With so many features, QBOA can empower your firm to manage complex accounting tasks better and provide better client services. Here are some of the most powerful features and benefits that QBOA offers to help accountants and bookkeepers manage their practice and clients. QuickBooks Online is cloud-based accounting software that covers all the accounting needs you may have. It’s a subscription-based service that is good for various industries and beneficial to those who regularly work with a bookkeeper or accountant because you can give them access to your files. Read our comprehensive QuickBooks Online review to decide if this popular accounting software is the best choice for your needs and budget.
QuickBooks Online is better than QuickBooks Desktop if you prefer a cloud-based accounting software to a locally installed one. QuickBooks Online’s biggest advantage is its ability to be accessed from anywhere with an internet-enabled device. Learn about all the differences in our comparison of QuickBooks Online vs Desktop. The ability to send invoices and manage and track unpaid bills is important for small business and freelancers.
It’s one of the highest-rated and most popular bookkeeping software services — and for good reason. Few accounting software programs are as fully featured as QuickBooks Online, which lets users track expenses, reconcile bank accounts, generate critical financial reports and much more. The Plus Plan is $25.50 per month for the first three months, then becomes $85 per month, and adds up to five users.
A professional-looking profile adds credibility when working with your accounting clients through the QuickBooks interface. The most notable difference, aside from price, between QuickBooks Online and QuickBooks Desktop is the Online version is cloud-based. The mobile app for Online is robust, and Desktop’s mobile app is so limited, that it essentially functions as a receipt uploader. Working from the cloud means you need an internet connection, so a poor signal or an intermittent connection can be an issue. The two versions are independent of each other, which means the data you enter on Desktop doesn’t sync to the Online version and vice-versa.
QuickBooks Online Plus (not to be confused with QuickBooks Desktop Pro Plus) includes five users and advanced features. QuickBooks Online offers four pricing plans that start at $30/month and can cost up to $200/month, depending on the number of features and users your business needs. Through the QuickBooks app, you can snap receipts and upload expenses, which are then automatically sorted into tax categories for easier end-of-year tax deductions. Intuit QuickBooks Online has four plans that can accommodate small, midsize and large businesses.
With five plans, each at different price points, users can choose the plan that best meets their business needs without paying for additional features that they don’t want. As a business grows, users can easily upgrade to a more advanced plan with additional features seamlessly. QuickBooks is the platform most used by professional accountants so if you plan to work with an accountant, they will likely be very familiar with the platform, its features and capabilities. There are two main factors to consider when deciding which QuickBooks Online product is right for you.
If you’re moving to QuickBooks from another accounting software, you can import your existing files to your new account. All plans include 24/7 live chat support; phone support is available 5 a.m. Integrates with more than 750 apps and offers live, in-house bookkeeping. Offers four plans to accommodate a range of businesses with different needs; each plan limits the number of users, though. QuickBooks Advanced provides greater flexibility in customizing reports than the other QuickBooks Online plans.
Xero’s plans cost $13, $37, and $70 per month, compared to the QuickBooks $15, $30, and $60 per month plans. However, the “Secure” brand of checks offer in-depth fraud protection measures that may justify the price, provided you anticipate security risks at your business. Also available from the service is a lending program called QuickBooks Capital. Those with QuickBooks Online accounts are potentially eligible, though they’ll still need to qualify on the strength of their accounting history.
Katherine Haan, MBA is a former financial advisor-turned-writer and business coach. For over a decade, she’s helped small business owners make money online. When she’s not trying out the latest tech or travel blogging with her family, you can find her curling up with a good novel. They helped me the difference between contingent and primary beneficiaries catch up on over a year of lackadaisical sloppy data entry. If you invoke the guarantee, QuickBooks will conduct an evaluation of the Live Bookkeeper’s work. The main dashboard will give an overview of your QuickBooks account, showing your profit and loss overview, invoices, expenses and sales.
From pros and cons to hidden fees and add-on functions, we’ll touch on everything you’ll find in this top-rated accounting software. QBOA features can allow you to increase your accounting service offering to your clients by providing advisory services, tax planning, and financial advice. Diversifying your services can strengthen your relationship with clients and improve your reputation as an accounting firm.
FreshBooks stands out for a great set of features, but it does not offer the payroll processing or advanced tools that QuickBooks has. Accountants can set up their clients in QuickBooks Online or have their clients invite them to access their existing account, allowing clients to maintain full control and set permission levels. This enables accountants to oversee clients’ financial data, generate reports, and gain real time insights into client’s business performance to provide better advisory services. QuickBooks Online offers more features on the go and is a better overall value than QuickBooks Desktop. If you don’t need the advanced features offered by the Desktop plan, the Online version will save you money. QuickBooks Desktop is a good choice if you need specialized features such as inventory tracking or forecasting, and you don’t mind paying more for them.
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. However, QuickBooks Desktop may be the better value for businesses that want a locally installed software option with enhanced accounting features.
As a Priority Circle member, you get access to a dedicated customer success manager who can assist you with any questions or issues you have with your software. You will get priority support through chat and phone, with shorter wait times than non-Priority Circle members. With QuickBooks Essentials, you can track billable time by job and assign it to a specific customer—something you can’t achieve with Simple Start. Once you’ve recorded your billable time, you can add them to your invoice and then send it to your client. This feature is ideal for service-based businesses that charge work by the hour, such as lawyers and independent contractors.
