The Ultimate Guide to QuickBooks Small Business Pricing: Choose the Best Plan for Your Company

As a small business owner, managing finances can be overwhelming, especially when you’re dealing with multiple transactions on a daily basis. That’s where QuickBooks comes to the rescue. QuickBooks is a powerful accounting software that helps small businesses manage expenses, track income, and generate financial reports.

When it comes to pricing, QuickBooks offers different plans to cater to various business needs. Each plan offers different features and capabilities, making it essential to determine which one suits your business best. In this guide, we’ll take an in-depth look at QuickBooks small business pricing, the features of each plan, and help you choose the best plan for your company.

Understanding QuickBooks Small Business Pricing

QuickBooks offers four plans to fit different business needs: Simple Start, Essentials, Plus, and Advanced. The pricing for each plan is as follows:

• Simple Start – $25/mo
• Essentials – $40/mo
• Plus – $70/mo
• Advanced – $150/mo

The features and capabilities of each plan increase with the price. The Simple Start plan includes basic features such as income and expense tracking and invoicing. The Essentials plan includes all Simple Start features along with additional features such as time tracking and bill management. The Plus plan includes all Essentials features along with inventory tracking and project profitability tracking. The Advanced plan includes all Plus features along with personalized setup and training, custom user permissions, and advanced reporting.

Features of QuickBooks Small Business Plans

Let’s take a closer look at the features of each plan:

Simple Start

Simple Start is a perfect plan for businesses that don’t have an accounting background. This plan includes:

• Track income and expenses
• Create and send estimates and invoices
• Track sales and sales tax
• One-click sales and tax reports
• Connect to bank and credit card accounts

Essentials

The Essentials plan is designed for businesses that need more features than what the Simple Start plan offers. This plan includes:

• All Simple Start features
• Manage and pay bills
• Capture and track time
• Track project profitability
• Smart reporting powered by Fathom

Plus

The Plus plan is perfect for businesses that need more advanced features. This plan includes:

• All Essentials features
• Inventory tracking
• Track profitability by product
• Create purchase orders and manage vendors
• Prepare and print 1099s

Advanced

The Advanced plan is designed for businesses that need enterprise-level features. Some of the features included in this plan are:

• All Plus features
• Advanced reporting
• Custom user permissions
• Automated workflows
• Accelerated invoicing

Choosing the Best Plan for Your Company

Choosing the best plan for your company depends on various factors such as business size, the number of employees, and the type of business you run. Here are some key points to consider when choosing a plan:

Business Size

If you’re running a small business, you can opt for the Simple Start or Essentials plans as they offer basic features at an affordable price. For larger businesses, the Plus or Advanced plan may be more suitable as they offer advanced features and capabilities.

Number of Employees

If you have one or two employees, the Simple Start or Essentials plan may suffice. However, if you have a larger team, the Plus or Advanced plan may be more suitable as they allow you to add up to 25 users.

Type of Business

The type of business you run also plays a crucial role in selecting the best plan. For instance, if you run an e-commerce business, the Plus plan is the best option as it includes inventory tracking. If you run a service-based business, the Essentials plan is a better option as it includes features such as time tracking.

Conclusion

In conclusion, QuickBooks is an excellent accounting software that caters to the needs of small businesses. Choosing the right plan for your company is essential, and factors such as business size, the number of employees, and the type of business you run play a crucial role in making the right decision. When selecting a plan, it’s essential to consider the features included, even if it means paying more for a plan. QuickBooks small business pricing offers value for money and is an investment that can save you time and money in the long run.