QuickBooks has been one of the go-to accounting and bookkeeping software solutions for small businesses in recent years. It’s widely used by small business owners for its robust features, user-friendliness, and affordable price. However, if you’re just starting with QuickBooks, you might be wondering how much is QuickBooks for small business? In this comprehensive guide, we’ll break down the costs and help you understand the pricing structure of QuickBooks.
QuickBooks Pricing Plans
QuickBooks offers several pricing plans and tiers, depending on your needs and requirements. The plans are designed to cater to different types of businesses, from freelancers and startups to established small businesses with employees. Here are the current pricing plans for QuickBooks:
• Self-Employed: $15/month
• Simple Start: $25/month
• Essentials: $40/month
• Plus: $70/month
Self-Employed Plan
The Self-Employed plan is suited for freelancers, self-employed individuals, and contractors who need to manage their finances and track their expenses. It includes a mileage tracker, income and expense tracking, and estimated tax payments. The cost of this plan is $15 per month.
Simple Start Plan
The Simple Start plan includes the features of the Self-Employed plan, plus it allows invoicing, accepting payments, and tracking sales tax. This plan is priced at $25 per month and is great for startups that want to keep track of their finances while managing customer invoices.
Essentials Plan
The Essentials plan includes all the features of the Simple Start plan but adds on more functionality, such as more users, time tracking, and bill management. This plan is priced at $40 per month and is great for small businesses with a few employees that need to keep track of their time and expenses.
Plus Plan
The Plus plan includes all the features of the Essentials plan and adds on inventory management, project tracking, and the ability to prepare and print 1099s. The Plus plan is aimed at more established small businesses with several employees and costs $70 per month.
Additional Costs of QuickBooks
While the monthly subscription cost includes most of the features you need, there are additional costs to consider. For example, the cost of processing payments through QuickBooks varies from 2.4% to 3.4% plus $0.25 per transaction. Third-party apps that integrate with QuickBooks may also require additional fees, depending on the app you choose.
QuickBooks Payroll
If you have employees, you’ll also need to invest in QuickBooks Payroll. QuickBooks Payroll allows you to manage and pay employees while staying compliant with tax laws. QuickBooks Payroll has several pricing plans that range from $45 to $125 per month, depending on the level of service you require.
Conclusion
QuickBooks is an affordable and robust accounting solution for small businesses. The pricing structure of QuickBooks is based on your needs and requirements, and there are different plans available to choose from. When considering the cost of QuickBooks, it’s essential to factor in additional costs such as processing payments and using third-party apps. QuickBooks Payroll is also essential if you have employees, and the pricing of the payroll service depends on your needs. By understanding the pricing structure and additional costs associated with QuickBooks, you’ll be able to choose the right plan for your small business.
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