However, note that there’s no direct data migration option available from QuickBooks Solopreneur to any higher version 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. This allows you to compare the estimated costs and revenues of your projects against the actual numbers incurred throughout the completion of the project.

Is QuickBooks Online a better deal than QuickBooks Desktop?

Most integrations come with monthly subscription fees, so be sure to account for these extra costs when calculating your total costs for QBO. 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. QuickBooks Online Plus (not to be confused with QuickBooks Desktop Pro Plus) includes five users and advanced features. To accurately compare top accounting software, the Tech.co research team picked out the eight core categories to divide their efforts along, from help and support to accounts payable tools.

How We Evaluated QuickBooks Online Plans

1. Previously, QuickBooks users also had the option to purchase a one-time license.
2. Its basic plan is in line with QuickBooks Simple Start, at $15 per month.
3. If you want to give QuickBooks a try before buying, you can sign up for a free 30-day trial or use the company’s interactive test drive that’s set up with a sample company.
4. 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.

Plus includes inventory accounting that allows you to monitor stock items and quantity—a necessity if you’re selling products. It also lets you update inventory costs and quantities, separate taxable from nontaxable items, and set up alerts if you’re running out of stock. Most importantly, Plus will separate the cost of your ending inventory from COGS using first-in, first-out (FIFO). You’ll need to make this tedious calculation in a spreadsheet if you choose a lower-tier plan.

If you want the benefits of QuickBooks Premier Plus with QuickBooks Enhanced Payroll, sign up for reference ranges for blood tests the QuickBooks Premier Plus + Payroll plan. QuickBooks Premier Plus + Payroll costs $1,049.99/year, although Intuit frequently offers significant discounts on this product. With three distinct QuickBooks Desktop options, the pricing structure can be confusing. What’s more, Intuit makes it incredibly difficult to track down prices for all the additional charges you may face.

What’s the difference between QuickBooks and QuickBooks Online?

To manage payroll through QuickBooks Payroll, you’ll need to pay a fee for this add-on service, with plans ranging from $45 to $125 per month, plus an additional $5 to $10 per employee per month. Whether you use QuickBooks Payments or another payment gateway, be sure to take potential credit card fees into account when calculating how much you’ll be spending on software each month. QuickBooks Online offers four pricing plans that start at $35/month and cost up to $235/month, depending on the number of features and users your business needs. Common payment processing options include PayPal, Stripe, Square, and Authorize.Net. QuickBooks Pro offers 14 payment processing integrations, or you can use QuickBooks Payments. QuickBooks Premier and Enterprise offer significantly fewer payment gateways, so you’re basically looking at QuickBooks Payments.

You’ll be able to track bills, set up recurring billing, track expenses, record payments in multiple currencies, and scan bills to keep abreast of all the money your company is owed. 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. You can also create a supplier database and generate purchase orders to help manage your accounts payable. 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.

QuickBooks also offers connections to a variety of online payment processing services. PayPal and Square are included, as our integrations section above touches on, while Stripe and Authorize.Net are two more potential payment services. It’s one of the most popular accounting software options in the world, and our researchers ranked it the highest overall, meaning that it’s the top pick for the average business, small or large. QuickBooks Online pricing offers five main plans, plus a host of add-ons for an extra monthly charge.

FreshBooks is great for self-employed individuals, sole proprietors and independent contractors. It is incredibly user-friendly and easy to navigate, so if you are a sole proprietor looking for basic accounting software, FreshBooks will meet your needs at a relatively low cost. Its basic plan is in line with QuickBooks Simple Start, at $15 per month. All plans (except QuickBooks Simple Start) come with an unlimited number of time-tracking-only users.