A Guide To QuickBooks Online Pricing

Purchasing accounting software would be a whole lot easier if you just had a magic lamp. One rub, and voila! You’ve got the perfect software for you at the best price.

We don’t have a magic lamp for you, but if you’re wondering “how much does Quickbooks Online cost?” this post is the next best thing.

Read on for a breakdown of the three different QuickBooks Online (QBO) plans. We’ll discuss how to know which plan is right for you and what additional costs to expect so you can know exactly what you’re getting into before deciding to purchase QuickBooks Online.

Read on for more details about QB Online pricing!

QuickBooks Online Pricing

How much is QuickBooks Online? It’s a more complicated question than you might think. QBO offers three subscription plans, so there is no one QuickBooks Online price. Each tier gives you access to more features and users. Payments are made monthly, and no annual contracts are required.

QuickBooks is almost always offering a discount on their website, so be sure to check for any promotions before buying.

Note: Discounts are invalid if a customer uses the free 30-day trial before purchasing. Also, if you are switching over from QuickBooks Desktop to QuickBooks Online, you may be eligible for even better discounts. Contact the QuickBooks Online sales team for more details.

Simple Start Plan

Simple Start is the smallest QuickBooks Plan. The QuickBooks Online Simple Plan costs $15/mo and supports one user plus two accountants.

Here are the features that come with QuickBooks Simple Start:

  • Unlimited invoices and estimates
  • Contact management
  • Expense tracking
  • Live bank feeds
  • 27 reports
  • 200+ integrations

Essentials Plan

The QuickBooks Essentials Plan costs $35/mo and is a step up from the Simple Start plan. QuickBooks Online Essentials comes with three users plus two accountants and more features.

Here are the features you get with QuickBooks Online Essentials:

  • Unlimited invoices and estimates
  • Contact management
  • Expense tracking
  • Live bank feeds
  • 53 reports
  • 200+ integrations
  • Accounts payable
  • Time tracking

Plus Plan

QuickBooks Online’s largest plan, QuickBooks Plus, costs $50/mo. QuickBooks Online Plus (not to be confused with QuickBooks Desktop Pro Plus) offers five users plus two accountants and the most advanced features.

Here are the features that come with QuickBooks Plus:

  • Unlimited invoices
  • Unlimited estimates
  • Expense tracking
  • Live bank feeds
  • 75 reports
  • 200+ integrations
  • Accounts payable
  • Time tracking
  • Project management
  • Inventory
  • Class tracking
  • Tax support

Which QBO Version Is Right For Me?

When deciding which version of QuickBooks Online is best for your small business, it should come down to your business’s need and budget. Here’s a breakdown of how the Simple Start, Essentials, and Plus plans compare:

Simple Start Essentials Plus
Pricing $15/mo $35/mo $50/mo
Tech Support Included Included Included
Invoicing ✓ ✓ ✓
Contact Management ✓ ✓ ✓
Expense Tracking ✓ ✓ ✓
Number Of Reports 27 53 75
Time Tracking ✘ ✓ ✓
Accounts Payable ✘ ✓ ✓
Project Management ✘ ✘ ✓
Inventory ✘ ✘ ✓
Tax Support ✘ ✘ ✓

Now that you can clearly see the difference between each QuickBooks Online plan, ask yourself these questions:

  • Which features do I need to run my business?
  • How many users do I need?
  • How much can I afford to spend each month?

These questions should help you narrow down which QuickBooks Online plan is right for you.

Additional Fees

In addition to the monthly subscription price, there are a few other QuickBooks Online charges to be aware of. Intuit is not always the most forthcoming about these extra fees, which is why we want to highlight them now. You should know exactly how much QuickBooks Online is going to cost before you commit to a plan.

Additional Users

As we mentioned earlier, QuickBooks Simple Start supports one user, QuickBooks Essentials supports three users, and QuickBooks Plus supports five users.

However, if you have the QuickBooks Plus plan, you can add up to 25 users for an additional cost. Here’s how additional users will affect your overall monthly price.

  • 0-5 Users: $50/mo
  • 6-10 Users: $65/mo
  • 11-25 Users: $95/mo

There is a slight discount on additional users if you pay annually instead of monthly. Contact QuickBooks for more details.

Payroll

QuickBooks Online offers two types of payroll: do it yourself payroll and full-service payroll. The self-service payroll option requires you to run payroll and file your payroll taxes on your own. With the full-service payroll option, QuickBooks does everything for you.

QuickBooks Online payroll costs between $39 – $99/mo plus $3/per employee. Intuit often runs payroll promotions for both existing QuickBooks Online users and brand new QuickBooks users. Be sure to visit their website to find a QuickBooks payroll discount.

Tax Forms

QuickBooks Online supports W-2s and 1099-MISCs. You can order tax forms directly from Intuit. The cost begins at $17.95 and varies depending on which form you need and how many. If you purchase QuickBooks Online payroll these forms may be included, depending on the payroll plan you choose.

Checks

You can purchase checks, voucher checks, business wallet checks, and more from QuickBooks. Standard checks begin at $56.99/per 50 checks. Prices vary by check type and amount.

QBO Add-Ons & Payment Gateways

In addition to the fees above, there are a few other extra costs you should consider before purchasing QuickBooks Online:

Add-Ons

Integrations are third-party add-ons that give you additional features and capabilities. For example, common software programs like Shopify, TSheets, and MailChimp are all integrations. QuickBooks Online offers 200+ integrations to choose from.

Most integrations come with their own monthly subscription fees, so be sure to account for these extra costs when calculating how big of a dent QuickBooks Online is going to leave in your wallet.

Payment Gateways

Payment gateways allow you to accept payments from your customers. Common payment processing options include PayPal, Stripe, Square, and Authorize.Net. QuickBooks Online offers around 10 payment processors or you can use QuickBooks Payments.

You can read our review of Intuit Merchant Services (QuickBooks Payments) for more information, but the basic charges are as follows:

  • $1.00 for ACH fees
  • 2.4% + $0.30 for swiped cards
  • 3.5% + $0.3o for invoices
  • 3.5% + $0.30 for keyed in cards

Whether you use QuickBooks Payments or another payment gateway, be sure to take potential credit card fees into account when calculating how much you’ll be spending on software each month.

Final Thoughts

Now that you know exactly how much each QuickBooks Online plan costs you can make an informed business decision about which version is right for you. Make sure to factor in the hidden costs!

If you want to learn more, read our complete QuickBooks Online review or get started with a free trial. If you still aren’t convinced that QuickBooks Online is the best choice for your business, check out our Complete QuickBooks Products Comparison Guide or take a look at the Best QuickBooks Online Alternatives.

Get Started With QuickBooks Online

The post A Guide To QuickBooks Online Pricing appeared first on Merchant Maverick.

“”

The Complete Guide To QuickBooks Desktop Pricing

A Quick Guide To QuickBooks Pro Pricing

The Price Is Right is more than just a funny game show; it’s a real principle that we judge nearly all of our purchases by. If the price is right, then it’s a good investment — if you don’t get enough bang for your buck, you’re likely to walk away and find something else.

If you’re considering purchasing QuickBooks, you’re probably wondering this same thing: how much is this going to cost me? And is that cost worth it?

With three distinct QuickBooks Desktop options, the pricing structure of QuickBooks Desktop can be confusing, to say the least. What’s more, Intuit makes it incredibly difficult to track down prices for all of the additional charges you may face. That’s why we’ve created this post. By the end, you’ll know how much QuickBooks Pro, Premier, and Enterprise cost and be aware of any additional fees you might encounter.

Read on to learn more.

QuickBooks Desktop Products

There are three different QuickBooks Desktop products: QuickBooks Pro, QuickBooks Premier, and QuickBooks Enterprise. These locally-installed desktop accounting programs are similar, with the same UI organization and design. What sets these three programs apart is their features, pricing, and target business type and size.

  • QuickBooks Pro: Ideal for small businesses with 1-3 users.
  • QuickBooks Premier: Ideal for small to medium businesses with 1-5 users.
  • QuickBooks Enterprise: Ideal for large businesses with 1-30 users.

In the next few sections, we’ll cover the pricing structures of QuickBooks Pro, Premier, and Enterprise in more detail. We’ll also discuss the features included with each product and give you some guidance on how to choose the right QuickBooks Desktop edition for your business.

QuickBooks Pro Pricing

You have two options when it comes to buying QuickBooks Desktop Pro (sometimes referred to as QuickBooks Desktop or QuickBooks Desktop Pro). You can either purchase a single QuickBooks Pro license or you can purchase an annual QuickBooks Pro subscription (called QuickBooks Pro Plus or QuickBooks Desktop Pro Plus). There are a few differences between the license and the subscription, which we will cover in more detail, but the main difference is the price.

QuickBooks Pro

A QuickBooks Pro license costs $299.95 on Intuit’s website. While you can purchase a QuickBooks Pro license elsewhere, Intuit often runs promotions where this cost is discounted.

A QuickBooks Pro license is good for three years, after which Intuit drops support for the product. You can still use the software after the three years are up, but the Intuit team won’t be able to help you if you have any questions or run into any issues. This license supports a single user and is locally-installed. You can install the product on up to three computers; however, this creates three separate company files, so your company file data will not be synced from computer to computer.

Here are some features that come with QuickBooks Pro:

  • Invoices and estimates
  • Contact management
  • Expense tracking
  • Journal entries
  • Chart of accounts
  • Accounts payable
  • Inventory
  • Project management
  • Time tracking
  • Reports
  • Budgeting
  • Tax support

For more features, read our complete QuickBooks Desktop Pro review.

QuickBooks Pro Plus

QuickBooks Pro Plus costs $299.95 each year. Instead of paying a one-time flat fee of $299.95, you’ll be paying for an annual subscription. The annual subscription comes with all of the same features as QuickBooks Pro, but you also receive:

  • Annual upgrades
  • Free phone support
  • Free automatic data backups

QuickBooks Pro Plus is also often discounted on the Intuit website.

QuickBooks Pro vs QuickBooks Pro Plus

When choosing between QuickBooks Pro and QuickBooks Pro Plus, it really comes down to your business’s needs and budget. As we mentioned earlier, each version comes with the same exact features, so the main difference is the price:

QuickBooks Pro QuickBooks Pro Plus
Pricing $299.95 $299.95/yr
Annual Upgrades $299.95 Included
Phone Support $89.95/3 mo Included
Data Backups $9.95/mo Included

If you plan to use a QuickBooks Pro license for three years before switching and don’t mind paying extra for phone support, QuickBooks Pro price is a more economical choice. However, if you want annual upgrades and anticipate needing a lot of customer support, QuickBooks Pro Plus might pay off in the end.

To determine which version is right for you, consider these questions:

  • Do I want annual upgrades or can I use the same edition for three years?
  • Do I have the budget to support an annual subscription?
  • Do I need phone support?
  • Do I want automatic data backups?

Additional QuickBooks Pro Fees

When considering purchasing QuickBooks, there are several additional fees to be aware of. Intuit isn’t always very forthcoming with these fees and their prices, which is why we wanted to share them.

QuickBooks Payroll

QuickBooks offers three payroll plans: Basic, Enhance, and Full-Service. QuickBooks payroll pricing ranges from $29/mo – $109/mo depending on your businesses needs. Each plan also charges $2/ per employee. Learn more about what each QuickBooks payroll plan offers.

Note: QuickBooks is often running payroll promos, so be sure to take advantage of any discounts offered.

Upgrades

QuickBooks Pro users can purchase an upgrade for $299.95. Annual upgrades are included with the QuickBooks Pro Plus plan.

Additional Users

Additional users cost $250/per user. There is a maximum of three users total for QuickBooks Pro and QuickBooks Pro Plus.

Tech Support

When it comes to customer service, most representatives all give you a different quote on how much support costs. There is only one fee that is consistent across the board: tech support is $89.95/3 mo.

QuickBooks Pro Plus comes with built-in tech support. Some QuickBooks Pro issues are also covered for free, like error codes and installation support.

Live Bank Feeds

Some banks charge a fee for connecting directly with QuickBooks via live bank feeds. This fee can run anywhere from $10-$15/mo depending on your banking institution.

Automatic Data Backups

Backing up a single PC costs $99.95/yr or $9.95/mo; backing up a company file costs $49.95/yr or $4.95/mo. Automatic data backups are included with the QuickBooks Pro Plus plan.

Hosting

If your company is in need of mobility and cloud capabilities, you can purchase online hosting at an additional cost. QuickBooks partners with Right Networks to provide hosting. Hosting costs an additional $450/yr per user.

Tax Forms

QuickBooks Pro supports W-2s, 1099s, W-3s, and 1096s. You can order tax forms directly from Intuit. The cost begins at $17.95 and varies depending on which form you need and how many. Tax forms are included with the Enhanced and Full-Service payroll plans.

Checks

You can purchase checks, voucher checks, business wallet checks, and more from QuickBooks. Standard checks begin at $56.99/per 50 checks. Prices vary by check type and amount.

Now you have a clear idea of exactly how much QuickBooks Pro costs. If you’re already sold on QuickBooks Pro, read our complete QuickBooks Pro review or go ahead and get started with the software. If you’d like to learn about the other QuickBooks Desktop pricing options, read on.

Read Our QuickBooks Pro Review

Get Started With QuickBooks Pro

QuickBooks Premier Pricing

QuickBooks Premier’s pricing structure is the exact same as QuickBooks Pro’s. There are two options when it comes to purchasing QuickBooks Desktop Premier. You can either purchase a QuickBooks Premier license (sometimes referred QuickBooks Desktop Premier), or you can purchase an annual QuickBooks Premier subscription (called QuickBooks Premier Plus or QuickBooks Desktop Premier Plus). There are a few differences between the license and the subscription, which we will cover in more detail, but the main difference is the price.

QuickBooks Premier

A QuickBooks Pro license costs $499.95 on Intuit’s website. While you can purchase a QuickBooks Premier license elsewhere, Intuit is often running promotions where this cost is discounted.

If you purchase a QuickBooks Premier license, the license will last you three years, after which Intuit drops support for the product. (You can still use the software for more than three years, but the Intuit team won’t be able to help you if you have any questions or run into any issues). This license supports a single user and, like QuickBooks Pro, is locally-installed onto a computer. Again, like you can with QuickBooks Pro, you can install the product on up to three computers, though you’ll run into the same problem with information syncing from one computer to another.

Here are some features that come with QuickBooks Premier:

  • Invoices and estimates
  • Contact management
  • Expense tracking
  • Journal entries
  • Chart of accounts
  • Accounts payable
  • Inventory
  • Project management
  • Time tracking
  • Reports
  • Budgeting
  • Tax support
  • Sales orders

For a full list of features, read our complete QuickBooks Premier review.

