QuickBooks Accounting Software Product Comparison in 2024

Intuit Quickbooks Accounting Software Product Comparison in 2024:-Out of “Intuit Quickbooks Online” many accounting software products, which one is right for you? We compare QuickBooks Online, Enterprise, Solopreneur, Payroll and more.

  1. Best QuickBooks product for most businesses: QuickBooks Online
  2. Best for solopreneurs filing itemized taxes: QuickBooks Solopreneur
  3. Best for enterprises with complex finances: QuickBooks Enterprise
  4. Best payroll option for QuickBooks Online users: QuickBooks Payroll
  5. Best on-demand bookkeeping service for QuickBooks users: QuickBooks Live Bookkeeping.

As of July 31, 2024, Intuit QuickBooks software will no longer sell new subscriptions to its QuickBooks Desktop Pro Plus, Premier Plus, Enhanced Payroll or Mac Plus plans

Current QuickBooks Desktop subscribers will be able to renew their subscriptions year over year, but all new sales will stop at the end of 31 July 2024. So far, this product change applies solely to the United States. QuickBooks will continue to sell desktop software in the form of QuickBooks Enterprise only.

Intuit QuickBooks Software is an incredibly well-known accounting software program used by major small companies worldwide. While QuickBooks Online might be the company’s most popular product, it isn’t the only one offered by Intuit. With multiple products — and multiple plans within those products — it can be hard to know which QuickBooks product is best for your business.

In my review, I found that QuickBooks Online software is the best Intuit QuickBooks accounting product for most small, midsize and growing businesses.

However, QuickBooks Solopreneur can work well for individual business owners who want in-depth tax help while QuickBooks Desktop is a more robust option for bigger businesses with complex finances. Keep reading to learn more about the different types of QuickBooks products and find the accounting software that will work best for you.

Briefly Intuit Quickbooks Accounting Software Product Comparison in 2024

Starting
price
User
limit
Number
of plans
Third-party app integrationOfficial Website Link
QuickBooks Online$30 per Month Up to 25 Users4 plans850+ appsVisit QuickBooks Online
QuickBooks Solopreneur$20 per month Only 1 user
1plan only
UnlistedVisit QuickBooks Solopreneur
QuickBooks Desktop Enterprise$1,922 per year Up to 40 Users 3 plans200+ appsVisit QuickBooks Desktop Enterprise
QuickBooks Payroll$45 per month+ $6 per payee per month 1 admin3 plansLimitedVisit QuickBooks Payroll
QuickBooks Live Bookkeeping$300 per month N/A3 plansN/AVisit QuickBooks Live Bookkeeping
Listed starting price is for the first year of service only. Price increases after 12 months of service.**Pricing varies based on your business’s average monthly expenses. Monthly fee is subject to reassessment at Intuit’s discretion

QuickBooks Online: Best QuickBooks product for most businesses

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While QuickBooks Online is incredibly popular among accountants, it was primarily built to help non-accountant business owners manage their finances without an accounting degree. The user-friendly interface, easily to work, straightforward setup and intuitive dashboard quickly get new business owners up to financial speed so they spend less time on bookkeeping.

This Accounting software is based on Cloud-based accounting software program, QuickBooks Online can be securely accessed from any web-enabled device. QuickBooks’ excellent mobile accounting app extends access to your phone — use it to snap receipts, upload expenses, check your finances, create mobile invoices and build estimates on the go.

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With its clear graphics and intuitive interface, QuickBooks Online’s user-friendly dashboard helps first-time non-accountant business owners get a firm grasp of their business’s most essential financial data. Image: Intuit QuickBooks/Kylie McQuarrie.

For more information, read our full QuickBooks Online review.

Latest Pricing

  • QuickBooks Online consist 4 plans, each with a different number of users
  • QuickBooks Simple Start: $30 per month. Includes access for one user.
  • QuickBooks Essentials: $60 per month. Includes access for up to three users.
  • QuickBooks Plus: $90 per month. Includes access for up to five users.
  • QuickBooks Advanced: $200 per month. Includes access for up to 25 users

New users can choose to test the QuickBooks online software free for 30 days or opt to take 50% off for three months. Note that you’ll have to enter your payment information upfront and agree to scheduled auto payments. If you decide QuickBooks Online isn’t for you, make sure to cancel your free trial before the 30 days are up.

Features Of Quickbooks Online Software

Every QuickBooks Online plan includes these essential bookkeeping features

  • Cash flow tracking.
  • Unlimited estimates, invoices, income and expense tracking and receipt scanning.
  • 1099 contractor management.Customizable accounting reports.
  • Connection to at least one sales channel (or unlimited channels with higher-tier plans) for easier automation and cash tracking.
  • Built-in integration with over 750 third-party business apps through the QuickBooks app store.

Higher-tier QuickBooks Online plans add more advanced accounting features

  • Time tracking.
  • Bill management.
  • Inventory tracking.
  • Real-time budgeting and cash flow forecasting.
  • Employee expense tracking and reimbursement.

Pros and cons

Pros

  • Fully featured plans.
  • Extensive third-party integrations.
  • Outstanding mobile accounting app.
  • User-friendly interface supports accountants and non-accountant business owners alike.

