Which QuickBooks version suits your business the best?

 If you are reading this article, it means you are considering QuickBooks for your business. Indeed, QuickBooks is a great choice for your business. As accounting software, it helps business owners manage their accounting tasks with super ease that too at an affordable rate. But it is not the single version that suits each business type.



Let us see what are different versions of QuickBooks and how to choose the one for your business.

QuickBooks Formats

Firstly, we will discuss the types of formats of QuickBooks. There are two formats available:

  • Desktop Application: You can install or download this QuickBooks software application on a desktop computer to use. It comes in four editions:

  • Mac 

  • Pro

  • Premier

  • Enterprise

  • Cloud-Based: This format of Cloud based QuickBooks is accessible from any mobile device or desktop computer through an internet connection. It also comes in four editions:

  • Simple Start

  • Essentials

  • Plus

  • Advanced

How to choose the right QuickBooks Desktop version

 

QuickBooks Desktop is a robust solution for small to large business types dealing with products or services. Let us find out which version is suitable for you. 

  • QuickBooks Mac

If you are using the Mac operating system, QuickBooks Mac is ideal for you. It fits any business size having annual revenue of less than $1 million and requires only up to three QuickBooks user licenses. As far as its features are concerned, it allows you to integrate with your bank accounts, pay bills, and invoice customers, just like the rest of the versions of QBD. However, QuickBooks Mac does not have industry-specific versions.

  • QuickBooks Pro

QuickBooks Pro is designed to support the Windows platform. Any business type having annual revenue of less than $1 million and needs up to three users to access QuickBooks, can use QB Pro. Other than common features, QB Pro comes with 100+ customizable reports. It has tracking features that enable you to keep a track of the working hours of employees and contractors for easy billing. QuickBooks Pro also misses out on the industry-specific versions.

  • QuickBooks Premier

Suitable for small-to-medium-sized businesses, QuickBooks Premier is for industries that are non-profit, into manufacturing and wholesale, professional services, retail, and contractor-based.

QuickBooks Premier is a little different from QuickBooks Mac and Pro. You get a customized accounts chart, customized reports, a custom products and services list, and a forecasting tool. With QB Premier, you get up to five user licenses. 

  • QuickBooks Enterprise

As the name suggests, QuickBooks Enterprise is designed for enterprises and therefore includes all the features of other QuickBooks Desktop versions. In addition to that, there are more features like up to 30 user licenses, granular user access permissions (for more restrictive user permissions), mobile inventory barcode scanning, and enhanced pick, pack, and ship.

 

How to choose the right QuickBooks Online version

If you are a freelancer, solopreneur, or have a mid-to-large-sized business that includes employees or contractors, you can opt for QB Online. 

Different versions of QBO are designed to meet the unique requirements of businesses. Here is how you can choose which version fits you. 

  • QBO Simple Start

This basic version of QB is suitable for start-ups, freelancers, or sole entrepreneurs with basic needs of bookkeeping and having up to 4 employees. It enables you to create an unlimited number of customers and suppliers, manage payroll, quotes, and invoices, integrate with an unlimited number of bank accounts and cards, and get 20+ reports. 

  • QBO Essentials

It fits the business that is well grown and deals with a lot of accounting work involving accountants and sales staff. Apart from all the Simple Start’s features, it includes an invoice set up on a recurring schedule through email, supports multiple currencies, provides 40+ reports, access to up to 3 users, and payroll up to 7 employees.

  • QBO Plus

Being a higher-tier version, QBO Plus offers several features other than QBO Essential. It is available for up to 5 users, allows purchase order tracking, inventory tracking, time tracking, payroll up to 10 employees, and offers more than 64 reports.

  • QBO Advanced

QBO Advanced is the topmost version of the QBO. It includes all the features of QBO Plus and other great bonus features. If your business needs more than five users to access QBO, this version is for you.  needing access to their data. Additionally, you get some amazing features like Smart Reporting with Fathom, a dedicated account team, on-demand online training for your entire team, batch invoices, and expenses, and custom user permissions.

Summary

Every business has its own sets of requirements that distinguish it from others. Before you choose a QuickBooks version, you must discern your true needs. Hopefully, the details of the QB versions mentioned above will surely help you make the right choice.
Location: Augusta, GA, USA

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