At the Core pricing level, the automated tax filings, basic reporting features, and basic benefits management programs are enough to help a small business with a handful of employees. As a business grows and the HR requirements increase, the offerings at the Premium and Elite levels may align better. It also supports batch importing, to help a single user create, edit, and send multiple invoices, checks, expenses, or bills. You can also automate key accounting tasks such as setting reminders for invoices, payments, or deposits.
The Essentials plan is a great fit for growing small businesses that have an increased number of suppliers, employees, and clients. Reporting tools are available on the Simple Start plan but they are a bit limited. Vehicle tracking is included, too, should you need to invoice for fuel and driving time for any job.
Can I switch from QuickBooks Solopreneur to any higher version of QuickBooks Online?
When it seems like there is a business software application for everything, it pays to be choosy. QuickBooks Online payroll costs between $50-$130/month plus $6-$11/month per employee. If your small business needs a payroll solution, be sure to add this cost to the regular QuickBooks Online monthly fee. Read our complete QuickBooks Online Payroll review for the details, and be sure to visit the QBO website to see if Intuit is running a QuickBooks payroll discount before buying. While cost is an important consideration, it shouldn’t be the only deciding factor when evaluating your accounting software options.
Plans for every kind of business
Its basic plan is in line with QuickBooks Simple Start, at $15 per month. Along with a point-of-sale platform and payment processing, Square also offers a payroll service. If you are only paying independent contractors, you pay expenses vs. assets: what is the difference $6/month per contractor on your payroll. If you have employees as well, you pay $35/month plus $6 per employee/month.
You can switch plans or cancel at any time, allowing you to adjust to fit new business needs as you grow. In addition, more than 750 third-party apps can be connected to make QuickBooks Online even more powerful, some of which you may already be using in your business. To use many features of QuickBooks Online on your mobile device, sign in from your web browser and download the QuickBooks app. Multiple users can be signed in at the same time without any complicated network setup or expensive hosting service.
QuickBooks Online Payroll Pricing Plans Compared
QuickBooks Solopreneur is an easy-to-use version of QuickBooks for solo business owners. If you are a sole proprietor who uses Schedule C (form 1040), QuickBooks Solopreneur is designed for businesses like yours. You can upgrade from EasyStart to Essentials, Plus or Advanced, or from Essentials to Plus or Advanced.
Using QuickBooks Desktop?
- In this guide, we’ll break down QuickBooks Online pricing, including plans, key features, and alternative platform costs so you can decide which option is best for you.
- Essentials is preferable if you need to track unpaid bills, while Plus is great if you require inventory and project management.
- QuickBooks Solopreneur is a “lite” version of the online product that’s ideal for people who earn income from a variety of sources and helps to separate personal and business finances.
- The Projects tool helps you manage different jobs and projects for your clients and track costs related to labor and materials.
Simple Starts includes all the features from the Self-employed Plan but adds a range of helpful additions covering everything from basic bookkeeping to budgeting. However, note that there’s no direct data migration option available from QuickBooks Solopreneur to any higher version specific features of work with cash accounting in bookkeeping of QuickBooks Online. This means you must first cancel your Solopreneur subscription and then sign up for the QuickBooks Online version you wish to upgrade to.
She holds a Bachelor’s degree from UCLA and has served on the Board of the National how letters of credit work Association of Women Business Owners. She also regularly writes about business for various consumer publications. This section focuses more on first-time setup and software settings. Even after initial setup, the software must also let users modify information like company name, address, entity type, fiscal year-end, and other company information.
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