QuickBooks Online outperforms FreshBooks in many other areas, including advanced features and reporting. QBO has everything you’d expect from accounting or bookkeeping software, including expense tracking, bank reconciliation, journal entries, class tracking, and more. You can create invoices, estimates, purchase orders, and sales receipts. Additionally, there are numerous time-saving automations, such as recurring invoices and auto-scheduling. QuickBooks users can also easily apply for funding through the built-in lending platform QuickBooks Capital. If you want to outsource your bookkeeping tasks, such as categorizing transactions, reconciling accounts, reviewing your financials, and closing the books, you can pay for QuickBooks Live Bookkeeping.

This software is best suited for freelancers, allowing them to track income and expenses, track mileage, estimate quarterly taxes, and run basic reports. When it seems like there is a business software application for everything, it pays to be choosy. Common payment processing options include PayPal, Stripe, Square, and Authorize.Net. QuickBooks Online offers around 25 payment processors, or you can use QuickBooks Payments. QuickBooks Online users can get access to QuickBooks’ lending service — QuickBooks Capital.

While QuickBooks Online is a reputable company with plenty of features, there are plenty of alternatives to QuickBooks for payroll support that you can find for cheaper. You can also create a price rule by navigating to the Products and Services list and then selecting the drop-down arrow next to the “More” tab. Alternatively, QuickBooks price levels can also be accessed from the “edit item record” function. Once you have successfully turned on the QuickBooks price levels setting, you’re ready to create a price rule. This QuickBooks price levels guide offers step-by-step instructions for how to turn on QuickBooks Online price levels, plus how to create a price level. QuickBooks Self-Employed may be suitable for freelancers but falls short for professional bookkeepers due to its limitations in financial reporting and co-mingling of accounts.

We don’t have a magic lamp for you, but if you’re wondering, how much does QuickBooks Online cost? Read on for a breakdown of the four different QuickBooks Online (QBO) plans. We will discuss how to find out which plan is right for you and what additional costs you can expect, so you know exactly what you are doing before you decide to buy QuickBooks Online.

QuickBooks Pro Plus VS QuickBooks Premier Plus

This service matches you with a personal Certified QuickBooks Advisor and accounting expert, and you can schedule a video chat from within QBO. Prices range from $200 to $600 per month and are based on the dollar amount of your monthly expenses. As a QuickBooks ProAdvisor, Mark has extensive knowledge of QuickBooks products, allowing him to create valuable content that educates businesses on maximizing the benefits of the software. The right QuickBooks Online plan depends on the size of your business and the features you need.

• Read on for a breakdown of the four different QuickBooks Online (QBO) plans.
• The $40/month plan gives additional tax support with unlimited help and advice year-round from CPAs and a final review of your tax return by a CPA.
• However, Xero has a few advantages because it supports unlimited users at no additional cost, making it a solid choice for larger businesses.
• QuickBooks Online Plus is not a good fit for businesses with more than 250 active accounts, more than 40 classes and locations, and the need to manage more than five users.
• Along with a point of sale platform and payment processing, Square also offers a payroll service.
• QuickBooks Online Plus helps you manage and view all parts of your business, all in one place.

Apps.com showcases a variety of tools that work with QuickBooks Online. If you’d like additional help, there are tutorials available on a wide range of accounting terms, skills and how-tos in our QuickBooks Tutorials section. Protect sensitive data with user-level access to specific features and share reports with up to 5 log-ins. Accept credit cards and payments anywhere and we’ll automatically calculate sales tax for you. While Intuit is definitely pushing customers to choose QuickBooks Online, there is no evidence that QuickBooks Desktop is going away any time soon.

The 6 Different QuickBooks Versions

The primary difference between QuickBooks Desktop and QuickBooks Online is that Desktop is locally installed software, while QBO is cloud-based software that doesn’t require any downloads. Other differences include pricing, learning curve features, and number of integrations. QuickBooks Desktop also has a steep learning curve, while QBO is easier to use. QuickBooks Online, specifically, receives 4.3/5 stars on GetApp and 4/5 stars on G2 Crowd.

So, is QBO worth the cost?

However, there are a serious of other changes which are worth considering. For instance, with QuickBooks Online, your security is handled by QuickBooks. However, as QuickBooks Desktop is locally installed, you’ll be responsible for your own data security.

QuickBooks Plus vs QuickBooks Advanced

Some of the other 20-plus built-in standard reports available include P&L by month and customer, quarterly P&L summaries, and general ledger. Some of Xero’s plans cost less than QuickBooks’ plans, but most do not. Xero’s plans cost $13, $37, and $70 per month, compared to the QuickBooks $20, $30, and $60 per month plans. The QuickBooks software offers dropdown menus for easy access to its many tools.

In other words, you can’t run a report specifically on sales affected by QuickBooks price levels. When working with QuickBooks Online Plus or Advanced, you have the option to create price levels. Freshbooks is an up-and-coming contender but lacks basic financial reporting capabilities, as outlined in my detailed review of the best bookkeeping software for 2023.

A pricing rule cannot include bundles because a bundle is simply a collection of things. But if you add the components in a bundle to a pricing rule and then add the bundle to an invoice, it will display the price that the price rule suggests. There are additional add-ons, such as health benefits, 401(k) plans, and college savings plans, that you can sign up for as well. Once customers are assigned to different customer types, you can designate QuickBooks price levels to be applied to certain customer types only. This way, the customers who you want to receive the altered price will automatically be eligible, while those not in the specified customer type won’t be aware of any price changes.

QuickBooks Desktop pricing is based on an annual subscription model. Unlike QuickBooks Online plans, which each come with a set number of users, QuickBooks Desktop Premier Plus comes with one user license. QuickBooks Desktop Premier Plus includes a full list of basic bookkeeping tools and features. Plans for up to five users are available and payroll can be added for an extra $500/year, plus $5/employee each month.