QuickBooks Premier Plus

QuickBooks Premier Plus costs $499.95 each year. Instead of paying a flat fee of $499.95, you’d be paying for an annual subscription. The annual subscription comes with all of the same features as QuickBooks Premier, but you also receive:

  • Annual upgrades
  • Free phone support
  • Free automatic data backups

QuickBooks Premier Plus is often discounted on the Intuit website.

QuickBooks Premier vs QuickBooks Premier Plus

Since both QuickBooks Premier and QuickBooks Premier Plus offer the same software features, which version is right for you will depend entirely on your business’s budget and needs. These are the main pricing differences between the two options:

QuickBooks Premier QuickBooks Premier Plus
Pricing $499.95 $499.95/yr
Annual Upgrades $499.95 Included
Phone Support $89.95/3 mo Included
Data Backups $9.95/mo Included

If you will use a QuickBooks Premier license for three years before switching and don’t mind paying extra for phone support, QuickBooks Premier could save you a big chunk of money. However, if you want annual upgrades and anticipate needing a lot of customer support, QuickBooks Premier Plus might be worth it in the long run.

To determine which version is right for you, consider these questions:

  • Do I want annual upgrades or will I use the same software for three years?
  • Do I have the budget to support an annual subscription?
  • Do I need phone support?
  • Do I want automatic data backups?

QuickBooks Premier Industry Editions

One of the biggest difference between QuickBooks Pro and QuickBooks Premier is that Quickbooks Premier offers six industry-specific version of the software in addition to the standard version. These industry editions add customized features and reports to better fit your businesses needs.

You can choose the Standard Edition of QuickBooks Premier or one of these six editions at no additional cost:

  • Contractor
  • Manufacturing & Wholesale
  • Nonprofit
  • Retail
  • Professional Services
  • Accountant

Visit QuickBooks Premier’s webpage to learn everything these versions are capable of.

Additional QuickBooks Premier Fees

QuickBooks Premier has almost all of the same potential additional fees as QuickBooks Pro, with a few minor variations in cost. Be sure to take these into consideration when determining how big of a dent QuickBooks Premier is going to leave in your wallet.

QuickBooks Payroll

QuickBooks offers three payroll plans: Basic, Enhance, and Full-Service. These plans range from $29/mo – $109/mo plus $2/ per employee. Learn more about what each QuickBooks payroll plan offers.

Note: QuickBooks is often running payroll promos, so be sure to take advantage of these discounts.

Upgrades

For Premier, the QuickBooks upgrade price is $499.95. Annual upgrades are included with the QuickBooks Premier Plus plan.

Additional  Users

Additional users cost $450/per user. There is a maximum of five total users for QuickBooks Premier and QuickBooks Premier Plus.

Tech Support

Like QuickBooks Pro, QuickBooks Premier tech support costs $89.95/3 mo. QuickBooks Pro Plus comes with built-in tech support. Some QuickBooks Premier issues are also covered for free, like error codes and installation support.

Live Bank Feeds

Some banks charge a fee for connecting directly with QuickBooks via live bank feeds. This fee can cost anywhere from $10-$15/mo depending on your banking institution.

Automatic Data Backups

Backing up a single PC costs $99.95/yr or $9.95/mo; backing up a company file costs $49.95/yr or $4.95/mo. Automatic data backups are included with the QuickBooks Premier Plus plan.

Hosting

If your company is in need of mobility and cloud capabilities, you can purchase online hosting at an additional cost. QuickBooks partners with Right Networks to provide hosting. Hosting costs an additional $450/yr per user.

Tax Forms

QuickBooks Premier supports W-2s, 1099s, W-3s, and 1096s. You can order tax forms directly from Intuit. The cost begins at $17.95 and varies depending on which form you need and how many. Tax forms are included with the Enhanced and Full-Service payroll plans.

Checks

You can purchase checks, voucher checks, business wallet checks, and more from QuickBooks. Standard checks begin at $56.99/per 50 checks. Prices vary by check type and amount.

Now that you know exactly how much QuickBooks Premier costs, you can make an informed decision about whether or not it’s right for you. If so, get started using the software right away, or read our complete QuickBooks Premier review for more details.

Read Our QuickBooks Premier Review

Get Started With QuickBooks Premier

QuickBooks Enterprise Pricing

Unlike QuickBooks Pro and Premier, QuickBooks Enterprise is only available through a subscription. For Enterprise, there are three QuickBooks price levels: Silver, Gold, and Platinum.

Each plan varies significantly in terms of feature availability and pricing.

Silver

QuickBooks Enterprise Silver starts at $1,100/yr. This number can vary significantly business by business.

The price ranges depending on how many users your business needs. You can calculate how much your QuickBooks Enterprise software will cost on the Intuit website by inputting in the number of users you need. (To give you an idea of how much this price fluctuates, one user on the Silver plan would cost $1,100/yr, while 30 users would cost upwards of $7,000/yr). Luckily, Intuit is often running promotions and discounts on the Intuit website.

Here are some of the features QuickBooks Enterprise Silver includes:

  • Invoices and estimates
  • Contact management
  • Expense tracking
  • Journal entries
  • Chart of accounts
  • Accounts payable
  • Inventory
  • Project management
  • Time tracking
  • Reports
  • Budgeting
  • Tax support
  • Sales orders
  • Advanced reporting
  • Lead management
  • Loan manager
  • Business plan tool

These features are available in every QuickBooks Enterprise subscription. Read our complete QuickBooks Enterprise review for more details.

Gold

QuickBooks Enterprise Gold starts at $1,100/yr. The price ranges significantly depending on how many users you need.

In addition to the basic QuickBooks Enterprise features, QuickBooks Enterprise Gold also includes payroll services.

Platinum

QuickBooks Enterprise Platinum starts at $1,760/yr.  Again, the price varies depending on how many users your business needs.

In addition to the features offered by the Silver and Gold plans, QuickBooks Enterprise Platinum adds advanced inventory and advanced pricing capabilities.

Note: With the purchase of any QuickBooks Enterprise plan, you receive Intuit Field Management access for a single user.

Silver vs Gold vs Platinum

If we’re talking about jewelry the answer is obviously platinum, but when it comes to accounting software the best QuickBooks Enterprise version is going to depend entirely on your business’s needs and budget. Here’s a breakdown of how each QuickBooks Enterprise plan compares:

Silver Gold Platinum
Pricing $1,100+/yr $1,430+/yr $1,760+/yr
Annual Upgrades Included Included Included
Phone Support Included Included Included
Data Backups Included Included Included
Basic Features ✓ ✓ ✓
Payroll $29-$109/mo Included Included
Advanced Inventory ✘ ✘ ✓
Advanced Pricing ✘ ✘ ✓

If you need payroll, advanced inventory, and advanced pricing, then Platinum is the clear winner. If you need more users than you can get with QuickBooks Premier, but don’t need payroll or the advanced features, then maybe Silver is a better option.

To determine which version of QuickBooks Enterprise is best for your business, ask yourself these questions:

  • Do I have the budget for QuickBooks Enterprise?
  • Do I need payroll included or will I save money by paying for a payroll add-on each month?
  • Do I need advanced inventory or advanced pricing?

Most importantly, ask yourself if the benefits of Enterprise outweigh the steep costs. If Quickbooks Premier can do almost everything you need it to, it might be worth the slight downgrade in terms of features.

QuickBooks Enterprise Industry Editions

Once you’ve decided if Silver, Gold, or Platinum is right for your business, there’s one more question to ask yourself: should I use the standard version of QuickBooks Enterprise or one of the six industry-specific versions?

Like QuickBooks Premier, QuickBooks Enterprise offers six industry-specific editions of the software:

  • Contractor
  • Manufacturing & Wholesale
  • Nonprofit
  • Retail
  • Professional Services
  • Accountant

Each of these versions gives you access to specialized features and reports at no additional cost. Read our Quick Guide To The 6 Industry-Specific Editions of QuickBooks Enterprise for more details.

Additional QuickBooks Enterprise Fees

QuickBooks Enterprise has significantly fewer additional fees than QuickBooks Pro and Premier as many features are included with your annual subscription. For example, all QuickBooks Enterprise plans include annual upgrades and automatic data backups, and the two larger plans have built-in payroll. However, there are a few other fees to be aware of.

Payroll

QuickBooks Enterprise Gold and Platinum include payroll at no additional cost. If you want Quickbooks Enterprise Silver, you will have to pay an additional fee each month. QuickBooks offers three payroll plans: Basic, Enhance, and Full-Service. These plans range from $29/mo – $109/mo plus $2/ per employee. Learn more about what each QuickBooks payroll plan offers.

Note: QuickBooks is often running payroll promos, so be sure to take advantage of these discounts.

Hosting

If your company is in need of mobility and cloud capabilities, you can purchase online hosting at an additional cost. QuickBooks partners with Right Networks to provide hosting. For Enterprise, the QuickBooks hosting price is around $50/mo per user. For an exact quote, contact QuickBooks Enterprise’s support team directly.

Intuit Field Service Management

With a QuickBooks Enterprise subscription, you automatically get Intuit Field Service management access for one user. Intuit does not disclose the cost of additional users so contact Intuit’s Field Service Management team directly for a quote.

Tax Forms

QuickBooks Enterprise supports W-2s, 1099s, W-3s, and 1096s. You can order tax forms directly from Intuit. The cost begins at $17.95 and varies depending on which form you need and how many. Tax forms are included with the Enhanced and Full-Service payroll plans.

Checks

You can purchase checks, voucher checks, business wallet checks, and more from QuickBooks. Standard checks begin at $56.99/per 50 checks. Prices vary by check type and amount.

If QuickBooks Enterprise’s pricing didn’t scare you off, take the software for a spin with a free trial or read our complete QuickBooks Enterprise review for more information.

Read Our QuickBooks Enterprise Review

Get Started With QuickBooks Enterprise

Other QuickBooks Desktop Costs To Consider

So we’ve already covered how much QuickBooks Pro, Premier, and Enterprise cost and all of the additional fees to expect with each. But there are a few other costs you’ll want to consider.

Add-Ons

Integrations are third-party add-ons that give you additional features and capabilities. For example, software like Shopify, TSheets, and MailChimp are all integrations. QuickBooks Pro offers 170+ integrations to choose from; QuickBooks Premier has 160+ integrations and QuickBooks Enterprise offers 160+ integrations.

Most integrations come with their own monthly subscription fees, so be sure to account for these extra costs when calculating how much QuickBooks is going to set you back.

Payment Gateways

Payment gateways allow you to accept payments from your customers. Common payment processing options include PayPal, Stripe, Square, and Authorize.Net. QuickBooks Pro offers 14 payment processing integrations or you can use QuickBooks Payments. QuickBooks Premier and Enterprise offer significantly fewer payment gateways, so you’re basically looking at QuickBooks Payments.

QuickBooks Payments charges:

  • $1.00 for ACH fees
  • 2.4% + $0.30 for swiped cards
  • 3.5% + $0.3o for invoices
  • 3.5% + $0.30 for keyed in cards

Whether you use QuickBooks Payments or another payment gateway, be sure to take the credit card fees into account.

Where Can You Buy A QuickBooks Desktop License?

There are several places you can go to buy a QuickBooks Desktop license. You can purchase a license through Intuit using the QuickBooks Pro, QuickBooks Premier, or QuickBooks Enterprise websites. You will almost always find that QuickBooks is running a discount or promotion online.

Another option is to buy a QuickBooks Desktop license from a QuickBooks reseller, like Staples or OfficeMax. Retailers like Best Buy, Costco, and even Walmart often sell QuickBooks, and Amazon sells the software as well.

The QuickBooks software prices vary from reseller to reseller. Sometimes these places offer a more significant discount than Intuit (especially around Black Friday). Other times, they may be offering a far more expensive deal.

Be sure to explore all of your options before buying to make sure you are getting the best QuickBooks price.

Should You Buy An Older Version Of QuickBooks?

One question people often ask is should I buy an older version of QuickBooks?

The answer (like with so many things) is that it depends.

Generally, QuickBooks Pro, Premier, and Enterprise don’t change significantly year by year. The software usually has a few minor updates, maybe some streamlined features, or new additions each annual upgrade. This is why so many QuickBooks users utilize the same version of QuickBooks Desktop for multiple years, and why it may also be okay to buy an older version.

For example, say you want to buy QuickBooks Pro but don’t need any of the new 2018 updates. You may be able to save some money by buying QuickBooks 2017 from a reseller like Amazon or Best Buy. You can search all of the resellers previously mentioned for the best price on QuickBooks Pro 2017. However, note that the support for this version of QuickBooks will expire faster than if you were to purchase QuickBooks 2018.

There are some instances where I don’t recommend buying an older version of QuickBooks, however. For example, the price for QuickBooks Pro 2014 may be enticing, but you’d essentially be signing up for outdated features and no support. Sure, you could theoretically use the software just fine, but your software would not be supported by the QuickBooks team at all.

That means that whenever you have a question or an issue, you’re completely on your own. QuickBooks customer care won’t help. If you want to purchase a significantly older version of QuickBooks, I recommend seriously weighing the pros and cons first and deciding whether lack of support is really worth the few bucks you’d save with a smaller QuickBooks purchase price.

How To Upgrade Your Current Version of QuickBooks

You can upgrade (or downgrade) your software at any time. You can switch from QuickBooks Pro Plus to QuickBooks Premier Plus, or go from QuickBooks Premier to QuickBooks Pro — whatever your heart desires (and your business requires).

I do have a couple of tips for upgrading so you can get the best QuickBooks price.

  1. If you are planning on upgrading an annual subscription, wait until the end of your annual subscription or switch within 60-days of your annual renewal (QuickBooks has a 60-day satisfaction guarantee where you can receive a refund for your software). This way you aren’t paying twice.
  2. If you are planning on upgrading a QuickBooks license, see if you can wait it out until the latest version of QuickBooks is released. Annual QuickBooks Desktop upgrades are generally released each September. This way, you get the most up-to-date features and can use your software for longer.

Final Thoughts

I know that was a lot of information, but hopefully, this helps clear things up! Now you know everything you could possibly need to know about QuickBooks pricing.

You learned how much QuickBooks Pro, QuickBooks Premier, and QuickBooks Enterprise cost; the differences between QuickBooks Pro and Pro Plus, QuickBooks Premier and Premier Plus, and QuickBooks Silver, Gold and Platinum;  all of the additional costs to expect; and even where to find the best QuickBooks price.

If you’re still not sure which version of QuickBooks Desktop is right for you, take a look at our Complete QuickBooks Product Comparison Guide where we cover the differences between each software and how to pick which one is best for your business. There’s also a side-by-side QuickBooks features and QuickBooks price software comparison chart.

