There is a lot of confusion out there about what QuickBooks Online Advanced is and what is not. For a little context, QuickBooks Online offers 4 versions of the software:
$25/month: QuickBooks Simple Start
$40/month: QuickBooks Essentials
$70/month: QuickBooks Plus
$150/month: QuickBooks Advanced
In this article, I am going to compare the feature set of the different versions starting from Simple Start to Advanced.
QuickBooks Online Simple Start has these core features:
Track Invoices, Checks, and Expenses
Capture and Organize Receipts and other attachments
Accept Online Payments (with approved QuickBooks Payments account) at 2.75% for credit card payment
Track miles
Create and Send Estimates
Track Sales Tax
Manage 1099 contractors (additional fee to create/file 1099-MISC forms)
Connect to banks and download transactions
Basic Financial Reports
Access to 1 user + 2 External Accountants
QuickBooks Online Essentials, has all the features of QuickBooks Online Simple Start, and:
Manage Accounts Payable (Bills)
Track time (timesheets)
Access to 3 users + 2 External Accountant
QuickBooks Online Plus, has all the basic features of QuickBooks Online Essentials, and:
Access to 5 users + 2 External Accountant
Track Project Profitability (Job Costing)
Create Purchase Orders
QuickBooks Online ADVANCED, has all the basic features of QuickBooks Online Plus, and:
Number of users is now up to 25 + 3 External Accountants
Additional customizable user permissions by role
Unlimited active accounts in the Chart of Accounts (limited to 250 in all other versions)
Unlimited Classes and Locations (limited to 40 total in all other versions)
Accelerated Invoicing: Import Invoices from CSV File and Batch Enter Invoices
Batch Enter Checks and Expenses
Customizable Workflows
Fathom Reporting App Included with the subscription ($40 a month value)
Enhanced Custom Fields: ability to search, sort and filter reports by custom field and customizable format for custom fields such as date, drop-down menu, etc.
Export Reports to Google Sheets
Revenue Streams reporting module: compare your income using multiple dimensions
There you have it!
Comments