Once you’ve recorded your billable time, you can add them to your invoice and then send it to your client. This feature is ideal for service-based businesses that charge work by the hour, such as lawyers and independent contractors. QuickBooks Online is our overall best small business accounting software. To help narrow down the best plan for your business, answer a few short questions below.
Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships. 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.
Accurate Books Guarantee is only available for active customers of QuickBooks Live Monthly Bookkeeping who have provided their current business tax return. If your Live Bookkeeper makes an error that requires you to re-open your books for any month, we’ll correct the error in your books for the month that the error occurred at no additional charge. Terms, conditions, pricing, subscriptions, packages, features, service and support options are subject to change at any time without notice.
- Because your bookkeeper can’t represent your business before the IRS, they can’t give tax advice or guidance.
- The company doesn’t plan to compete with accounting professionals.
- You’ll automatically receive any new versions of our product that are released, when and if available, along with updates to your current version.
- Integrate with the apps you use today and expand your toolkit with access to more than 200 apps.
- Essentials is preferable if you need to track unpaid bills, while Plus is great if you require inventory and project management.
- QuickBooks Bridging Software supports Standard and Cash schemes.
While cost is an important consideration, it shouldn’t be the only deciding factor when evaluating your accounting software options. Each version has its pros and cons, so factor in ease of use and key features before making a final decision. To manage payroll through QuickBooks Payroll, you’ll need to pay a fee for this add-on service, with plans ranging from $45 to $125 per month, plus an additional $5 to $10 per employee per month. Although QuickBooks Online is a great cloud-based accounting platform, it isn’t the only one. QuickBooks Self-Employed is suitable for freelancers and independent contractors who want to be able to track all their business expenses (such as rent or marketing) in one place.
Find a plan that fits you
They consider the various needs for each type of client they serve. Then they develop packages which address the specific needs for that ideal client. Intuit’s payroll service is what is below the line in film and which crew members qualify available in three different packages, making it easy to find a program that meets both your needs and budget. Features and price vary according to which package you choose.
Note that Intuit often runs promotions that reduce the first three months of its plans by as much as 70%. With Plus, you can create projects and add income, expenses, and wages. The Projects tool helps you manage different jobs and projects for your clients and track costs related to labor and materials. However, the problem with Plus or any of the other versions is that you can’t compare cost estimates to actual costs by project. Simple Start runs basic reports, including cash flow statements, profit and loss (P&L) statements, and balance sheets. Some of the other 20-plus built-in standard reports available include P&L by month and customer, quarterly P&L summaries, and general ledger.
NerdWallet’s List of Best QuickBooks Alternatives
Integrations are third-party add-ons that give you additional features and capabilities. For example, software such as Shopify, QuickBooks Time, and Mailchimp are all integrations. QuickBooks Pro offers 244 integrations to choose from, QuickBooks Premier has 241 integrations, and QuickBooks Enterprise offers 247 integrations. Each of these versions gives you access to specialized features and reports at no additional cost. If you want the benefits of QuickBooks Premier Plus with QuickBooks Enhanced Payroll, sign up for the QuickBooks Premier Plus + Payroll plan. QuickBooks Premier Plus + Payroll costs $1,049.99/year, although Intuit frequently offers significant discounts on this product.
Additional QuickBooks Enterprise Costs
QuickBooks Premier is ideal for small businesses looking for industry-specific features. You can purchase QuickBooks Premier Plus or have access to built-in payroll with QuickBooks Premier Plus + Payroll. Your annual subscription to either plan includes automated data recovery and backups, unlimited customer support, and automatic updates.
Top performer Bookkeeping software
Telecommunication services offer phone and internet services together because a large number of customers want both. Similarly when a client looks for services, what they really want is an easy fix. Packages bundle everything together, offering a one-stop solution for their business problems. Glen, a local attorney, started to search for a new bookkeeper. As she guides him through a value consultation, she discovers that he needs payroll and tax services too.
The evolution of our strategy is to become an AI-driven expert platform. This is about becoming an open, trusted and easy to build on platform where are we and other partners solve the most pressing customer problems and deliver awesome experiences. We’re also solving one of the largest power of problems our customers face, lack of confidence, by connecting them with experts on our platform. All QuickBooks Online plans come with a one-time Guided Setup with an expert and customer support. You can use an expense management app to integrate with QBO.
If you report income on Schedule C of your personal income tax return, this cost-effective option might be best for you. Through the categorization, reconciliation, and books close process, your Live Bookkeeper ensures your books are accurate. Your bookkeeper can’t, however, prepare or file your taxes for you as part of your Live Bookkeeping service—even if they’re a credentialed CPA. But with 12 months of accurate books, your finances are accurate and ready to file taxes at year end. Try it today and find out how it can save you time and money. If you need more mobility than this locally-installed software offers, you can sign up for the QuickBooks Gold with cloud access packages.
The cost is $79 per month for the first six months, increasing to $99 per month after that, plus $2 per employee. Intuit does not offer an annual pre-pay discount for the Full Service package. Another benefit of Intuit is that it automatically updates as labor laws change at both the state and federal levels, including poster compliance. Intuit also offers its users tips and tools to aid them in attracting and retaining the best employees. One of the greatest features of any payroll service is automation. This allows you to pay your employees on time and accurately, two things that any employee appreciates.
The traditional way of offering their services isn’t the best business model. Rather than trade dollars for hours, become more client-centered. The traditional bookkeeping firm offers ala-carte services. As a result, the rate for services remains open-ended rather than capped.