In addition to everything you receive in QuickBooks Pro Plus, you’ll also have access to Enhanced Payroll. Like its other plans, Intuit frequently runs discounts for this service on its website. Terms, conditions, pricing, special features, and service and support options subject to change without notice. Check out our picks for the best accounting software for small businesses. Most small businesses prefer cloud-based software as it is more affordable, easier to use, and keeps up with our society’s mobile lifestyle.
QuickBooks for Small Business: Which Version Do You Need?
In the next few sections, we’ll cover the pricing structures of QuickBooks Pro, Premier, and Enterprise in more detail. We’ll also discuss the features of each product and guide you on how to choose the right QuickBooks Desktop edition for your business. No matter which version of QuickBooks Desktop you’re using, you can switch to QuickBooks Online quickly and seamlessly. With our online migration tool, you can move all your data or move only what’s key—like balances and specific lists.
If you don’t know much about accounting, you’ll probably want to shy away from QuickBooks Pro, Premier, or Enterprise, unless you’re willing to put in the time to learn. QuickBooks Online and QuickBooks Solopreneur are much easier options. Larger businesses will be looking at QuickBooks Premier, QuickBooks Enterprise, or the QuickBooks Online Advanced plan, depending on how to calculate operating cash flow the number of users they need. However, the primary difference between the two lies in QuickBooks Premier’s industry-specific editions. Users in specific industries can access unique features and industry-specific reporting.
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The software includes certain features Pro lacks, including business plans, inventory assemblies, and sales forecasting. However, if you don’t need extra features, the industry editions, or the extra users, QuickBooks Premier could be needlessly expensive. QuickBooks Desktop Pro is best for small to medium-sized businesses with what goes in the post closing trial balance three users or fewer looking for strong accounting or locally-installed software.
Enhanced Payroll does not limit the number of payrolls scheduled per month. Terms, conditions, features, service and support options are subject to change without notice. Active subscription, Internet access, Federal Employer Identification Number (FEIN), and U.S. billing address required. QuickBooks Online is one of why would a company use lifo instead of fifo the company’s most popular accounting software choices for small-business owners.
QuickBooks Solopreneur’s features are designed specifically for freelancers to address needs such as estimating quarterly taxes, filing Schedule Cs, and tracking deductions. You can easily separate personal and business expenses, which is ideal for freelancers who don’t have separate business bank accounts. Salesforce CRM connector works with Salesforce Professional, QuickBooks Desktop Enterprise and Unlimited versions only; Salesforce is sold separately. The Salesforce CRM connector is a service provided by DBSync and is available as an add-on subscription to QuickBooks Desktop Enterprise Diamond. Expand your functionality for even more productivity across your business. All Platinum features, plus Assisted Payroll to handle federal and state payroll taxes filings for $1/employee each pay period.
How Much Accounting Experience Do You Have?
Active subscription, Internet access and Federal Employer Identification Number (FEIN) required. QuickBooks Desktop Payroll requires a supported version of QuickBooks Desktop Enterprise updated to the most current maintenance release. QuickBooks Desktop Enterprise supports over 100,000 employees, customers, vendors and other names combined. However, performance may slow when processing files containing more than 250 employees.
- QuickBooks pricing is based on your plan, the number of users, add-ons, and other factors.
- The 2024 update to QuickBooks Premier Plus also added on some interesting new features, such as the ability to pay vendor bills online.
- If you don’t need accounting just yet, our new money solution offers banking, payments, and 5.00% APY—all with no subscription or starting fees.
- Advanced Inventory is included in the Platinum and Diamond subscriptions only.
QuickBooks Desktop Discontinued In 2024 For New Users
If you want to upgrade your file to the latest one, I’d suggest contacting our phone support so they can guide you on how to convert the data. On the other hand, if you’re an accountant or someone with a great deal of accounting experience, you may like QuickBooks desktop options that use traditional accounting practices. If you’re a freelancer, QuickBooks Solopreneur is the way to go. If you are a small business owner, it will come back to the decision between cloud-based and locally-installed software to determine which software is right for you.
QuickBooks Solopreneur is designed with the freelancer in mind. Businesses with multiple users or that need more advanced features won’t find what they’re looking for here. QuickBooks Solopreneur is more tax software than accounting software, lacking many of the features you’d find with full-fledged cloud-based accounting software like QuickBooks Online. QuickBooks has been phasing out its desktop product offerings and encouraging businesses to move to using one of its online products.