It makes sense for Inquit (QuickBook’s parent company) to make a version of their account software for many different audiences so that the capture as much of the accounting market as possible. As I would hope many of my readers’ companies are, Intuit is in business to make money and provide the best service to the most amount of people they can. In this blog post, I’m going to break down the different versions of QuickBooks and how to figure out which one is right for you.
The first thing I can say about choosing your QB version is if it aint broke, don’t fix it. If you have QuickBooks essentials and there is no obvious reason for you to switch, then don’t! There is no single version of QuickBooks that is inheriantly better than another. Some have payroll support while others do not. Some allow you to track the value of a job but if you don’t need that feature, then having it doesn’t make your business any better. The business need must exist first and then the tool must be chosen to accomplish the task.
Any accountant that doesn’t think they have anything new to learn is not a good accountant. And good accountants help others. I wanted to share someone who provides accountants like us lots of online tools as well as educational services. His name is Hector Garcia and he runs Quick BookKeeping and you can find more information on him here: https://quickbooks-training.net/hourly-quickbooks-consulting-training-support/
Hector also runs a succssful youtube channel called Hector Garcia CPA.
He has provided a comparison of Quickbook plans and their features here.
As you can see in the spreadsheet linked above, QuickBooks online has 4 different plans. QuickBooks online is the version of quickbooks you access without having to install anything on your computer – you get to it from the browser. The prices quoted range from $300 to $1,800 per year. If you’re a savy shopper, you can find a special on your first 6 months that can knock it down to as low as 4.50/month. The most expensive plan, however, is QuickBooks Online Advanced at $1,800. Whatever your need may be, QuickBooks Online has an option for you.
Beyond quick books Online, there are Enterprise, Pro, Premier, and Desktop Account editions. Those editions vary from $250 per year all the way up to $1,800 per year. If you want to see how they all stack up against each other, please see the video below.