QuickBooks Online Review 2024: Features, Pros & Cons

QuickBooks is the platform most used by professional accountants so if you plan to work with an accountant, they will likely be very familiar with the platform, its features and capabilities. Larger businesses with substantial accounting teams may want to consider the QuickBooks Advanced plan. It covers up to 25 users and provides dedicated customer support and advanced reporting features. All of these small costs can add up, making your end bill higher than the predictable $35-$235/month fee. QuickBooks Mac Plus — also known as QuickBooks for Mac — is locally-installed accounting software designed specifically for Mac users. QuickBooks Mac Plus has the usability of QBO matched with the advanced features and accounting of the other QuickBooks Desktop products.

QuickBooks has also stopped allowing users to file their sales taxes online through the service. You’ll need to file business taxes manually and update your QuickBooks account with the information afterward. Similarly, you can create a client database and track overdue client payments how do i choose the right tax filing status to keep on top of who owes you what.

FreshBooks stands out for a great set of features, but it does not offer the payroll processing or advanced tools that QuickBooks has. It also supports batch importing, to help a single user create, edit, and send multiple invoices, checks, expenses, or bills. You can also automate key accounting tasks such as setting reminders for invoices, payments, or deposits. You can automatically notify customers when their payments have been received and you can route invoices through pre-set approval flows. 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.

She started her career writing and editing content about home services before transitioning to home improvement products. She has spent the last year and a half working at a software company, managing content about CRM, project management and other business topics. QuickBooks Desktop Enterprise has the same great accounting capabilities as Pro and Premier but allows access for up to 40 users and much more storage space. QuickBooks Enterprise has highly developed features to meet the needs of nearly any large business. QuickBooks Enterprise also offers much better customer support than QuickBooks Pro or QuickBooks Online with its Priority Circle customer support.

1. Read our complete QuickBooks Online Payroll review for the details, and be sure to visit the QBO website to see if Intuit is running a QuickBooks payroll discount before buying.
2. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication.
3. Those who want to take their accounting on the go will appreciate the mobile app.
4. On the other hand, we noted that FreshBooks had more invoicing and project management features.

How To Choose The Right Version Of QuickBooks For Your Business

Large businesses that need access for up to 25 users will probably want to go with QuickBooks Advanced. Common payment processing options include PayPal, Stripe, Square, and Authorize.Net. QuickBooks Online offers around 25 payment processors, or you can use QuickBooks Payments.

QuickBooks Mac Plus Features

The benefits of QuickBooks Online are that it has comprehensive features and multiple plans. This makes the software flexible to cater to every business size and industry. The Advanced plan is designed for enterprise-level businesses that have complex accounting needs. Established businesses can streamline their finances while focusing on growth. MarketWatch Guides may receive compensation from companies that appear on this page.

The Bottom Line On Comparing QuickBooks Versions

If you’re a single freelancer, you won’t need to manage any other employees, and you won’t need to track many sales (if any) – so the Self-Employed Plan is best for you. We’ve ranked the best self-employed accounting software, and QuickBooks is at the top. At the most basic level, QuickBooks Online is the cloud-based version of QuickBooks.

QuickBooks Online Integrations

While your QuickBooks Online plan includes most of the features you’d expect from accounting software, there are a few additional add-ons available. QuickBooks Payroll is one of the most popular, with prices ranging from $50/month + $6/employee – $130/month + $11/employee. The more expensive plans include additional users, in-depth reporting, and advanced features. When it seems like there is a business software application for everything, it pays to be choosy. The QuickBooks Online Advanced plan is designed for larger businesses.

The two versions are independent of each other, which means the data you enter on Desktop doesn’t sync to the Online version and vice-versa. When rating accounting and invoicing software, we use a 47-point rubric that looks at pricing, ease of use, features, customer service, and user reviews. We weigh each section differently to calculate the total star rating. QBO has everything you’d expect from accounting or bookkeeping software, including expense tracking, bank reconciliation, journal entries, class tracking, and more.