If you want to learn more, check out our complete QuickBooks Pro review, QuickBooks Premier review, or QuickBooks Enterprise review. In each of these reviews, we rate features, customer support, customer reviews, security, and more. We also give links to free trials of each software. Take a look or get started right away with your favorite version of QuickBooks Desktop.

Get Started With QuickBooks Pro

Get Started With QuickBooks Premier

Get Started With QuickBooks Enterprise

The post The Complete Guide To QuickBooks Desktop Pricing appeared first on Merchant Maverick.

“”

Best Nonprofit Integrations For QuickBooks Online

Best Nonprofit Integrations For QuickBooks Online

Finding accounting software is never easy. Finding nonprofit software is no walk in the park either. But finding nonprofit accounting software that you can actually afford can seem downright impossible.

Sure there are plenty of fund accounting nonprofit options, but if your organization is looking for something easier to use and more affordable, QuickBooks Online may be the perfect way to go.

While QuickBooks Online doesn’t have features that are specifically designed for nonprofits, it does have several key nonprofit integrations. With QuickBooks Online covering the accounting and a nonprofit software covering your nonprofit management, you may be able to find a great alternative to traditionally expensive, convoluted fund accounting.

In this post, we’ll cover the top four nonprofit integrations for QuickBooks Online and how to choose which nonprofit software is right for you.

Overview Of QuickBooks Online

QuickBooks Online (see our review) is one of the most popular accounting programs on the market — and for good reason. The software offers strong accounting, tons of features, and is completely mobile. This cloud-based accounting software has been giving other programs a run for their money since 2004, and since then, QuickBooks Online has grown to support over 2.2 million users.

What makes QuickBooks Online such a popular choice? It’s easy to use and requires very little previous accounting knowledge. It has a large feature set at an affordable price — and what features it doesn’t have are covered by 200+ integrations. While the customer service has left users wanting in the past, QuickBooks Online is working hard to improve their support.

In terms of nonprofits, QuickBooks Online doesn’t offer nonprofit-specific features. When you create your QuickBooks Online account, you can mark your company as a nonprofit, which will create a customized nonprofit chart of accounts, but that’s about it. Instead, the main benefit of using QuickBooks Online for nonprofits is the strong accounting (and the nonprofit integrations, which we’ll cover in this post).

Features

For the most part, QuickBooks Online is intuitive and its features are easy to use. QuickBooks Online covers all of the features you’d expect from an accounting software, like invoicing, estimates, contact management, expense tracking, project management, time tracking, and then some.

Best Integrations For QuickBooks Online

You’ll also find key accounting features like accounts payable, bank reconciliation, reports, and a chart of accounts.

Some of our favorite additional features include:

  • Inventory
  • Budgeting
  • Printing checks
  • Tax support
  • Client portal
  • Multi-currency support
  • Class tracking

It’s also worth noting that QuickBooks has one of the best invoicing features out there. Not only are the templates customizable and attractive, you can also autoschedule invoices to automate your billing process.

The only downside of QuickBooks Online is that some of these features are only available with the most expensive plan, and the software doesn’t support more than 25 users. See our full QuickBooks Online review for details.

Pricing

QuickBooks Offers three pricing plans ranging from $15/mo – $50/mo. Each tier gives you access to more user and features. There is a free 30-day trial if you’d like to test the software before buying.

The highest plan only supports 5 users, so you’ll have to pay extra for additional users. Payroll is also an additional $39-$99/mo depending on your plan. Luckily, QuickBooks Online often offers a discount on the Intuit website. Be sure to take advantage of this, especially because you’ll have to pay for QuickBooks Online and the nonprofit integration of your choice.

Now that you have an idea of what QuickBooks is capable of and how much it costs, let’s see how your nonprofit organization can benefit from one of the QuickBooks Online nonprofit integrations.

1) SumacBest Nonprofit Integrations For QuickBooks Online

Best For…

Nonprofit organizations looking for a highly customizable nonprofit software and CRM solution.

Sumac is a locally-installed nonprofit software founded on the motto “do more good.” The software offers everything from basic CRM to pledges, course registration, auditions and submissions, and more. The best part about Sumac is that the software is incredibly customizable and can be tailored to fit your organization’s specific needs. Well, maybe the best part is that the basic CRM package is completely free. We’ll let you decide.

Features

Sumac has an incredible number of features that are relatively easy to use. The design of the locally-installed version of Sumac is less attractive than the other nonprofit software options in this post, but if you can look past the outdated UI, you’ll find that Sumac is easy to navigate.

The software begins with basic CRM features: invoicing, contact management, reporting, email marketing, donation management, event management, and time tracking. These features are included in every plan.

Best Nonprofit Integrations For QuickBooks Online

You can then add these additional modules to Sumac:

  • Memberships
  • Volunteers
  • Grant management
  • Pledges
  • Ticketing
  • Reminders
  • Course registration
  • Forms
  • Tour booking
  • Proposals/prospecting
  • Auctions
  • Sales
  • Auditions and submissions
  • Job search
  • Collection management
  • Awarding grants

In general, users seem incredibly happy with the number of features they receive from Sumac. They also praise Sumac’s customer support, how easy the software is to use, and how customizable it is.

Pricing

Sumac offers four different pricing plans: Bronze, Silver, Gold, and Platinum. Each plan varies in the number of add-ons, contacts, and users available. Each plan integrates directly with QuickBooks Online to connect all of your data.

  • Bronze: The Bronze plan is free and includes all basic CRM features, email support, 1 user, and up to 500 contacts.
  • Silver: The Silver plan is $20/mo and gives you the basic CRM features, 2 add-ons, phone and email support, support for 1 user, and up to 1,000 contacts.
  • Gold: The Gold plan is Sumac’s custom pricing option where you can add the exact number of add-ons that your organization needs. It also includes the Basic CRM features, phone and email support, unlimited users, and up to 30,000 contacts.
  • Platinum: The Platinum plan is $400/mo and includes the basic CRM features, 5 add-ons, phone and email support, unlimited users, and unlimited contacts.

If you prefer cloud-based software over locally-installed software, you can upgrade to the cloud version of Sumac for an additional $25/mo.

Takeaway

Sumac is a great option for nonprofits who need a customizable software with ample features. Sumac has the only free nonprofit software option on this list and is also the only locally-installed option. If you are looking for a cheap nonprofit CRM, you can’t beat Sumac. Pair Sumac with QuickBooks Online and you may have a winner on your hands.

To learn more about Sumac, visit their website and take the software for a spin with their free trial. You can also schedule a demo of Sumac.

Get Started With Sumac

2) KindfulBest Nonprofit Integrations For QuickBooks Online

Best For…

Nonprofits in need of a cloud-based nonprofit software with ample integrations. 

Kindful is a fully-featured, cloud-based nonprofit software that is used by organizations like the Special Olympics, the Boys & Girls Clubs of America, and Habitat for Humanity. Kindful has been helping nonprofits since 2011. Their motto is “your mission is our mission” and they offer tons of features to help nonprofits succeed. The software is intuitive with a beautiful design and offers the most integrations of any nonprofit program on this list.

Features

Kindful’s UI is both appealing and easy to use. While Kindful doesn’t have quite as many unique features as Sumac, the features it does have are done well. Kindful offers contact management, donation management, event management, pledges, letters, and more.

Best Nonprofit Integrations For QuickBooks Online

Kindful is well-suited out to meet the needs of real nonprofit organizations. You can accept online donations and recurring donations, create contact groups, enter gifts, and email receipts automatically. There is also an unlimited number of customer donation pages, and donors receive their own Kindful login where they can view and manage their pledges and donations.

Some other great Kindful features include:

  • Donation campaigns
  • Scheduled reports
  • Activities
  • Donor analytics
  • Tax receipts
  • Activity trail

For the most part, Kindful has positive customer reviews. Users appreciate how easy the software is to use, which saves them time so they can focus on their nonprofits.  They also find the customer support team helpful and enjoy the 30+ integrations Kindful offers.

The only downside is that the software can be a bit spendy for smaller nonprofits with a large number of contacts.

Pricing

Kindful offers four different pricing plans. Each plan comes with all of the same features; the only difference is the number of contacts available. Each plan integrates with QuickBooks Online as well.

  • Up To 2,000 Contacts: $150/mo (billed annually)
  • Up To 5,000 Contacts: $200/mo (billed annually)
  • Up To 15,000 Contacts: $300/mo (billed annually)
  • Up To 25,000 Contacts: $400/mo (billed annually)

There is no additional charge for tech support and the only payment processing fees you pay are those charge by your specific payment processing company (i.e. Stripe, PayPal, etc.).

Takeaway

Kindful’s UI and customer donations pages make it a great choice for nonprofits. The software offers great CRM features and good donor management, as well as a unique donor login feature. If integrations are important for your organization, Kindful has the most offerings out of all four programs in this post.

To learn more about Kindful, visit their site and schedule a demo. You can also see how other real-life nonprofits are using Kindful in their customer stories.

Get Started With Kindful

3) BreezeBest Nonprofit Integrations For QuickBooks Online

Best For…

Small to medium-sized churches in need of church-specific nonprofit software.

There are plenty of nonprofit programs out there that churches could make work, but Breeze wanted to make a software specifically create with churches in mind. This church management software is ideal for small to medium churches. The software is cloud-based, easy to use, and — best of all — it’s affordable.

Features

Breeze offers an impressive number of features designed specifically for churches. It allows you to manage contacts, tithes, and events, as well as online giving and volunteers.

Best Nonprofit Integrations For QuickBooks Online

One of the features users love most about Breeze is the children’s ministry check-in feature. Breeze allows parents to check in their children to Sunday school and even lets you print name labels. You can also create custom forms to suit your church’s needs.

Church members get their own Breeze login where they can view their statements and donate online.

Other Breeze features include:

  • Event registration
  • Contact groups
  • Built-in emailing and texting
  • Donation tracking
  • Reports
  • Year-end statements
  • Pledges

Existing Breeze users praise the software for being so easy to use that everyone in their church can learn it, no matter what level of tech experience. Users also praise the customer support and the low cost of the software.

The only potential drawback we see with Breeze is that larger churches may outgrow the software’s capabilities.

Pricing

Breeze has a single cost of $50/mo. This includes every Breeze feature, unlimited users, phone support, email support, upgrades, and even data transfers.

Takeaway

When it comes to churches, there are very specific needs and requirements that a software must meet. Breeze offers the key features churches need, all while maintaining an affordable price. The software is easy to use and has a beautiful UI, and you can’t top unlimited users.

To see if Breeze is right for your church organization, schedule a demo or sign up for a free trial on Breeze’s website.

Get Started With Breeze

4) NeonCRMBest Nonprofit Integrations For QuickBooks Online

Best For…

Nonprofits in need of a comprehensive CRM solution.

NeonCRM is a cloud-based nonprofit software founded back in 2004. Over 85% of NeonCRM’s staff has a nonprofit background, so they know exactly what nonprofits need. With several pricing plans and a nice selection of features, there’s a little something for everyone with this software.

Features

NeonCRM has an attractive UI that is well-organized and highly developed. A few users have complained that the software is unintuitive at times, but the majority find NeonCRM easy to use.

The software offers a good number of features, including contact management, volunteer management, donations, event planning, and more.

Best Nonprofit Integrations For QuickBooks Online

If you go with the smallest NeonCRM pricing plan, you’ll have to choose between either the fundraising or membership module, though with any other plan you get access to both. NeonCRM has good automations like automatic receipting and batch donations. You can also create custom fundraising pages and can even indicate the relationship between contacts.

Like Kindful, users get their own contact login where they can view their history and manage donations.

In addition, NeonCRM offers:

  • Campaigns
  • Thank yous and gifts
  • User permissions
  • Volunteer project management
  • Prospects
  • Grants
  • Event registration
  • Reports
  • Letters

In terms of customer reviews, NeonCRM receives relatively high praise. Users appreciate the software’s ease of use and praise the customer support team. The software also offers a handy MailChimp integration.

The only drawback of the software is that it can get a bit expensive.

Pricing

NeonCRM has three different pricing plans: Essentials, Impact, and Empower. The exact cost of each plan varies depending on how many contacts you need and if you need data entry assistance.

  • Essentials: Starts at $50/mo. Must choose between fundraising or membership. Includes event management, campaigns, automatic receipts, reports, contact management, and volunteer management. Does not include a QuickBooks Online integration.
  • Impact: Starts at $110/mo. Includes both fundraising and memberships. Includes all of the features from the Essentials plan, plus web forms, online store, customer survey builder, peer-to-peer fundraising, and a QuickBooks Online integration.
  • Empower: Starts at $200/mo. Includes all of the features form the Impact plan, plus donor search, live chat, and visual phone support.

Customer support may cost extra depending on the plan. Download NeonCRM’s pricing .pdf for all of the details.

Takeaway

NeonCRM is a comprehensive CRM solution with a few great nonprofit additions. The software is beautifully designed and is a great choice for organizations seeking to build an appealing online presence and brand. While Neon CRM can get expensive (especially considering that the QuickBooks Online integration is limited to the two higher plans), it may still be worth it for some medium to large-sized nonprofits.

Learn more about NeonCRM on their website, or contact NeonCRM directly for a free trial or demo.

Get Started With NeonCRM

Which Nonprofit Software Is Right For Me?

When it comes to choosing the perfect nonprofit software to integrate with QuickBooks Online for your organization, think carefully about your nonprofit’s needs. Which features do you need? How many users need to use the software? Do you need cloud-based software or mobile apps? All of these factors, as well as your budget, will determine which nonprofit software is right for.

QuickBooks Online does have two other donor management integrations — Method:Donor and Donor Receipts — if you need an even simpler solution. That said, Sumac, Kindful, Breeze, and NeonCRM are your best bets if you want to integrate fully-featured nonprofit software with QuickBooks online.

If you’re still not certain if QuickBooks Online is the best choice for your nonprofit, take a look at our Top 10 Best Nonprofit Accounting Apps For 2018 for more options.

The post Best Nonprofit Integrations For QuickBooks Online appeared first on Merchant Maverick.

“”

QuickBooks For Nonprofits 2018

QuickBooks For Nonprofits

As a nonprofit, you want the absolute best for your organization — and that includes accounting software. If you’ve started your search for the best accounting software for nonprofits, I’m sure you didn’t get far without hearing the name QuickBooks.

But is QuickBooks the right accounting solution for your small business or not-for-profit organization? Which QuickBooks product is best for nonprofits? And how do you know if QuickBooks has the nonprofit features you need?

We’ll answer these questions and more!

QuickBooks Nonprofit Products

First off, QuickBooks doesn’t have a separate product specifically designed for nonprofits. However, several of its existing products offer nonprofits features.