Cons

  • Higher starting price than many other accounting software services.
  • Frequent price hikes with little advance warning.
  • No desktop-based software option (cloud-based only).

QuickBooks Solopreneur: Best for Solopreneurs filing itemized taxes

If you’re a freelancer in need of basic bookkeeping software only, QuickBooks Solopreneur could be a better choice for you than QuickBooks Online. With its limited set of features, QuickBooks Solopreneur helps individuals hone in on the most important aspects of growing a business, from setting financial goals to correctly categorizing expenses for tax time.

QuickBooks Solopreneur is most useful for freelancers filing Schedule C with their end-of-year taxes. Using the Solopreneur app, you can automatically log mileage in an IRS-friendly format for easier itemization come tax time.

However, if you’re looking for anything beyond the basics, I recommend QuickBooks Online over QuickBooks Solopreneur. For just $10 more a month, you get a far more expansive set of features, a more robust mobile app and the option to disregard any accounting tools (like a chart of accounts) that your business doesn’t need — yet.

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From the QuickBooks Solopreneur dashboard, individual business owners can manage customer contact information, generate invoices, categorize expenses and set basic financial goals. Image: Intuit QuickBooks/Kylie McQuarrie.

Latest Pricing

QuickBooks Solopreneur costs $20 per month. If you waive your free trial and choose to take 50% off for three months, you’ll pay just $10 a month for three months. Alternatively, you can pay yearly, which gets you 50% off for your first year of service ($120 total).

Features of QuickBooks Solopreneur

  • Basic cash flow tracking.
  • Financial goal creation and tracking.
  • App-based mileage tracking.
  • Sales and sales tax tracking.
  • Unlimited customizable invoices and estimates.

Users can also choose to open a QuickBooks Checking account to manage their business finances (alternatively, you can connect a pre-existing business bank account for automated profit tracking).

Pros and cons

Pros

  • Useful template for setting achievable financial goals.
  • Unlimited, easy-to-customize invoices and estimates.
  • Simple, streamlined dashboard.

Cons

  • Limited features.
  • Minimal customer support.
  • Similar tools may be available for free through other vendors

QuickBooks Enterprise: Best for enterprises with complex finances

QuickBooks Enterprise is a robust, desktop-based version of QuickBooks’ accounting software. It features a far more extensive suite of tools than any other QuickBooks accounting product, plus stand-out perks like access for up to 40 users and optional industry-specific software packages.

From July 31, 2024 onward, QuickBooks Enterprise will be Intuit’s sole desktop-based accounting software product. Although it’s eliminating other desktop software, QuickBooks has no plans to scrap QuickBooks Enterprise: It’s one of the most widely used, well-respected and longstanding products in the accounting software field.

In other words, you don’t need to worry about suddenly losing product support if you choose QuickBooks Enterprise. The product is a top choice for accounting firms and enterprises in industries across the world, so it should be here to stay.

For more information, read our full QuickBooks Enterprise review.

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QuickBooks Enterprise’s dashboard is completely comprehensible and customizable. It’s well suited to large enterprises that need in-depth financial support. Image: Intuit QuickBooks/Kylie McQuarrie

Latest Pricing

QuickBooks sells three different versions of its Enterprise desktop software. All three software options require an annual subscription:

  • QuickBooks Enterprise Gold: Starts at $1,922 for one year.
  • QuickBooks Enterprise Platinum: Starts at $2,363 for one year.
  • QuickBooks Enterprise Diamond: Starts at $4,668 for one year

After one year, the pricing for your Enterprise subscription increases. You’ll also pay an extra fee for features like cloud access, online data storage and priority customer service.

Features of QuickBooks Enterprise’s

All three enterprise-level plans include industry-standard accounting features, from expansive industry-specific reports to online payment acceptance.

Along with standard accounting tools, QuickBooks Enterprise users can expect the following:

  • Integration with over 200 third-party apps.
  • Inventory management.
  • Built-in payroll.
  • Industry-specific accounting packages.

Pros and cons

Pros

  • Comprehensive enterprise-level accounting features.
  • Excellent, enhanced customizability.
  • Access for up to 40 users.
  • Industry-specific reports and features.

Cons

  • Additional fee for features that come free with QuickBooks Online (e.g. cloud access).
  • Fewer third-party app integrations than QuickBooks Online.
  • Limited automations.

QuickBooks Payroll: Best payroll option for QuickBooks Online users

QuickBooks Payroll is Intuit’s cloud-based payroll software product, and it primarily supports QuickBooks Online users with employees. It isn’t the most comprehensive payroll solution on the market — for instance, it lacks the more complex HR features you’d get from a combined HR/payroll software provider like ADP or Paychex.

However, if you’re familiar with QuickBooks’ interface, recently hired your first employee and want to start running payroll as painlessly as possible, QuickBooks Payroll is the simplest solution.

For more information, read our full QuickBooks Payroll review

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Once you set up your business in QuickBooks Payroll, you can pay employees, sync payroll data with your QuickBooks Online account and get HR assistance (with certain plans). Image: Intuit QuickBooks/Kylie McQuarrie.

