At the end of the day, the cost of QuickBooks Online depends on your business’s needs, and the cost of QuickBooks doesn’t stop at just $35/month for most businesses. There are other QuickBooks Online charges in addition to the monthly subscription fee. We’ve got you covered with a breakdown of the four QuickBooks Online (QBO) plans.

Plus allows you to assign classes and locations to your transactions, so you can see how your business performs across divisions, locations, rep areas, or any units that are relevant to your business. If you run businesses in multiple locations and want to see which one is most profitable, an upgrade to Plus from Essentials is worth the price. QuickBooks Simple Start has a decent ability to record and track payments to independent contractors, making it easier to stay compliant with tax regulations.

QuickBooks Online Solopreneur plan

The site warns you if you try to sell something you don’t have in stock, and its inventory reports help you avoid running low or having too much money tied up in products that aren’t selling well. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. 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.

Simple Start

She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners. She also regularly writes about business for various consumer publications. Even after initial setup, the software must also let users modify information like company name, address, entity type, fiscal year-end, and other company information. In evaluating pricing, we considered the billing cycle (monthly or annual) and number of users. QuickBooks Solopreneur works well for one-person businesses, especially if your bookkeeping knowledge is limited or if you need to separate your business and personal expenses. If your work is project-based or you often work remotely, it’s also a good solution.

QuickBooks Solopreneur vs QuickBooks Online Simple Start

1. To delve deeper into our best small business accounting software, we tested and used each platform to evaluate how the features perform against our metrics.
2. No other accounting service can match QuickBooks Online’s reports in terms of design, customizability, and content.
3. Before we dive into the details of each QuickBooks plan and its value, here’s a look at the latest accounting software deals and discounts from the biggest and best QuickBooks alternatives on the market.
4. After Sept. 30, 2024, QuickBooks Desktop plans will no longer be offered to new customers (although support and updates will continue for existing customers).
5. You can create an unlimited number of invoices and estimates, track your expenses and manage up to 1,099 contractors.

To delve deeper into our best small business accounting software, we tested and used each platform to evaluate how the features perform against our small business saturday 2019 metrics. This hands-on approach helps us strengthen our accounting software expertise and deliver on the Fit Small Business mission of providing the best answers to your small business questions. QuickBooks has also stopped allowing users to file their sales taxes online through the service.

Xero’s plans cost $13, $37, and $70 per month, compared to the QuickBooks $17.50, $32.50, and $49.50 per month plans. However, the “Secure” brand of checks offer in-depth fraud protection measures that may justify the price, provided is it possible to lower my effective tax rate what are my options you anticipate security risks at your business. Also available from the service is a lending program called QuickBooks Capital. Those with QuickBooks Online accounts are potentially eligible, though they’ll still need to qualify on the strength of their accounting history.

Live customer support is available by online chat and callback weekdays during extended business hours and on Saturdays. Plans support up to 40 users and business owners can purchase varying levels of cloud access. The prices listed above apply to local access plans only; annual pricing rises customer deposit definition with more users and cloud access.