QuickBooks Online Review 2024: Features, Pros & Cons

QuickBooks Online Review 2024: Features, Pros & Cons

QuickBooks Online is a subscription-based product that gives you the freedom to work on the go. You can access and sync data across all your devices – computer, tablet and smartphone. Your data is securely backed up and you have instant access to the latest product and feature updates. Additionally, you can connect QuickBooks Online to over 300 apps you already use, and save even more time.

1. 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.
2. At the end of the day, the cost of QuickBooks Online depends on your business’s needs, and the cost of QuickBooks doesn’t stop at just $35/month for most businesses.
3. The Advanced Plan is the final tier for $100 per month for the first three months, then reverts to $200 per month.
4. The inventory management and job costing features are more robust in QuickBooks compared to QuickBooks Online.
5. The Plus Plan is $45 per month for the first three months, then becomes $90 per month, and adds up to five users.

Choose the QuickBooks Desktop or Online solution for you

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. This is important to note since you’ll want to make sure that it is capable of doing what you need in a manner that you understand and can digest. The Plus Plan is $45 per month for the first three months, then becomes $90 per month, and adds up to five users.

Also available from the service is a lending program called QuickBooks Capital. Those with QuickBooks Online accounts are potentially eligible, though they’ll still need to qualify on the strength of their accounting history. You can track KPIs with in-depth analysis tools, consolidate data from multiple companies into singular reports, and compare different difference between interest and dividend with comparison chart companies, clients, or franchises. You also get access to exclusive premium apps such as LeanLaw, HubSpot, DocuSign, Bill.com, Salesforce, and more.

If Quickbooks Premier can do almost everything you need it to, it might be worth the slight downgrade in terms of features. Platinum or Diamond may be the way to go if you need advanced inventory and pricing. If you need more users than you can get with QuickBooks Premier but don’t need advanced features, then maybe Gold is a better option. When purchasing QuickBooks Desktop Pro, there are several additional fees to be aware of. Intuit isn’t always very forthcoming with these add-ons and fees, so we wanted to share them.

How much does QuickBooks Self-Employed cost?

With it, users can track their billable hours, categorizing them under the correct client and employee, while automatically adding them to invoices. These hours can be added by the manager manually, though the employee in question can also be given permission to add their hours themselves. You can create an unlimited number of invoices and estimates, track your expenses and manage up to 1,099 contractors. You can bring live bank feeds into your account and access a range of third-party integrations. For those customers that choose to stay on Desktop Plus subscriptions, we’ll continue to focus on product maintenance and security.

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 how to start a bookkeeping business in 2021 use the platform so that they only use the features they need. In addition to the basic QuickBooks Enterprise features, QuickBooks Enterprise Platinum also includes advanced inventory, advanced pricing, and bill workflow approvals. You can calculate how much your QuickBooks Enterprise software will cost on the Intuit website by inputting the number of users you need.

How To Save On QuickBooks Online Costs

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. A Live Bookkeeper cannot begin cleaning up your past books until they receive the required supporting documentation, which your bookkeeper will request from you after your first meeting. 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. Intuit reports that 94% of accounting professionals feel QuickBooks Online saves them time and thus saves their clients’ money.

Those who want to take their accounting on the go will appreciate the mobile app. It brings most of the features of the online platform, plus it enables mileage tracking and receipt capture for quick and convenient recordkeeping. Whether you use QuickBooks Payments or another payment gateway, be sure to take the credit card fees into account. Integrations are third-party add-ons that give you additional features and capabilities. For example, software such as Shopify, QuickBooks Time, and Mailchimp are all integrations. QuickBooks Pro offers 244 integrations to choose from, QuickBooks Premier has 241 integrations, and QuickBooks Enterprise bookkeeping for landscaping businesses offers 247 integrations.

You can purchase QuickBooks Premier Plus or have access to built-in payroll with QuickBooks Premier Plus + Payroll. Your annual subscription to either plan includes automated data recovery and backups, unlimited customer support, and automatic updates. Larger businesses with substantial accounting teams may want to consider the QuickBooks Advanced plan. It covers up to 25 users and provides dedicated customer support and advanced reporting features. All of these small costs can add up, making your end bill higher than the predictable $35-$235/month fee. Although it has the lowest starting price, at $12 per month, it can be a little more difficult to navigate than QuickBooks or FreshBooks.