Comparing QuickBooks Pricing Options for Small Business Owners

Comparing QuickBooks Pricing Options for Small Business Owners

As a small business owner, keeping track of finances is an important aspect of running a successful venture. QuickBooks, the popular accounting software, has become a go-to tool for many small business owners. With different versions and pricing options available, it can be difficult to choose which one is right for your business. In this article, we’ll explore QuickBooks pricing options and help you make an informed decision.

QuickBooks Online Pricing Options

QuickBooks Online offers four pricing plans: Simple Start, Essentials, Plus, and Advanced. Each plan comes with different features and pricing.

1. Simple Start: At $25 per month, Simple Start is the most basic version of QuickBooks Online. It allows you to create and send invoices, track income and expenses, and run reports. It supports one user and up to 20 different income and expense categories.

2. Essentials: At $40 per month, Essentials has all the features of Simple Start, plus it enables you to manage bills, track time, and add up to three users. It also supports up to 40 different income and expense categories.

3. Plus: At $70 per month, Plus includes all the features of Essentials, and also allows you to track inventory, create purchase orders, and prepare 1099s. It supports up to five users and up to 60 different income and expense categories.

4. Advanced: At $150 per month, Advanced is the most expensive version of QuickBooks Online. It includes all the features of Plus, and also provides custom reports, custom user permissions, and dedicated account management. It supports up to 25 users and unlimited income and expense categories.

QuickBooks Desktop Pricing Options

QuickBooks Desktop also offers different pricing options for small business owners. Unlike QuickBooks Online, QuickBooks Desktop is installed on your computer and doesn’t require an internet connection to function. It offers three pricing plans: Pro, Premier, and Enterprise.

1. Pro: At $299.95, Pro is the most basic version of QuickBooks Desktop. It includes invoicing, billing, accepting payments, and managing inventory. It supports up to three users and allows you to track up to 14,500 customers, vendors, and employees.

2. Premier: At $499.95, Premier has all the features of Pro, plus it offers industry-specific editions for contractors, nonprofits, and retailers. It supports up to five users and allows you to track up to 14,500 customers, vendors, and employees.

3. Enterprise: At $1,213 per year, Enterprise is the most advanced version of QuickBooks Desktop. It includes all the features of Premier, plus it offers advanced inventory and pricing capabilities. It supports up to 30 users and allows you to track up to one million customers, vendors, and employees.

Which QuickBooks Version is Right for Your Business?

Choosing the right QuickBooks version for your small business can be a difficult decision. Your decision should depend on the size of your business, the level of inventory management required, and the number of users that need access to the software.

For small businesses with fewer than five users, QuickBooks Online Plus or Premier should suffice. For businesses with more than five users, consider QuickBooks Desktop Enterprise as it supports up to 30 users. If you need advanced inventory management features, such as barcode scanning and serial number tracking, QuickBooks Desktop Enterprise is the best option.

Conclusion

QuickBooks is a powerful accounting software that helps small business owners manage their finances effectively. With different pricing options available, it’s essential to choose the right version for your business needs. By comparing QuickBooks pricing options, you can make an informed decision that best suits your business.

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