Quickbooks is an accounting software designed for small businesses to manage sales and expenses and keep a history of daily transactions. We can use it to (By Quickbooks we can) give the invoice to customers, pay bills, generate reports, tax filing and much more…there is no version of Quickbooks accounting software that is free. For understanding, Intuit offers a free trial of 15-30 days which allows accountants to access it. Below we will discuss the features and price of QuickBooks Online apps.

There are four types of the version available in QuickBooks Online. The first one is a simple start, the second one is essentials, the third one is plus and the last one is advanced. The monthly pricing is below between $20 and $150. QuickBooks offers us monthly paid service. So the annual contract is not required. You can choose the best plan for your business to depend upon the number of users you need.

Features and Price of QuickBooks Online Apps

QuickBooks Online Simple Start

A simple start is the entry-level Quickbooks plan. This plan is best for those who pay all the bills online and sell services only. This plan is not good for those businesses who manage multiple users, track billable time or manages multiple currencies if these factors are required in your business then you can buy another plan. 

The price of this plan is $20/mo that provides one user and two accountants.

Some great features of QuickBooks online simple start plan are
  • Unlimited invoices and estimates
  • Live bank feeds
  • Expense tracking
  • Contact management and much more…

QuickBooks Online Essentials

QuickBooks Online essentials provide all the features of Simple start with extra features for a business that needs more features that provide in the simple start. This plan is best for small businesses. In this plan, you can not only track income and manage accounts but also track the money owed to the suppliers. we also give permission to other people to access our data. In this plan, we get a great feature by which we can track income and expenses in multiple currencies It has a feature that can automatically update exchange rates throughout the day.

The price of this plan is $35/mo that provides three users and two accountants.

Some great features of QuickBooks online essentials are-
  • Expense tracking
  • Time tracking
  • Unlimited invoices and estimates
  • Reporting
  • Track incomes and expenses in multiple currencies.

Quickbooks Online Plus

QuickBooks online plus provides all the features of both Simple start and essentials plan with extra features for a business that needs more features that provide in both plans. It is best for those who have a small business in which they sell products and provide services too. With the help of QuickBooks online plus, we can track inventory costs and quantities and create purchase orders. In this plan, we can measure the profitability of the work performed and also organize income, expenses and time by the project.

The price of this plan is $70/mo i.e almost double the cost of QuickBooks Essentials and triple of QuickBooks Simple Start plan.

Some great features of QuickBooks Online Plus are-
  • Project management
  • Live bank feeds
  • Accounts payable
  • inventory

QuickBooks online Advance

QuickBooks online advance provides all the features of Simple Start, Essentials and plus with additional features. This plan is best for mid-market-size businesses. QuickBooks online advance has a great feature named accelerated invoicing that allows us to create multiples of invoices at once or import hundreds of invoices at once via excel import. This feature is very useful for us because we can manage a higher volume in a fraction of the time.

The price of this plan is $150/mo.

Some great features of QuickBooks Online advance are-
  • Custom user permission
  • Accelerated invoicing
  • Custom user permissions
  • A dedicated account manager

Top QuickBooks Online App

Expensify – A QuickBooks App for expenses

Expense management has never been so easy. Those days are gone of saving receipts for a week until you file an expense claim. And then waiting around for that to be processed by the accounting department. With Expensify you can simply take a photo of your receipt, upload it to the app, fill it in some few boxes and it can then be approved with a click of a button. Everyone saves time, expenses get properly logged and you don’t have to shift for the receipts at the end of every month and panic about how repayment all of these claims at once will affect your cash flow.

TSheets –  A QuickBooks App for time-tracking

Tsheets is one of the highest and most rated apps in the ecosystem thanks to the fact that is entirely customizable to the needs of your business. You can track employees when they are working in or out of the office thanks to GPS tracking, schedule shifts, create a job, costing reports and benefits from the real-time reporting that goes along with it.

Fundbox – A QuickBooks Apps for finance

Fundbox is a short term financing solution that works by the underwriting invoice due for payment. By linking to QuickBooks, Fundbox creates a risk profile for each individual invoice and approve those that are eligible for funding. The full value of an approved invoice can be deposited into your account the next business day, borrowers have 12 weeks to repay the loan and are charged a flat-rate monthly fee. The monthly fee structure means that the borrowers are rewarded for early repayment and it’s ideal for bridging short term cash gaps.

 Final Note:

Using QuickBooks Online means so much more than just accessing your account from anywhere, anytime. It also opens an unlimited world of possibilities thanks to the app store. Which boasts hundreds of QuickBooks app all designed to help you customize an integrated package to fit your business needs.

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