How to Choose the Right QuickBooks Small Business Pricing Plan
If you’re running a small business, you know how important it is to keep track of your finances. QuickBooks is a leading accounting software that helps you manage your business finances with ease. But with several QuickBooks pricing plans to choose from, selecting the right one can be overwhelming. In this article, we’re going to discuss how to choose the right QuickBooks small business pricing plan.
Understanding QuickBooks Small Business Pricing Plans
QuickBooks offers four pricing plans for small businesses: Simple Start, Essentials, Plus, and Advanced.
The Simple Start plan costs $25 monthly and is suitable for businesses with basic accounting needs. It allows you to track income and expenses, send invoices and quotes, and scan receipts.
The Essentials plan costs $40 monthly and comes with additional features such as bill payment, time tracking, and multiple users.
The Plus plan costs $70 monthly and includes inventory tracking and 1099 filing.
The Advanced plan costs $150 monthly and is designed for businesses in need of advanced reporting and insights. It comes with features such as custom user permissions and the ability to track project profitability.
Factors to Consider when Choosing a QuickBooks Small Business Pricing Plan
To choose the right pricing plan, there are a few factors to consider:
Business Needs
The first factor to consider is your business needs. What features do you need to manage your finances effectively? Analyze your business requirements and choose a pricing plan that meets those needs.
Budget
The second factor to consider is your budget. QuickBooks pricing plans come with different price points. Choose a pricing plan that fits your budget.
Number of Users
The third factor to consider is the number of users. If you have a team that needs access to your QuickBooks account, then choose a pricing plan that allows multiple users without any additional costs.
Growth Potential
Lastly, consider your business growth potential. If you’re planning to scale your business, then choosing a pricing plan that can accommodate your growth is essential.
Final Thoughts
Choosing the right QuickBooks small business pricing plan requires careful consideration of your business needs, budget, the number of users and your growth potential. Evaluate each pricing plan carefully and choose the one that best fits your unique business requirements. Remember that you can always switch to a different pricing plan as your business grows and your needs change.
