The Difference Between QuickBooks Online and Desktop – Fourlane – The Initial Cost

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

QuickBooks Online and QuickBooks Desktop are two different Intuit accounting software products used by small businesses beginning with startups and small business owners and mid-sized companies with a limited number of users. We describe and compare QuickBooks Online vs Desktop. Also budget for integrated add-on third-party apps, including AP automation software. Transform the way your finance team works. Bring scale and efficiency to your business with fully-automated, end-to-end payables.

The current annual QuickBooks Desktop pricing is based on the number of users. QuickBooks Desktop pricing for 3 users is:. QuickBooks Desktop versions are available through digital download or as products shipped from QuickBooks or other retail merchants. QuickBooks Online QBO is the cloud-based, online version of accounting software provided through a monthly subscription pricing plan.

Small business plans include Simple Start, Plus, and Advanced. QuickBooks Online offers upgrade options and integrates with many add-on third-party apps to increase functionality.

QuickBooks Desktop is on-premises accounting software with optional remote access through an internet connection.

QuickBooks Desktop versions are Pro Plus, Premier Plus, and Enterprise, which are sold as yearly editions with an annual price that varies by the number of users. QuickBooks Desktop Enterprise offers industry-specific editions.

Premier Plus offers industry-specific tools and reports. Enterprise is the most customizable desktop version of QuickBooks. QuickBooks Desktop is offered in Windows or Mac versions. IMS charges transaction fees and other fees for accepting customer credit card, debit card, online invoice, and ACH payments.

The sellers receive customer payments in their designated merchant bank account. Barbara is currently a financial writer working with successful B2B businesses, including SaaS companies. She is a former CFO for fast-growing tech companies and has Deloitte audit experience. QuickBooks Online vs. We’ve paired this article with a comprehensive guide to solving QuickBooks problems with automation. Get the FREE guide. Table of Contents QuickBooks Online vs. What is QuickBooks Desktop? Read more.

Barbara Cook. Contact Us. For QuickBooks Desktop, bank fees may apply to automatically downloaded bank transactions. The Enterprise version has industry-specific editions. Advanced inventory features with Enterprise Platinum and Diamond versions using an internet connection.

Advanced inventory includes mobile inventory barcode scanning. In QuickBooks Desktop, QuickBooks support states that you can manually restore a backup of your accounting data with your backup company file. Third-party integration with AP automation software. Yes, your choice of add-on AP automation software is available including the Tipalti end-to-end solution starting with a self-service vendor onboarding portal.

 
 

 

Benefits of quickbooks online vs desktop –

 

Many small- to medium-sized business owners have been using QuickBooks QB desktop software for decades. In , QuickBooks came out with an online solution QuickBooks Online , which gained significant traffic in more recent years. We still come across businesses stuck in the QuickBooks desktop era. Mind you, this is okay for certain businesses. In this post, we look at QuickBooks Online vs desktop and see if it makes sense for you to move to QBO it probably does!

This is completely normal for first attempts in technology. When companies like Xero entered the market with superior products, QuickBooks knew the business world was moving in the direction of online accounting.

They decided to get serious. In fact, Intuit is abandoning its legacy desktop product in many ways by phasing it out and putting less effort into its development.

With every passing year, QuickBooks Online becomes a more favorable product when compared against desktop. Other online accounting solutions like Xero and NetSuite are also good solutions. This post is less about promoting or comparing online accounting solutions, but more about the benefits of moving your accounting online and if this move makes sense for your business. At this point in time, Xero and QBO are very compatible products with similar functionality and usability.

This software is a very stand-alone product. By stand-alone, we mean two things:. Basically, what you get in the QuickBooks desktop version you download is what you get, and you only get it in a limited access space. Therefore, the desktop version is built out with in-depth features in specific areas such as payroll, job costing, and inventory systems.

While it is great to have all these features in one system, Intuit is no longer developing these features while apps that solve these same problems are constantly being developed.

As apps continue being released that solved industry-specific problems and connect with online accounting solutions, the desktop version falls further behind in its functionality. Another issue to consider is the risk of losing financial data on QuickBooks desktop if your computer goes down. Many desktop users have experienced this sinking feeling of losing many years of key financial data. With QuickBooks desktop, you need to be in the habit of regularly backing up your software.

Unlike QuickBooks desktop, QuickBooks Online has been built with the purpose of being a hub that connects with other tools apps. App creators build industry-specific accounting apps with the ability to connect to online accounting solutions like QBO. Click here to read about when you should and should not integrate apps with QBO. This ecosystem of apps integrated with QBO creates an incredible accounting world of automation, efficiency, and up-to-date solutions.