QuickBooks Premier

QuickBooks Premier (see our review) is a full-fledged, locally-installed accounting software designed for small to medium-sized businesses. QuickBooks Premier offers six industry-specific editions, including a nonprofit edition.

QuickBooks Enterprise

Like QuickBooks Premier, QuickBooks Enterprise (see our review) is a locally-installed software targeted to large businesses and enterprises. This product also has a nonprofit edition.

QuickBooks Online

QuickBooks Online (see our review) is a cloud-based accounting software with tons of features and over 200 integrations. While there aren’t any built-in nonprofit features in QuickBooks Online, there are a ton of integrations that can give you the nonprofit features you need.

If you’re looking for simple, web-based accounting software for nonprofits, QuickBooks Online is an excellent place to start. However, in this post, we’ll focus specifically on the nonprofit edition of QuickBooks Premier and QuickBooks Enterprise.

Pricing

One of the biggest differences between QuickBooks Premier and QuickBooks Enterprise is the cost. While both offer the nonprofit edition, QuickBooks Enterprise allows for more users, advanced inventory, and lead management. If you’re looking for discounted or free software for nonprofits, QuickBooks isn’t your best bet, but you get a lot for your money when you use one of the QuickBooks nonprofit editions.

QuickBooks Premier

QuickBooks Premier offers two pricing options. You can either purchase a QuickBooks Premier license for $499.95 or purchase a yearly subscription of QuickBooks Premier Plus for $499.95/yr.

A QuickBooks Premier license is good for three years, after which QuickBooks drops support. Phone support costs extra. The QuickBooks Premier Plus subscription includes phone support, updates, and data backup. Additional users cost extra.

Going with QuickBooks Premier Nonprofit Edition instead of the Standard Edition doesn’t cost any extra. For more details, visit QuickBooks Premier’s pricing page.

QuickBooks Enterprise

QuickBooks Enterprise has three pricing plans:

  • Silver (starts at $1,100/yr)
  • Gold (starts at $1,430/yr)
  • Platinum (starts at $1,760/yr)

The price of each plan is determined by your number of users. Subscriptions are renewed annually and include phone support, updates, and data backups. You can calculate how much your QuickBooks Enterprise software would cost on Intuit’s site. Like QuickBooks Premier, QuickBooks Enterprise Nonprofit Edition has no additional cost.

Basic Accounting Features

Both QuickBooks Premier and QuickBooks Enterprise have strong accounting features and are incredibly well-developed. Here’s an idea of the features you can expect to find with each software.

QuickBooks Premier Features

QuickBooks didn’t earn its strong reputation for nothing. QuickBooks Premier is one of the most comprehensive accounting programs out there. The software offers strong accounting features, including a customizable chart of accounts, journal entries, bank reconciliation, accounts payable, and over 135 reports.

QuickBooks for Nonprofits

QuickBooks Premier also offers invoicing, contact management, expense tracking, project management, inventory, and time tracking.

Some of our other favorite features include:

  • Tax support
  • Budgeting
  • Sales orders
  • Mileage deductions
  • To-do list and calendar
  • Print checks
  • Letter templates

All of these features do come at a price — the software has a steep learning curve. For accountants and those with accounting experience, QuickBooks Premier’s traditional setup may be easy to understand, but for those with limited accounting knowledge, the software will take some time to learn.

On the plus side, QuickBooks Premier offer decent customer support and receives extremely high praise (especially when compared to QuickBooks Pro). Read our comprehensive QuickBooks Premier review for all the details on these features and more.

QuickBooks Enterprise Features

Much like QuickBooks Premier, QuickBooks Enterprise has an impressive number of features, but with 6x more storage and advanced inventory capabilities, QuickBooks Enterprise is designed for large businesses and enterprises. QuickBooks Enterprise has the accounting features you’d expect including a chart of accounts, journal entries, bank reconciliation, fixed assets management, and accounts payable.

QuickBooks for Nonprofits

QuickBooks Enterprise also includes expense tracking, contact management, project management, and time tracking. While the invoicing is slightly more limited, there are several features that you won’t find with QuickBooks Premier like lead management, advanced inventory, a loan manager, a business plan tool, and the option to add Intuit Field Service Management.

QuickBooks Enterprise also provides:

  • Tax support
  • 140 reports
  • Class tracking
  • Mileage deductions
  • To-do list and calendar
  • Letter templates
  • Print checks

While there is a steep learning curve, QuickBooks Enterprise offers better customer support than QuickBooks Premier, making it ultimately easier to learn. Customer reviews on the software are mixed; you can check out our full QuickBooks Enterprise review for all of the details.

Nonprofit Accounting Features

In addition to the standard features that come with QuickBooks Premier and QuickBooks Enterprise, the nonprofit edition for both programs adds:

  • Pledges: You can create and manage pledges. When creating a pledge, you can record the item, description, class, amount, and tax.
  • Donations: You can record donation made by check, e-check, credit card, debit card, or cash.
  • Programs/Products: The Programs/Products tool lets you track specific projects and programs run by your nonprofit.
  • Donor Letters: With QuickBooks Nonprofit, you can create donor letters using QuickBooks Premier and QuickBooks Enterprise’s existing letter templates.
  • Customized Chart Of Accounts: The Nonprofit Edition comes with a default chart of accounts specifically designed for nonprofits. You can customize this chart of accounts to fit your organization’s needs.
  • Nonprofit Reports: One of the best parts about QuickBooks’ Nonprofit Edition is that you have access to nine additional nonprofit reports (in addition to the existing 135+ reports that come with QuickBooks Premier and Enterprise). You’ll find reports like a Statement of Financial, Position, a Statement of Functional Expenses (990), the Biggest Donors/Grants, the Budget vs. Actual Programs/Projects, and more.

The only downside of the QuickBooks Premier and QuickBooks Enterprise Nonprofit Editions is that you can’t change the title of your contacts; so all of your donors and volunteers will be called ‘customers’ and ’employees’ within the software.

Learn more about how real nonprofit organizations are using QuickBooks Nonprofit Edition.

Is QuickBooks Right For My Nonprofit Organization?

QuickBooks Premier and QuickBooks Enterprise are fully-developed accounting solutions. Each has a bit of a learning curve but offers impressive features and key nonprofit features. But how do you know if QuickBooks Nonprofit Edition is right for you?

Ask yourself these questions:

  1. Do I have time to learn how to use QuickBooks Premier or Enterprise?
  2. Do the QuickBooks Premier Nonprofit and/or QuickBooks Enterprise Nonprofit Editions include all of the features I need?
  3. Can I afford nonprofit accounting software from QuickBooks?

If you answered “yes” to all of these questions, great! QuickBooks may be a good fit for your nonprofit organization.

Before committing to QuickBooks, we recommend you take the software for a spin. Sign up for a free trial of QuickBooks Enterprise Nonprofit Edition. There is no free trial for QuickBooks Premier Nonprofit Edition, but you can still get an idea of what to expect using the Enterprise trial. Don’t forget to look at The Complete QuickBooks Product Comparison Guide to see the key differences between QuickBooks Premier and QuickBooks Enterprise.

If you can’t afford QuickBooks Premier or Enterprise, or if you want something easier to learn, check out our Top 10 Nonprofit Accounting Software Programs.

Read our Complete QuickBooks Premier Review

Read our Complete QuickBooks Enterprise Review

Read our Complete QuickBooks Online Review

The post QuickBooks For Nonprofits 2018 appeared first on Merchant Maverick.

“”

Easy Accounting Software For Small Businesses

Easy Accounting Software for Small Businesses

If you’re reading this, you’re in the market for a simple accounting solution. Maybe you don’t know anything about accounting and need a program that’s easy to learn. Or maybe you’ve been using Sage or QuickBooks Desktop Pro and are tired of the confusing accounting lingo.

The good news is that accounting doesn’t have to be difficult, and neither does finding easy accounting software. Thanks to the Cloud, there are plenty of full-featured, capable accounting programs that are easy to use and can help small business owners gain control of their business’s finances.

In this post, we’ll cover the top seven easiest accounting software programs. Each program on this list is easy to use and makes learning how to manage your accounting a breeze. We’ve included options to fit every budget and multiple business types.

Each program is ranked by how easy it is to use, how well the software is designed, and how quickly it can be mastered. Read on to see which is right for you!

1. WaveEasy Accounting Software For Small Businessses

Wave (see our review) is an eminently easy to use accounting software — and with a price of $0, it’s easy on the budget as well. Excellent customer support, competitive pricing, and great features have earned this software 4.5/5 stars on our site.

Best For…

Small businesses on a tight budget that still want strong accounting capabilities. Ideal for Etsy sellers and micro businesses.

Wave Pricing

As we mentioned earlier, Wave is free, no gimmicks or strings attached. With a Wave account, you get access to all Wave features and unlimited users. The only extra costs to be aware of are payroll and payment processing. Read our complete Wave review for all of the pricing details.

Wave Features

Wave is well-developed software that even rivals some paid programs in terms of features. This app is incredibly easy to navigate, and the learning curve is minimal, making it a great choice for business owners with little previous accounting experience. The software covers all of the accounting basics including invoicing, expense tracking, accounts payable, bank reconciliation, and more.

Easy Accounting Software for Small Businesses

Wave also has several unique features. In Wave, users can separate personal and business expenses, which is ideal for freelancers or side hustlers who don’t have a separate business bank account. Wave also offers Lending by Wave, which helps business owners gain access to capital through a partnership with OnDeck (see our review). Learn more about this financing option in our post Lending by Wave: Everything Small Businesses Need to Know.

Other features include:

  • Item management
  • Reports
  • Receipts
  • Contact management

Wave doesn’t offer as many integrations as its competitors; however, it does have a Zapier integration, which connects Wave with over 750 third-party apps. Besides Zapier, there are only three other integrations. (The Etsy integration makes Wave a great choice for Etsy sellers in need of simple accounting.) Wave also has several mobile apps.

There are a ton of customer support resources that make the software easy to learn. Only payroll users have phone and chat support, but Wave’s support team answers emails quickly and there’s a thorough help center with how-to videos.

The only downside to the software is that there is no project management feature and time tracking is limited to payroll users. There also isn’t a true inventory feature. If these features are integral to your business, you’ll have to use an integration. Or you can take a look at one of the other options on this list.

Takeaway

If you’re looking for an affordable accounting option, it doesn’t get better than Wave. With positive customer reviews, excellent customer support, and a well-organized UI, it’s no wonder this free accounting software is so popular. It’s easy to jump straight in and start using Wave, even with little previous accounting experience.

To learn more, read our full Wave review or sign up for an account to test the software yourself. You’ve got nothing to lose — after all, it’s free.

Read our full Wave review

Visit the Wave website

2. Zoho BooksEasy Accounting Software For Small Businesses

Created in 2011, Zoho Books (see our review) offers unbeatable invoicing and strong mobile apps. In fact, recent updates have put Zoho Books on par with QuickBooks Online in terms of features, but with better customer service, cheaper pricing, and a more user-friendly UI, Zoho Books is a great option for small businesses.

Best For…

Small businesses in need of strong online accounting, affordable pricing, and good invoicing. Ideal for international business.

Zoho Books Pricing

Zoho Books offers three affordable pricing plans ranging from $9/mo – $29/mo. Each plan comes with basic features and unlimited invoices. The larger the plan, the more contacts, users, and advanced features you’ll have access to. Read our Zoho Books review for the details.

Zoho Books Features

Zoho Books has an impressive number of features. With good customer support and a well-designed UI, the software is easy to use and learn. The software has all of the features you’d expect from a fully-developed accounting solution including invoicing, contact management, expense tracking, time tracking, inventory, project management, and even tax support.

Easy Accounting Software for Small Businesses

The best part about Zoho Books is its invoicing offerings. Zoho Books offers 15 customizable invoice templates, a client portal where customers can pay invoices directly online, recurring invoices, and the unique ability to encrypt invoices. There are also many automations that make it easy to invoice customers, like the ability to autoschedule invoices to be sent at a later time. In addition, you can send invoices in over 10 languages, making Zoho Books a great choice for international business.

You’ll find these key accounting features as well:

  • Accounts payable
  • Charts of accounts
  • Bank reconciliation
  • Fixed asset management
  • Reports

Zoho Books offers 30 integrations, including 12 payments gateways options and a Zapier integration that connects Zoho Books to over 750 other third-party apps. Zoho Books also has easy accounting apps that are highly developed and praised by existing users.

Zoho Books is known for great customer service. Phone support and email support are both available. Representatives are generally helpful and quick to respond to questions. The majority of customer reviews are positive, and users especially like the level of support they receive.

The only drawback is that Zoho Books has no payroll feature. You’ll either have to find a payroll integration or opt for a different software.

Takeaway

With almost as many features as QuickBooks Online, Zoho Books is definitely a contender worth considering. The software is easy to use and its invoicing features are unbeatable. Great customer support, a good number of integrations, and international features are also perks of the software.

If Zoho Books sounds like it might be a good choice for your small business, start a free trial or read our complete Zoho Books review to learn more.

Read our full Zoho Books review

Visit the Zoho Books website

3. ZipBooksEasy Accounting Software for Small Businesses

ZipBooks (see our review) is an up-and-coming accounting software that was launched in 2015 and offers a free accounting software plan. The software may be new, but it has already mastered simplicity. ZipBooks is one of the easiest accounting programs out there, and with a free plan, unlimited users, and ample automations, it’s not hard to see why this software gets 4/5 stars.

Best For…

Small businesses in need of affordable, strong accounting. Ideal for business owners with little previous accounting experience.

ZipBooks Pricing

ZipBooks offers three pricing plans ranging from $0/mo – $35/mo. Each plan comes with unlimited invoicing and unlimited users, which is almost unheard of (especially for the free plan) Each pricing level adds more features. Read our complete ZipBooks review to see which plan’s features suit your needs best.

ZipBooks Features

ZipBooks offers a good number of features that are easy to use and has one of the most attractive interfaces out there. The software’s design is simple and intuitive, using automations to save you time. The UI is even color-coded to make navigation a breeze. ZipBooks offers the basics you’d expect from accounting software, including invoicing, contact management, and expense tracking.

Easy Accounting Software For Small Businesses

One unique aspect of ZipBooks is that the software takes the data you input and uses it to provide helpful business insights, including a business health score and business recommendations specific to your financial situation.

In addition, ZipBooks offers:

  • Time tracking
  • Project management
  • Reports
  • Category tracking

ZipBooks only comes with eight integrations, so if you’re looking for ample add-ons, this may not be the software for you.

If you’re looking for good customer support, ZipBooks has you covered. Representatives are quick to respond to questions. Phone support is available for the paid plans. Other support options include email, in-software chat, a knowledge base, and a blog.

