QuickBooks has been a popular choice for small businesses for many years now. It is a powerful tool that offers bookkeeping, invoicing, and payroll solutions to its users. However, one of the most common questions that comes up when talking about QuickBooks is how much it costs for small businesses. In this ultimate guide, we will take a closer look at the various QuickBooks pricing plans and help you determine which one is right for your small business.
QuickBooks Pricing Plans
QuickBooks offers four pricing plans, each with its own set of features. These plans are:
1. Self-Employed – $15 per month
2. Simple Start – $25 per month
3. Essentials – $40 per month
4. Plus – $70 per month
Self-Employed Plan
The Self-Employed plan is designed for those who are self-employed or have a single-member LLC. This plan offers basic bookkeeping features, including invoicing, expense tracking, and mileage tracking. However, it does not include payroll capabilities. The cost for this plan is $15 per month.
Simple Start Plan
The Simple Start plan is designed for small businesses that are just starting out. This plan includes everything in the Self-Employed plan, as well as basic payroll capabilities. However, it does not include time tracking for employees or bill payment capabilities. The cost for this plan is $25 per month.
Essentials Plan
The Essentials plan is designed for small businesses that require more advanced features. This plan includes everything in the Simple Start plan, as well as time tracking for employees, bill payment capabilities, and the ability to manage multiple users. The cost for this plan is $40 per month.
Plus Plan
The Plus plan is designed for small businesses that require even more advanced features. This plan includes everything in the Essentials plan, as well as inventory tracking, project profitability tracking, and the ability to manage 5 or more users. The cost for this plan is $70 per month.
Factors to Consider When Choosing a Plan
When choosing a QuickBooks pricing plan, there are several factors to consider. These include:
1. Size of your business – The size of your business will determine which plan is right for you. Small businesses with only a few employees may be able to get by with the less expensive plans, while larger businesses may require more advanced features.
2. Type of business – The type of business you run will also impact which plan is best for you. For example, service-based businesses may not require inventory tracking, while retail businesses will.
3. Budget – Your budget will also play a role in which plan is right for you. While the Plus plan offers the most advanced features, it may be out of the budget for some small businesses.
Conclusion
QuickBooks offers a variety of pricing plans to suit the needs of small businesses. When choosing a plan, it’s important to consider factors such as the size and type of your business, as well as your budget. By choosing the right plan, you can streamline your bookkeeping and payroll processes, freeing up time to focus on growing your business.
