Are you tired of managing your finances alone? Want to speed up your business? There is one platform that can help in managing your business which is QuickBooks Online Essentials. QuickBooks Online offers a cloud-based service that aids in tracking your finances. QuickBooks Essential syncs with your accounts and categorizes your accounts which helps your business grow worldwide. For more read the article further. Let’s start.
Overview Of QuickBooks Online Essentials
To learn more we start with the introduction of QuickBooks Online Essentials.
What is QuickBooks Essential?
QuickBooks is one of the most demanding tools in the business world. Enterprises shift their businesses towards cloud service for real-time experience. This tool provides greater flexibility, automates the work by helping manage the bills, customizes invoices, helps at the time of tax, tracks profit and expenses, runs the report that helps you understand how your company is performing, and many more.
Features of Essential QB Online
Some of the features are written below:
- Integration Proficiency: Integration with other tools is very simple in Online Essential.
- Recurring Transaction: Recurring transactions are one of the best features for time-saving. Recurring transactions are found under the gear icon on the top right.
- Weekly timesheet: Helps in making the records of your work automatically.
- Track Expenses: The indicated tool keeps an eye on your expenses, your losses, and your profits.
- User Accessibility: Up to 3 users can use the service. Users can set the authentication(login credentials) for security purposes.
System Requirement
System requirements are different for every device. Some of them are mentioned.
- For Windows PC: The operating system should be Windows 10 and above with processor i5, and the 4GB minimum requirement. For printing purposes, Adobe Reader must be 11.0 or above than this.
- For Mac: The Mac OS should be 11 and newer. The internet speed is at least 3Mbps. The current version you can use is Microsoft Edge, Chrome, Firefox, etc.
- Mobile Version: Quickbooks can be run on any Android, iPad, and tablet device.
Subscription Measures
Quickbook essential pricing is different for every plan/service. Subscription levels are divided into three parts that are:
- Simple Start
- Essential
- Plus
Simple Start
For a small business or a solo business enterprise, the simple start is best fitted. Because QuickBooks Simple Start is an entry-level service it provides basic services like payment tracking, and elementary reporting, that help in growing the business.
QuickBooks Essential
Essential is used for medium business. 3 people can use this service and 40+ reports can be made by using this tool. Data can be accessed by laptops, tablets, and phone devices. Payroll service is provided and you can command what users can approach.
QuickBooks Plus
Plus is used for large businesses. 5+ users and 50+ built-in reports are offered by this subscription. It covers all the features of the start and the essentials other than this it provides many more features like composing and printing the 1099 and transactions from the bank and credit card.
QB Online Essentials vs Plus
Many users have questions in their mind what is the difference between QuickBooks Essentials and Plus? The main difference is among them is of number of users. Plus offers 5+ people on the other hand essentials provide 3 people only. The second difference is Essential is designed mainly for service-based businesses while Plus provides Service-based businesses as well as Product based businesses. Both are part of QuickBooks Online and benefit the business in their way.
Pros of Using QBO Essential
QuickBooks Essentials are beneficial in many ways. Here are some listed below:
- Keep tabs on income and expenses.
- Automatically send reports and inventory.
- Security of data
- Manage Finances.
- Multiple windows can open at the same time.
- Various payment modes are available.
- Easy app synchronization.
- Support multiple currencies.
Cons of Using QB Online Essentials
Some of the disadvantages are mentioned below:
- Adding features may be expensive
- Users can’t transmit files from non-intuit payroll.
- After the payroll submission, you can’t print an invoice after one dive.
- Local Banks are not supported.
- CSV File is not supported.
- Need to take separate subscriptions for each company.
Bottom Line
In the end, we wrap up the discussion by concluding that if you want to upgrade your business account from the spreadsheet or basic tool then QuickBooks Online Essentials is a must-try. If you want to upgrade your plan from essential to plus then you can easily do so by navigating to the upgrade page and selecting the plus plan. If you have any problem and you have any query then you can visit the website or you may call the mentioned number on the website, and their professionals will guide you.
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