What is Intuit Quickbooks?
Intuit QuickBooks is a cloud-based accounting software designed with small businesses in mind. Its easy-to-use interface allows users to manage their organization’s finances—from anywhere, at any time, on any device.
The application makes accounting easy; you can manage your business on the go, in real-time. You can create invoices, create images of receipts, and manage bills. The QuickBooks mobile app allows you to control your bookkeeping with the use of your smartphone.
An extensive dashboard provides a transparent view of your organization’s income, expenses, and any outstanding invoices. With QuickBooks, you can manage, request, and pay your accounts payable and receivable, while adhering to tax and regulatory compliance.
You can organize your expenses easily by connecting your bank and credit card accounts. One-click reporting gives you a real-time, instantaneous look at how your organization is performing. Your balance sheet and profit and loss are easily observed with QuickBooks.
What popular features do you get with Intuit Quickbooks?
- Income and expenses auto-tracking
- Send and accept invoices/payments
- Cash flow management
- Real-time inventory tracking
- Expense scanning
- Bill organization
- Workflow automation
- Pay employees and contractors
- Project profitability tracking
Customer Support is available at Intuit Quickbooks
QuickBooks offers several customer service solutions for its paying customers. There are featured articles on the main website, ranging in topics. Some include account management, banking, expenses and vendors, invoices and payments, sales and customers, and taxes.
There are also educational tutorial videos available that cover the basics of the software. For more interactive help, 1-hour webinars help you become familiar with QuickBooks. A community forum exists for those that need it as well.
If none of these customer support offerings is adequate, there’s a dedicated customer support team. You can call a representative, or engage through live chat.
What kind of business is Intuit Quickbooks ideal for?
Like other accounting and bookkeeping products, Inuit QuickBooks is a scaled solution. It has several pricing plans that affect the features and functionality of the application. This makes it an ideal software for a variety of different organizations and industries.
QuickBooks is most popularly used by small and medium-sized businesses, but there are also plans for enterprise-level companies. Here is a list of some of the industries the accounting solution is ideal for:
- Manufacturing and wholesale
- Professional services
Pros and Cons
- Real-time, accessible accounting and bookkeeping solution
- Extensive record-keeping
- Over 650+ different business app integrations
- Powerful business insights dashboard
- Lowers back-office expenses
- Improves operational efficiency
- Streamlines accounting workflows
- There’s no free option
- Plans can get expensive for smaller SMBs who need certain features
- Doesn’t integrate with Slack directly
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How much does Intuit Quickbooks cost?
*based on information provided by the vendor. Actual cost may vary.
Because QuickBooks is scaled in its offerings, there are several pricing plans—four to be exact. There’s the Simple Start plan, the Essentials plan, the Plus plan, and the Advanced plan. Each plan offers a different level of features, functionality, and users.
The Simple Start plan costs $25 per month* and can only be used by one user. This makes it a budget option for smaller-sized businesses that need to minimize expenses. Some of the features of this plan include:
- Income and expenses
- Invoice and payments
- Tax deductions
- General reports
- Receipt capture
- Mileage tracking
- Cash flow
- Sales and sales tax
The next cheapest QuickBooks option is the Essentials plan, coming in at $50 per month*. It has all of the features of Simple Start, but also includes bill management and ‘enter time.’ This is a time-tracking feature, which is useful because the Essentials plan can be used by three users.
The most popular QuickBooks offering is the Plus plan, which costs $80 per month*. It can be used by up to 5 users and adds inventory and project profitability features to the mix. This pricing plan is a fantastic option for SMBs that have gotten off the ground.
If you’re a larger SMB, the most expensive Advanced plan might be for you. It’s priced at $180 per month* and can be used by up to 25 different users. This plan adds a host of extra features and functionality, including:
- Employee expenses
- Batch invoices and expenses
- On-demand training
- Excel business analytics
- Data restoration
- Dedicated account team
- Workflow automation
- Exclusive premium apps
- Customized access
There’s also an optional payroll feature for those that need it. It’s an additional cost on top of the regular pricing plan you choose. There are three different payroll plans available: Payroll Core, Payroll Premium, and Payroll Elite.
Payroll Core costs $45 per month* and an additional $4 per month* for each employee. If you have ten employees, that would be $40* on top of the $45 per month*, for a total of $85 per month*. Some of the payroll features include:
- Auto payroll
- Health benefits for your employees
- 401k plans
- 1099 E-File & pay
- Expert product support
- Next-day direct deposit
Payroll Premium costs $75 per month* and bumps the per-employee cost to $8 per month*. An organization with ten employees would pay $80 per month* for its employees, and $75 per month* for the software. Included in this payroll plan are these additional features:
- Same-day direct deposit
- HR support center
- Expert review
- Workers’ compensation administration
- Track time on the go
Payroll Elite is $125 per month* and costs $10 per month* for every additional employee. If you had ten employees, you’d pay $100 per month*, along with $125 per month* for the application. As the most expensive plan, it has several advanced features:
- Personal human resources advisor
- 24/7 expert product support
- Expert setup from a payroll specialist
- Up to $25,000 tax penalty protection
- Project tracking and management from anywhere
What pricing plans your organization needs depends on several factors, such as its size and number of employees. The type of business that you run might also affect what plan you need. For instance, you might sell a physical product and need inventory features and functionality.
Intuit QuickBooks is a scalable accounting software solution that has several pricing plans. There are a lot of variables that could affect how much your cost is. Make sure to contact a sales representative; this will give you the most accurate assessment.
Intuit QuickBooks is a flexible accounting and bookkeeping software that can improve your organization’s back-office operations. With it, you can easily and effortlessly manage your finances.
This is a cloud-based application that’s suitable for SMBs of all sizes and industries. If you’re looking for an online accounting solution that can save you money and increase productivity, QuickBooks can help you.