QuickBooks Product Comparison Guide

If you don’t know much about accounting, you’ll probably want to shy away from QuickBooks Pro, Premier, or Enterprise, unless you’re willing to put in the time to learn. QuickBooks Online and QuickBooks Solopreneur are much easier options. However, QuickBooks Mac Plus does noticeably lack some of the features available on QuickBooks Online, including recurring invoices and live bank feeds. QuickBooks Mac Plus also has no sandp 500 industrials sector charts components prices integrations, whereas QBO has more than 750.

Add-on programs

Larger businesses will be looking at QuickBooks Premier, QuickBooks Enterprise, or the QuickBooks Online Advanced plan, depending on the number of users they need. The type of business you run has a huge influence on which QuickBooks product is right for you. If you’re a freelancer, QuickBooks Solopreneur is the obvious choice. If you’re running a small business, you’ll be comparing QuickBooks Online or QuickBooks Pro.

1. QuickBooks Enterprise has highly developed features to meet the needs of nearly any large business.
2. In some cases, your cleanup may take longer depending on timeliness of documentation and the complexity of your books.
3. When comparing it to other bookkeeping providers, such as FreshBooks and Xero, we note that all three have a 30-day free trial to test the system out.
4. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
5. Tracking inventory as you sell them, entering the details in the right expense account and calculating taxable income at the end of the financial year can be very cumbersome manually.

QuickBooks offers a suite of products that can enhance your experience and streamline omission operations. Here are our recommended product combinations within the QuickBooks ecosystem, categorized by your business size. Today’s leading accounting platforms offer standard security features such as data encryption, secure credential tokenization and more. 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. Excel is a spreadsheet program that you can use for multiple functions like creating databases, project management and, yes, accounting.

The initial Quicken software did not function as a “double-entry” accounting package. The initial release of QuickBooks was the DOS version that was based on the Quicken codebase. The Windows and Mac versions shared a different codebase that was based on In-House Accountant, which Intuit had acquired. The software was popular among small business owners who had no formal accounting training.

QuickBooks Enterprise: Best For Large Businesses

There are also available free online training resources that you can use to get up to speed quickly. This allocation is a requirement for calculating taxable income and is very cumbersome to do by hand. QuickBooks can also remind you to order inventory automatically when quantities are low. You can run basic reports, like profit and loss, balance sheets, and statements of cash flows, and more advanced reports, such as A/P and A/R aging reports and profit and loss by class.

Build your business and your knowledge

The user pays a monthly subscription fee rather than an upfront fee and accesses the software exclusively through a secure logon via a Web browser. Intuit provides patches, and regularly upgrades the software automatically, but also includes pop-up ads within the application for additional paid services. QuickBooks is the most popular accounting software suite widely used by small businesses to manage their financial transactions.

QuickBooks Desktop Pro is best for small to medium-sized businesses with three users or fewer looking for strong accounting or locally-installed software. Unfortunately, QuickBooks no longer offers this option for purchase online. To purchase QuickBooks Desktop Pro, you will need to contact QuickBooks Sales by phone. Not only does Quickbooks Solopreneur help freelancers navigate the scary waters of estimated quarterly taxes, but it also gives them basic bookkeeping tools to track income and expenses. QuickBooks Solopreneur (formerly QuickBooks Self-Employed) isn’t quite accounting software. QuickBooks Self-Employed is tax software created to help freelancers manage their finances.

Project Management

You’ll be relieved to know that QuickBooks offers flexible payment solutions. QuickBooks Online is a cloud-based subscription service that gives you access to the software from wherever you are. You can use any device that has internet connection to login to your account. These include TurboTax (for preparation of personal income tax returns) and ProConnect (tax software for accounting professionals). Both versions of QuickBooks let you send invoices—but Online is the only one that lets you send estimates.

Use the apps you know and love to keep your business running smoothly. However, automatic bill tracking does not mean you cannot do that manually. You can directly record a manual transaction easily, whether in cash or check. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. However you work, no matter what your business does, QuickBooks has a plan for you.

Three plans give your business the scalability to grow over time and add features as necessary. QuickBooks is the most popular small business accounting software suite. It comes in a variety of editions and has web-based and desktop programs. asymptomatic QuickBooks includes features that allow you to keep track of your income and expenses, pay your employees, track your inventory, and simplify your taxes.