QuickBooks Online is an accounting software ideal for small and growing business. It has a wide array of valuable features, from tracking income, expenses, time, miles, products, and project profitability, to automating estimates, invoicing, and payments. Business owners and service providers can organize their finances, maximize tax deductions, and collaborate with other users easily using the software that works on different platforms and devices.
Features, Benefits, Strength
- Income and Expense Tracking ‚Äì QuickBooks Online helps users know where their money is going. By connecting it to your bank, credit cards, PayPal, and other sources, it can automatically organize transactions and sort them into tax categories. You can snap and save photos of receipts with its mobile app, and it will match the receipt information to an existing transaction. A new feature allows you to track project profitability and job costing. Dashboards and reports show if income exceeds costs. When connected with Payroll and TSheets, it can provide profitability insights and show where profit is trending across projects so you can make informed decisions. It can also track miles, categorize it as business or personal trip, and track time to add billable hours to invoices. It can also track sales and sales tax, products for inventory, cost of goods, and more.
- Invoicing and Payments ‚Äì The online accounting software opens more payment methods where customers can pay online, via credit cards, debit cards, and ACH bank transfers. You can accept payment directly from your online invoice. It is easy and quick to create professional-looking invoices from templates and then customizing with your logo and colors. Other features include recurring invoice, automatic addition of billable hours to invoice with integration to Google Calendar, TSheets, or QuickBooks time tracking, automatic payment matching, and notifications when invoices are viewed and paid. It also has automated payment reminders. You can send estimates and then easily convert estimates to invoices, too.
- Tax Deductions, Multiple Users, Reporting, and more ‚Äì QuickBooks helps users find additional tax savings. You can use its built-in tax categories or create your own so that business expenses are sorted automatically when tax time comes. You can invite your accountant to access your books for collaboration, or give employees specific access to features. Run different types of reports, such as profit and loss, expenses, or balance sheet, or create your custom reports. Manage 1099 contractors by assigning vendor payments, and sending, tracking and e-filing 1099 forms for compliance directly from the software. New features included in recent updates include performance enhancement on reports, multilingual invoicing support and enhanced custom fields. Native mobile apps and integrations to popular apps, such as PayPal, Square, and Shopify are available.
QuickBooks Online offers five plans. It is currently offering a 50 percent discount for 3 months. All plans include receipt capture, expert support, and integration. For Small Business, it has the Simple Start plan usually priced at $25 per month, but is now $12 per month. It includes for 1 user, includes income and expense tracking, invoicing and payments, basic reports, and other features. The Essentials plan is now at $20 per month, and includes for 3 users, all Simple Start features, and additionally bills management and time tracking. The higher plans Plus at $35 per month, and Advanced at $75 per month, includes most of the features, including up to 5 and 25 users respectively, advanced reports, additional tracking features, and priority support. Then there is also a Self-Employed plan for freelancers at $5 per month. It includes basic features such as income and expense tracking, quarterly tax estimates, invoice and payments, miles tracking and reports. A free trial is offered for 30 days.
Social Network Presence
QuickBooks Online accounting software is best for small to mid-sized businesses. New businesses, professional services providers, field services, product sellers whether instore, online, or wholesale, and non-profit organizations can get the most value in using the software.
Supports English, French, Italian, Portuguese (Brazil), Spanish, and Traditional Chinese.
Some of their Clients
Clients include Soul to Sole,TruEdge Builds, Styer Landscaping, and LiteLume.
Jono states that QuickBooks Online allow them to continue to tweak each individual market, giving them the opportunity to grow in whatever direction they choose. And they will be able to use the same accounting software into the future.
Todd Mason states that he loves that he can drill down to a certain time, client, dollar amount, and get the right information he is looking for. It is very easy and convenient to use, without having to struggle.
Why QuickBooks Online
QuickBooks Online is a software solution that can help users be organized, orderly, and accurate in dealing with their finances, expenses, payments, and taxes. It helps them save precious time by eliminating multiple data entries, chances of errors, and with automation. It also organizes and centralizes data to provide accurate financial information that provides users with insight and allow them to make timely informed business decisions. It is highly accessible, easy to use, and collaborative, with bank-grade security features.
QuickBooks is owned by Intuit, a publicly traded company (INTU) with headquarters in Mountain View, CA, USA and other offices in the US, Canada, UK, France, Brazil, India and Singapore. It was founded in 1983 by Scott Cook and Tom Proulx, the author of Quicken. In 1993, it went public and use its IPO proceeds to make acquisitions and launched new web-based products and solutions. It continues to provide solutions to financial problems for its 50 million customers worldwide, to stay true to its mission of powering prosperity.
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