Intuit QuickBooks Unveils New Product Innovations at QuickBooks Connect that Help Accountants Drive Small Business Growth

QuickBooks Online syncs with more than 750 different third-party business apps, ranging from point-of-sale apps to payment acceptance tools and beyond. Naturally, QuickBooks Online syncs with other QuickBooks products as well, including QuickBooks Time (formerly TimeTrex), TurboTax and QuickBooks Online Payroll. QuickBooks Online also syncs with a variety of payroll tools, including the accountant-friendly QuickBooks Online Payroll. While QuickBooks Online users don’t get a discount when signing up for QuickBooks Payroll, the two software products integrate seamlessly with one another and are equally easy to use. QuickBooks Online Plus adds essential business tools like inventory tracking and project management.

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. Another notable difference is QuickBooks Online offers a Self-Employed version for $15 per month, which is not available with QuickBooks Desktop. Hopefully, knowing the exact costs of QuickBooks Online will ease your mind and help you create a more realistic business budget. If you want to learn more about QuickBooks, read our complete QuickBooks Online review or get started with a free trial. Intuit typically offers deals where new users can get a discount on QuickBooks Payroll by bundling it with a QuickBooks Online subscription.

Afterward, continue reading our article for a more detailed comparison of the five QuickBooks Online versions. In addition to the basic QuickBooks Enterprise features, QuickBooks Enterprise Platinum also includes advanced inventory, advanced pricing, and bill workflow approvals. Although QuickBooks Online is a great cloud-based accounting platform, it isn’t the only one. If you’re a small business looking for accounting software, you might want the Simple Start Plan, which allows you to create and manage invoices, estimates, bills, and sales taxes.

Read our detailed QuickBooks Live Bookkeeping review to learn more about this assisted bookkeeping add-on. If your monthly average is $50,001 or more, the monthly price for QuickBooks Live is $400. If your monthly average is $10,001-50,000, the monthly price for QuickBooks Live is $300.

QuickBooks Online vs QuickBooks Desktop

Additionally, you have the option to select the customers who will get the new price level. You can select all customers, but if you only want specific customers to have access to the new price level, it must be specified. PT Monday through Friday; expert support plans available for $79 per month. While QuickBooks Online is very popular among business owners, some have problems with the system. Problems stem from the complexity of making simple fixes, such as miscategorizations or duplicate entries.

• QuickBooks Advanced has many bells and whistles compared to Plus, but there are no additional features that are crucial to good bookkeeping.
• There is a free plan that charges $3 for automated clearing house (ACH) bank transfers and anywhere from 2.4% to 3.5% plus 30 cents for credit card transactions.
• Though cloud-based accounting software is becoming more popular, the POS system only integrates directly with QuickBooks Desktop, not QuickBooks Online.
• QuickBooks Online users can get access to QuickBooks’ lending service — QuickBooks Capital.
• Before getting started, it’s important to note that the QuickBooks price levels function is available in the QuickBooks Online Plus and Advanced plans only.

QuickBooks Enterprise has significantly fewer additional fees than QuickBooks Pro and Premier since many features are included with your annual subscription. Preferential rates offered to new QuickBooks Payments customers only as long as they maintain an active QuickBooks Enterprise Solutions Full Service Plan (FSP). If FSP account becomes inactive rates will be switched to the then current pay-as-you-go plan rates (currently 2.4% swiped/3.5% keyed). Ability to accept credit card and ACH through Intuit Payment Network may require separate application. Small businesses that are growing may want to use QuickBooks Essentials.

How To Save On QuickBooks Online Costs

This can be a serious deal-breaker for small businesses, especially when companies such as Square and Toast offer free POS software. Intuit reports that 94% of accounting professionals feel QuickBooks Online saves them time and thus saves their clients’ money. Another cumbersome feature that users don’t like is the requirement that clients must establish their own accounts to pay an invoice. Other popular merchant processors don’t require this, making collecting payments more difficult. 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. If you aren’t sure about the product, you can give it a 30-day test run with 100% capabilities of the Simple Start Plan to see if it meets your needs.

