QuickBooks Online is a browser-based version of the QuickBooks Desktop accounting software. It also has an intuitive interface, multi-user support, and extensive reporting functions. QuickBooks Online Essentials is one of its plans. Every plan has unique and advanced features for its users. It also offers Simple Start, Essentials, Plus, and Advanced plans for its users.
QuickBooks Online Essentials plan is specially designed for service-based businesses. It keeps you on top of business performance. It also allows you to get sales by customer report, detailed profit & loss reports, etc. Moreover, you can pay multiple vendors simultaneously with QuickBooks essential.
What Is QuickBooks Online Essentials Plan?
The QuickBooks Online Essentials plan costs $40 per month. It supports up to three users. The plan is excellent for small businesses that are growing. It also has increased the number of clients, employees, and suppliers. Moreover, you can track bills, scan bills, and record payments. The QuickBooks Essentials also offer a time tracking feature. Moreover, it allows you to categorize clients & employees.
You can also track all your business transactions online by choosing the right cloud-based accounting software. QuickBooks Online is one of them. Moreover, the QuickBooks Online Essentials plan is one of the three existing plans. It is best to track the income and expenses of your business with the help of this software. It is also suitable for small business owners.
Available Tools In QuickBooks Online Essentials Login Account
QuickBooks offers advanced tools in QuickBooks Online software. You will get additional tools in the QuickBooks Online Essentials plan. These tools are listed below:
- Manage Bills
- Detailed Reports
- Track Income & Expenses
- Capture & Organize Receipts
- Maximize Tax Deductions
- Invoice & Accept Payments
- Track Miles & Time
- Send Estimates
- Track Sales & Sales Tax
- Includes Three Users.
Difference Between The QuickBooks Essentials & Other Software Plans
You must know about your business needs before choosing a QuickBooks plan for your business. QuickBooks Simple Start Plan is best for startups or companies willing to grow rapidly. It is also the primary way to manage your accounting services. It does not have project management or inventory management features.
QuickBooks essentials plan is also best for small businesses and offers three users support. QuickBooks Online Plus has inventory and project management features. It has support for up to five users in its advanced plan. QuickBooks Advanced is only for larger businesses. Moreover, the Advanced plan supports up to 25 users. You will also need advanced help in reporting.
You can choose small plans and upgrade them to more extensive plans whenever you need more tools and accounts. Here is a comparison between all QuickBooks Online Plans, and you can easily select the right QuickBooks plan.
|Users||Single User||Three||Five||25 Users|
|Priority Care Support||X||X||X||✓|
|Custom User Permissions||X||X||X||✓|
QuickBooks Online Essentials Vs Plus
QuickBooks Online Plus plan costs $70 per month. It also supports several advanced features and five users. Moreover, the Plus plan is best for medium-sized businesses that require more complexities. It also offers the ability to track ongoing projects. The project reports show expenses, payroll, labor costs, etc. You can also improve the productivity and efficiency of your business by monitoring the project reports and profitability.
The QuickBooks Online Essentials plan costs $50 per month. It is also a step up from a simple start plan. Moreover, it comes with three user support and has some advanced features.
Here is the comparison between the features of both plans:
|QuickBooks Online Essentials||QuickBooks Online Plus|
|Unlimited Estimates & Invoices||Tax Support|
|Time tracking||Unlimited Invoices & Estimates|
|Contact Management||Class & expense tracking|
|Expense tracking||Live Bank feeds|
|650 Integrations||Project Management|
|Live bank feeds||Reporting|
|Mileage tracking||Time tracking|
QuickBooks Online Essentials Price
QuickBooks offers Simple Start, Essentials, Plus, and Advanced. Simple Start plan has basic accounting tools. After that, Essentials includes multi-user support for upto three users. It also allows you to track time and manage bills. Then, the Plus plan supports five users and grants inventory & project profitability tracking. In the QuickBooks Online Advanced plan, you can track business analytics & insights. The QuickBooks Online Essentials Price is $50. You can get a discount at the time of purchase. QuickBooks also offers discounts on annual payments.
Here are the price details of each QuickBooks Online plan:
- Simple Start: $25
- Essentials: $50
- Plus: $80
- Advanced: $180.
QuickBooks Online also provides a free trial for 30 days.
QuickBooks Online is excellent accounting software that is suitable for small businesses. QuickBooks Online Essentials offers online access to Bookkeeping services. It also grants all bookkeeping tools to upload bills and invoices. Wire IT Solutions offers software support and professional accounting services for SMEs. Moreover, you can call our experts to resolve any queries related to the accounting software.
Frequently Asked Questions
Three users can use QuickBooks Online Essentials at the same time. It keeps track of your accounts payable, accounts receivable, expenses, and income. It offers the ability to create reports. QuickBooks Essentials plan also allows you to connect with the accountant. As a result, you will get an easy taxation process.
QuickBooks Essentials plan costs $50 per month. Follow these steps to purchase the QuickBooks Essentials plan:
- Firstly, launch any web browser on your device.
- After that, click on the Products tab.
- Then, choose the QuickBooks Online software.
- Moreover, select the Essential Plan from the list.
- Then, follow on-screen prompts and tap Next to proceed.
- After that, select the payment method and make the payment.
Finally, log in to your QuickBooks account and finalize the process.
QuickBooks Essentials plan costs $50 per month. You will get several discounts for the QuickBooks Online plans. QuickBooks also offers a free trial for 30 days. After that, you can continue or upgrade the plan for more tools.
Follow these steps to reduce accounts payable in QuickBooks Essentials:
- Firstly, click on the + icon or Create option.
- After that, select the Journal Entry tab.
- Then, go to the Accounts column and click Accounts Payable.
- Moreover, type in your payment amount in the Credit section.
- After that, choose your Vendor’s name from the list.
- Then, locate and select the Clearing Account option.
- Moreover, enter the exact amount in the Debit column.
Finally, tap Save to save the changes on your account.