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.
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.
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.
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.
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
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.
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/
BAS Agent and Bookkeeping