Before purchasing ZipBooks, there are a few potential drawbacks to consider. Compared to the other choices on this list, ZipBooks has very limited invoicing and only a small number of accounting reports. There also is no item or inventory feature. Despite these shortcomings, ZipBooks receives many positive customer reviews.

Takeaway

If you’re looking for easy accounting software, ZipBooks is hard to beat. With a great design, good learning resources, and ample automations, ZipBooks does everything it can to make accounting simple.

If ZipBooks sounds like a good fit for your business, use the free plan to take the software for a spin. Read our complete ZipBooks review to learn more.

Read our full ZipBooks review

Visit the ZipBooks website

4. FreshBooksEasy Accounting Software

FreshBooks (see our review) is invoicing software with a few bookkeeping tools tossed in. Although it’s not true “accounting” software, we kept in in the mix because it is incredibly easy to use and free of accounting jargon.

Best For…

Small businesses looking for strong invoicing and basic bookkeeping but not a full accounting software.

FreshBooks Pricing

FreshBooks offers three pricing plans ranging from $15/mo – $50/mo. Most features are included in all plans, so each larger level mainly adds more billable customers.

FreshBooks only supports a single user (additional users cost an extra $10/mo each). Read our full FreshBooks review to learn more.

FreshBooks Features

FreshBooks has always been easy to use, but a recent redesign has made the user experience even simpler and the UI more attractive. Setup is simple and the software takes very little time to learn. In terms of features, you’ll find invoicing, expense tracking, contact management, and more.

Easy Accounting Software For Small Businesses

FreshBooks offers two customizable invoice templates and a client portal where customers can pay their invoices directly online. One of the coolest features in FreshBooks is the ability to chat with your customers directly on their invoices.

Other features include:

  • Project management
  • Time tracking
  • Reports

FreshBooks offers 60 integrations, which is significantly more than most invoicing programs. There are also mobile apps available.

FreshBooks has great customer support. Representatives are friendly, helpful, and quick to respond. There is phone support, email support, a help center, and several other resources to help you learn the software.

For the most part, FreshBooks receives positive customer reviews; however, there are some recurring complaints.

In addition to not being true accounting software, FreshBooks only supports a single user — and this invoicing software is already more expensive than most accounting software. Instead of purchasing additional users, you’d get more bang for your buck by choosing a full-fledged accounting program (or a less expensive invoicing program like Zoho Invoice or Invoicera).

Takeaway

While FreshBooks isn’t accounting software, many small businesses are able to look past the lack of double-entry accounting because the software is so simple and easy to use. This easy bookkeeping software is ideal for small businesses that only need to send invoices and track expenses.

If the simplicity of FreshBooks sounds appealing to you, take the software for a spin with a free trial or read our comprehensive FreshBooks review to learn more.

Read our full FreshBooks review

Visit the FreshBooks website

5. QuickBooks Self-EmployedEasy Accounting Software for Small Businesses

QuickBooks Self-Employed (see our review) is tax software designed to help freelancers with basic bookkeeping and tax support. While QuickBooks Self-Employed isn’t exactly accounting software, it offers easy bookkeeping and tax support for freelancers.

Best For…

Freelancers, contractors, and other self-employed individuals needing basic bookkeeping and tax support. Ideal for managing estimated quarterly taxes and maximizing deductions.

QuickBooks Self-Employed Pricing

There are two pricing options for QuickBooks Self-Employed. There’s a $10/mo plan that includes all of the software’s features. Going with the $17/mo plan adds a Turbo Tax integration, so you can easily file your self-employed taxes.

QuickBooks Self-Employed Features

QuickBooks Self-Employed is well-organized and easy to use. The features help simplify estimated quarterly taxes and allow freelancers to manage their expenses and track their deductions.

Easy Accounting Software For Small Businesses

This software also makes it easy to separate personal and business expenses, which is ideal for freelancers who don’t have a designated business bank account. LIke Wave, QuickBooks Online also has a built-in lending feature called QuickBooks Capital (see our review) that helps small businesses manage gain access to working capital to manage their cash flow.

In addition, QuickBooks Self-Employed offers:

  • Invoicing
  • Fixed asset management
  • Schedule Cs
  • Tax checklist

QuickBooks Self-Employed offers a small number of integrations, but the Turbo Tax integration is the best part of the software by far. This integration makes self-employed taxes a breeze and makes it easy to file taxes online.

Unfortunately, QuickBooks Self-Employed is known for poor customer service. With no phone support and limited additional resources, it can be hard to find help, though the company is working to improve this. There is a live chat feature, a redesigned help center, and a small business resource center with helpful business advice.

While QuickBooks Self-Employed is a great option for managing your federal taxes, our one concern is that the software lacks state tax support. This means you’ll have to find another way to file state taxes.

Takeaway

If you’re a freelancer looking for a way to manage your finances and taxes, QuickBooks Self-Employed could be a good option for your business. The software is easy to use and comes with good mobile apps for quick access to your data.

To learn more about this software, read our complete QuickBooks Self-Employed review. If you’re already convinced, sign up for a free trial or start using the software today.

Read our full QuickBooks Self-Employed review

Visit the QuickBooks Self-Employed website

6. SlickPieEasy Accounting Software For Small Businesses

Founded in 2015, SlickPie (see our review) is an easy-to-use accounting software that has already received positive customer reviews and press coverage. Like Wave and ZipBooks, SlickPie offers an impressive free plan and a beautiful interface.

Best For…

Small businesses on a tight budget in need of basic accounting features and bookkeeping automations.

SlickPie Pricing

SlickPie offers a free plan and a paid plan which costs $9.95/mo. Both plans come with basic features and unlimited users. The main difference is the number of invoices you are allowed to send. Read our complete SlickPie review for all of the pricing details.

SlickPie Features

As we mentioned earlier, SlickPie is easy to use and offers several automations to help save you time and energy. There are a few occasional navigational difficulties and the organization could be improved, but overall the software is simple to set up. Features include invoicing, expense tracking, contact management, accounts payable, and more.

Easy Accounting Software for Small Businesses

One of the coolest features is SlickPie’s MagicBot, which is a data entry tool that automates your receipts. When you take a photo of your receipt, SlickPie will automatically gather the information from the photo and enter the data for you.

Here are some other features found in SlickPie:

  • Chart of accounts
  • Item management
  • Reports

SlickPie only offers three integrations, which might not cut it for many small businesses.

This app does have good customer support, however. Emails are responded to incredibly quickly. There is also phone support and a helpful knowledge base. SlickPie receives positive customer reviews, especially where support is concerned.

There are a few limitations to consider when comparing SlickPie to the other options on this list. While SlickPie is still easy to use, the software is difficult to navigate at times. There are also no project management or time tracking features. Unlike the other options, SlickPIe does not have mobile apps.

Takeaway

SlickPie is simple accounting software with basic features and a few promising automations. However, its limited automations, missing features, and occasionally unintuitive organization may rule this software out as a viable option for some small business owners.

If you’d like to learn more, read our complete SlickPie review or see the software in action for yourself by signing up for a free account.

Read our full SlickPie review

Visit the SlickPie website

7. QuickBooks OnlineEasy Accounting Software For Small Businesses

QuickBooks Online (see our review) is a fully-featured accounting software program that is generally easy to use. With 200+ integrations, strong mobile apps, and tax support, it’s no wonder this software receives 5/5 stars.

Best For…

Small businesses looking for a full-featured accounting solution that is relatively easy to use. Ideal for businesses with five users or fewer (though you can add up to 25 users for an additional cost).

QuickBooks Online Pricing

QuickBooks Online offers three pricing plans ranging from $15/mo – $50/mo. The larger the plan, the more feature you have access to and the more users you can have.

Payroll costs an additional $39 – $90/mo (plus $2/mo per employee). Read our full QuickBooks Online review to learn more and to see if Intuit is running any sales promotions.

QuickBooks Online Features

While this cloud accounting software is not quite as easy to use as the other options on this list, the trade-off is more advanced features. Set up is a bit involved and the organization is occasionally difficult to navigate, but compared to other big-name programs like Xero, Sage, and AccountEdge Pro, QuickBooks Online is a piece of cake.

Easy Accounting Software For Small Businesses

QuickBooks offers double-entry bookkeeping and strong accounting features like bank reconciliation, accounts payable, reports, and a chart of accounts. You’ll also find invoicing, expense tracking, time tracking, project management, and more. In terms of invoicing, QuickBooks Online offers the second best templates and automations (with Zoho Books being the first).

Other features include:

  • Class tracking
  • Client portal
  • Tax support
  • Contact management
  • Budgeting
  • Inventory

With over 200 integrations, QuickBooks has more integrations than any other accounting program on this list. This includes 15 payment processing options and great mobile apps.

As we mentioned earlier, QuickBooks has been known for poor customer service in the past. Recently, QuickBooks Online has made great strides to improve their customer support. While the company still has a ways to go, phone response times have greatly improved and a redesigned help center makes it easy to find assistance.

Takeaway

While QuickBooks Online may not be quite as easy to use as the other options on this list, this online accounting software might be a good fit for businesses looking to get the most bang for their buck in terms of features.

Read our comprehensive QuickBooks Online review to learn about all that this software has to offer, or sign up for a free trial to see for yourself.

Read our full QuickBooks Online review

Visit the QuickBooks Online website

Final Verdict

Any one of these simple small business accounting software options will allow you to easily manage your business’s finances and balance the books, no matter what level of accounting experience you bring to the table. Ultimately, the decision will come down to your budget and the features your business needs.

Want a good double-entry accounting solution that’s more robust than the options we discussed above? I suggest trying Xero, Sage, AccountEdge Pro, or QuickBooks Pro. These apps aren’t quite as easy to use as the seven programs in this post, but they come with far more advanced features. If you need higher-level inventory management, payroll software, or a more refined method to track bank accounts, credit card payments and/or credit card charges, you’re going to be better off with one of these solutions. Conversely, for small business owners who are in the market for something very simple and don’t want to pay anything for an accounting app, we’ve compiled a list of the best free online accounting software programs out there.

If you need more help deciding, read the Complete Guide to Choosing Online Accounting or 20 Questions To Ask Before Choosing Accounting Software. And don’t forget to download the Beginner’s Guide to Accounting — in this free ebook, we make accounting simple and teach you everything you need to know without the confusing accounting jargon.

As always, let us know if you have any questions, and happy hunting!

The post Easy Accounting Software For Small Businesses appeared first on Merchant Maverick.

“”

How To Enter Credit Card Payments In QuickBooks Pro

How To Enter A Credit Card Payment In QuickBooks Pro

Entering credit card payments into QuickBooks doesn’t have to be confusing. If you’re not sure how to enter credit card payments or partial payments, don’t worry.

In this post, we’ll cover everything you need to know about entering credit card payments in QuickBooks Pro in 10 simple steps.

Reconcile Your Credit Card

You may not have known this, but before you enter credit card payments, you need to reconcile your credit card. This safeguards against any errors and makes entering payments easier (just watch and see).

To begin, go to Banking>Reconcile Credit Card. Be sure to have your credit card statement handy.

Step 1: Select Your Credit Card

Select the credit card account you wish to reconcile.

How To Enter A Credit Card Payment In QuickBooks Pro

Step 2: Choose Statement Date

Use the drop-down calendar to enter the statement date on your credit card statement.

How To Enter A Credit Card Payment In QuickBooks Pro

Step 3: Enter Your Ending Balance

Enter the ending balance exactly as it appears on your credit card statement.

How To Enter A Credit Card Payment In QuickBooks Pro

Step 4: Enter Any Finance Charges

Use the “Finance Charge” box to enter any finance fees (or interest fees). Enter the date the finance fee was charged and select an account like “Interest Expense” to categorize your finance charge.

How To Enter A Credit Card Payment In QuickBooks Pro

Then click the blue “Continue” button.

Step 5: Reconcile Your Account

Once you click “Continue,” you’ll be taken to a bank reconciliation screen that looks something like this. The charges and cash advances associated with your credit card will appear on the left, while your payments and credits will appear on the right.

How To Enter A Credit Card Payment In QuickBooks Pro

Go through your credit card statement line by line. For each individual transaction on your credit card statement, find the matching transaction in QuickBooks and click it. Continue until all the transactions on your credit card statement are selected.

How To Enter A Credit Card Payment In QuickBooks Pro

Once all of the transactions are selected, go to the bottom right-hand side of your QuickBooks screen. The difference should be zero. If not, something’s gone wrong and you’ll need to pinpoint the mistake (you could be missing a transaction, have been charged twice by the credit card company, or have entered the wrong ending balance).

How To Enter A Credit Card Payment In QuickBooks Pro

Step 6: Save

When the difference is 0.00, your credit card account is balanced! Now click the blue “Reconcile Now” button.

How To Enter A Credit Card Payment In QuickBooks Pro

Step 7: Write A Check

QuickBooks will take you to this screen:

How To Enter A Credit Card Payment In QuickBooks Pro

The “Write a check for payment now” option makes entering a credit card payment easy. You can select that option right away and click “OK,” or you can go in and write a check at a later time.

After you click “OK,” you may receive this popup notification about your reconciliation report. You can view or print a summary reconciliation report or a more detailed reconciliation report.

How To Enter A Credit Card Payment In QuickBooks Pro

Enter A Credit Card Payment

You can either enter a credit card payment by following the reconciliation step above and clicking the “Write a check for payment now” option at the end, or you can go straight to the “Write Checks” icon on the Home page.

Step 1: Select Payment Account

Select the account you will be using to pay for your credit card charges (not the credit card account you are paying).

How To Enter A Credit Card Payment In QuickBooks Pro

Step 2: Select Credit Card Account

Now, skip down to where it says “Account.” Here is where you will select the actual credit card account you are paying. If you come straight from the reconciliation screen, this information will be automatically filled in.

How To Enter A Credit Card Payment In QuickBooks Pro

Step 3: Choose Your Vendor

Go back to the top and use the drop-down menu to select the vendor you are making the payment to.

How To Enter A Credit Card Payment In QuickBooks Pro

Step 4: Enter Check Number

Enter a check number (or adjust the existing check number if needed).

How To Enter A Credit Card Payment In QuickBooks Pro

Step 5: Enter Date

Use the drop-down calendar to make sure the proper payment date is selected.

How To Enter A Credit Card Payment In QuickBooks Pro

Step 6: Enter Payment Amount

If you came straight from the reconciliation screen, QuickBooks will automatically fill in the total outstanding balance on your card. However, you may want to adjust this total or make a partial payment. If that’s the case, enter the custom payment amount.

How To Enter A Credit Card Payment In QuickBooks Pro

Step 7: Write a Memo

You can include a menu to describe this payment if you’d like.

