QuickBooks Online Review 2024: Features, Pros & Cons

Both versions offer automatic syncing with your bank so you can categorize transactions. Add payroll to QuickBooks Online starting at $45 per month, or to Desktop starting at $50, plus $2 per employee, per month. The most notable difference, aside from price, between QuickBooks Online and QuickBooks Desktop is the Online version is cloud-based.

Which is best suited for your company depends on several factors. Every company has its accounting processes, and QuickBooks boasts multiple features to help satisfy those specific needs without the higher price of a full accounting or ERP software. Specific modules with additional functionality can be added and removed as your company grows and changes. Yes, QuickBooks is designed to be user-friendly, even for those without an accounting background. Its clean interface and helpful tutorials make it easy for business owners to learn the basics quickly.

QuickBooks Online Editions and Features

The software also supports integrations with other business tools, allowing you to sync data from point-of-sale systems, e-commerce platforms, and more. For what is the difference between negative assurance and positive assurance the Desktop version, you pay an annual fee starting at $1,922 per year, and the cloud-based option starts at $15 per month. Both versions have mobile apps, but the app for the Desktop version primarily functions as a way to upload receipts, and the Online mobile app is robust in comparison. QuickBooks helps small businesses manage their finances by automating many accounting tasks, such as invoicing, expense tracking, and payroll. It organizes financial data into easy-to-understand reports and ensures that your business remains compliant with tax regulations. QuickBooks also integrates with various business tools to provide a seamless accounting experience.

QuickBooks Online Essentials

Other popular merchant processors don’t require this, making collecting payments more difficult. QuickBooks Online made it to our Best Accounting Software for Small Business list because it is a comprehensive platform that checks all the boxes for accounting, invoicing and expense tracking. If you aren’t sure about the product, you can give it a 30-day test run with 100% capabilities of the Simple Start Plan to see if it meets your needs.

1. For $27.50 per month for the first three months, then $55 per month after that, get up to three users, manage and pay bills and track time with its Essentials plan, which is its most popular plan.
2. Both versions offer automatic syncing with your bank so you can categorize transactions.
3. The Plus Plan is $45 per month for the first three months, then becomes $90 per month, and adds up to five users.
4. Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services.
5. QuickBooks Online is available both as a desktop application and an online SaaS (software as a service) model.

Three plans give your business the scalability to grow over time and add features as necessary. Since the software is locally installed on your company’s computers, you will have the safety of your secure network. It features advanced reporting and inventory tracking tools for businesses that require it. New software versions are released yearly, and full support for each version remains for up to 3 years.

QuickBooks Pricing

Larger or multi-entity product-based businesses with complex needs. Adds light inventory management, 1099s, and projects capabilities. While the core features overlap, QuickBooks Online provides greater convenience, mobility, security and adding capabilities over time. But QuickBooks Desktop remains a viable option for certain use cases we’ll cover next. Compare features, pricing, and expert reviews for your business software needs – all in one place.

Deployment Options

When working with the Desktop version, it’s downloaded right to your computer. This means the data operates as fast as your computer, all without needing to worry about a connection issue. This introduces another notable issue with the Desktop software. You must pay an additional fee for every user who wants to access the account simultaneously, whereas Online lets multiple users access the account at the same time. The cost of QuickBooks varies depending on the plan you choose.