Each of these versions gives you access to specialized features and reports at no additional cost. You can calculate how much your QuickBooks Enterprise software will cost on the Intuit website by inputting the number of users you need. (To give you an idea of how much this price fluctuates, one user on the Silver plan would cost $1,340/year, while 30 users would cost upwards of $7,076/year). Luckily, Intuit is often running promotions and discounts on the Intuit website. That’s why we’ve created this complete guide to QuickBooks Desktop pricing.

If the three-month deal is applied, this price is dropped to $45 per month. As with Essentials, Plus prices have risen by $5 a month since earlier in 2023, when it cost $85 per month. The Essentials plan costs $60 per month, supports three users, and brings a range of accounts payable functions to small businesses compared to the Simple Start plan. If you take part in the deal and skip the free plan, the first three months will only cost you $30 per month.

Nonetheless, Plus has an advanced job costing capability, which is helpful for construction and contracting firms. If comparing estimated costs to actual job costs is critical to your business, check out Xero. Plus allows you to assign classes and locations to your transactions, so you can see how your business performs across divisions, locations, rep areas, or any units that are relevant to your business. If you run businesses in multiple locations and you want to see which one is most profitable, an upgrade to Plus from Essentials is worth the price. If you want a dedicated expert to handle your ongoing bookkeeping work, you can sign up for QuickBooks Live Bookkeeping, available in Simple Start and all higher plans.

QuickBooks Premier Plus

QuickBooks Online is one of the company’s most popular accounting software choices for small-business owners. QuickBooks Online pricing is based on a monthly subscription model, and each plan includes a specific number of users. First-time QuickBooks Online users can typically receive a free 30-day trial or a discount for the first few months of service.

How Much Is QuickBooks Online?

These hours can be added by the manager manually, though the employee in question can also be given permission to add their hours themselves. QuickBooks Online pricing offers five main plans, plus a host of add-ons for an extra monthly charge. If you are looking for cloud-based, real-time accounting you can access from any computer, you’d be better off with another solution, such as QuickBooks Online. You can also check out our top QuickBooks alternatives to see what other services stack up to this industry powerhouse. Live customer support is available for extended weekday hours, and all plans include a single customer representative dedicated to your account. If QuickBooks pricing is out of your budget or if the complexity of its plans and pricing structures has your head spinning, here are a few alternative accounting software solutions to consider.

QuickBooks Desktop vs. Online: At a Glance

This could be a plus for some businesses hesitant to move to a cloud-based system, but it also comes with its limitations. Though cloud-based accounting software is becoming more popular, the POS system only integrates directly with QuickBooks Desktop, not QuickBooks Online. QuickBooks markets its POS system to small retail businesses, clothing total manufacturing cost stores, jewelry stores, sporting goods or bike shops, furniture stores and home improvement-related businesses. Because it charges extra monthly fees for its e-commerce integration, shops that do most of their business online should explore alternatives. NerdWallet’s roundup of POS systems for small business lays out some of the best options.

QuickBooks Online is a good option for many small businesses that are looking to make invoicing customers easy and integrate invoicing and payments into the general ledger. Small businesses can customize how they use the platform so that they only use the features they need. For $1,410 per year, get the Enterprise plan with advanced pricing, reporting and inventory. The higher your plan tier, the more reports and users you can add, although it’s important to understand concurrent users are each sold separately. The two versions are independent of each other, which means the data you enter on Desktop doesn’t sync to the Online version and vice-versa.

A popular add-on is the payroll feature where you can run payroll and access benefits in one convenient place. It does cost more to access this, which is approximately $22.50 more per month plus $5 per employee, per month. Computing taxes and using the correct forms are part of the plan. When subscribing to this service, you’ll get a 1099 e-file of forms and a next-day direct deposit.