Why QuickBooks Online is a huge advantage for your business
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Why QuickBooks Online is a huge advantage for your business
Why QuickBooks Online?
For more than 20 years, QuickBooks has been the industry standard for helping business owners stay organized and get paid faster — without all the hassle and headache of manual accounting. Whether you’re starting out, expanding, realigning, or just struggling with your books, count on personalized guidance for your unique financial picture.
- Organized & in one place
- Real-time, accurate data
- Simple setup & management
QuickBooks Online has many features and advantages that QuickBooks Desktop does not offer. Here are just some advantages that QuickBooks Online offers:
- Access data easily across multiple platforms, PC or Mac, browser, or tablet
- Mobile access included with all QuickBooks Online subscriptions at no additional cost
- No need to transfer data files since everyone logs in to the same account to access the same data
- All the data is hosted, backed up and secured by Intuit’s servers
- Automatically create invoices and send them to clients, including delayed customer charges for unbilled time and costs
- Post to multiple accounts receivable and accounts payable lines in a single journal entrTrack inventory using the first in, first out (FIFO) method in QuickBooks Online Plus or Advanced (the only QuickBooks Desktop edition that offers FIFO inventory costing is QuickBooks Desktop Enterprise with Advanced Inventory)
- Track logins, third-party activity and list changes in the Audit Log
- Reports can be emailed to anyone at a scheduled frequency, even if they do not have access to this QuickBooks Online company file
- Further organize data with both class and location tracking; labels can be selected for locations (such as property, store, territory, etc.)
- Bank transactions are automatically downloaded nightly
- Invite unlimited “reports only” and “time tracking only” users
- Sync third-party apps to QuickBooks Online without opening the QuickBooks Online company, since the apps sync to Intuit’s always-accessible server; no downloading and managing third- party sync engines
- QuickBooks Online developers are always releasing new functionality to QuickBooks Online (no need to install new versions of QuickBooks Online as you always get the latest and the greatest with new features users are requesting)
Features Of QuickBooks Online Subscription Levels
QuickBooks Online is a great solution for many different types of businesses. Every business owner must assess their needs to find a financial accounting solution appropriate for their business. The following list of features for each of QuickBooks Online subscription level will help you to determine the features that best meet your need. You can upgrade your QuickBooks Online subscription at any time to accommodate changes in your business. You can review my QuickBooks Online setup services here.
QuickBooks Online Simple Start
- QuickBooks Online account
- Automatic data backup
- Bank-level security and encryption
- One full-access user
- Print checks and record transactions
- Download bank and credit card transactions
- Import from QuickBooks Desktop
- Import/export lists from Microsoft Excel (customers, vendors, Chart of Accounts)
- Invite up to two accountant users, no additional charge
- Unlimited invoices and estimates
- Prepare and print 1099-Misc
- Integrate with available applications
- Charge sales tax to customers
- Snap photos of receipts so you’re ready for tax time
- Up to 250 accounts on the Chart of Accounts
- Mileage tracking
- Tagging
- Add payroll to pay W-2 employees and file payroll taxes
- 20+ built-in reports
- Cash flow
QuickBooks Online Essentials
With QuickBooks Online Essentials you have access to all the Simple Start features as well as:
- Access for three users with permission controls
- Manage and pay bills, including schedule payments for later
- Unlimited time tracking-only users
- Compare sales profitability with industry trends
- Delayed charges and credits
- Multicurrency
- 40+ built-in reports
- Automatic invoice creation on recurring schedule
- Track billable hours by customer
QuickBooks Online Plus
With QuickBooks Online Plus you have access to all the Essentials features as well as:
- Access for five users with permission controls
- Unlimited reports-only users
- Track billable hours by customer
- Purchase orders
- Class and location tracking: up to 40 total classes and locations
- Track project profitability
- Track inventory using the FIFO method
- Budgets
- Two-sided items for profitability tracking
- Estimates
- 65+ built-in reports
QuickBooks Online Advanced
With QuickBooks Online Advanced, you have access to all the Plus features as well as:
- Access for 25 users with advanced permission controls
- Import or send hundreds of invoices at once
- Get help from a dedicated Customer Success Manager
- Access to Smart Reporting powered by Fathom
- Unlimited class and location tracking
- Data backup and restore
- Enhanced custom fields
- Prioritized technical support calls
- On-demand training
- Unlimited accounts on the chart of accounts
- Workflow automation
- More available tags
The Accountant Advantage
No matter what your business goals may be, partnering with an accountant can help you manage your QuickBooks balance sheets with confidence. Whether you’re starting out, expanding, realigning, or just struggling with your books, count on personalized guidance for your unique financial picture. You can review our services here.
- Expert insights to help you make informed financial decisions
- Accurate bookkeeping to give you financial peace of mind
- Organized statements to keep you prepared for tax season
- Improved efficiency to let you to focus on what you do best
Contact me today and learn what I can do to help your business succeed!
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MJO Bookkeeper, LLC
2820 Audubon Village Drive #355
Audubon, PA 19403
(484) 754-6930
mjobookkeeper@gmail.com