Perhaps you’ve already used some, like Google’s G Suite or Microsoft’s 365, or perhaps you just need to be able to accomplish something that QuickBooks doesn’t support. Whatever the case, the right integration will make your business operations even more streamlined. Any sized business has paperwork, even just a single freelancer.

We rate features, customer support, customer reviews, security, and more in each of these reviews. Take a look or get started right away with your favorite version of QuickBooks Desktop. Whether you use QuickBooks Payments or another payment gateway, be sure to take the credit card fees into account. In addition to the features offered by the Gold and Platinum plans, QuickBooks Enterprise Diamond adds Assisted Payroll and QuickBooks Time Elite. QuickBooks Premier has almost all of the same potential additional fees as QuickBooks Pro, with a few minor variations in cost.

QBO Has the Highest Market Share

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. Once your business is large enough to require more automation and more employees, the Plus Plan likely makes sense, as it allows for recurring payments in addition to time tracking.

Go beyond bill pay and track bill status, create recurring payments, and pay multiple vendors at once. As of now, QuickBooks Online (QBO) only allows UI rate entries for 2023 since QBO adapts to the current year’s rate compliant with the State regulations. Rest assured, the software will update the changes in UI rate once it takes effect, usually on the first day of the calendar year or covered period.

QuickBooks Online Payment Gateways

As part of a special deal, the first three months will only cost you $15 per month, provided you skip the free trial. Whether QuickBooks Online is a better deal than QuickBooks Desktop depends on the needs of your business. QuickBooks Online can be a more cost-efficient option for businesses with multiple users that don’t want to navigate the steep learning curve of QuickBooks Desktop.

• This feature is ideal for service-based businesses that charge work by the hour, such as lawyers and independent contractors.
• This offer does not apply to people doing a 30 day trial or people who signed up for QuickBooks Self Employed.
• If you want to learn more about QuickBooks, read our complete QuickBooks Online review or get started with a free trial.

It also includes inventory tracking, making it a must for an operation that sells more than a few products. Due in part to these reasons, QuickBooks is our pick for the best hospitality accounting software. If these needs apply to your business, consider a different subscription level. QuickBooks Online Plus is ideal for businesses that sell both products and services.

QuickBooks Online Pricing Plans 2024

Like QuickBooks, Xero offers a free 30-day trial or discounted pricing for the first few months of use. FreshBooks’ pricing starts at $17 per month, so it costs a little less than QuickBooks’ $20-per-month plan. FreshBooks stands out for a great set of features, but it does not offer the payroll processing or advanced tools bookkeeping for landscaping businesses that QuickBooks has. The QuickBooks Plus plan costs $90 per month, supports five users, and includes several advanced features compared to the Essentials plan. If the three-month deal is applied, this price is dropped to $45 per month. As with Essentials, Plus prices rose by $5 a month in 2023, when it cost $85 per month.

• As part of a special deal, the first three months will only cost you $15 per month, provided you skip the free trial.
• Simple Start runs basic reports, including cash flow statements, profit and loss (P&L) statements, and balance sheets.
• Reporting tools are available on the Simple Start plan but they are a bit limited.
• However, higher-tiered plans have additional functionality, like the ability to enter bill payments and view reports.
• Locally installed basic bookkeeping tools, including invoices, industry-specific reports, time tracking, inventory management and more.

Additionally, while QuickBooks starts at $7.50 per month and FreshBooks starts at $2.50 per month (on introductory offers), Square Invoices starts at $29-plus per month for its paid subscription. QuickBooks Enterprise has significantly fewer additional fees than QuickBooks Pro and Premier since many features are included with your annual subscription. The advantage of QuickBooks Essentials vs Simple Start is the ability to assign hours worked to specific customers. Unfortunately, you can’t assign billable expenses to customers unless you upgrade to Plus.

Currently using QuickBooks?

QuickBooks Online is the most popular online bookkeeping software out there, with 74% of the market share. These features are available in every QuickBooks Enterprise subscription. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. With Essentials, you can track your unpaid bills easily and pay them directly within QuickBooks. You just need to select the bills you want to pay from the Pay Bills window, place a checkmark next to the bills, and then select Save & Print.

Since you don’t have the additional cost of file hosting and servers, cloud-based software can actually be cheaper overall than desktop-based bookkeeping software. Payment gateways allow you to accept payments from your customers. Common payment processing options include 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.

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I have chosen not to use Xero simply because most of my clients in the US are using QBO, and I only work with one software to keep my expertise deep and sharp. The QBO bank feeds use machine learning, automated rules, and real-time synchronization with your client’s online banking to make the bookkeeping process thousands of times faster. Additionally, QBO integrations with third-party applications and bank feeds are lightyears ahead of their desktop-based counterparts. QBO is well worth any additional cost over Desktop in my opinion. QBO was considered the more expensive counterpart to Quickbooks Desktop for a long time.

By the end, you’ll know how much QuickBooks Pro, Premier, and Enterprise cost and be aware of any additional fees you might encounter. See a quick summary of pricing and add-on fees below and read the whole post for more detailed information. QuickBooks Online is better than QuickBooks Desktop if you prefer a cloud-based accounting software to a locally installed one.