Plus, it’s the only one that integrates with Zapier, enabling you to seamlessly link your accounting management to the rest of your business’s tools. You should also consider budget constraints before choosing, as QuickBooks Online provides more plans and more diverse pricing options, while QuickBooks Desktop can be more expensive. I want to confidently say that the difference in pricing is due to the considerable amount of features that QuickBooks Desktop offers, but I’m unsure if that’s the case. The issue with accounting software like QuickBooks Desktop is that it’s designed to work locally and independently, which doesn’t leave a coupon rate formula lot of room for integration with other programs, especially cloud-based ones.
And let’s not forget offline accessibility for the times your ISP decides to ruin your Monday. As I accounts payable turnover ratio definition was testing them out, I found QuickBooks Online a lot sleeker, more modern, and easier to navigate than QuickBooks Desktop. Every step was prefaced with a tutorial, guiding me in setting up my company’s profile by prompting me to provide specific information. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website.
How We Evaluated QuickBooks Online vs Desktop
- With larger datasets or complex operations, QuickBooks Desktop might utilize more local processing power compared to the online version.
- That said, it can feel overwhelming and confusing if you don’t have prior accounting knowledge.
- Yes, but the only option is QuickBooks Enterprise, as Pro and Premier will no longer be available for new users after July 31, 2024.
- While QuickBooks Online offers project management features, it doesn’t have the same level of customization options as QuickBooks Desktop.
There is workflow automation, data restoration, batch invoices and expenses and on-demand training. This plan also gives you a dedicated account team to help with training, troubleshooting and setup. QuickBooks Online has four pricing tiers and offers 50% off for the first three months when you purchase. The first tier is the Simple Start Plan at $15 per month for the first three months, then is $30 per month. This plan gives you all the basics needed to run your business accounting, including income and expense monitoring, invoice and payment capability, tax deductions, receipt capture and mileage tracking. If you choose to cancel your QuickBooks Online subscription, you will still have access to your QuickBooks Money account and data.
Contractor Payments
Other businesses should consider whether tracking P&L by class and location is worth the extra $34 per month. Meanwhile, Essentials gives you access to more than 40 reports, including those you can generate in Simple Start. Its additional reports include A/P and A/R aging details, transaction lists by customer, expenses by vendor, uninvoiced charges, unpaid bills, and expenses by supplier summaries. You can drill down to a list of your outstanding invoices instead of only the total outstanding.
Advanced users receive better customer support through its Priority Circle membership. As a Priority Circle member, you get access to a dedicated customer success manager who can assist you with any questions or issues you have with your software. You will get priority support through chat and phone, with shorter wait times than non-Priority Circle members. Retailers and wholesalers should choose Plus so that they can track the quantity on hand and the cost of inventory. Contractors should also select Plus to track the profitability of capital expenditure individual projects.
QuickBooks Desktop Enterprise
If you can file taxes confidently on your own, Enhanced Payroll might be suitable. If you want QuickBooks to file your taxes for you, then you must upgrade to QuickBooks Desktop Assisted Payroll. Check out our QuickBooks Desktop Payroll Enhanced vs Assisted comparison for more information. Another key difference between QuickBooks Online and Desktop is that the former allows you to track your activity, such as income and expenses, by class and location.
Each user has their own login credentials, which can be customized to limit access to sensitive information. There’s also a feature that facilitates inviting your accountant to the platform, so they can have direct access to your data. While the two iterations are different in some aspects, they’re essentially the same product, and the differences between them aren’t as glaring as they are with other accounting software solutions. You must purchase additional licenses if you want to access it on multiple computers. While you can add cloud access to QuickBooks Enterprise, it involves an additional fee.