QuickBooks Premier Review 2023: Pricing, Pros & Cons

This allows us to rank each software in comparison to the rest while tracking each and every feature. Once the dust had cleared, the winner was QuickBooks with a top score of 4.7 points overall. However, the “Secure” brand of checks offer in-depth fraud protection measures that may justify the price, provided you anticipate security risks at your business. Also available from the service is a lending program called QuickBooks Capital. Those with QuickBooks Online accounts are potentially eligible, though they’ll still need to qualify on the strength of their accounting history.

  • Also take advantage of payroll software that offers a trial period before you commit.
  • QuickBooks Checking Account opening is subject to identity verification and approval by Green Dot Bank.
  • Small and medium-sized businesses that need industry-specific tools.
  • Platinum or Diamond may be the way to go if you need advanced inventory and pricing.
  • Once your bookkeeper receives all the necessary documentation, they’ll typically complete your cleanup within 30 days.

You can also create a supplier database and generate purchase orders to help manage your accounts payable. When you move to QuickBooks Online, you’ll create a new account and login. You can migrate your business and payroll data to QuickBooks Online and keep a copy of the original file for your records. Today’s leading accounting platforms offer standard security features like data encryption, secure credential tokenization and more.

Features overview

The company also provides plenty of documentation to help you use the platform’s features. QuickBooks Payments is among the most intuitive platforms of its kind and a solid fit for beginners. Yes, you’re free to switch QuickBooks Online plans or cancel at any time. Your bookkeeper ensures you’re keeping track of income and expenses. Your bookkeeper categorizes transactions and reconciles accounts for you, freeing up time to focus on your business.

  • From startups to established enterprises, many have turned to QuickBooks Online to streamline their financial management.
  • Fortunately, QuickBooks Online often offers special deals to keep costs low, which means you can currently get 50% off your first three months.
  • If you use QuickBooks for accounting and like the idea of sticking with a single brand for all of your software needs, the company’s in-house payments solution is a good match.
  • The service doesn’t include financial advisory services, tax advice, facilitating the filing of income or sales tax returns, creating or sending 1099s, or management of payroll.
  • Integrations are third-party add-ons that give you additional features and capabilities.

QuickBooks Desktop used to offer a “one-time” purchase license option (the license included customer support for three years, but you could continue to use the software after that). You have to purchase a yearly subscription to use QuickBooks Desktop. With three distinct QuickBooks Desktop options, the pricing structure can be confusing. What’s more, Intuit makes it incredibly difficult to track down prices for all the additional charges you may face. Add in a new pricing structure starting with the launch of QuickBooks Desktop 2022 products, and it only gets more complicated.

It’s our best small business accounting software because of its versatility. QuickBooks Desktop Enterprise Gold, Platinum, and Diamond plans include payroll. For all other QuickBooks Desktop plans, payroll is an add-on service starting at $55/month + $5/employee paid per month or $550/year + $6/employee/month. QuickBooks Assisted Payroll is only available to new customers under the QuickBooks Enterprise Diamond plan and costs $370/month. With QuickBooks Assisted Payroll, QuickBooks processes your payroll for you and automatically files your payroll taxes.

How much does QuickBooks Self-Employed cost?

The QuickBooks Payroll software tracks employees by name, pay rate, pay method, and current status. You can track KPIs with in-depth analysis tools, consolidate data from multiple companies into singular reports, and compare different companies, clients, or franchises. You also get access to exclusive premium apps such as LeanLaw, HubSpot, DocuSign, Bill.com, Salesforce, and more. The Essentials plan is a great fit for growing small businesses that have an increased number of suppliers, employees, and clients. Similarly, you can create a client database and track overdue client payments to keep on top of who owes you what.

But with so much accounting software on the market, it can be hard to choose the right one for your small business. Overall, you should not only be able to glean an understanding of your profitability easily, but choose from add-on services that offer you the flexibility to scale as your business does. Meanwhile, NeatBooks is better geared toward businesses that want to prioritize financial document management.

QuickBooks Payroll is not included in your QuickBooks Online subscription. You will need to purchase a separate QuickBooks Online Payroll monthly subscription to use this feature. A 30-day free trial is available if you’d like to test out QuickBooks Online Payroll before signing up.

What’s the difference between cash and accrual-based accounting? Does QuickBooks support both?

Enterprise is more easily scalable than other QuickBooks Desktop products, offering four plans and the option to add remote access. QuickBooks Payments is geared towards existing QuickBooks customers, and you’ll need a QuickBooks online account to use it. If you are only interested in a payment platform, it may be worth considering another company that specializes in credit card processing as opposed to bookkeeping and tax preparation. Yes, QuickBooks Online offers good value for its price across all plans.

Our Methodology: How We Evaluated QuickBooks Online Pricing

Other users wished it was possible to call someone directly, rather than wait for a response or set up a meeting. You’ll meet with your bookkeeper via one-way video chat that can be accessed by sharing your screen. During these meetings, you’ll have the opportunity to ask questions about financial reports and ask for assistance with basic bookkeeping tasks. You can also reach out to the extended bookkeeping team at any time. You can activate QuickBooks Live within QuickBooks Online by clicking on Live Bookkeeping from the left navigation bar, as indicated below.

The Bottom Line On QuickBooks Online Pricing

You can also check out our top QuickBooks alternatives to see what other services stack up to this industry powerhouse. Quicken Premier and NeatBooks are two comparable accounting software options. While they’re both cheaper how to calculate commission than QuickBooks Premier, they’re also far less robust. As you can see from this QuickBooks Premier review, the software is a solid pick, which is why it made our list of the top accounting software for small businesses.

Automatically calculates sales tax rates.

QuickBooks is a well-established accounting software that is widely used by businesses from a variety of industries. With five plans, each at different price points, users can choose the plan that best meets their business needs without paying for additional features that they don’t want. As a business grows, users can easily upgrade to a more advanced plan with additional features seamlessly. QuickBooks is the platform most used by professional accountants so if you plan to work with an accountant, they will likely be very familiar with the platform, its features and capabilities. Additionally, QuickBooks Enterprise Diamond Assisted Payroll users are limited to four payroll runs per month.

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. Upon enrollment, you’ll be assigned a dedicated bookkeeper who’ll collaborate with you virtually.

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