We’ve got you what is a purchase allowance 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. This section focuses more on first-time setup and software settings.

QuickBooks Online Essentials plan

This plan is best for small businesses, whether an LLC run by just one individual or a simple partnership. annual holidays It’ll help someone keep their accounting data in one place, although it doesn’t offer many bells and whistles that could be useful for a larger operation. The QuickBooks Simple Start plan costs $17.50 per month — $35 per month after the first three months — and also supports one user. It’s worth noting, however, that these prices are part of a special deal that gets you 50% off for the first three months. After that, the Simple Start tier goes back to the standard price, which is $35 per month, while the Advanced plan goes as high as $235 per month.

1. It also supports batch importing, to help a single user create, edit, and send multiple invoices, checks, expenses, or bills.
2. You also get access to exclusive premium apps such as LeanLaw, HubSpot, DocuSign, Bill.com, Salesforce, and more.
3. QuickBooks Simple Start is a good fit for businesses that are seeking a double-entry accounting system and for those with employees because of its integration with QuickBooks Payroll.
4. But other accounting tools come with slightly different strengths.

Midsized businesses with several customers or clients might benefit from the ability to track profitability with QuickBooks Plus. Plans support up to 40 users and business owners can purchase varying prepaid rent accounting levels of cloud access. The prices listed above apply to local access plans only; annual pricing rises with more users and cloud access. QuickBooks Online Plus is ideal for businesses that sell both products and services. You can also connect with your accountant, making it easier at tax time.

QuickBooks Online Simple Start vs Essentials

Finally, you can start creating budgets and cash flow projections based on your client and supplier information. This plan is designed for freelancers who file a Schedule C IRS form to report their income as sole proprietor. All Simple Start features plus the ability to record transactions in multiple currencies and enter employee time.

QuickBooks Online Solopreneur plan

Users can tailor their reports by filtering and grouping data and creating custom fields and dashboards. Additionally, Advanced lets you generate multi-company reports and schedule emailed reports to be sent to specified email addresses. Our internal case study compares the four standard QuickBooks Online plans for small businesses across major accounting categories and functions to help you decide which one fits your needs.

Discover a greater view of your
business with Plus

But with the right accounting or invoicing software for small businesses, filing tax information can be a simple and streamlined process. QuickBooks makes this process even easier thanks to a huge range of integrations and plug-ins you can use, with familiar names such as PayPal, Shopify and MailChimp all present and accounted for. QuickBooks Online also offers more automation features, which might be a better fit for small businesses — the more tasks you can delegate to the software, the more efficient your business will be. QuickBooks Desktop also has a more dated and harder-to-navigate UI than QuickBooks Online. QuickBooks Online has a monthly pricing structure — you pick the right plan and then pay every month for the service.

Common payment processing options include PayPal, Stripe, Square, and Authorize.Net. QuickBooks Online offers around 25 payment processors, or you can use QuickBooks Payments. Most integrations come with monthly subscription fees, so be sure to account for these extra costs when calculating your total costs for QBO. QuickBooks Online payroll costs between $50-$130/month plus $6-$11/month per employee. If your small business needs a payroll solution, be sure to add this cost to the regular QuickBooks Online monthly fee. Read our complete QuickBooks Online Payroll review for the details, and be sure to visit the QBO website to see if Intuit is running a QuickBooks payroll discount before buying.

Our partners cannot pay us to guarantee favorable reviews of their products or services. Between the QuickBooks Online monthly fee and add-on costs, the monthly pricing of QuickBooks Online can add up quickly. QuickBooks now offers a free small business checking account called QuickBooks Checking (formerly known as QuickBooks Cash).