QuickBooks is a line of business accounting software developed and marketed by Intuit. It simplifies accounting for non-accountants who have to perform essential financial functions like billing, expense tracking, payroll and reporting.
QuickBooks Online operates entirely in the cloud.QuickBooks Enterprise is a more advanced desktop-based solution designed for businesses managing large transaction volumes, inventory workflows, or multiple locations.
QuickBooks Pricing
It’s more expensive than a lot of entry-level accounting tools, but QuickBooks Online’s automation and depth of reporting justify the cost for most businesses.
Solopreneur
- $20 per month
- Income and expense tracking
- Invoices and estimates
- Receipt capture
- Mileage tracking
- Tax deduction tools
Simple Start
- $35 per month
- AI-powered automation
- Unlimited invoices
- Basic reports
- Sales tax tracking
- 1099 preparation
Essentials
- $65 per month
- Three users
- Time tracking
- Bill pay
- Multicurrency support
- Enhanced reporting
Plus
- $99 per month
- Five users
- Inventory tracking
- Project profitability
- Financial planning tools
Advanced
- $235 per month
- Up to 25 users
- Batch invoicing
- Fixed asset tracking
- Workflow automation
- Smart reporting
Who uses QuickBooks software ?
QuickBooks Online is ideal for small to midsize businesses that require shared access to financial data. According to users, the majority of customers work with 2 to 50 employees.
It is popular with service providers, retailers, contractors and online shops. Refer clients that work with a distributed team or external accountants for real-time access and permissions.
QuickBooks Integrations
QuickBooks also works with hundreds of third-party applications. Common integrations include:
- PayPal
- Expensify
- Amazon Business
- Shopify
- Square
- Time tracking tools
- CRM platforms
These types of integrations reduces manual work, which is one reason QuickBooks consistently ranks.
How does QuickBooks work ?
You link your bank accounts and credit cards to QuickBooks. The system automatically imports your transactions and categorizes them with a combination of rules and machine learning.
From the dashboard, you generate invoices, keep tabs on payments and expenses. Reports are automatically updated and available so you can view profit, loss, cash flow and tax readiness without any extra effort.It is useful for expense categorization, and reconciliation.
Is QuickBooks Right for You ?
If you’d like one system to manage invoices, expenses, reporting and tax preparation support, opt for QuickBooks.
It is a great choice for businesses that
- Need automation to save time
- Work with external accountants
- Manage inventory or projects
- Operate in multiple currencies
- Want scalable accounting software