Most integrations come with additional monthly subscription fees, so be sure to account for these extra costs when calculating how much QuickBooks is going to set you back. In addition to the basic QuickBooks Enterprise features, QuickBooks Enterprise Platinum also includes advanced inventory, advanced pricing, and bill workflow approvals. Consider the QuickBooks https://www.personal-accounting.org/what-is-recoverable-depreciation-for-home/ Pro Plus + Payroll plan if your business needs built-in payroll. In addition to everything you receive in QuickBooks Pro Plus, you’ll also have access to Enhanced Payroll. Like its other plans, Intuit frequently runs discounts for this service on its website. With three distinct QuickBooks Desktop options, the pricing structure can be confusing.
Step 3: Open your company file
Users can also add a Salesforce CRM connector for $150/month and QuickBooks Time Elite for $5/employee each month. She has over 15 years of experience in print and online journalism. Before joining NerdWallet in 2020, Sally was the editorial director at Fundera, where she built and led a team focused on small-business content and specializing in business financing. We believe everyone should be able to make financial decisions with confidence. 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.
Take Enterprise for a spin
These few accounting products fell short in our ratings rubric on a number of fronts. We recommend skipping them in your exploration of the best accounting software for small businesses, unless you can live without some key features these products lack and their price tag feels worth it to you. 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.
TrulySmall Accounting: Truly lacking some important features
Data file optimization reduces your file size by removing audit trail of historic transactions and a few tables from the database that are not used or needed by the company file. No, it is relatively easy to use, although corrections can be more challenging. However, so if you work with a professional accountant, they will likely have an in-depth understanding of the platform and can guide you through its functions. If you need to track P&L separately between two locations, you need QuickBooks Online. QuickBooks Pro or any version of QuickBooks Desktop doesn’t offer location tracking.
You can monitor the progress of the tasks involved in a project and even compare your actual to planned costs and progress so that you can easily identify issues that might affect your schedule and budget. This provides project managers meaningful insights into what and how much work has been done and whether the project can be completed on time. QuickBooks Desktop Pro doesn’t fall short in terms of A/P features, but we found the A/P module difficult to use. While you can enter bills and vendor credits easily straight from the A/P register, the process can be difficult to follow for nonaccountant users. After you download and activate your QuickBooks Desktop Pro account, you can set up a new company by entering your company name, telephone number, email address, and entity type. You can also customize the chart of accounts or start with a default chart of accounts or import your existing chart of accounts.
Customer Support: Tie
Intuit isn’t always very forthcoming with these add-ons and fees, so we wanted to share them. The pricing for QuickBooks Pro and QuickBooks Premier are based on the most recently updated online pricing from Intuit. To ensure you get the most up-to-date pricing, you will need to contact the sales department for a quote. See articles customized for your product and join our large community of QuickBooks users. You can contact us to get the validation code, but assisted support for discontinued products is no longer available.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Unless you purchase the Enterprise plan, live telephone support is limited to chat. If the interface appears too crowded, you can choose to hide the vertical menu bar, expanding it only when you need access to a particular task. You can access help and support from any screen in QuickBooks Desktop, easily connecting to a variety of help and support options. Today, with QuickBooks Enterprise, small businesses can easily scale up to this very powerful edition of QuickBooks Desktop which supports up to 30 simultaneous system users.
- Each version has its pros and cons, so factor in ease of use and key features before making a final decision.
- QuickBooks Online is cheaper than QuickBooks Desktop if you need multiple users.
- Based on our subjective evaluation, QuickBooks Pro’s A/R module wasn’t as easy to use as we expected—hence the slight blow to its score.
- Robust feature set includes thorough record-keeping, comprehensive reporting, excellent invoicing and inventory management, plus a capable mobile app.
What’s more, Intuit makes it incredibly difficult to track down prices for all the additional charges you may face. Add in a new pricing structure starting with the launch of QuickBooks Desktop 2022 products, and it only gets more complicated. Subscription clients in QuickBooks Desktop 2023 (R1) or older versions will need to update to the latest 2023 (R3) version before their subscription expires. Automatically track and calculate sales tax in seconds with QuickBooks Online.
Based on the chart above, QuickBooks Desktop Pro excels in most areas of accounting, including banking, A/P and A/R, project accounting, and inventory, which we discuss in greater detail below. Offers four plans to accommodate a range of businesses with different needs; each plan limits the number of users, though. Christine Aebischer is an assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for nearly a decade. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual.
The Vendor Center lets you easily manage all vendor details, displaying a list of all active vendors, as well as the option to add a new vendor to QuickBooks Desktop. Primary and secondary contacts can be added to any vendor, and you can add notes to any vendor file if desired. If you need help with your network setup contact an IT professional. After you install, QuickBooks will ask you to activate and update it. Businesses with simple accounting needs and a smaller budget for software. Your clients’ business may be getting more complex, but your workflow shouldn’t.
Customer support includes 24/7 help from a virtual assistant (chat bot) as well as live phone and chat support during daytime hours, Monday through Saturday. Payment gateways allow you to accept payments from your customers. Common payment processing options include https://www.simple-accounting.org/ PayPal, Stripe, Square, and Authorize.Net. QuickBooks Pro offers 14 payment processing integrations, or you can use QuickBooks Payments. QuickBooks Premier and Enterprise offer significantly fewer payment gateways, so you’re basically looking at QuickBooks Payments.
QuickBooks reserves the right to change pricing, features, support and service at any time. QuickBooks Online can be accessed from any web enabled mobile device with a web browser. The experience is optimised on any iOS device (iPad, iPhone or iPod Touch) and Android tablet or Smartphone with the QuickBooks online app. When you use QuickBooks Online, your data is stored on our servers in the cloud. We know that data is one of your company’s most valuable assets, so we go to great lengths to protect it. No third-party integrations, mileage tracking feature or ability to accept in-person card payments.
Even after initial setup, the software must also let users modify information like company name, address, entity type, fiscal year-end, and other company information. If you need personalized customer support, you can upgrade to QuickBooks Online Advanced or QuickBooks Enterprise. Doing so grants you access to the Priority Circle loyalty program, including a dedicated labor burden vs. overhead expense account team, free on-demand training, and premium care from QuickBooks experts. We are driven by the Fit Small Business mission to provide you with the best answers to your small business questions—allowing you to choose the right accounting solution for your needs. Our meticulous evaluation process makes us a trustworthy source for accounting software insights.
But its nonprofit solution includes tools for managing records and scheduling events and even includes a donation portal. And because it’s a cloud-based system, you’ll be able to access your real-time accounting and other business data on the go from anywhere. If you choose to cancel your QuickBooks Online subscription, you will still have access to your QuickBooks Money account and data. Although you can track expenses, QuickBooks Simple Start doesn’t enable users to pay bills.
QuickBooks Desktop is popular with small business owners for a reason. It offers affordability, a ton of useful features, easy system navigation, and scalability. If you’re hesitant because it’s a desktop application, there are numerous hosting companies that will host QuickBooks Desktop for you, allowing you anytime/anywhere access. You can click on the yellow tab to the right of the navigation centers to see new features. You can easily connect all of your bank and credit card accounts to QuickBooks Desktop in order to easily manage and track your business expenses.