QuickBooks is an all-in-one accounting solution and a good option for firms that may need to scale their accounting needs in the future.
QuickBooks Highlights
QuickBooks provides a wide range of accounting features that work for many small business sizes. They offer four pricing plans: Self-Employed, Simple Start, Essentials, and Plus, with Plus being their most popular plan. All plans include mobile apps for phone and tablet, secure bank integration, and free 24/7 QuickBooks support.
QuickBooks Self-Employed. QuickBooks Self-Employed is designed for independent contractors. It’s the only plan that offers mileage tracking among its features. You can track your income and easily see your business’s profitability, track all expenses by taking photos of your receipts, and send invoices. You even get free ACH bank transfers. Tax season is simplified as you can sort expenses into different tax deduction categories at the touch of a button.
QuickBooks Simple Start. QuickBooks Simple Start offers everything in the Self-Employed plan–tracking income and expenses, sending invoices, maximizing tax deductions–except mileage tracking. Additionally, you’ll be able to send professional-looking estimates to prospective clients and track sales tax if that is applicable to your firm.
QuickBooks Essentials. In addition to everything offered in the Simple Start plan, QuickBooks Essentials lets you manage all your bills and invite additional users to use the program.
QuickBooks Plus. The Quickbooks Plus plan includes everything from the Simple Start and Essential plans. Additionally, you can track time and make invoicing clients a more streamlined process. You’ll also be able to track inventory and 1099s, even though these extra features may not apply to your needs as a small firm.
Pricing
QuickBooks pricing is based on which plan you choose. The Self-Employed tier is $10/month, the Simple Start is $15/month, Essentials is $35/month and Plus is $50/month.
Features
Any checks with * mean the feature is available with an upgrade.
| QuickBooks | ||||
|---|---|---|---|---|
| Website | quickbooks.intuit.com | |||
| Plans | Self-Employed | Simple Start | Essentials | Plus |
| Starting price | $10/month | $15/month | $30/month | $40/month |
| Installation | Cloud | Cloud | Cloud | Cloud |
| Apps | Web App iOS Android | Web App iOS Android | Web App iOS Android | Web App iOS Android |
| Free trial | ✓ 30 days free. | ✓ 30 days free. | ✓ 30 days free. | ✓ 30 days free. |
| Bookkeeping | ✓ | ✓ | ✓ | ✓ |
| Connect to bank accounts | ✓ | |||
| Billing/invoicing | ✓ | ✓ | ✓ | ✓ |
| Online payments | ✓ | ✓* | ||
| Secure portal | ✓ | ✓ | ✓ | ✓ |
| Tax preparation | ✓ | ✓ | ✓ | ✓ |
| Expense tracking | ✓ | ✓ | ✓ | ✓ |
| Mileage tracking | ✓ | |||
| Reporting/analytics | ✓ | ✓ | ✓ | ✓ |
| Accounts receivable | ✓ | |||
| Payroll | ✓* | |||
| Multiple users | ✓ | ✓ | ||
| Accounts payable | ✓ | |||
| Bill payment | ✓ | ✓ | ||
| Statement reconciliation | ✓ | |||
| Foreign currencies | ✓ | |||
| Check printing | ✓ | |||
| Contact management | ✓* | |||
| Timekeeping | ✓ |
Things You Might Want to Know
Security. QuickBooks uses SSL (secure-socket layer) to ensure your data is encrypted in transit. Credit card and social security numbers are converted to tokens or encrypted. QuickBooks secures its data centers with 24/7 personnel and video surveillance and has backup generators to keep data available during power outages.
Migration. QuickBooks states they will help migrate your data for free or perform the migration for you.
Apps and Integrations. QuickBooks has hundreds of integrations, including apps for scheduling, timekeeping, invoicing, and digital commerce.
Who QuickBooks is For
Given its multiple price points and extensive integration capabilities, QuickBooks is likely a good fit for firms of all sizes.
Quickbooks is my favorite accounting software.
There’s a reason Quickbooks is the most used accounting software. It’s the best.
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