Which QuickBooks Version is Right for Small Business

QuickBooks is one of the most popular accounting software all over the world that is specially designed for all types of businesses. We can say that it is an amazing accounting software developed by Intuit. If you have a business, no matter, what type of business you have then you must afford the QuickBooks accounting software and need to experience its advanced features for different QuickBooks versions.

All software have their different versions, so obviously, QuickBooks has its different versions and different plans. But the thing you need to know that, which QuickBooks version is best to choose. We will make it simpler for you to choose the right one, in this article.

What are the Different QuickBooks Versions

QuickBooks comes in 3 different versions which are QuickBooks Online, QuickBooks Desktop, and QuickBooks Cloud. We mostly use the QuickBooks Desktop version and QuickBooks Online version for business finance management. They have their plans with some different features. All plans are not including the same features, they vary with the selection of your plan.

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QuickBooks Online Version

QuickBooks Online is the QuickBooks version that you can use anywhere in the world. It is an Online version, that allows the users to access themselves on any device and from anywhere. This is safe and secure to use and you can work on your company file from any location in the world if you have internet access.

Now QuickBooks Online comes with different plans. All the plans have different features. Different plans are:

QuickBooks Online Simple Start

A simple start is the basics in QuickBooks Online. It is the cheapest with the price of $12.50 per month and the feature are:

• Track income & expenses
• Invoice & accept payments
• Maximize tax deductions
• Run general reports
• Capture & organize receipts
• Track miles
• Manage cash flow
• Track sales & sales tax
• Send estimates
• Manage 1099 contractors

QuickBooks Online Essentials 

Essentials are the second cheapest option in QuickBooks Online. It comes at a price of $20 per month. It includes all the features of the Simple start version and in addition to that you will get :

• Includes 3 users
• Manage & pay bills
• Track time

QuickBooks Online Plus

Plus comes at a price of $35 per month. It includes all the features of the above two versions and also it gives you the extra features :

• Includes 5 users
• Track inventory
• Track project profitability

QuickBooks Online Advanced

It is the most expensive version in the QuickBooks Online version. It includes all the features which you will get in the above versions and also it includes the below features:

• Includes 25 users
• Business analytics & insights
• Batch invoices & expenses
• Customize access by role
• Exclusive Premium Apps
• Dedicated account team
• On-demand Online training
• Automate workflows
• Restore company data

Now apart from these four options, there is also another option which is 

QuickBooks Online Self-Employed

QuickBooks Self-employed is for freelancers. It comes at the price of $7.50 per month. You will get limited features but you are just starting out then it is a great deal for you where you can learn and manage your finances also. You will get the below features.

• Track income & expenses
• Capture & organize receipts
• Estimate quarterly taxes
• Track miles
• Run basic reports

QuickBooks Desktop

QuickBooks Desktop is also a great option if you are working in an organization. It is software that means you have installed it on your system and then you can use it. To run the Quickbooks desktop your system needs certain requirements. So you will need a good System also. Apart from that, it comes in three different options. All three have different prices and features.

QuickBooks Dektop Pro

It is the cheapest in the QuickBooks Desktop version which you will get at $199.99 per year. It is an annual subscription which means you have to pay for it every year. It can be used up to the top 3 users only. It includes

• Track income & expenses
• Invoicing
• Run reports
• Send estimates
• Track sales tax in QuickBooks Desktop
• Manage bills & accounts payable
• Track time
• Track inventory
• List limits
• Pay 1099 contractors
• Unlimited customer support
• Data backups and upgrades
• Forecasting
• Industry specific features
• Mobile inventory barcode scanning
• End-to-end sales order fulfillment
• Payroll(Add on)
• Remote access via hosting(Add on)

QuickBooks Desktop Premier

It is also a great deal which you can get at $299.99 per year. It comes with industry-specific tools. It can be used for up to 5 users only. QuickBooks Premier includes all the features of the Pro Plus 2022 and in addition to that it includes:

• Forecasting
• Industry specific features

QuickBooks Desktop Enterprise

QuickBooks Desktop Enterprise is the most expensive one at $1147.50 per year. It is the most customizable and best for big organizations. It includes all the features of QuickBooks Pro Plus and Premier Plus 2022. It can be used up to 40 users. It also includes:

• Mobile inventory barcode scanning
• End-to-end sales order fulfillment

As you have read about all the three products you came to know their pricing and features. Now as per your need and budget you can decide and choose which QuickBooks is best for you. If you want to work remotely then QuickBooks Online is the option for you but if you are in an organization then QuickBooks Desktop and Quickbooks Enterprise is the option for you. It is up to you. If you need any technical help then you can contact our experts.