QuickBooks Solopreneur has one plan that’s priced at $20/month. We’ll break down the pros, cons, pricing, and other details for each product to help you make the most informed purchasing decision. A notable new feature is Spreadsheet Sync, which helps you generate consolidated reports across multiple entities easily. It is an advanced feature that lets you import and export data between QuickBooks and Microsoft Excel. You can easily generate custom reports in a single spreadsheet, create complex calculations, and use Excel’s built-in tools to work on your data. Once the data is finalized in Excel, you can easily post it back to QuickBooks Online Advanced.

Free mobile apps

With four plans available, there are several options from which to choose, depending on your needs. In this guide, we’ll break down QuickBooks Online pricing, including plans, key features, and alternative platform costs so you can decide which option is best for you. QBO is best for small businesses looking for easy-to-use, cloud-based accounting software and strong mobile apps. If your business is service-based without any inventory, then Essentials should provide everything you need while saving you $34 per month compared to Plus.

If not, QuickBooks Online is much more user-friendly, even for accounting newbies. QuickBooks Enterprise is best for large businesses with up to 40 users looking for advanced accounting software. The software includes certain features Pro lacks, including business plans, inventory assemblies, and sales forecasting. However, if you don’t need extra features, the industry editions, or the extra users, QuickBooks Premier could be needlessly expensive.

When To Choose QuickBooks Desktop Pro

So you can get a decision in minutes and receive the funding in just a couple of days after getting approved. QuickBooks Payroll is an add-on for both QuickBooks Online and QuickBooks Desktop. It provides payroll services, HR features, and employee benefits. The Essentials plan is best for growing or service-based small businesses.

QuickBooks Essentials vs QuickBooks Plus

This makes it a great option for new small businesses or solopreneurs. QuickBooks Pro, Premier, Enterprise, and Mac are the best for users with existing accounting experience or who want a locally-installed option. The the stockholders equity section of the balance sheet main differences between the versions are your computer’s operating system and your business’s size.

However, there are a couple of limitations with QuickBooks Simple Start. First, it doesn’t have full inventory management features, so if you sell products you’ll need to manually track inventory levels and costs. Also, it doesn’t handle more complex liabilities like deferred revenue or long-term debt with specific payment schedules. QuickBooks Simple Start is a double-entry accounting system, which is an advantage over QuickBooks Solopreneur. If you use QuickBooks Payroll, payroll liabilities like taxes and deductions will be tracked automatically. QuickBooks Online offers four standard plans—Simple Start, Essentials, Plus, and Advanced—with prices ranging from $35 to $235 per month.

1. If you’re new to accounting software, it’s important that you have the time to commit to learning the software.
2. Learn more about the details of each additional QuickBooks fee below.
3. Ease of use gets the highest weight in this case study because we want to give more credit to easy accounting software.

App integration

QuickBooks Solopreneur’s features are designed specifically for freelancers to address needs such as estimating quarterly taxes, filing Schedule Cs, and tracking deductions. You can easily separate personal and business expenses, which is ideal for freelancers who don’t have separate business bank accounts. The downside of QuickBooks Online is that customer support is a bit lacking, and the subscription fee can be a bit expensive for smaller businesses in need of advanced features. Yes, QuickBooks Online offers a mobile app that allows you to access your account, track expenses, create and send invoices, and more, all from your smartphone or tablet.