How To Enter A Credit Card Payment In QuickBooks Pro

Step 8: Add Additional Information

At this time, verify that the account name and amount appear correctly and add any additional information (such as another memo).

How To Enter A Credit Card Payment In QuickBooks Pro

Step 9: Save Your Payment

Once your payment looks correct, click the “Save & Close” button. Hit the “Save & New” button if you’re planning on writing more checks.

How To Enter A Credit Card Payment In QuickBooks Pro

Step 10: Check Your Payment

Lastly, go to Lists>Chart of Accounts and select your credit card. You’ll see a screen with all of the recorded charges and payments. Double check that your payment has been properly recorded and that the outstanding balance looks right.

How To Enter A Credit Card Payment In QuickBooks Pro

Once you’ve done this, you’ve successfully recorded your credit card payments in QuickBooks! For more credit card help, check out the other posts in our QuickBooks Pro 101 Series.

For troubleshooting issues, check out the QuickBooks Community or call QuickBooks directly. If you have any further questions, leave a comment below and we’ll do our best to help you.

How To Reconcile A Bank Account

How To Enable Live Bank Feeds

How To Enter A Bill

The post How To Enter Credit Card Payments In QuickBooks Pro appeared first on Merchant Maverick.

“”

How To Enter Credit Card Charges In QuickBooks Pro

QuickBooks Desktop Pro 101 Series

If you have a business credit card, you probably make charges all the time. But how do you enter a credit card charge into QuickBooks Pro?

In this post, we’ll cover the two different ways to enter credit card charges in QuickBooks Desktop Pro so that you can properly manage your business’s finances.

Create A Credit Card Account

Before you can enter credit card charges, you need to make sure that there is an account for your credit card in your chart of accounts. If you’ve read How To Set Up Your QuickBooks Account, you may have already done this. But we’ll go over the process again briefly below.

Begin by going to Lists>Chart of Accounts>Account>New.

Step 1: Select Credit Card

Choose the “Credit Card” option; then click the blue “Continue” button.

How To Enter Credit Card Charges In QuickBooks Pro

Step 2: Enter The Account Name

Enter the name you want associated with your credit card account (i.e. Business Credit Card, Capital One Card, Bank Of America 1234, etc.).

How To Enter Credit Card Charges In QuickBooks Pro

Step 3: Write A Description (Optional)

If you’d like, you can add a description to your credit card account.

How To Enter Credit Card Charges In QuickBooks Pro

Step 4: Enter Your Credit Card Number (Optional)

Type in your credit card number if you want QuickBooks to remember this information.

How To Enter Credit Card Charges In QuickBooks Pro

Step 5: Attach A Tax Line (Optional)

You can attach a tax line to your credit card if you’d like. However, Quickbooks recommends that you leave this field blank unless you are a CPA or tax professional. Read more about tax lines by clicking the blue “How do I choose the right tax line?” link.

How To Enter Credit Card Charges In QuickBooks Pro

Step 6: Input Your Opening Balance (Optional)

You can add an opening balance for your account. You can also select the date of your opening balance using the drop-down calendar.

How To Enter Credit Card Charges In QuickBooks Pro

Step 7: Save Credit Card Account

Click the blue “Save & Close” button to save your credit card account.

How To Enter Credit Card Charges In QuickBooks Pro

Manually Enter Credit Card Charges

To manually enter your credit card charges, go to Banking>Enter Credit Card Charges, or find the “Enter Credit Card Charges” icon on the QuickBooks Pro home screen.

Step 1: Select Your Credit Card

Select the proper credit card for the credit card charge you want to enter (if you only have one credit card, QuickBooks will automatically select that credit card account).

How To Enter Credit Card Charges In QuickBooks Pro

Step 2: Verify Type Of Credit Card Transaction

Take a moment to make sure that “Purchase/Charge” is selected so that your credit card charge is properly recorded.

How To Enter Credit Card Charges In QuickBooks Pro

Step 3: Choose Your Vendor

Select the vendor associated with the credit card charge. You may need to create a new vendor. See our How To Add Vendors In QuickBooks Pro post for assistance.

How To Enter Credit Card Charges In QuickBooks Pro

Step 4: Select The Date

Use the calendar to record the date that the credit card was charged.

How To Enter Credit Card Charges In QuickBooks Pro

Step 5: Add A Reference Number (Optional)

If you have a reference number for the credit card charge, you can enter it now if you’d like.

How To Enter Credit Card Charges In QuickBooks Pro

Step 6: Enter Amount

Enter the credit card charge amount.

How To Enter Credit Card Charges In QuickBooks Pro

Step 7: Add

Include a memo to help you remember what the credit card charge was for.

Step 8: Add Additional Information

Here you can add as much or as little information as you’d like. QuickBooks will automatically put the total amount you entered into the first line. But let’s say, for example, that part of your purchase was office supplies, while part was postage. You could record the information like this:

How To Enter Credit Card Charges In QuickBooks Pro

Or, if you want even more detail, you can enter each item by clicking the “Items” option.

Step 9: Select An Account

No matter how you break up your credit card charge, make sure to use the drop-down menu to select the account in which you want each expense to be categorized.

This will help later when you view your Profit & Loss Statement and when you need to see your tax deductions for the year before filing taxes.

Step 10: Save

Click the “Save & Close” button to record your credit card charge, or click the “Save & New” button if you have more charges to add.

How To Enter Credit Card Charges Into QuickBooks Pro

Import Credit Card Charges Using Bank Feeds

If you don’t want to manually enter every credit card charge, you can import your credit card statements. To do this, follow the steps in our How To Enable Live Bank Feeds In QuickBooks Pro post, entering your credit card account rather than your bank account.

If you choose this option, you will still need to manually enter a vendor and select an expense category for each transaction before you reconcile your credit card account.

Whichever method you choose, always be sure to reconcile your credit card account regularly and stay on top of categorizing your credit charge expenses. This makes your life much easier come tax time and allows you to catch any discrepancies before it’s too late.

For troubleshooting issues, check out the QuickBooks Community or call QuickBooks directly. If you have any further questions, leave a comment below and we’ll do our best to help you.

How To Reconcile A Bank Account

How To Enable Live Bank Feeds

How To Enter A Bill

The post How To Enter Credit Card Charges In QuickBooks Pro appeared first on Merchant Maverick.

“”

How To Handle Merchant Fees In QuickBooks Pro

How To Handle Merchant Fees In QuickBooks Pro

If you accept payments from your customers, whether you’re using PayPal, Stripe, Square, or some other payment processor, you most likely are paying merchant fees. But how do you properly enter merchant fees into QuickBooks?

In this post, we’ll cover how two different ways to enter merchant fees. We’ll explain what to do if your merchant account provider charges you per transaction or via a lump sum at the end of each month. This way, you can know how much money your business actually has, and you can be certain all of your information is correct for year-end taxes.

If you don’t have a payment processor yet but want to be able to accept online payments from your customers, visit our comprehensive merchant account reviews to find the best payment processor for your business.

How To Enter Merchant Fees Per Transaction

If you use PayPal, Square, or a similar payment processor, you are charged a certain percentage for each transaction you process. For example, PayPal charges 2.9% +$0.30/per transaction. Believe it or not, entering this information into QuickBooks Pro is actually fairly simple.

Before you begin, make sure you have created a designated expense account called “Merchant Fees.” If you’re not sure how to do this, follow the steps in our How To Enter Credit Card Charges In QuickBooks Pro post (only select “expense” rather than “credit card”).

Then, go to Customers>Receive Payments or find the “Receive Payments” icon on the home screen.

Step 1: Select Your Customer

Use the drop-down menu to select the customer whose payment you are recording. QuickBooks will pull up all outstanding invoices attached to that customer and autofill information accordingly.

How To Handle Merchant Fees In QuickBooks Pro

Step 2: Enter Payment Amount

Type in the exact amount the customer is paying.

How To Handle Merchant Fees In QuickBooks Pro

Step 3: Select Payment Option

Choose how the customer is paying.

How To Handle Merchant Fees In QuickBooks Pro

Clicking “More” will take you to payment methods like PayPal and Stripe (Note: if this is your first time recording merchant fees, click the “Add New” button to add whatever processor you use.)

How To Handle Merchant Fees In QuickBooks Pro

Step 4: Edit The Date

Make sure the correct date is chosen using the drop-down calendar.

How To Handle Merchant Fees In QuickBooks Pro

Step 5: Enter A Reference Number (Optional)

If you have a reference number, you can enter it now.

How To Handle Merchant Fees In QuickBooks Pro

Step 6: Add Any Additional Info

Now you can add any extra info, like the original amount, amount due, and a memo.

How To Handle Merchant Fees In QuickBooks Pro

 

Step 7: Go To Record Deposit

Now return to your home screen. You should see a red notification on the “Record Deposit” icon. Click on it.

How To Handle Merchant Fees In QuickBooks Pro

Step 8: Select The Transaction

Click next to the payment we just recorded. Once you see the check mark, click okay.

How To Handle Merchant Fees In QuickBooks Pro

Step 9: Select Your Merchant Fees Account

On the line directly underneath the payment you recorded, select your merchant account.

How To Handle Merchant Fees In QuickBooks Pro

Step 10: Enter Merchant Fee

Enter your merchant fee using a negative number. QuickBooks will automatically deduct the merchant fee from the total payment.

How To Handle Merchant Fees In QuickBooks Pro

Step 11: Record Your Deposit

Double check that your screen looks correct and that the total on the bottom right-hand corner appears correct. Then click “Save & Close.”

How To Handle Merchant Fees In QuickBooks Pro

Repeat this process as many times as needed until all of the merchant fees for each payment are properly recorded.

How To Enter Merchant Fees As A Lump Sum

It’s rare, but some processors, like Fattmerchant, charge a monthly merchant fee. If this is the case for your processor, go to the “Check Register” icon on the home page or go to Banking>Use Register and then select the account you use to pay merchant fees.

Step 1: Edit The Date

Make sure the correct date is chosen using the drop-down calendar.

How To Handle Merchant Fees In QuickBooks Pro

Step 2: Choose Your Vendor

Where it says “Payee,” use the drop-down menu to select the vendor you are paying.

How To Handle Merchant Fees In QuickBooks Pro

Step 3: Select Your Merchant Fees Account

Where it says “Account,” use the drop-down menu to select your merchant fees account.

How To Handle Merchant Fees In QuickBooks Pro

Step 4: Add A Memo (Optional)

You can add a memo to describe the payment if you’d like.

How To Handle Merchant Fees In QuickBooks Pro

Step 5: Enter Merchant Fee

Where it says “Payment,” enter your merchant fee payment.

How To Handle Merchant Fees In QuickBooks Pro

Step 6: Save

Click “Record” to save your entry.

How To Handle Merchant Fees In QuickBooks Pro

Now your merchant fee is recorded correctly. You can rest easy knowing that your QuickBooks information is correct.

For troubleshooting issues, check out the QuickBooks Community or call QuickBooks directly. If you have any further questions, leave a comment below and we’ll do our best to help you.

How To Enter Credit Card Charges

How To Enter Credit Card Payments

How To Enter A Bill

The post How To Handle Merchant Fees In QuickBooks Pro appeared first on Merchant Maverick.

“”

The Complete Quickbooks Product Comparison Guide

Complete QuickBooks Product Comparison Guide

Not sure which version of QuickBooks you should choose? Can’t decide if QuickBooks Online or QuickBooks Desktop or some other version of QuickBooks is right for your business?

With five different products to choose from, deciding on the best QuickBooks software can be intimidating. Not to mention the fact that QuickBooks isn’t always the most forthcoming with information about their products!

In this complete QuickBooks Comparison, we’ll explain what each software is capable of, what type of business is best for each version of QuickBooks, and the main differences between each product. We’ll also walk you through what questions to ask so you can pinpoint the perfect QuickBooks software for your business and choose the right QuickBooks accounting solution with confidence.

Don’t have time to read our full comparison post? The following chart breaks down the main differences between QuickBooks Online, QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise, and QuickBooks Self-Employed.

QuickBooks Online QuickBooks Pro QuickBooks Premier QuickBooks Enterprise QuickBooks Self-Employed
Not Yet Rated
Read Review Read Review Read Review Read Review
Visit Site Visit Site Visit Site Visit Site Visit Site
Pricing $15 – $50/mo $299.95 $499.95 $1,100+ $10 – $17/mo
Customer Support Good Poor Poor Good Poor
Ease of Use Easy Difficult Difficult Difficult Very Easy
Size of Business Small Small – Medium Medium Large Freelancers
Number of Users 1 – 25 1 – 3 1 – 5 1 – 30 1
Web-Based or Installed Web-Based Installed Installed Installed Web-Based
Mobile Apps Yes No No No Yes

Overview of QuickBooks Products

QuickBooks OnlineComplete QuickBooks Product Comparison Guide

Launched in 2004, QuickBooks Online (see our review) is a cloud-based accounting software that is used by over 2 million people. With strong accounting capabilities, impressive features, and fully-featured mobile apps, it’s no wonder this is one of our top 5/5 star accounting recommendations.

Best For…

Small businesses with no more than 25 users looking for easy to use, cloud-based accounting software and strong mobile apps.

Pricing

QuickBooks Online (QBO) offers three pricing plans ranging from $15/mo-$50/mo. The larger the plan, the more features you have access to and the more users are allowed. The largest plan includes only five users, though you can though you can add up to 25 users for an additional cost.

Payroll costs an additional $39/mo-$99/mo (plus $2/mo per employee). Luckily, Intuit is almost always running a sales promotion. Read our complete QuickBooks Online review for all the pricing details.

Features

QuickBooks Online offers an incredible number of features and automations. The software covers all the accounting bases as well as invoicing, expense tracking, accounts payable, contact management, project management, and more. Though there are occasional navigation difficulties, QBO is incredibly easy to use overall.

Complete QuickBooks Product Comparison Guide

One of the things that really sets QuickBooks apart from other accounting products is its new lending feature — QuickBooks Capital (see our review). QuickBooks Capital uses the information already in QuickBooks Online to determine if a small business owner is eligible for a loan.

Some of our other favorite features include:

  • Invoice scheduling
  • Class tracking
  • Inventory
  • Time tracking
  • Print checks

QBO offers over 250 integrations, which is the most of any QuickBooks product.

QuickBooks is generally known for poor customer support, but QuickBooks Online has worked hard lately to revive their reputation by eliminating long wait times and redesigning their help center.

If integrations, ease of use, and mobility are important to you, QuickBooks Online is your best bet. If you want to see how QuickBooks Online stacks up against other QuickBooks products, continue reading.

View our comprehensive QuickBooks Online review for more information on this small business accounting software or sign up for a free trial if you think this version of QuickBooks is right for you.

