QuickBooks Online is one of the leading cloud-based accounting platforms available in today’s market. It comes with five different plans for different needs in different price ranges. Just like the desktop version, the online version of QuickBooks software includes various advanced features such as expense tracking, invoicing, and financial reporting. However, by upgrading to QuickBooks Online, QB users can ensure that their company financial data is stored in a secured cloud and accessible from anywhere. Furthermore, upgrading to QuickBooks Online allows users to stay updated with automatic backups and updates easily. It even simplifies the process of collaborating with accountants and bookkeepers in real time.
Benefits of Upgrading to QuickBooks Online
If your business requires more advanced features, such as inventory management or multi-currency support, upgrading to QuickBooks’ online version can provide access to these additional features.
There are several benefits that users can avail of by upgrading to the QuickBooks online version from their desktop. Below is further information on some of them.
Integration With Third-Party Apps:
QuickBooks Online provides a wide range of integrations with third-party applications. It helps businesses extend the functionality of their software by connecting with different tools for inventory management, e-commerce, and payroll. It results in making the tool a more versatile and scalable solution for different business needs.
Automated Backups and Upgrades:
As QuickBooks Online is a cloud-based version, it means that users don’t have to manually update their software to the latest release, just like the QB desktop version. The software is automatically updated with the latest features and security updates, and it helps safeguard the security of financial information.
Easily Accessibility and Portability:
QuickBooks Online allows its users to easily access their financial data from anywhere across the globe through an active internet connection. It is particularly beneficial for businesses that deal with multiple locations, remote teams, or those who want to manage their finances on the go.
Automatic Bank Feeds and Transaction Categorization:
By automatically importing and categorizing transactions, QuickBooks Online software helps streamline the process of reconciling bank transactions. It provides users with an accurate and updated view of their financial transactions, saves their time, and eliminates the chances of manual data entry errors.
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QuickBooks Online Pricing Chart
QuickBooks Online software is best for businesses that deal with multiple locations and remote teams. It provides the advantage of real-time collaboration and access to their financial data from anywhere. Now, as an entrepreneur, if you are also planning to switch to QuickBooks online from a desktop, then you must be aware of the pricing. This will help you make an informed decision and select the right plan that specifically meets your business needs and budget.
So, let’s take a look at the pricing chart that displays the QuickBooks online pricing for different plans.
| Plan Name | Price | Features |
| Simple Start | $30/month | Basic accounting tools with a license for one user. |
| Essentials | $60/month | All basic starting features for up to three people, with bill administration and the ability to add employee hours to invoices. |
| Plus | $90/month | A power pack of all essential features with project and inventory tracking for up to five users. |
| Advanced | $200/month | All the advanced and plus features for up to 25 users along with a dedicated account team, advanced business analytics, batch invoicing, employee expense management, workflow automation and much more. |
That’s it with the pricing of all the versions of the QuickBooks online version.
Conclusion
In conclusion, upgrading to QuickBooks Online can turn out to be a wise decision for businesses that are searching for efficient, adaptive, and team-based accounting solutions. Understanding the price structure of the software is important to gain insights related to the software. The various plans of the software cater to the different business sizes and requirements, which offers a scalable solution to the business needs. With access to advanced features, QuickBooks Online stands out as a ready-to-adapt software, providing a robust foundation for efficient financial management and decision-making.
