of financial worries, you can focus on driving business growth and revenue. QuickBooks Online is available both as a desktop application and an online SaaS (software as a service) model.

QuickBooks Desktop Enterprise

Invoicing is one of the most crucial functions for many businesses, especially those that provide services or rely on freelancers. QuickBooks makes it easy to create invoices either from scratch or from an earlier estimate. All these apps integrate seamlessly with bookkeeping for franchises each other and QuickBooks accounting software, thus building a well-rounded accounting and payments ecosystem for your small and mid-sized business. You have the flexibility to set up recurring payments that charge daily, weekly, monthly, or annually.

1. QuickBooks Online is a leader in the accounting industry with it being the bookkeeping software of choice for many accountants, certified public accountants (CPAs) and bookkeepers.
2. QuickBooks users can create customizable invoices, estimates and quotes from both the mobile app and browser interface.
3. QuickBooks Online made it to our Best Accounting Software for Small Business list because it is a comprehensive platform that checks all the boxes for accounting, invoicing and expense tracking.
4. This plan also gives you a dedicated account team to help with training, troubleshooting and setup.

Clarify complexity with efficient inventory management and integrated payroll and time tracking. Plus, with access for up to 40 users, Enterprise can scale with your business as it grows. Additionally, Premier Plus includes industry-specific features for manufacturers, wholesalers, nonprofits and retailers. If you don’t need accounting just yet, our new money solution offers banking, payments, and 5.00% APY—all with no subscription or starting fees. You have easy access to all the common financial statements checklist for starting a business like balance sheet, profit and loss (P&L) statement, cash flow statements and taxes filed. You can take a printout of these statements for your accountant and send it across to them at the time of filing or invite them to view these statements without needing a login ID or password.

Inventory

You can even photograph and save receipts with the QuickBooks Online mobile app. Manage all your company spending and finances with Rippling Spend. Consolidate, automate, and control company expenses, bills, and corporate cards in one place. Rippling Spend removes the need for multiple systems, automates manual reconciliation, and provides control over company spend. Simplify closing the books and gain clear visibility over all expenditures.

Top 50 Accounting & Finance Product

An expert can guide you through QBO setup and answer questions based on the information you provide; some bookkeeping services may not be included and determined by the expert. For more information about Expert Assisted, refer to the QuickBooks Terms of Service. Simply put, the best accounting software is one that suits your unique needs. We offer flexible accounting plans to fit businesses small and large, across all industries, with integrations like payroll, time-tracking, and payments to help you grow efficiently when you’re ready. The payroll add-on calculates payroll automatically as often as you want. Three plans give your business the scalability to grow over time and add features as necessary.

Get set for tax time with all your expenses organised in one place. Topical articles and news from top pros and Intuit product experts. It’s now even simpler to find specific transaction data with a new, modern interface that makes it easy to carry out advanced searches. In QuickBooks Online Payroll, direct deposit info is now easier to manage.

All your data is in one place so you’ll always have access to the latest data even with multiple collaborators like your bookkeeper or your accountant. Learn to create meaningful reports and assess your business’s financial health using revenue, expenses, profits, and cash flow. All of your bank and credit card transactions automatically sync to QuickBooks to help you seamlessly track income and expenses. One of the most straightforward accounting software notes payable definition I have used. There are apps that integrate with it, you can log in on your phone, and the data is easily accessible to both the client and the accounting team. You can easily scan and upload receipts in real-time using the QuickBooks mobile app, so you don’t need to run helter-skelter to collect them at the time of taxes.

Power your business, not just your books, with Intuit Enterprise Suite

In addition to these enhanced filters, you can now resize, customize, hide, and sort table columns in the improved advanced search to find the data you need. You can also change the height of rows and alternate row colors to personalize your search experience. Each of your employees paid with direct deposit can now edit their own direct deposit info in QuickBooks Workforce rather than having to ask you or the HR department to do it for them. Advanced Inventory is included in the Platinum and Diamond subscriptions only. Advanced Reporting is included in all QuickBooks Desktop Enterprise subscriptions. Small businesses that prefer locally installed software and work from a Mac.

Multiview Financials’ ERP provides a single point of truth within your organization, enabling visibility across divisional, regional, or product line silos. It goes beyond traditional finance and accounting to add the sophisticated capabilities that today’s complex organizations demand. QuickBooks Payroll starts at $45 a month plus $6 per employee paid per month, and new users can choose between a 30-day free trial or 50% off discount just as they can with QuickBooks Online. QuickBooks Online Simple Start is geared toward solopreneurs, sole proprietors, freelancers and other micro- and small-business owners. Its basic features include invoicing, online payment acceptance, 1099 contractor management and automatic sales channel syncing (for e-commerce business owners). To access recurring payments, you must be a U.S.-based QuickBooks Payments merchant.

Via QuickBooks Payments, which is included free (apart from industry-standard transaction fees) with each plan, users can also configure invoices to accept online bank transfers and credit card payments. Intuit QuickBooks Online has four plans that can accommodate small, midsize and large businesses. New users can choose between a 30-day free trial or a three-month 50% discount.