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| Online Essentials ($24.95 monthly) | Online Plus ($39.95 per monthly) |
Guided startup |
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Customer Support included and provided by Intuit |
| Email | Call-Back and chat |
Import data from QuickBooks - Desktop software(very important, if you cannot download your historical transactions, then you may lose past information that is important, who you can keep your vendor and customer names and addresses and chart of accounts - its worth the extra money for this feature) |
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Billings and Accounts Receivables |
Create and send invoices by email |
| Standard | Standard and customizable |
Charge sales tax |
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Track payments |
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Create estimates(important feature, do not overlook) |
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Time tracking and billing by customer |
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Delayed billing |
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Recurring billing |
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Accept credit cards from customers
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| Extra | Extra |
Online Banking, Expenses and Accounts payables |
Online Banking - - If you don't use QuickBooks to enter all of your payments (I recommend using online banking) then by using this feature, your payments and receipts do not have to be entered into your cash register when you use online banking. Instead of entering then, you only have to review them. When you download from your bank, (from participating financial service providers) QuickBooks is able to compare the bank's transactions to your transactions in QuickBooks and identifies differences. The program assists you in managing your cash flow, because you know which checks have cleared the bank, which helps you understand how much money you have in real time and makes monthly reconciliations easier and less time consuming. |
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Record bills now in accounts payable and pay later( very important, its worth the extra money to record your bills as you receive them daily and pay later or when cash available,otherwise you may misplace or lose a bill) |
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Automated online banking — for bank and credit cards( very important, if you can automatically download then you can save hours reconciling your bank and credit card statements..its worth the extra money to have this feature)
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Financial Reporting |
Generate, customize, print, and
e-mail reports |
| 40 standard reports | 65+ standard reports |
Send reports to Microsoft Excel ( This is also a very important feature and should not be over looked) |
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Class tracking - categorize income & expenses you want to track profit by division,job,real estate project, get the picture, this too is worth the extra money) |
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Track multiple locations |
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Budgeting - You can use a budget to estimate future income and expenses. Moreover, Online Plus budgets' uses a format similar to a spreadsheet, with a horizontal row for each of your income and expense accounts, and vertical columns for each month or quarter. This feature is only in Online Plus and it does not provide a budgeted balance sheet or statement of cash flows. Also, there is no ability to budget or project based on allocations. You have to enter numerical amounts within the spreadsheet type interface. However, you can insert different amounts for each month as well as replicate monthly amounts in their spreadsheet like interface for any given number of months.
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Payroll and 1099s |
Manage Payroll |
| Add-on (30-day free trial) | Add-on (30-day free trial) |
Time tracking |
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Prepare and print 1099s (very important, otherwise you will have to pay someone hundreds of dollars or spend a lot of time entering 1099 info into Excel ,if you many subcontractors) - The IRS requires that a taxpayer issue a 1099-MISC form for nonemployee compensation providing the payments are to any noncorporate entity were equal to $600 or more for services rendered. This too, is an important feature needed by most small businesses and will become even more important in the future, as more and more payments need to reported to the IRS. You must mail these forms to vendors by January 31 for payments made in the previous tax year. Don't forget that you must also mail these forms to the IRS by February 28 along with a Form 1096. |
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# of users and access |
Connect multiple users from different locations |
| 3 users
+ your accountant | 5 users
+ your accountant
More users for an
additional cost |
Give your CPA or accountant access to your books |
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Set your user permission levels |
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