QuickBooks Pro is the entry-level version of QuickBooks Desktop. Unlike QuickBooks Premier, which lets you have five users, QuickBooks Pro has a maximum of three. It also only comes with 100 types of reports, compared to Premier’s more than 150 industry-specific reports. Learn more about the differences between these packages in our QuickBooks Pro vs. Premier review. Plus, QuickBooks Desktop integrates with over 200 third-party apps, so you can add extra accounting functionality that way too.
- You can then share the invoice with clients through the mail or take a printout and send a hard copy.
- Most businesses use an electronic method for their bookkeeping, whether it’s a simple spreadsheet or more advanced, specialized software.
- Excel is a spreadsheet program that you can use for multiple functions like creating databases, project management and, yes, accounting.
- QuickBooks offers a separate product — QuickBooks Self-Employed — designed for freelancers and independent contractors, with plans starting at $15 per month.
- Intuit’s Lacerte and ProConnect Tax Online tax preparation software for professional accountants who prepare tax returns for a living integrates with QuickBooks in this way.
- QuickBooks, on the other hand, is a software dedicated only to accounting.
Versions of this product are available in many different markets. The QuickBooks UK edition also includes support for Irish and South African VAT. QuickBooks Enterprise was withdrawn from the UKI market in 2014.
QuickBooks is one of the most popular accounting software for small businesses in 2024. Since your bank accounts are linked with QuickBooks, there is no need for you to manually enter your data. Manual calculations, accounting rules and formulas are all taken care of for you and financial reports are available at the click of a button. Take control of your finances with QuickBooks small business accounting software. You can also control who accesses your data, and what they can see and do with it by assigning different permission levels to limit the access privileges of each user. Cloud accounting software offers greater access, efficiency, accuracy, scalability and security compared to traditional accounting software.
Plans for every kind of business
We take pride in providing exceptional customer service support. We offer free set up sessions with our QuickBooks experts to help you get started with inflation accounting in the system of modern accounting your account. In addition, we have 24/7 chat with our dedicated team, who are alsways ready to assist you with any questions or concerns you may have.
There is an automated online backup of your data, but this isn’t accessible from multiple computers or in real-time, meaning your accountant can’t check your finances remotely. Along with these 150 reports, you’ll also be able to enter up to 14,500 inventory items, which should be more than enough for most businesses. Your chart of accounts can also hold up to 10,000 entries, which again, should be ample.
QuickBooks is a game-changer for any small business.
While QuickBooks Online wins our top spot for now, we’re hoping that as Xero’s user base expands, more accountants and bookkeepers will sign on. That should make collaboration easier for Xero-using small-business owners who (wisely!) work with financial advisors around tax time. And thousands of accountants and bookkeepers do use Xero already, so you can search Xero’s directory to find a local accountant who’s already familiar with the software. Xero is our top accounting software pick for small-business owners—its ease of use, low starting price, and thorough features set it apart. The software’s bookkeeping features include double-entry bookkeeping (the most accurate bookkeeping and accounting method), plus dozens of customizable reports. Quickbooks Online offers integration with other third-party software and financial services, such as banks, payroll companies, and expense management software.
Components of Bookkeeping
It has features required specifically for accounting like income and expenses tracking, payroll management, invoicing and inventory management. The payroll add-on calculates payroll automatically as often as you want. Three plans give your business the scalability to grow over time and add features as necessary. The Core plan offers everything a small to midsized business would need to get started, while Premium and Elite plans enable options such as same-day direct deposit and expert assistance with setup. In addition to QuickBooks Online, Intuit offers a desktop product called QuickBooks Desktop, which is locally installed rather than cloud-based.
Other QuickBooks-related products
Invoicing is one of the most crucial functions for many businesses, especially those that provide services or rely on freelancers. QuickBooks makes it easy to create invoices either from scratch or from an earlier estimate. While there are many options available, you do not need to sign up for all of the QuickBooks services all at once. You can start with a single app, such as the accounting or payroll software, and add others as you expand.
Intuit’s Lacerte and ProConnect Tax Online tax preparation software for professional accountants who prepare tax returns for a living integrates with QuickBooks in this way. Small and medium-sized businesses that need industry-specific tools. Excel is a spreadsheet program that you can use for multiple functions like creating databases, project management and, yes, accounting. However, creating a solid accounting database in Excel requires a thorough knowledge of how to set up spreadsheets and all the formulas that may entail. As of this writing, QuickBooks Online was offering a 50% discount for three months on all subscription plans. QuickBooks makes it easier for your business as it calculates your income and expenses automatically as they happen.
Smart features that help you save time
QuickBooks will send a personalised reminder email when a customer’s due date is approaching. Schedule invoices to be sent automatically or send invoices in batches to increase efficiency. For a small business that needs help with bookkeeping and expense entry, QuickBooks Live Bookkeeping is a great resource to get the work done for a low monthly fee. Should an error be found, QuickBooks will reopen the books for that month and fix the error with no extra charge. Access real-time financial data on any device, anytime, anywhere.