QuickBooks Premier Review 2024: Pricing, Pros & Cons

Most integrations come with additional monthly subscription fees, so be sure to account for these extra costs when calculating how much QuickBooks is going to set you back. QuickBooks Premier includes more than 150 industry-specific reports to help you better manage your finances. It also comes with the ability to track sales, customer payments, product costs and more. If you are looking for cloud-based, real-time accounting you can access from any computer, you’d be better off with another solution, such as QuickBooks Online. You can also check out our top QuickBooks alternatives to see what other services stack up to this industry powerhouse.

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QuickBooks Online Vs. Desktop: What’s The Difference?

FreshBooks is great for self-employed individuals, sole proprietors and independent contractors. It is incredibly user-friendly and easy to navigate, so if you are a sole proprietor looking for basic accounting software, FreshBooks will meet your needs at a relatively low cost. Its basic plan is in line with QuickBooks Simple Start, at $15 per month. QuickBooks Solopreneur is a “lite” version of the online product that’s ideal for people who earn income from a variety of sources and helps to separate personal and business finances. Customer support includes 24/7 help from a virtual assistant (chat bot) as well as live phone and chat support during daytime hours, Monday through Saturday. While cost is an important consideration, it shouldn’t be the only deciding factor when evaluating your accounting software options.

If you make the switch from Desktop to Online, you can import your data and access your original company file at any time. Note, each QuickBooks Live offering requires an active QuickBooks Online subscription and additional terms, conditions, limitations and fees apply. For more information about services provided by Live Bookkeeping, refer to the QuickBooks Terms of Service. QuickBooks Enterprise has significantly fewer additional fees than QuickBooks Pro and Premier since many features are included with your annual subscription. Its highest-tiered plan is the Advanced option, which costs $100 per month for the first three months, then $200 per month after that. QuickBooks Online is one of the preeminent cloud-based accounting software platforms on the market.

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Also, if you’d like to add on the ability to accept online payments for your invoices, you’ll need to sign up for QuickBooks Payments. There is a free plan that charges $3 for automated clearing house (ACH) bank transfers and anywhere from 2.4% to 3.5% plus 30 cents for credit card transactions. To get a discount on those rates of 1.6% to 3.3% plus 30 cents, you can pay a monthly $20 service fee. Access your account via the cloud for up to 25 users with the Online version, and pay an additional fee per user, up to 40 users, for cloud access with Desktop. What used to be a huge bulk of QuickBooks business is no longer so—it focuses mostly on its cloud version and 10 websites to find facts and statistics actively encourages users to make the switch from Desktop to Online. This may signal future abandonment of its Desktop version as more people move to the cloud.

1. The ability to customize your reporting exactly to your needs can help you optimize your finances and easily spot issues.
2. For an extra $50, sign up for a one-time live Bookkeeping setup with any of its plans.
3. The next time you sign in to the remote environment using your email address and password, you’ll see QuickBooks on your desktop.
4. What’s more, Intuit makes it incredibly difficult to track down prices for all the additional charges you may face.
5. What used to be a huge bulk of QuickBooks business is no longer so—it focuses mostly on its cloud version and actively encourages users to make the switch from Desktop to Online.

QuickBooks Online Pricing And Plans (2024 Guide)

Users can also add a Salesforce CRM connector for $150/month and QuickBooks Time Elite for $5/employee each month. Starts at $4,668/year for one user (only offered as a monthly subscription). Standard accounting tools, including invoicing and payments, income and expense tracking, bill management and basic reporting.

Additional QuickBooks Premier Costs

You can download the QuickBooks Online mobile app from the Google Play Store or Apple App Store. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships. If you aren’t currently a QuickBooks Desktop customer, you’ll have to decide quickly if you want to use this accounting software.

If you previously purchased QuickBooks Desktop licensing, you can continue to use the software as long as you like. However, be aware that support for your product will end three years after its release. See articles customized for your product and join our large community of QuickBooks users. Cassie is a former deputy editor who collaborated with teams around the world while living in the beautiful hills of Kentucky. Prior to joining the team at Forbes Advisor, Cassie was a guide to nonprofit accounting for non-accountants a content operations manager and copywriting manager.

Along with these 150 reports, you’ll also be able to enter up to 14,500 inventory items, which should be more than enough for most businesses. Your chart of accounts can also hold up to 10,000 entries, which again, should be ample. For an extra $50, sign up for a one-time live Bookkeeping setup with any of its plans. Today’s leading accounting platforms offer standard security features like data encryption, secure credential tokenization and more. While unrelated business income tax requirements human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. All Platinum features, plus Assisted Payroll to handle federal and state payroll taxes filings for $1/employee each pay period.