![]() ![]() You connect your bank accounts, and after that, the service quizzes you about specific transactions, asking whether a designated category would be appropriate for a particular expense. The app works in the background to change some of the core settings to accommodate your specific type of business. ![]() Once you’ve created an account, you go through a brief setup to tell QuickBooks Online some basic information about your business. QuickBooks Online has enhanced its automated transaction categorization tool, which can be especially helpful to new users who have dozens or hundreds of transactions to categorize. Online help also seems to be improved over what we saw in previous years. For example, news users can now get help with setup by phone free of charge. QuickBooks Online’s high price becomes more palatable when you consider the additional customizability and support it has. And Patriot Software Accounting Premium costs $30 per month. Zoho Books costs $60 per month for Premium. FreshBooks does, however, charge $11 per month for each additional team member, whereas QuickBooks Online Plus includes five for free. Its Premium version ($55 per month) offers much of the same functionality as QuickBooks Online Plus and some that are unique to it. FreshBooks is more affordable in some cases. QuickBooks Online costs more than just about any competing applications for small business accounting, though it depends on how many users you have. QuickBooks Online has its own tightly integrated payroll application, QuickBooks Payroll. The Advanced version costs $200 per month, supports 25 users, and adds employee expenses, batch invoices and expenses, custom access controls, and other features. For $90 per month, the Plus plan (which I tested for this review) includes inventory and project profitability tracking and support for five users. The $60-per-month Essentials plan adds bill management, support for three users, and time tracking. Simple Start costs $30 per month and is designed for microbusinesses. QuickBooks Online comes in four versions, all of which look and work similarly and offer a 30-day free trial. If your small business is extra small, however, we recommend FreshBooks, which is the best accounting app for freelancers and independent contractors. For everyone else, QuickBooks Online remains our top choice. Feature enhancements over the last year help users save time and get the assistance they need. A well-integrated payroll app and hundreds of add-ons extend its usefulness to an even broader audience. It's a PCMag Editors' Choice award winner again this year thanks to its depth of features, customizability, and understandable user interface. QuickBooks Online, owned by Intuit, has been the best small business accounting application for many years. Best Hosted Endpoint Protection and Security Software. ![]()
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