All QuickBooks Online products have the same interface, and so do all the QuickBooks Desktop products. There are also available free online training resources that you can use to get up to speed quickly. A seasoned small business and technology writer and educator with more than 20 years of experience, Shweta excels in demystifying complex tech tools and concepts for small businesses.
QuickBooks Enterprise also offers much better customer support than QuickBooks Pro or QuickBooks Online with its Priority Circle customer support. QuickBooks Solopreneur’s features are designed specifically for freelancers to address needs such as estimating quarterly taxes, filing Schedule Cs, and tracking deductions. You can easily separate personal and business expenses, which is ideal for freelancers who don’t have separate business bank accounts.
Project Management
In terms of accounting, QuickBooks Pro is one of the most developed solutions available, boasting a chart of accounts, journal entries, bank reconciliation, 130+ reports, and more. Not only does Quickbooks Solopreneur help freelancers navigate the scary waters of estimated quarterly taxes, but it also gives them basic bookkeeping tools to track income and expenses. The downside of QuickBooks Online is that customer support is a bit lacking, and the subscription fee can be a bit expensive for smaller businesses in need of advanced features. With strong accounting capabilities, impressive features, 750+ integrations, and fully-featured mobile apps, it’s no wonder QuickBooks Online is one of our top accounting recommendations.
While we don’t recommend using Excel as your base bookkeeping program, we do have a guide on how to use Excel for accounting. Our comparison of QuickBooks Online vs Excel will help you better understand the differences between the two programs. By managing all of your cash inflow and outflow activities in QuickBooks, you can print financial statements that provide useful information about how your business is performing.
- When you are free of financial worries, you can focus on driving business growth and revenue.
- Larger businesses will be looking at QuickBooks Premier, QuickBooks Enterprise, or the QuickBooks Online Advanced plan, depending on the number of users they need.
- If you outgrow any service, you can choose to remove or upgrade it as needed.
- QuickBooks Online offers various comprehensive features such as invoice and payment, automated bookkeeping, mileage tracking, inventory management, and more.
- Advanced Pricing / Control, customize, and automate pricing is included in the Platinum and Diamond subscriptions only.
However, creating a solid accounting database in Excel requires a thorough knowledge of how to set up spreadsheets and all the formulas that may entail. Again, QuickBooks has many reports available to analyze your bills and expenses. If you have a record of bills available, you can track upcoming payments easily to ensure timely payments of bills. Terms, conditions, pricing, special features, and service and support options subject to change without notice. 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.
QuickBooks Solopreneur: Best For Freelancers
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. Merchant Maverick’s ratings are not influenced by affiliate partnerships. However, QuickBooks Pro’s features do come at a price, as this software has a steep learning curve. If you’re new to accounting software, it’s important that you have the time to commit to learning the software. If not, QuickBooks Online is much more user-friendly, even for accounting newbies.
Level Up Your Business Today
Plus, with access for up to 40 users, Enterprise can scale with your business as it grows. QuickBooks Online is cloud-based accounting software for what is a statement of shareholder equity small and medium businesses. Its features, such as workflow automation, multi-currency support, and bookkeeping automation, make daily accounting processes effortless for businesses. QuickBooks Online Plus adds essential business tools like inventory tracking and project management. Intuit QuickBooks Online has four plans that can accommodate small, midsize and large businesses.
QuickBooks Mac Plus is set up in a similar way to QuickBooks Pro or Premier but is easy to use, much like QuickBooks Online, offering users the best of both worlds. QuickBooks Solopreneur offers basic features at a cost-effective price. Businesses that require multiple users or want more accounting features will benefit more from using QuickBooks Online. QuickBooks Solopreneur (formerly QuickBooks Self-Employed) isn’t quite accounting software.
After making the payments, it automatically tracks the owed amount and its due date. QuickBooks Online is an accounting application mainly suitable for small—to medium-sized businesses. It offers workflow automation, billing management, expense tracking, inventory management, invoicing, and tax management features. QuickBooks offers more — and better — reports than nearly any other accounting software provider. With the Simple Start plan, QuickBooks’ software will generate cash flow statements, income statements and balance sheets.
