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28 April
2017
SMALL BUSINESS TOPICS
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Is Quickbooks Online the program for you?

Is Quickbooks Online the program for you to use?

This question might arise after looking at a number of online accounting packages and getting confused as to which accounting platform might be right for you.

Quickbooks Online is a very popular choice, basically because there are so many great features at a responsible price.

Let’s discuss which level suits what industries and business owners.

 

Which Quickbooks Online plan is best

Simple Start $16 month

If you are just looking for a mobile app where you can invoice and record your expenses on the go, then this will suit you.

Bank feeds can be connected

There are limited reporting functions

Bank reconciliation can all be completed online via desktop or mobile app.

Free payroll

Quotes

One user + 2 accounting firms can connect to this package.

It’s good for micro and startup level business, freelancers, mum and dad sole-trader businesses that run out of home.

Cost effective, easy to use with all the basics you need to keep track of your income and expenses.

 

Essentials $25 month

This is like what it’s called, a package with all the essentials.

You get all the of above plus a few additional features

3 users + 2 accounting firms

You can set monthly or recurring invoices / expenses to save in data entry

Handles multi currency

Set what users can or cannot see

More financial reports are available

Good choice if you are GST registered, have fixed priced monthly invoicing / expenses and have multiple users that need to access your online accounts.

Small Business owners in trades or professional services would love this package.

 

Plus $35 month

Again there are some additional features in addition to essentials

5 users + 2 accounting firms

You can track billable time and expenses

You have inventory

Income / Store / location tracking

Purchase Orders

Budgeting

This package is a great all rounder for online business owners, etsy / ebay / shopify owners, small businesses with up to 10 employees and medium sized professional service owners would all be very happy with this product.

 

 Why connect your bank feeds?

Can I convert to Quickbooks from MYOB, Xero or Reckon?

Up to 2 years for free can be converted to Quickbooks

Quickbooks Essentials and Plus versions are only applicable for the free conversion.

Click over to our Resources Page for Quickbooks and request a free 30 minute consultation today http://myofficebooks.info/quickbooks-online/

 

Amanda Hoffmann is a registered BAS Agent No.18613005, Associate of Finance, Xero Certified, Myob Essentials and Quickbooks partner.

She says she is more than just a bookkeeper with experience in real estate investing, social media, podcasting and blogging.

Amanda loves to teach smart, easy online cloud solutions and can show you how much fun bookkeeping can be. Follow her on social media and say “Hi”



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