Posted on 12/10/2024 by Niko Venev
Deciding on a version of QuickBooks to use can be nerve-racking for novices, since settling on a specific software product can impact their success as employees or business owners. Luckily, assessing a few characteristics of your company can help you determine which iteration of the program is most applicable to your goals.
Live QuickBooks Instructor-led Courses |
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Course Title | Length | Price (USD) |
QuickBooks Online Edition: Basic course | 1 day | $445 |
QuickBooks Desktop Edition: Basic course | 1 day | $445 |
QuickBooks Desktop Edition: Advanced course | 1 day | $445 |
QuickBooks Desktop - Combo (Basic & Advanced) | 2 days | $810 |
Self-Paced QuickBooks eLearning |
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Course Title | Length | Price (USD) |
QuickBooks Online and Desktop Bundle | 9 courses | $300 |
The average user, however, typically chooses a version of QuickBooks Online, which comes in a few different versions:
Many of these products offer the same basic features, but they can differ in advanced functionality and build on less powerful versions. For example, Simple Start helps users track income and expenses, Essentials aids in managing bills and payments, Plus provides a way to handle recurring transactions and bills, and Advanced allows for the management of revenue recognition.
When trying to decide which QuickBooks is best for a small business, you should also note that QuickBooks has a few specialized versions of its software, like:
Each of these QuickBooks solutions focuses on a specific accounting task. Some iterations offer different software levels, starting with Core, which provides basic features, and followed by Premium and Elite. Accounting professionals also have industry-specific options from which to choose. Given the breadth of choice, it can be best to compare software features and assess your own skills to determine what you need out of any QuickBooks product.
Your business's type and size can significantly influence which QuickBooks for small business use is most appropriate. Assess how large your company is and whether you plan on expanding, as some products have user limits. If you have gone into business for yourself, you might consider investing in Solopreneur, as it can be the perfect solution for self-employed users. If you run a larger business, you might consider the most advanced iteration of the software, QuickBooks Desktop Enterprise. A feature-rich corporate solution, it's also the most expensive. Benefits of using it, however, include streamlined payroll processes and intricate reporting that can provide valuable insights into the financial health of your business.
Consider whether your business stores and sells physical goods. Business owners who need to track inventory may have to find a version of QuickBooks that offers this convenient feature, like QuickBooks Plus.
Should you intend to work from different locations or employ remote workers, sign up for a version of QuickBooks that offers cloud access. Cloud access can ensure that you or your employees can access the program any time and from anywhere, even if they're located nationwide. Additionally, cloud-based automation tools can improve productivity.
If you rely on third-party apps for your work, know that QuickBooks Online has you covered. Its integration features make it easy to work alongside various apps that streamline business owners' workflows. With more than 500 apps able to be integrated with QuickBooks Online, you're sure to find an app that you can use in tandem with QuickBooks.
Make tax season less stressful by using a version of QuickBooks that helps you reduce your tax liabilities. Some versions allow you to track expenses and help you identify potential deductions. QuickBooks may also connect you with a certified tax professional that can assist you with accounting tasks.
Understand that the version of QuickBooks that you use can significantly impact the success of your business. Since Intuit recognizes the importance of choosing an appropriate software solution, it offers a handy chart comparing its QuickBooks products. It can be a good idea to assess your needs and reference the chart when making a decision.
No matter which QuickBooks for small business use is right for you, at Certstaffix Training, we can help you master it. At Certstaffix Training, we offer online and onsite QuickBooks courses covering both the Desktop and Online versions of the software, and they're taught by a live instructor who can help you learn how to apply specific features and tools to your business in just a day or two. Our classes can also help students prepare for QuickBooks certification exams. Enroll with us today to streamline your accounting tasks using this trusted accounting software!