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. The software offers an impressive number of integrations and also has a few unique features you won’t find elsewhere, such as QuickBooks Live Bookkeeping service and QuickBooks Capital built-in lending. With an overall rating of 4.3/5, QuickBooks Online makes our list of the best accounting software for small businesses.

For $1,922 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. 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. QuickBooks Online is cloud-based accounting software that boasts strong reporting, customizable invoices, inventory management, multiple currencies, and 750+ integrations. All Platinum features, plus Assisted Payroll to handle federal and state payroll taxes filings for $1/employee each pay period.

Time Tracking

We’ve got you covered with a breakdown of the four QuickBooks Online (QBO) plans. Learn how to know which plan is right for you and what additional costs to expect before subscribing to QuickBooks Online. Live bookkeepers aren’t responsible for errors resulting from incorrect information that you provide, or if you re-open the books by overriding closure after a Live bookkeeper completes the month-end closure.

1. QBO also has far more integrations with other business apps and software.
2. It’s ideal for high-volume management with advanced analytics and premium support.
3. Protect sensitive data with user-level access to specific features and share reports with up to 3 log-ins.
4. Although QuickBooks Online is a great cloud-based accounting platform, it isn’t the only one.
5. QuickBooks Online offers more features on the go and is a better overall value than QuickBooks Desktop.
6. Your data is securely backed up and you have instant access to the latest product and feature updates.

Automatically sort business expenses into the right tax categories to keep more of what you earn at tax time. Automatically sort small business hiring trends end the year on a positive note transactions from connected accounts into tax categories for easy organization. Take the manual labor out of bookkeeping with synced accounts and user friendly views.

QuickBooks Online is almost always offering a discount on its website, so be sure to check for any promotions before buying. This service gives you access to a QuickBooks debit card, cash flow forecasting, and QuickBooks Envelopes, which is a place to set aside savings. Learn more about the details of each additional QuickBooks fee below. 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. You can request a callback anytime when you need a little extra help.

QuickBooks Online Vs. Desktop: What’s The Difference?

However, QuickBooks Desktop may be the better value for businesses that want a locally installed software option with enhanced accounting features. All plans (except QuickBooks Simple Start) come with an unlimited number of time-tracking-only users. If you have five employees who need to track time and only two who need access to other features in the software, you can still use the Essentials plan without upgrading to the Plus plan. Most integrations come with monthly subscription fees, so be sure to account for these extra costs when calculating your total costs for QBO. QuickBooks now offers a free small business checking account called QuickBooks Checking (formerly known as QuickBooks Cash). Opening a QuickBooks Checking account is free, with no monthly fees or account minimums.

Tax Support

Live Bookkeepers aren’t responsible for errors resulting from incorrect information that you provide, or if you re-open the books by overriding closure after a Live Bookkeeper completes the month-end closure. Use the apps you know and love to keep your business running smoothly. Cassie is a former deputy editor who collaborated with teams around the world while living in the beautiful hills of Kentucky. Prior to joining the team at Forbes Advisor, Cassie was a content operations manager and copywriting manager.

It is incredibly user-friendly and easy to navigate, so if you are a sole proprietor looking for basic accounting software, FreshBooks will meet your needs at a relatively low cost. Its basic plan is in line with QuickBooks Simple Start, at $15 per month. Although you can track expenses, QuickBooks Simple Start doesn’t enable users to pay bills. QuickBooks Desktop is an annual subscription, starting at $549.99 per year, which may be cost-prohibitive for small businesses or cash-strapped startups.