When comparing it to other bookkeeping providers, such as FreshBooks and Xero, we note that all three have a 30-day free trial to test the system out. This is important to note since you’ll want to make sure that it is capable of doing what you need in a manner that you understand and can digest. Advanced Inventory is included in the Platinum and Diamond subscriptions only. Advanced Reporting is included in all QuickBooks Desktop Enterprise subscriptions. If you’re a freelancer, stick with its Self-Employed plan, which is $15 per month 9after the three-month discount at $7.50).

QuickBooks Desktop plans and pricing

The best QuickBooks Online plan for you depends on the size of your business and your particular needs. If you deal with inventory or large projects heavily, Plus is the best option. However, self-employed individuals and solo business owners should consider Solopreneur—unless you have an employee, which will require an upgrade to Simple Start. In evaluating pricing, we considered the billing cycle (monthly or annual) and number of users. Advanced also removes the limitations on the number of classes, locations, and charts of accounts, making it ideal for businesses with a growing staff. It even has a batch invoicing and expense management feature, which is ideal for those who manage a large volume of invoices and expenses daily.

Enterprise Software Bundle

QuickBooks might encourage its users to switch from QuickBooks Desktop to Online, but it hasn’t issued any statements about discontinuing Desktop entirely. But based on the tech industry’s growing emphasis on cloud storage over local storage, it’s hard to imagine that downloadable programs like QuickBooks Desktop will still be relevant a decade down the road. Different software packages include licenses for 1 to 10 users, up to 20 users, up to 30 users, and up to 40 users. QuickBooks Online’s month-to-month subscription service starts at $30 a month (totaling $360 a year). Or, to save money, you can try QuickBooks’ typical offer of 50% off for three months (though choosing the discount waives your what does “lien amount” in the sbi mean free trial).

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4. Its additional reports include A/P and A/R aging details, transaction lists by customer, expenses by vendor, uninvoiced charges, unpaid bills, and expenses by supplier summaries.

QuickBooks Desktop offers more advanced inventory management features, job costing worksheets, sales orders, and highly customizable reports. I was impressed with how you could do batch invoicing, something QuickBooks Online doesn’t offer. If you choose to cancel your QuickBooks Online subscription, you will still have access to your QuickBooks Money account and data.

Granted, you don’t have to be an accountant to learn QuickBooks Desktop either, but if you are new to accounting, you will need a lot of time to learn the program. Even though QB Desktop has more comprehensive features in general, there are some key features that only QuickBooks Online has, such as bookkeeping support. We recommend crunching the numbers to decide whether the online or desktop versions of QuickBooks are right for your specific business.

QuickBooks Solopreneur vs QuickBooks Online Simple Start

Read our comprehensive QuickBooks Online review to decide if this popular accounting software is the best choice for your needs and budget. For $27.50 per month for the first three months, then $55 per month after that, get up to three users, manage and pay bills and track time with its Essentials plan, which is its most popular plan. QuickBooks Online and QuickBooks Desktop operate on true double-entry accounting principles and have both accrual and cash-basis accounting.

Not sure which QuickBooks Online plan you need? We can help.

If neither of these options seems to be the right fit or you’re just exploring your options, make sure to check out our list of the best accounting software for small businesses for more great options. With QuickBooks Desktop, users receive some of the most developed accounting tools on the market. The software offers comprehensive features, unique touches (such as lead management and sales orders), industry-specific versions of the software, and the potential to be more secure. If you go with QuickBooks Desktop Pro or Premier, a payroll add-on is available for an additional monthly fee.