How Much Is QuickBooks Online Plus & Is It Worth It?

QuickBooks Online Plus is one of the most popular accounting solutions for small to medium-sized businesses. Known for its robust features and user-friendly interface, Plus helps businesses manage their finances efficiently. However, potential users often wonder about the cost and whether it provides enough value to justify the expense.

Let’s break down the cost of QuickBooks Online Plus and explore the numerous benefits it offers. 

QuickBooks Online Plus Cost

As of this writing, QuickBooks Online Plus costs $90 per month. This pricing provides access to a comprehensive suite of accounting tools designed to streamline your business operations. While it may seem like a significant investment, the value it offers in terms of features and support can outweigh the monthly expense. Also, you can purchase QuickBooks Online at a discounted price by buying from a QuickBooks reseller.

Why Consider QuickBooks Online Plus?

Class and Location Tracking

QuickBooks Online Plus includes class and location tracking, allowing businesses to categorize income and expenses by department, location, or any other classification. This feature is particularly useful for companies with multiple branches or departments, as it enables detailed financial reporting and analysis.

Class and location tracking help businesses gain insights into the performance of different segments, making it easier to allocate resources and identify profitable areas. This level of granularity in tracking enhances financial control and strategic decision-making.

Project Accounting

Project accounting is another standout feature of QuickBooks Online Plus. This tool allows businesses to track income and expenses for specific projects, ensuring accurate financial management and profitability analysis. Users can create project-specific reports, monitor time and expenses, and invoice customers directly from the project module.

With project accounting, businesses can maintain a clear view of project performance, ensuring that all costs are accounted for and that projects stay within budget. This feature is invaluable for service-based businesses and those involved in long-term projects.

Inventory Management

QuickBooks Online Plus offers robust inventory management capabilities, allowing businesses to track inventory levels, monitor stock, and manage reorders. This feature integrates seamlessly with sales and purchase workflows, ensuring that inventory data is always up-to-date.

Effective inventory management helps businesses avoid stockouts and overstock situations, improving cash flow and customer satisfaction. By maintaining optimal inventory levels, businesses can reduce carrying costs and enhance operational efficiency.

Enhanced Reporting

With QuickBooks Online Plus, users have access to over 65 reports, including profit and loss statements, balance sheets, and cash flow statements. These reports can be customized to meet specific business needs, providing detailed insights into financial performance.

Enhanced reporting capabilities enable businesses to make informed decisions based on accurate and comprehensive financial data. Regularly analyzing these reports helps identify trends, measure performance, and plan for future growth.

Budgeting and Forecasting

QuickBooks Online Plus includes tools for budgeting and forecasting, allowing businesses to set financial goals and track their progress. Users can create detailed budgets, compare actual performance against budgeted figures, and adjust forecasts as needed.

Budgeting and forecasting are essential for maintaining financial discipline and planning for the future. These tools help businesses stay on track with their financial goals, anticipate cash flow needs, and make proactive adjustments to their strategies.

Time Tracking

Time tracking is integrated into QuickBooks Online Plus, making it easy for businesses to record billable hours and manage employee time. Users can track time by project, client, or activity, ensuring accurate billing and payroll processing.

Accurate time tracking helps businesses optimize productivity, ensure fair compensation, and improve client billing accuracy. This feature is especially beneficial for service-based industries where time management is critical to profitability.

Integration with Third-Party Apps

QuickBooks Online Plus integrates with a wide range of third-party applications, enhancing its functionality and allowing businesses to customize their workflows. Whether it’s CRM systems, e-commerce platforms, or payroll services, these integrations streamline operations and reduce manual data entry.

By integrating with other business tools, QuickBooks Online Plus creates a cohesive ecosystem that enhances efficiency and productivity. This flexibility allows businesses to tailor the software to their unique needs, improving overall performance.

For more information, explore the 10 reasons to use QuickBooks Online Plus for your small business.

Conclusion

QuickBooks Online Plus offers plenty of features that can significantly benefit small to medium-sized businesses. From class and location tracking to project accounting and inventory management, the tools provided by QuickBooks Online Plus are designed to streamline financial management and enhance operational efficiency.

.If you are ready to enjoy the benefits of QuickBooks Online Plus, Paygration is here to help. We offer discounts, free consultations, and ongoing support to ensure you get the most out of your QuickBooks Online Plus investment. Get started today by calling us at 866-949-7267 or clicking the link below.