Latest Pricing

QuickBooks Payroll offers three basic plans, each with a different base price and per-payee fee:

  • QuickBooks Payroll Core: $45 per month plus $6 per employee paid per month.
  • QuickBooks Payroll Premium: $80 per month plus $8 per employee paid per month.
  • QuickBooks Payroll Elite: $125 per month plus $10 per employee paid per month.

As with other QuickBooks products, users can choose to try QuickBooks Payroll free for 30 days or get 50% off the base price for three months.

Features of QuickBooks Payroll

All three QuickBooks Payroll plans share the same basic features:

  • Full-service payroll in all 50 states.
  • Unlimited payroll runs.
  • Optional employee benefits, including medical, dental and vision insurance and retirement plans.
  • Optional workers’ compensation insurance integration.

The two higher-tier payroll plans include expanded features, such as the following

  • Built-in time tracking with QuickBooks Time.
  • Same-day (rather than next-day) direct deposit.
  • Access to an HR support center (Premium) or personal HR advisor (Elite).
  • Additional customizations, automations and scheduling features.

Pros and cons

Pros

  • Seamless syncing with QuickBooks Online.
  • Familiar, user-friendly interface ideal for current QuickBooks users.
  • Optional employee benefits add-ons in all 50 states.

Cons

  • Limited payroll features compared to top competitors.
  • Additional fee for multi-state payroll processing.
  • Limited third-party app integration.

QuickBooks Live Bookkeeping: Best on-demand bookkeeping service for QuickBooks users

If you don’t want to handle bookkeeping entirely on your own but don’t have the funds to pay for an in-house accountant or in-person bookkeeping services, QuickBooks’ virtual bookkeeping service is a smart choice.

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With QuickBooks Live Bookkeeping, business owners tracking their finances with QuickBooks Online can quickly, easily get virtual bookkeeping help from financial professionals. After an initial setup where your QuickBooks-certified bookkeeper reviews your financial records from the previous year and gets your books in order, they’ll be available to tackle basic bookkeeping tasks month over month while you focus on other aspects of running a business.

Latest Pricing

Monthly pricing for QuickBooks Live Bookkeeping varies based on your average monthly expenses:

  • If your average monthly expenses range up to $10,000, you’ll pay $300 per month for QuickBooks Live.
  • If your average monthly expenses range from $10,001 to $50,000, you’ll pay $500 per month for QuickBooks Live.
  • If your average monthly expenses are at or above $50,001, you’ll pay $700 per month for QuickBooks Live.

Additionally, you’ll pay a one-time “cleanup” fee to get your books in order the first time you sign up for QuickBooks Live Bookkeeping. The cleanup fee is custom and can vary based on your business’s age, tax-filing status and service signup month.

Features of QuickBooks Live Bookkeeping

No matter what you’re charged for your QuickBooks Live Bookkeeping subscription, you’ll get access to the same set of services provided by your QuickBooks-certified virtual bookkeeper:

  • Basic introduction to QuickBooks Online.
  • Customer and vendor setup within QuickBooks.
  • Chart of accounts setup.Expense categorization.
  • Bank connections and bank reconciliation.
  • Ongoing help with common bookkeeping questions and concerns.

QuickBooks Live doesn’t offer any tax services, including tax preparation assistance, so you’ll need to work with your own accountant or another tax professional to file taxes at the end of the year.

Pros and cons

Pros

  • Easy in-app access to personalized bookkeeping help.
  • Access to industry-specific bookkeeping professionals whenever possible.
  • Custom reports with personalized financial insights to keep your business on track.

Cons

  • No optional add-on tax services.
  • Messages may not receive a response for up to 48 hours.
  • Custom cleanup fees lack transparent pricing

In Conclusion

Which Intuit QuickBooks accounting software product is right for my business?

For many small businesses in the U.S., QuickBooks Online stands out as the top choice among Intuit’s accounting products. It’s a cloud-based solution, offering flexibility, accessibility, and ease of use, making it particularly appealing to business owners who aren’t accounting experts. With its range of four plans, QuickBooks Online also provides scalability for growing businesses, allowing them to upgrade to more comprehensive plans as their needs evolve.

However, QuickBooks Online may not suit every business owner’s preferences. If you’re exploring alternatives, here are some other Intuit accounting products worth considering

• QuickBooks Solopreneur: Ideal for sole proprietors of new businesses with relatively simple financial needs.
• QuickBooks Enterprise: Tailored for enterprises or large corporations requiring advanced accounting functionalities.
• QuickBooks Live Bookkeeping: A great option for those seeking to outsource most of their bookkeeping tasks to a reliable service.

If none of Intuit’s offerings resonate with you, there are plenty of other accounting services available to explore. You can browse through our curated list of the year’s best accounting software and services to find one that suits your requirements.

Remember, many accounting companies, including Intuit QuickBooks, offer free trials or demos. Taking advantage of these trials allows you to test the software firsthand and determine if it’s the right fit for your business. So, whether you’re considering QuickBooks Online or any other top accounting software, trying it out yourself is the most effective way to make an informed decision.

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