Top 10 Reasons to Choose QuickBooks Online for Small Businesses

QuickBooks Desktop plans also cost an annual fee per user, and most plans only allow for up to five users. QuickBooks Online plans also allow for up to 25 users, which is more than most desktop plans allow. You can add QuickBooks Payroll to your existing QuickBooks Online plan. Pricing starts at $37.50 a month plus an additional $5 per paid employee per month.

The menus are clear, the reports are simple, and the tools are easy tonavigate. QuickBooks Online gives you live dashboards and reports that are easy tounderstand. These reports update in real time, so you’re never working with oldnumbers. That means you canaccess your business financials from anywhere using your laptop, tablet, orsmartphone. Whether you’re at home, in the office, or traveling for work,you’ll always be connected to your numbers. The reporting features in Wave are more limited than those in paid options like QuickBooks.

Get paid fast, with less back-and-forth

When it comes to small business accounting solutions, QuickBooks stands apart as the clear market leader in the industry. It is a widely used brand that caters to small business owners who aren’t accountants or bookkeepers; QuickBooks provides straightforward accounting tools that meet their needs. As a business, we need to generate revenue to sustain our content. We have financial relationships with some companies we cover, earning commissions when readers purchase from our partners or share information about their needs.

• With real-time data and reports, you and your clients can quickly see how much they’re earning, and where to invest their time.
• Set up automated recurring invoices for customers you bill regularly.
• The software is very easy to use, even for people who do not have an accounting background.
• They’ll happen automatically, so you’ll always be working with the most current version.
• Additional inventory planning capabilities such as assemblies and serial numbers.

As of 2023, you can still purchase QuickBooks Pro Plus, but only if you reach out directly to QuickBooks’ sales team. If you contact the sales team, they’ll most likely try to sell you on QuickBooks Online rather than a desktop Pro subscription. All QuickBooks plans—even plans limited to one user—include free accountant access. I appreciate how it tracks clients/customers, tracks payments, and keeps running calculations of what is due and when.

QuickBooks Desktop Enterprise

This also makes it easy to compare your projections against previous actuals — another major reporting win. Small businesses need cost-effective accounting software that’s easy to use but still gets the job done. Widely regarded as the top accounting software for small businesses, QuickBooks offers it all. With affordable pricing and various plans that suit businesses of different sizes, QuickBooks has elite features in packages that fit a variety of companies.

Each version of QuickBooks includes a 30-day free trial, unless you opt in to the half-priced first three months. QuickBooks Enterprise offers around 200+ industry-specific reports to Premier’s 150+ financial reports. It also includes more advanced customizations and inventory management features. And with up to 40 users, it works best for big businesses that emphasize financial collaboration and can shoulder the higher cost of an enterprise-level solution.

Tax Deductions

Good accounting software helps track income, expenses, and taxes without the headache. The right accounting software for your small business can save time, reduce errors, and give you clear insights about your financial health. Once you set up your account or free trial, connecting your bank account to QuickBooks takes only a few minutes. If you need implementation help, you can purchase a one-time session with a bookkeeper.

Choose a plan to suit your business

This simple step significantly improves security for your financial information. Free software usually offers cloud storage, meaning you can access your data from anywhere. This flexibility is valuable for growing businesses with changing needs. Wave Accounting is a popular free option that offers solid features without upfront costs. They make money through payment processing fees instead of software charges.

• Luckily,QuickBooks Online uses bank-level encryption to keep your data safe.
• Its invoicing features are more robust than those of many competitors we reviewed.
• There is no need to download QuickBooks Online because it is connected to the cloud, which means you can access it from any device with an internet connection.
• For Xero’s Early plan ($13), the number of invoices that users can send each month is capped at 20, but for all other Xero plans, users can send unlimited invoices.
• You can also set user permissions to control the access of employees you invite to the system.
• Users can create invoices, track expenses, and manage time all without spending a dime.

Support hours exclude occasional downtime due to system and server maintenance, company events, observed U.S. holidays and events beyond our control. Intuit reserves the right to change these hours without notice. Terms, conditions, pricing, service, support options, and support team members are subject to change without notice. Small business accounting software is a tool that helps business owners understand how money flows in and out of their business and allows them to make smarter financial decisions.

How to choose the right QuickBooks accounting product

This appeals to businesses that want both local control and remote access. The risk of human error decreases dramatically with automated calculations and data entry validation. This accuracy is crucial for tax compliance and financial planning. When numbers are reliable, businesses can spot trends and address issues before they become problems. The mobile app lets business owners manage their finances on the go. They can snap photos of receipts and upload them directly to the system.

Whether you’re a freelancer, a boutique owner, or a growingagency, QuickBooks Online has a plan that fits your needs. And as your businessgrows, you can upgrade to unlock more features. Peace of mind comes standard when your accounting is storedsecurely in the cloud.

Customizable reports show how business is doing, and where to improve. With QuickBooks Online, you have the option to send, track and file 1099 forms for independent contractors. In fact, we found QuickBooks’ workflow for preparing 1099 forms to be exceptionally straightforward, with only three steps. Tax deduction tools help ensure you take all available deductions and maximize the allowed amount to reduce your tax liability. Run and grow your business, make confident decisions, and work like you have a larger team behind you—all with QuickBooks.

Many accountants recommend QuickBooks specifically, making it easier to work with financial professionals. This reduces manual data entry and keeps financial records current with minimal effort. You can get started right away and begin organizing your business finances without lengthy training.

At Business.org, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services. With plans starting at $15 a month, FreshBooks is well-suited for freelancers, solopreneurs, and small-business owners alike. We’re here to make migrating your desktop data and getting to know QuickBooks Online as seamless as possible. Easily do it yourself, or get help from a specialist if you have questions. We also offer expert-led webinars, easy-to-use guides, and free phone and chat support.

Customer information is tracked when invoices are viewed and paid. You can also personalize the invoices with your company’s brand images and color schemes to keep your brand at the forefront of all communications. Invoices can be sent manually or scheduled to be sent automatically on a recurring basis, which we found especially useful. QuickBooks recently introduced artificial-intelligence-powered invoicing through Intuit Assist, which creates a free personalized invoice in seconds. With QuickBooks Online, you’ll never have to wonder where your transactions are. The program tracks your income and expenses automatically and then sorts them into categories.

QuickBooks Online syncs all your clients’ data and apps in one place. We love that, come tax time, all of your documents will be organized and ready for you. The program also includes automatic quickbooks small business accounting tax calculations for quarterly payments.