Read our full QuickBooks Online review

Visit the QuickBooks Online website

QuickBooks ProComplete QuickBooks Product Comparison Guide

Launched back in 1992, QuickBooks Desktop Pro (see our review) is the software that put QuickBooks on the map. This 5/5 star software is locally-installed and offers highly developed features.

Best For…

Small to medium-sized business with three users or fewer looking for strong accounting or a locally-installed software.

Pricing

There are two pricing options for Quickbooks Desktop Pro. You can either purchase a QuickBooks Pro license for $299.95 or purchase a yearly subscription of Quickbooks Pro Plus for $299.95/yr.

If you go with the QuickBooks Pro license, it should last you three years, after which Intuit drops support for the software. Phone support costs extra. If you go with QuickBooks Pro Plus, updates and phone support are included. Additional users cost extra. For the full scoop on QuickBooks Pro’s pricing, check out our review.

Features

As we mentioned earlier, QuickBooks Pro has an unbelievable number of features. In terms of accounting, QuickBooks Pro is one of the most developed solutions, boasting a chart of accounts, journal entries, bank reconciliation, 200+ reports, and more. These highly developed features do have a steep learning curve, but for accountants, those with accounting experience, or the business owner who just wants to get their accounting right, taking the time to learn the software can pay off.

Complete QuickBooks Product Comparison Guide

The best part is that QuickBooks Pro not only offers a lot of features, but each feature is highly developed. Intuit truly thought of everything with this one — even spell check.

Some of our other favorite QuickBooks Desktop Pro features include:

  • Invoicing
  • Project management
  • Job costing
  • Calendar and to-do lists
  • Accounts payable
  • Budgeting
  • Tax support

QuickBooks Pro offers over 175 integrations, which is an impressive number for a locally-installed software. Unlike QuickBooks Online, QuickBooks Pro still suffers from poor customer support.

QuickBooks Pro can be a great option for businesses looking for strong accounting or in need of locally-installed software. The learning curve makes this software ideal for people who have previous accounting experience.

If you want to learn more about how QuickBooks Pro stacks up to other desktop selections keep reading. You can also read our complete QuickBooks Pro review for more details on this software option.

Read our full QuickBooks Desktop Pro review

Visit the OnDeck website

QuickBooks PremierComplete QuickBooks Product Comparison Guide

QuickBooks Desktop Premier is the next step for medium-sized businesses looking for the same strong accounting as QuickBooks Pro, but with more users and industry-specific features (and a lower cost than QuickBooks Enterprise). Desktop Premier is a robust, locally-installed software with plenty of features and a good number of integrations.

Best For…

Small to medium-sized businesses with 5 users or fewer in need of the strong accounting and industry-specific accounting features.

Pricing

QuickBooks Desktop Premier’s pricing structure is nigh identical to QuickBooks Pro’s. There are two pricing options for Quickbooks Premier. You can either purchase a QuickBooks Premier license for $499.95 or purchase a yearly subscription of Quickbooks Premier Plus for $499.95/yr.

If you go with the QuickBooks Premier license, phone support costs extra. If you go with QuickBooks Pro Plus, updates and phone support are included. For the full scoop, visit QuickBooks Premier’s pricing page.

Features

QuickBooks Premier is optimized for strong accounting. Like QuickBooks Pro, there is a steep learning curve here, but the software includes certain features Pro lacks, including business plans, inventory assemblies, and sales forecasting.

Complete QuickBooks Product Comparison Guide

The real thing that sets QuickBooks Premier apart from QuickBooks Pro is the industry-specific features. You can choose the standard edition of QuickBooks Premier or you can choose one of five specialized editions: Contractor, Manufacturing & Wholesale, Nonprofit, Professional Services, and Retail.

Here are some other features to expect with QuickBooks Desktop Premier:

  • Industry-specific reports
  • Sales orders
  • Print shipping labels

QuickBooks Premier offers 173 integrations, and customer support is similar to that of QuickBooks Pro.

Before deciding on QuickBooks Premier, continue reading for more information. You don’t want to spend extra money if the features aren’t worth it.

If you want to learn more about QuickBooks Premier or are certain that your business does need industry-specific features, check out QuickBooks Premier’s website. QuickBooks doesn’t readily advertise a QuickBooks Premier free trial, but there is one available in the QuickBooks Community.

Visit the QuickBooks Premier website

QuickBooks EnterpriseComplete QuickBooks Product Comparison Guide

QuickBooks Desktop Enterprise (see our review) has the same great accounting capabilities of Pro and Premier but allows access for up to 30 users and much more storage space. With six industry-specific versions, QuickBooks Enterprise has highly developed features to meet the needs of nearly any large business.

Best For…

Large businesses with 30 users or fewer looking for industry-specific accounting and advanced accounting.

Pricing

QuickBooks Desktop Enterprise features three annual subscriptions: Silver (starts at $1,100/yr), Gold (starts at $1430/yr), and Platinum (starts at $1,760).

Price is determined by the plan you select and the number of users you have. You can purchase Intuit Field Service Management at an additional cost. For the full scoop on pricing, read our complete QuickBooks Enterprise review.

Features

In terms of features, QuickBooks Enterprise is about as close as you can get to an ERP without making the switch to full-on business management software. In addition to the strong accounting you’d expect with a QuickBooks desktop product, QuickBooks Enterprise provides invoicing, expense tracking, contact management, project management, job costing, and more.

Complete QuickBooks Product Comparison Guide

You can opt for the normal version of QuickBooks Desktop Enterprise, or you can choose one of the six industry-specific editions for added features: Contractor, Manufacturing & Wholesale, Nonprofit, Retail, Professional Services, and Accountant. Read our post A Quick Guide To The 6 Industry Specific Editions Of QuickBooks Enterprise for a peek at what each edition has to offer.

Some other notable features include:

  • Lead management
  • Accounts payable
  • Inventory
  • Business plans
  • Loan manager
  • Tax support

Like QuickBooks Pro, QuickBooks Enterprise also integrates with over 160 third-party apps.

QuickBooks support puts its best foot forward for QuickBooks Enterprise customers. Representatives are responsive and friendly, and there are tons of support resources to choose from.

That being said, QuickBooks Enterprise does have its drawbacks. The software is incredibly expensive, and for the price you’re paying, certain features — like invoicing, project management, time tracking, and importing — are fairly limited. Additionally, the software is more suited for large businesses rather than enterprises, making its name slightly misleading.

If this software still sounds like it might be the right choice for your business, read on to see how it compares to other QuickBooks products or check out our complete QuickBooks Enterprise review. You can also sign up for a free trial of any edition of QuickBooks Enterprise.

Read our full QuickBooks Enterprise review

Visit the QuickBooks Enterprise website

QuickBooks Self-EmployedComplete QuickBooks Product Comparison Guide

QuickBooks Self-Employed (see our review) is different from the other QuickBooks Products in that it isn’t quite accounting software. QuickBooks Self-Employed is a tax software created to help freelancers manage their finances, handle estimated quarterly taxes, and calculate deductions.

Best For…

Freelancers, contractors, and other self-employed individuals in need of basic bookkeeping and tax support.

Pricing

There are two pricing options for QuickBooks Self-Employed. You can either pay $10/mo for all of the features QuickBooks Self-Employed has to offer, or you can pay $17/mo, which will add a Turbo Tax integration to your plan.

Intuit is almost always running a sales promotion, so be sure to check any possible discounts before purchasing. To learn more, read our complete QuickBooks Self-Employed review.

Features

Like QuickBooks Online, Quickbooks Self-Employed is an easy to use, cloud-based software with strong mobile apps. The features are designed specifically for freelancers and address needs like tax support and deductions. You can easily separate personal and business expenses, which is ideal for freelancers who don’t have a separate business bank account.

Complete QuickBooks Product Comparison Guide

Not only does Quickbooks Self-Employed help freelancers navigate the scary waters of estimated quarterly taxes, it also gives them basic bookkeeping tools to track income and expenses.

Here are some other features you can expect with QuickBooks Self-Employed:

  • Invoicing
  • Fixed asset depreciation
  • Schedule Cs
  • Tax checklist

Quickbooks Self-Employed has very limited integrations, but the Turbo Tax integration is one the greatest parts of the software. When you’re ready to file taxes, you can pull all of your QuickBooks Self-Employed data directly into Turbo Tax to make filing easy.

Unfortunately, QuickBooks Self-Employed’s customer support is even worse than QuickBooks Pro’s. There is no phone support and additional support resources are limited. There is a live chat feature and help center if you need assistance.

There’s one other drawback users should be aware of: QuickBooks Self-Employed only offers federal tax support, so you’ll have to handle your state taxes another way.

That being said, QuickBooks Self-Employed is a great option for freelancers, contractors, or other self-employed individuals. If that’s you, you won’t find any other QuickBooks product that is more tailored to your specific tax needs.

If you want to learn more, read our complete QuickBooks Self-Employed review. If you’re already sold on QuickBooks Self-Employed, sign up for a free trial.

Read our full QuickBooks Self-Employed review

Visit the QuickBooks Self-Employed website

How To Choose The Right Version Of QuickBooks For Your Business

If you read the overview of each QuickBooks product, you may already have an idea of which version of QuickBooks is best for your small business. If not, don’t worry. These five questions will help you narrow down your search and find what you’re looking for.

Do You Want Cloud-Based Or Locally-Installed Software?

The first major deciding factor is whether or not you want cloud-based or locally-installed software.

Cloud-based software operates entirely in the cloud (on the internet). Some perks of cloud-based software include:

  • Mobility
  • Access for multiple users in different locations
  • SaaS subscription-based pricing model
  • Security is handled by the software provider
  • Usually comes with mobile apps

Locally-installed software is downloaded and installed on a single, on-premise computer. Some perks of locally-installed software include:

  • No internet access required
  • More complex and feature-rich
  • Potentially more secure (you are responsible for security)

Most small businesses prefer cloud-based software as it is often more affordable, easier to use, and keeps up with our society’s mobile lifestyle. However, locally-installed software can be more secure and offers a level of feature depth that the cloud often can’t touch.

Deciding which type of software works best for your business model can make your QuickBooks choice a whole lot easier. If you want cloud-based software, there’s QuickBooks Online and QuickBooks Self-Employed. If you want locally-installed software, you can take your pick from QuickBooks Pro, QuickBooks Premier, or QuickBooks Enterprise.

Are You A Mac Or Windows User?

QuickBooks Pro, Premier, and Enterprise are all designed for Windows. So if you’re a Mac user, you’re down to two options: QuickBooks Online and QuickBooks Enterprise.

What Type Of Business Do You Run?

The type of business you run has a huge influence on which QuickBooks product is right for you. If you’re a freelancer, QuickBooks Self-Employed is the obvious choice. If you’re running a small business, you’ll be comparing QuickBooks Online or QuickBooks Pro.

Larger businesses will be looking at QuickBooks Premier or QuickBooks Enterprise, depending on the number of users they need.

How Many Users Do You Need?

The number of users you need will also help determine which software is best for your business. Take a look at this chart to see which product suits your business’s size.

QuickBooks Self-Employed: 1 user
QuickBooks Pro: 1 – 3 users
QuickBooks Premier: 1 – 5 users
QuickBooks Online: 1 – 25 users
QuickBooks Enterprise: 1 – 30 users

Note: This chart shows the maximum number of users available with each version of QuickBooks, which may cost extra.

How Much Accounting Experience Do You Have?

If you don’t know much about accounting, you’ll want to shy away from QuickBooks Pro, Premier, or Enterprise, unless you’re willing to put in the time to learn.

QuickBooks Online and QuickBooks Self-Employed are much easier options to grasp if you don’t have much experience or just want to keep balancing the books simple.

On the other hand, if you’re an accountant or someone with a great deal of accounting experience, you may like the complexity of the QuickBooks desktop options as they stick to more traditional accounting.

QuickBooks Product Comparison

Here is a more detailed QuickBooks comparison so you’ll know exactly what you’re getting with each software and can easily tell the differences between each version of QuickBooks.

