Quickbooks online is Right for you? #bookkeeping #2024 #quickbooks #qbooks #qbo

Scenario 1:

Carol owns a consulting company. She and 2 employees will work on QuickBooks Online. She wants to track billable expenses, prepare and print 1099’s, categorize income and expenses by class, and prepare budgets. Which version of QuickBooks Online should Caroline choose?

Answer: Carol should choose QuickBooks Online Plus.

Scenario 2:

Philip owns a kitchen remodeling business he wants to create purchase orders, track inventory, and track income and expenses by Location. He also wants to prepare and print 1099’s. Which version of QuickBooks Online should Hugo choose?

Answer: Phillip should choose QuickBooks Online Plus.

Scenario 3:

Janett owns an event planning business. She and 2 other employees will work in QBO. She wants to enter Bills and pay vendors. She wants to control what her employees can access in QBO. Which version of QuickBooks Online should Jane choose?

Answer: Janett should choose QuickBooks Online Essentials – she wants to track vendor Bills and needs access for 3 users.

Scenario 4:

Layla is a new business owner providing children’s entertainment services. She wants to invoice customers and print checks. She needs access for herself and 2 accountants. Which version of QuickBooks Online should Lillie choose?

Answer: Layla should choose QuickBooks Online Simple Start.

Inviting Accountant users

Included with all versions of QuickBooks Online is the ability to invite up to 2 accountant users to access your data. This way you can work with a bookkeeper and a tax accountant.

Still not sure?

Here is a decision making guide:

You must use QuickBooks Online Essentials if:

If you need more than one user and up to 3 users
You want to manage and pay Vendor bills
You want to control what users can access
You must use QuickBooks Online Plus if:

You need more than 3 users
You want to use purchase orders
You want to track inventory
You want to prepare 1099’s
You want to give employees or subcontractors access to enter hours worked
You want to track billable hours by customer
You want to prepare budgets
You want to track income and expenses by class or location
If you have a professional services business and you need to track billable hours you should purchase QuickBooks Online Plus.

If you want to sell inventory – you should purchase QuickBooks Online Plus.

If you want to use purchase orders – you should purchase QuickBooks Online Plus.

If you own a construction company or a company requiring you to do job costing – you may start out with QuickBooks Online Essentials but you probably need QuickBooks Online Plus.