QuickBooks is an accounting and bookkeeping software designed to help businesses manage their accounts and finances.
QuickBooks is an accounting and bookkeeping software designed to help businesses manage their accounts and finances. There are six versions of QuickBooks and each version has its unique features, pricing, target market and usability. Switching from one version to another is very possible but one has to put certain things into consideration to do this effectively. But first, let's take a closer look at the six versions which include QuickBooks Online, QuickBooks Self-Employed, QuickBooks Premier, QuickBooks Mac, QuickBooks Enterprise and QuickBooks Pro.
Six Versions of QuickBooks - Target Audience, Unique Features and Pricing
1. QuickBooks Online
QuickBooks online is suitable for small to medium-sized businesses in need of clean, easy-to-use cloud-based accounting software. QuickBooks Online was established in 2004 and it is being used by millions of people worldwide. The software has over 650 integrations, mobile apps, a wide range of features and capabilities. The pricing of this software ranges from $25 - $150 per month. Also, one unique feature of QuickBooks online is the QuickBooks Live Bookkeeping where users can get professional help from experts.
2. QuickBooks Self-Employed
QuickBooks Self-Employed is more of a tax software than an accounting software. This software is mainly designed for self-employed persons including contractors and freelancers. QuickBooks Self-Employed is designed to help users estimate quarterly taxes, track deductions including business and personal expenses. The software offers 3 plans ranging from $15 - $35 per month.
3. QuickBooks Pro
This QuickBooks version is recommended for small start-ups. The software was launched in 1992 and it is a locally-installed software. Being a software for small startup businesses, QuickBooks Pro offers tips and guidelines for migrating contacts from an email account or Excel file. The software allows 3 users at a time and it offers over 200 integrations with developed features including bank reconciliation, account payable and expense tracking. QuickBooks Pro offers 3 pricing options which are QuickBooks Pro license - $399.9, QuickBooks Pro Plus annual subscription - $299.9 and QuickBooks Pro Plus + Payroll - $749.99/year.
4. QuickBooks Premier
Unlike the QuickBooks Pro, this software supports 1-5 users and it has industry-specific features including manufacturing, contractor, professional services and nonprofit. This software is more expensive than QuickBooks Pro and it offers additional features like sales forecasting, inventory assemblies and business plans. All these features are absent in the QuickBooks Pro version. The QuickBooks Premier license goes for $649.99 while the annual subscription for the QuickBooks Premier Plus costs $499.99 per year and the QuickBooks Premier Plus + Payroll costs $949.99/year. With this software, users can track change orders, create bills and track time and cost.
5. QuickBooks Mac
This version is designed for businesses who prefer to use Mac computers. Although this software offers all the features of QuickBooks Pro for Windows users, it also has features specific to only Mac users. So we can say that QuickBooks Mac offers more comprehensive usability as it has the features of QuickBooks Online, coupled with those of QuickBooks Pro and Premier. The software supports 1-3 users, making it suitable for small businesses. QuickBooks Mac license goes for $399.99.
6. QuickBooks Enterprise
This version is suitable for large businesses and it supports about 30 users. This software also has industry-specific versions. Of all QuickBooks versions, QuickBooks Enterprise has highly developed features including project management, job costing, contact management and of course, strong accounting. This version is quite expensive compared to other versions. QuickBooks Enterprise pricing starts from $1,213/year per user.
Apart from the features, target audience, pricing and usability of each QuickBooks version, other things to keep in mind while changing versions are;