A.C. Bookkeeping

QuickBooks Online provides several tiers of service, let's take a look.

Updated: Mar 9, 2019

Depending on your budget and business needs, QuickBooks Online isn't just one size fits all.

There are five different subscription levels of QuickBooks Online. All levels allow for income and expense tracking, reports, invoicing, mobile device app access, and allowing your bookkeeper to connect as their own user account. Let's go over some of the tiers and their features.

"Now that I own the building I’m looking for new sources of revenue. And a daycare center? Muahahahahahaha…Well I guess it’s not an evil idea, it’s just a regular idea, but there’s no good laugh for a regular idea." ~Dwight Schrute

Don't forget QuickBooks Online comes with a 30 day free trial. If you are on the fence about jumping in, you can take a test drive.

QuickBooks Self-Employed

Geared toward maximizing schedule C tax deductions for the self-employed business owner. This subscription allows for one user, with all of the above listed features of mobile access and bookkeeper access. QuickBooks designed this to help separate business and personal expenses. For you DIYers, an upgraded subscription of this tier includes syncing the schedule C information into TurboTax.

There is also a subscription plan within this same price point called QuickBooks Simple Start, with more of a small business focus rather than a schedule C. The main difference between these two is Simple Start can have the added payroll service, and Self-Employed can not.

QuickBooks Online Essentials

Contains all of the essentials of Self-Employed and Simple start. Geared toward the smaller business, this subscription tier allows for up to three full access account users. You can manage bills, send out estimates, print checks, and even integrate with other software applications. The Online Essentials package also allows time tracking, a great feature to have when adding Intuits payroll service.

QuickBooks Online Plus

The Intuit Online website doesn't mention, but if you need class tracking, this is the way to go. What is class tracking? For instance, if you have rental properties, or a construction business, and you want to keep track of income vs expenses for house #1 and also house #2 separately, you can assign each project a class name so later you can pull up a report just for that class to see profits/losses for each project/location separately. What the website does mention, is that Online Plus allows up to five full access account users, can create and send purchase orders, track inventory, and prepare and print 1099s for outside contractors.

Can't decide what's right for you? Let's connect and I'll review a plan that works within your company's budget.