Read Review
Visit Site

Read Review
Visit Site

Read Review
Visit Site

Read Review
Visit Site

Read Review
Visit Site

Pricing $15-$50/mo $299.95 $499.95 $1,100/yr+ $10-$17/mo
Extra Cost for Phone Support None $249.95/yr or $89.95/three months $89/three months None None
Web-hosted or Locally-installed Web-hosted Locally-installed Locally-installed Locally-installed Web-hosted
Number of Users 1-25 1-3 1-5 1-30 1
User Permissions ✔ ✔ ✔ ✔ N/A
Support for Multiple Companies ✘ ✔ ✔ ✔ ✘
Size of Business Small Small to medium Medium Large Freelancers
Ease of Use Easy Difficult Difficult Difficult Very easy
Learning Curve Small learning curve Steep learning curve Steep learning curve Steep learning curve No learning curve
Customer Support Good Poor Poor Good Poor
Numbers of Integrations 250 160 160 160 4
Number of Payments Gateways 16 13 13 13 1
Invoices ✔ ✔ ✔ ✔ ✔
Number of Templates 5 9 8 5 1
Customizable Templates ✔ ✔ ✘ ✘ ✘
Invoice Customizations ✔ ✔ ✔ ✔ ✘
Recurring Invoices ✔ ✔ ✔ ✘ ✘
Autoschedule Invoices ✔ ✘ ✘ ✘ ✘
Batch Invoices ✔ ✔ ✔ ✔ ✘
Invoice Reminders ✔ ✔ ✔ ✔ ✘
Invoice Discounts ✔ ✔ ✔ ✔ ✘
Online Payments ✔ ✔ ✔ ✔ ✔
Snail Mail Option ✔ ✔ ✔ ✔ ✘
Invoice Receipts ✔ ✔ ✔ ✔ ✘
Default Email Messages ✔ ✔ ✔ ✔ ✘
Default Invoice Notes ✔ ✔ ✔ ✔ ✔
Default Terms and Conditions ✔ ✘ ✘ ✘ ✔
Packing Slips ✔ ✔ ✔ ✔ ✘
Purchase Orders ✔ ✔ ✔ ✔ ✘
Estimates ✔ ✔ ✔ ✔ ✘
Convert Estimates to Invoices ✔ ✔ ✔ ✔ ✘
Accept Quotes Online ✔ ✔ ✔ ✔ ✘
Contact Management ✔ ✔ ✔ ✔ ✘
Lead Management ✘ ✘ ✘ ✔ ✘
Customer Credit Memo ✔ ✔ ✔ ✔ ✔
Refunds ✔ ✔ ✔ ✔ ✔
Map & Directions ✘ ✔ ✔ ✔ ✘
Expense Tracking ✔ ✔ ✔ ✔ ✔
Chart of Accounts ✔ ✔ ✔ ✔ ✘
Sales Orders ✘ ✘ ✔ ✔ ✘
Sales Receipts ✘ ✘ ✔ ✔ ✘
Accounts Payable ✔ ✔ ✔ ✔ ✘
Recurring Bills ✔ ✔ ✔ ✔ ✘
Automatic Bill Reminders ✔ ✔ ✔ ✔ ✘
Bank Reconciliation ✔ ✔ ✔ ✔ ✔
Automatic Categorization ✔ ✔ ✔ ✔ ✔
Custom Bank Rules ✔ ✔ ✔ ✔ ✔
Live Bank Feeds ✔ ✔ ✔ ✔ ✔
Manual Bank Statement Import ✔ ✔ ✔ ✔ ✔
Project Management ✔ ✔ ✔ ✔ ✘
Tasks ✘ ✔ ✔ ✔ ✘
Assign Tasks to Employees ✘ ✔ ✔ ✔ ✘
Job Costing ✔ ✔ ✔ ✔ ✘
Time Management ✔ ✔ ✔ ✔ ✘
Manually Enter Time ✔ ✔ ✔ ✔ ✘
Built-in Timer ✘ ✔ ✔ ✔ ✘
Bill Time to Customer as Invoice ✔ ✔ ✔ ✔ ✘
Payroll ✔ ✔ ✔ ✔ ✘
Direct Deposit ✔ ✔ ✔ ✔ ✘
Inventory ✔ ✔ ✔ ✔ ✘
Low Stock Reminders ✔ ✔ ✔ ✔ ✘
Inventory Bundles ✔ ✘ ✘ ✘ ✘
Number of Reports 27-75 200+ 135 140 3
Budgeting ✔ ✔ ✔ ✔ ✘
Journal Entries ✔ ✔ ✔ ✔ ✘
Class Tracking ✔ ✔ ✔ ✔ ✘
Letter Templates ✘ ✔ ✔ ✔ ✘
Thank You Notes ✘ ✔ ✔ ✔ ✘
To-Do-Lists ✘ ✔ ✔ ✔ ✘
Print Checks ✔ ✔ ✔ ✔ ✘
Calendar ✘ ✔ ✔ ✔ ✘
Mileage Deductions ✔ ✔ ✔ ✔ ✔
Home Office Deduction ✘ ✘ ✘ ✘ ✔
Tax Checklist ✘ ✘ ✘ ✘ ✔
1099-MISC’s ✔ ✔ ✔ ✔ ✘
W-2’s ✔ ✔ ✔ ✔ ✘
W-3’s ✘ ✔ ✔ ✔ ✘
1096’s ✘ ✔ ✔  ✔ ✘
940’s ✘ ✔ ✔ ✘ ✘
941’s ✘ ✔ ✔ ✘ ✘
944’s ✘ ✔ ✔ ✘ ✘
Schedule C’s ✘ ✘ ✘ ✘ ✔
E-file Tax Forms ✔ ✔ ✔ ✔ ✔
Sales Tax ✔ ✔ ✔ ✔ ✘
Multi-Currency Support ✔ ✔ ✔ ✔ ✘
API ✔ ✔ ✔ ✔ ✘
Import ✔ ✘ ✘ ✘ ✘
Export ✘ ✔ ✔ ✔ ✔
Upload and Save Documents ✘ ✔ ✔ ✔ ✘

Final Thoughts

Now you know exactly what to expect from each version of QuickBooks in terms of features, pricing, and usability. While the numerous options seem intimidating at first, each version of QuickBooks is designed to reach a certain business size and type.

If a specific version of QuickBooks stood out to you, we recommend taking the software for a test run to make sure you love using it.

If after reading this post, you aren’t convinced that any version of QuickBooks is right for you, or if you just want to consider all of your options, our comprehensive accounting reviews can help you find the perfect accounting software for your business. Take a look at these additional resources for more QuickBooks alternatives.

The Best QuickBooks Online Alternatives

The Best Alternatives to QuickBooks Pro

The post The Complete Quickbooks Product Comparison Guide appeared first on Merchant Maverick.

“”

Best Accounting Software For Macs

Best Accounting Software For Macs

Are you a loyal Mac-lover looking for accounting software? You’ve come to the right place!

When there are so many accounting options out there, finding the best small business accounting software for Macs isn’t easy — especially now that QuickBooks has discontinued QuickBooks Mac. Luckily for you, we’ve created this list of the top five best accounting software programs for Mac users.

Each of these programs offers tons of features and has a 4/5 star rating (or higher) on our site. We’ve picked a variety of accounting software programs that target different business sizes, needs, and price ranges so that you can find the best Mac accounting solution for your small business.

Read on to learn which option is right for you.

AccountEdge

AccountEdge

When most people think about accounting software, they’re really thinking about QuickBooks (the notoriously difficult to learn, locally-installed software for Windows). AccountEdge (see our review) offers the same sort of functionality as QuickBooks Pro, but for Mac users.

AccountEdge is an on-premise, traditional accounting program. Because AccountEdge is locally-installed, the software is far more developed and offers much more functionality than the other programs on this list. For example, it’s the only software of the five to offer lead management. But these features come at the cost of a steep learning curve.

The software is also more limited than its cloud-based counterparts in that there is no mobility and the cost of extra users adds up fast. However, for those with accounting experience who are planning on sticking with one software for a few years, AccountEdge can be an economical choice and may even prove to be less expensive than some cloud-based alternatives.

Best Accounting Software For Macs

Features

AccountEdge is a fully-developed accounting solution with tons of great features for running a business:

  • Invoicing
  • Quotes
  • Contact management
  • Lead management
  • Expense tracking
  • Bank reconciliation
  • Accounts payable
  • Chart of accounts
  • Inventory
  • Project management
  • Time tracking
  • Payroll
  • Commission
  • 100+ reports
  • Customizable cards
  • Budgeting
  • Sales tax
  • Multi-currency support

Note: Some features are only available with AccountEdge Pro.

Pricing

AccountEdge Basic costs a one-time fee of $149 for a new user license, while AccountEdge Pro (which includes all of the features listed above) runs $399 for a new user. Each license comes with a single-user; additional users cost extra. Any future AccountEdge upgrades are offered at a discounted rate.

If you’re looking for a locally-installed Mac accounting software, you really can’t beat AccountEdge. Read our full AccountEdge review to learn more about this software or give it a whirl with the free 30-day trial.

Xero

Best Xero Alternatives

Xero (see our review) has been a force to be reckoned with in the accounting world since 2006. This software (and all of the other Mac accounting options) in this post differ from AccountEdge in one significant way: they are cloud-based. Instead of installing the software on your computer, the software is accessed via the internet. That means that Mac and Windows users alike can benefit from Xero.

Xero offers strong accounting, incredible customer service, and an impressive number of positive customer reviews. Xero also allows for unlimited users, something almost unheard of in the accounting world.

The software is ideal for medium-large businesses in need of strong accounting and multiple users. Xero allows you to set detailed user permissions and manage multiple companies. While there is a small plan marketed toward smaller businesses, this plan is incredibly limited when compared to similar offerings by other cloud accounting programs (like Wave and Zoho Books for example). Payroll is only available in 37 states.

Best Accounting Software For Macs

Features

Xero offers a great selection of features:

  • Invoicing
  • Estimates
  • Contact management
  • Expense tracking
  • Accounts payable
  • Bank reconciliation
  • Chart of accounts
  • Fixed asset management
  • Inventory
  • Project management
  • Timesheets
  • Payroll
  • 65 reports
  • Journal entries
  • Print checks
  • Tax support
  • Sales tax
  • Multi-currency support

Note: Feature access may vary by plan. Visit our comprehensive Xero review for a complete feature list.

Pricing

Xero offers five scalable price plans ranging from $9/mo – $180/mo. Payments are made monthly. Each plan comes with unlimited users. Check Xero’s pricing page for more details.

If Xero sounds like it might be a good fit for you, check out our comprehensive Xero review and/or take the software for a spin with a free 30-day trial. If you do end up going with this accounting software, take a look at How To Set Up Your Xero Account, a free guide that walks you through how to set up and use your Xero software.

QuickBooks Online

QuickBooks Capital Review

QuickBooks Online (see our review) was launched in 2004. Since then, this robust software has grown to support over 2.2 million users. QuickBooks Online is cloud-based software with over 500 integrations and beautiful invoicing automations and customizations.

In the past, QuickBooks Online was fairly intuitive and required little previous accounting experience, but a recent downgrade in usability has made the software fairly difficult to navigate. However, the software is updated monthly so (hopefully) this could change soon.

The software is ideal for all types of small businesses, particularly those in need of strong accounting and ample integrations. It is not a good fit for companies with more than 25 users.

Best Accounting Software for Macs

Features

QuickBooks Online offers an impressive number of features. These features are often a lot easier to use than those of locally-installed alternatives:

  • Invoicing
  • Invoice automations (like autoscheduling)
  • Estimates
  • Basic client portal
  • Contact management
  • Expense tracking
  • Bank reconciliation
  • Accounts payable
  • Chart of accounts
  • Inventory
  • Project management (beta)
  • TIme tracking
  • Reporting
  • Budgeting
  • Class tracking
  • packing slips
  • Tax support
  • Sales tax
  • Multi-currency support

Note: Feature access may vary by plan. Visit our comprehensive QuickBooks Online review for a complete feature list.

Pricing

QuickBooks Online offers three pricing plans ranging from $15/mo – $50/mo. Plans are paid monthly and payroll costs an additional $39/mo – $99/mo. Check QuickBooks Online’s pricing page for more details.

If you’re interested in QuickBooks Online, read our complete QuickBooks Online review for more details and take advantage of the free 30-day trial.

Zoho Books

Best Accounting Mobile Apps

Zoho Books (see our review) is a complete accounting package with some of the most beautiful invoicing tools I have ever seen. The software was launched in 2009 and is an easy accounting software for Mac users to learn and use.

Overall, Zoho Books is incredibly affordable, offers good customer support, has amazing mobile apps, and provides some of the best international business options on the market.

Zoho Books is ideal for small to medium businesses (with up to 10 users) that are looking for strong accounting capabilities. Zoho Books has almost all of the features you’d find in QuickBooks or Xero; the only thing the software doesn’t offer is payroll or budgeting, so users in need of built-in payroll may want to look elsewhere.

Best Accounting Software For Macs

Features

Zoho Books offers an impressive number of features:

  • Invoicing
  • Estimates
  • Client portal
  • Contact management
  • Expense tracking
  • Mileage deductions
  • Accounts payable
  • Chart of accounts
  • Fixed asset management
  • Inventory
  • Time tracking
  • Project management
  • 50+ Reports
  • Journal entries
  • Class tracking
  • Print checks
  • Tax support
  • Sales tax
  • Multi-currency support
  • Invoice in multiple languages

Note: Feature access may vary by plan. Visit our comprehensive Zoho Books review for a complete feature list.

Pricing

Zoho Books offers three pricing plans ranging from $9 – $29/mo. Plans are paid monthly. Features vary by plan. Check out Zoho Book’s pricing page to learn more.

If Zoho Books sounds like it might be the best Mac accounting software option for your business, or if you’re interested in learning more, be sure to read our complete Zoho Books review and take advantage of the free 14-day trial.

Wave

Best QuickBooks Online Alternatives

Wave (see our review) is the best free accounting software for Mac users. And just because it’s free doesn’t mean it’s skimping on features. The software is incredibly robust and very easy to use. Wave offers strong accounting, decent invoicing, and built-in lending. The customer support is great and user reviews are positive almost across the board.

The ability to separate personal and business expenses makes Wave ideal for freelancers and microbusinesses, while complex accounting features (like a detailed chart of accounts) will meet the needs of most any small business. The software is ideal for businesses looking to save a bit of money. There is an Etsy-integration as well, which makes Wave a perfect choice for Etsy sellers. The software is not ideal for users in need of cash-basis accounting.

Best Accounting Software For Macs

Features

Wave offers an impressive number of features, especially for a free accounting software. These features are easy to navigate and don’t require a background in accounting to use:

  • Invoicing
  • Estimates
  • Contact management
  • Expense tracking
  • Separate personal and business expenses
  • Accounts payable
  • Bank reconciliation
  • Chart of accounts
  • Item list
  • Time tracking
  • Lending
  • 12 reports
  • Multi-currency support
  • Sales tax

Pricing

As I mentioned earlier, Wave is a free accounting solution. However, there are a few extra costs to be aware of. Namely, payroll and credit card processing come at an additional price. Be sure to check Wave’s pricing page for the full scoop on these costs.

If this free software sounds tempting, you’ll want to read more about it in our full Wave review. You can also sign up for a free Wave account to give it a try (and cancel at any time).

Which Software Should I Choose?

When it comes to choosing the best small business accounting software for Mac users, we couldn’t pick a single favorite. There are several great Mac accounting options, and choosing which one is right for your business will ultimately depend on your business’s size, needs, and price range.

To summarize:

  • AccountEdge: AccountEdge is the best locally-installed accounting software for Mac users. The software offers more features than any of the other Mac accounting software alternatives, but there is a learning curve and the software is not ideal for businesses with multiple users.
  • Xero: Xero is an incredibly robust accounting option that is ideal for medium to large businesses. The software also has a bit of a learning curve, but it offers unlimited users and great customer support.
  • QuickBooks Online: QuickBooks Online is one of the best small business accounting options. It has hundreds of integrations and plenty of features for most businesses. The software isn’t the easiest to use, and customer support can be a hit or miss.
  • Zoho Books: Apart from Wave, Zoho Books is the easiest accounting software for Mac users to learn. It offers true accounting, beautiful invoicing, and competitive pricing. The software is ideal for small to medium-sized business who don’t need payroll or a lot of integrations.
  • Wave: Wave is the best free accounting software for Macs. The software offers true accounting, but is easy to use and suits the needs of freelancers, micro businesses, and most small businesses. It’s not as comprehensive as AccountEdge or Xero, but the price tag is enticing.

When choosing between these five options, one of the first questions you should ask is: Do I want locally-installed or cloud-based software? 

If you’re set on a locally-installed program, then the decision’s already made for you — AccountEdge is the way you should go. If you prefer the mobility of cloud-based software, then Xero, QuickBooks Online, Zoho Books, or Wave would be better options.

For additional help choosing which software is best for your small business, read 10 Questions To Ask Before Choosing Accounting Software. I also highly recommend reading our reviews and taking advantage of free trials before committing to any solution. Read the Complete Guide to Choosing Online Accounting Software and Accounting Software: Cloud-based or Locally Installed? for extra help.

Good luck on your journey to finding the perfect accounting software for your Mac, and feel free to reach out if you have any questions along the way.

The post Best Accounting Software For Macs appeared first on Merchant Maverick.

“”