There is a lot of confusion out there about what QuickBooks Online Advanced is and what is not. For a little context, QuickBooks Online offers 4 versions of the software:
- $25/month: QuickBooks Simple Start
- $50/month: QuickBooks Essentials
- $80/month: QuickBooks Plus
- $180/month: QuickBooks Advanced
You can check out the latest pricing for them and/or sign up here: https://hectorgarcia.com/qb
Anyway, in this article, I am going to compare the feature set of the different versions starting from Simple Start to Advanced.
QuickBooks Online Simple Start has these core features:
- Track Invoices, Checks, and Expenses
- Capture and Organize Receipts and other attachments
- Accept Online Payments (with approved QuickBooks Payments account) at 2.75% for credit card payment
- Track miles
- Create and Send Estimates
- Track Sales Tax
- Manage 1099 contractors (additional fee to create/file 1099-MISC forms)
- Connect to banks and download transactions
- Basic Financial Reports
- Access to 1 user + 2 External Accountants
QuickBooks Online Essentials, has all the features of QuickBooks Online Simple Start, and:
- Manage Accounts Payable (Bills)
- Track time (timesheets)
- Access to 3 users + 2 External Accountant
QuickBooks Online Plus, has all the basic features of QuickBooks Online Essentials, and:
- Access to 5 users + 2 External Accountant
- Track Project Profitability (Job Costing)
- Create Purchase Orders
QuickBooks Online ADVANCED, has all the basic features of QuickBooks Online Plus, and:
- Number of users is now up to 25 + 3 External Accountants
- Additional customizable user permissions by role
- Unlimited active accounts in the Chart of Accounts (limited to 250 in all other versions)
- Unlimited Classes and Locations (limited to 40 total in all other versions)
- Accelerated Invoicing: Import Invoices from CSV File and Batch Enter Invoices
- Batch Enter Checks and Expenses
- Customizable Workflows
- Fathom Reporting App Included with the subscription ($40 a month value)
- Enhanced Custom Fields: ability to search, sort and filter reports by custom field and customizable format for custom fields such as date, drop-down menu, etc.
- Export Reports to Google Sheets
- Revenue Streams reporting module: compare your income using multiple dimensions
Here is a complete chart that compares ALL versions of QuickBooks (including Desktop)
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