What Are the Different Popular Versions of QuickBooks?

Posted by Sam Smith on January 22nd, 2019

Every business requires a stable and well-managed bookkeeping department to prosper. In the digital era, remote bookkeeping services are gaining popularity for their ease of access and maintenance. One of the best and most widely used accounting software is QuickBooks. It has different versions which are each designed to fit different needs of a small to medium-scale company.

Knowing about the different QuickBooks products available will let you have a better understanding of what suits your business best.

• QuickBooks Online

This product is entirely online-based and allows working on the company files on the go from any location with access to the internet. Since the software is hosted and run on the Intuit server, QuickBooks Online is compatible with all devices. There are several online plans to choose from and if you have a professional bookkeeper at your service, they can guide you regarding the right choice.

QuickBooks Self-employed- This has the minimum functions and is also the cheapest plan. You can track your expenses and income, create invoices, estimate quarterly taxes, and run reports.

QuickBooks Simple Start- This option offers everything from QuickBooks self-employed as well as the ability to maximize tax deductions, track sales taxes and send estimates. Small businesses and sole proprietors will find this beneficial.

QuickBooks Plus- This is the most upgraded plan and you can enjoy the features of Self-Employed and Simple Start along with functionality options to track inventory and projects.

• QuickBooks Pro

This is a desktop version of the software that is strongly recommended for start-ups. As many as three users can use the software at a given time. You can create invoices and estimates, track the sales, taxes, inventories, and payment with this product. Apart from that, you can easily import contacts and data from the email account and Excel. You can also:

Share data with accountants
Manage payroll
Track all bills
Create customizable accounting reports

• QuickBooks Premier

A well-established business that is experiencing growth will benefit from this version of QuickBooks. All the features of QuickBooks Pro are available on this version. You can also enjoy additional features like:

Creating industry-specific reports
Tools to forecast the expenses, and for planning the business strategies and sales
Ability to track back orders and create sales orders
Up to five simultaneous users can work with the software at the same time
Customize how the time and costs are being monitored

• QuickBooks Enterprise Solutions

This is the most comprehensive type of QuickBooks software. Seasoned businesses which require advanced management of accounting, inventory and complex financial reports will find this product useful. This is also the most expensive of QuickBooks’ products but provides an array of features and tools that are unique and suitable for a growing business. Some notable perks of this product are:

All the features of QuickBooks Premier are available, with some features being enhanced
The software is capable of supporting as many as 30 simultaneous users
Business owners can track and monitor 100,000 inventory items, vendors, and customers
The data can be stored on a Linux server as well
All fixed assets and employees can be tracked using this product

Accounting and bookkeeping are complex but essential to the running of any business. QuickBooks is one such software that is highly recommended as it can make both jobs easier. Knowing about the different available versions can help you understand the services that the software provides.