Let me just give one example. Ecommerce sales tax is out of control. Sales tax laws for ecommerce businesses differ between states and are constantly changing. Solutions such as TaxJar are incredible products that automate the process of identifying in what states businesses owe sales tax, collecting sales tax in those states, and then remitting sales tax in those states.

TaxJar and similar products connect with ecommerce sales channels and online accounting solutions like QBO to automate this entire process, including on the accounting end. This is just one example of the hundreds — maybe thousands — of industry-specific tools that exist.

Now there are sales tax automation tools that integrate with desktop software, but not all of them do. You will find similar situations with other industry-specific tools. Before this ecosystem of accounting solutions, business owners or in-house accountants were the ones solving issues like ecommerce sales tax. In addition, apps that sync with online accounting solutions provide automated, real-time information. Moving to QBO or a similar solution will give many of you better knowledge of your business in better time.

And timely knowledge is power that fuels important managerial and strategic decisions for your business. Learn about how an accountant can help with your QuickBooks Online here , and best of luck in your decision to move to QBO. Call today at Hit enter to search or ESC to close. Close Search. Are you still using QuickBooks Desktop? By stand-alone, we mean two things: The functionality you get with the software you download, is mostly what you get.

There are SOME tools you can integrate with desktop to increase functionality, but options are limited, and the integration is clunky and hard to use. You can only use QuickBooks desktop on the computer that it is downloaded on or in an environment when a server is hosting the software.

This severely limits its ease of access. Are there issues you or your accountant are solving that can be automated with existing tools in the market? Does QuickBooks Online, with an app add-on, give you a better result than Desktop features? Do you struggle to regularly buck up your financial data on QuickBooks Desktop?

Do you have people in multiple locations that need to access QuickBooks easily, or does on-premise work for your needs? Pricing — Are you okay with a subscription model? Do the math to see how often you buy a new version of QuickBooks desktop, and compare that cost with the subscription version of QBO that you would like to use. Preston Alder. Share Tweet Share Pin. Privacy Policy. Powered by Big Red Jelly. Close Menu Want to talk to us now?

 
 

Benefits of quickbooks online vs desktop –

 
 

This is a relatively /15770.txt addition to the QuickBooks family of accounting software, but it has already gained popularity among many users. However, some people are hesitant to make the switch and want to perform the full cost vs. QBO is a different product with different features and different solutions to your problems. There is a monthly fee involved in QBO that allows you to set up one company file. If you run quicknooks businesses, this benefits of quickbooks online vs desktop get expensive.

Meanwhile, QBD requires a single upfront payment that allows you to have as many company files as you want. Going back to cost point, when you sign benefots for QBO online, you are essentially purchasing an access to a service. This access will be revoked when you stop paying or switch to a different bookkeeping software.

If you ever need to access your information again, it will be right there on your computer. Because QBO stores your information in the cloud, it can be accessed via virtually any internet-connected device. This means you can review your invoices on the go, run reports or issue payroll without sitting at your computer.

However, in the desktop version of software you have to manually benefits of quickbooks online vs desktop transactions in order to get the most up-to-date information. QBD is great for inventory management. It dewktop such robust features as an inventory center, shipping manager, inventory reorder and venefits points, etc.

Meanwhile, QBO offers very limited resources for inventory management. The only way to compensate for the missing features is by installing add-ons. QBO makes software maintenance convenient with automatic backups and updates.

However, this can be both a good thing and a bad thing. Automatic updates mean that you are always running the most recent version of the software. But it also means that you have benefits of quickbooks online vs desktop get used to the new features or layout every time a new update is installed.

Whether you are switching to QBO from another software or starting from scratch, you should make sure that the new system has all the important features you need.

For example, not being able to save invoice edits with the original time entry may be a deal breaker for your business, or at least an annoying thing you have to deal with on a daily basis. Craig Kershaw was able to locate a high caliber person who quickly took over the accounting and is now helping to expand the business into new markets. I no longer worry about whether my accounting is being done properly. Pros and Cons of QuickBooks Online vs.

Rental vs Ownership Going back to cost point, when you sign up for QBO online, you are essentially purchasing an access to a service. Mobile Access Because QBO stores your information in the cloud, it can be accessed via virtually any internet-connected device. Inventory Management QBD is great for inventory management. Automatic Backups and Updates QBO makes software maintenance convenient with automatic backups and updates.

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