Is QuickBooks Online Plus good for contractors?

Yes.  Contractors are one of the main industry types that is a good fit for using QuickBooks Online Plus but it really depends on the size and scope of your company.  Smaller contractors will probably be able to use Plus but will eventually want to upgrade to the QuickBooks Online Advanced version because of the additional users, features, and scalability.

Here are some of the key features that are in Online Plus and are helpful for the contracting industry:

  1. Up to 5 users
  2. Easily manage job costs with time tracking and project management
  3. Remote access allows you and your employees to be in different places and still have access to your data
  4. Manage 1099 contractors from within QuickBooks Online
  5. Track your expenses into categories so that you can easily track them for tax time
  6. Send professional-looking invoices and estimates from anywhere and with integrated payments, customers can click and pay on the spot
  7. Track labor costs by project
  8. Detailed reporting that allows you to track performance and create projections for the future
  9. Addon full-service payroll and QuickBooks Time tracking for a complete end-to-end system

Here is what is not included in Plus but is added with QuickBooks Online Advanced:

  1. Up to 25 users in Advanced  (vs. 5 in Plus)
  2. Custom roles and permissions so you can limit access to sensitive data
  3. Unlimited classes and locations
  4. Insights and KPIs allow you to control costs and see where you are most profitable and track cash flow
  5. Track labor costs by project
  6. Track employee expenses
  7. Detailed reporting that allows you to track performance and create projections for the future
  8. Batch invoicing and expenses
  9. Workflow automation for tasks and invoice approvals
  10. Sync data with Excel spreadsheets and get business analytics
  11. Online training and VIP 24/7 Priority Circle support included
  12. Data backup and restoration
  13. Premium apps with free integration to products like Salesforce, HubSpot, Bill.com, Centage, and more.

If you have questions on how QuickBooks Online works for Contractors, just give our experts a call at 866-949-7267 and we can help.  If you would like to try QuickBooks Online free for 30 days, just click the free trial link below, and we will send you a full-access copy so that you can test drive it for yourself.