Transitioning from QuickBooks Desktop to QuickBooks Online Plus presents a series of considerations that can significantly impact your business’s financial management. The decision to switch or upgrade to an online accounting solution is fraught with concerns over selecting the right version, understanding the functionalities gained or potentially lost, and the apprehension surrounding the commitment to a new platform.
This guide explores QuickBooks Online Plus, detailing the benefits and features of this powerful tool to ensure you make the right decision.
The Top 16 Features of QuickBooks Online Plus
QuickBooks Online Plus offers a suite of features tailored to meet the needs of small to medium-sized businesses looking to streamline their financial operations. Here’s a detailed look at the top 16 features:
- Invoice and Payments: QuickBooks Online Plus simplifies the invoicing process, allowing businesses to create custom, professional invoices that can be sent directly to clients. Payments are seamlessly integrated, enabling quick payment processing and automating the reconciliation of transactions.
- Tax Deductions: Maximize your tax deductions with ease. QuickBooks Online Plus categorizes expenses and tracks them against your income, ensuring you’re leveraging every possible deduction come tax time.
- Comprehensive Reports: Gain deep insights into your business’s financial health with a range of customizable reports. From profit and loss statements to balance sheets, you have the data you need to make informed decisions.
- Receipt Capture: Eliminate paper clutter and manual data entry. Snap photos of your receipts and QuickBooks Online Plus will automatically match and categorize them, simplifying expense tracking and reporting.
- Mileage Tracking: For businesses that require travel, mileage tracking is automated, capturing every trip and calculating distances to ensure accurate expense reporting and reimbursements.
- Cash Flow Management: Stay on top of your cash flow with real-time tracking of incoming and outgoing funds. Visual dashboards and projections help you manage liquidity and plan for the future.
- Sales and Sales Tax: Automate the calculation, collection, and remittance of sales tax. QuickBooks Online Plus keeps sales tax rates updated, ensuring compliance and accuracy in all transactions.
- Estimates: Create and customize estimates for your clients. Once approved, these estimates can be easily converted into invoices, streamlining the sales process.
- Contractors: Managing contractors is simplified, with features for tracking payments, issuing 1099 forms, and ensuring compliance with tax requirements.
- Connect All Sales Channels: Integrate all your sales channels into one platform, ensuring cohesive tracking of sales, inventory, and customer information across online and offline points of sale.
- Multiple Currencies: Conduct business globally with support for multiple currencies. QuickBooks Online Plus automatically updates exchange rates, making international transactions straightforward and accurate.
- Bill Management: Keep your payables in check with comprehensive bill management. Schedule payments, track due dates, and manage your expenses efficiently to avoid late fees.
- Includes 5 Users: QuickBooks Online Plus includes access for up to 5 users, enabling collaboration and role-specific access to financial data, enhancing team productivity and data security.
- Enter Time: Track time spent on projects or by employees directly within the platform. This feature aids in labor costing, invoicing for time-based services, and payroll processing.
- Inventory: Advanced inventory management tools allow for real-time tracking of stock levels, orders, and sales, ensuring you can efficiently manage your supply chain and meet customer demand.
- Project Profitability: Monitor the profitability of each project with detailed reporting on costs, labor, and expenses against revenue, enabling more strategic decisions and resource allocation.
Check out how Plus differs from the lower plan, Essentials, in our Plus vs Essentials comparison guide.
Making the Decision with Confidence
The apprehension about transitioning to a new accounting system is understandable, but QuickBooks Online Plus is designed to make this process as seamless and beneficial as possible. The concerns about feature compatibility, adaptation, and potential reversibility are addressed through comprehensive support and resources.
Our Commitment to Your Smooth Transition
To facilitate an informed decision, we offer free, no-obligation consulting, focusing on the critical aspects that need consideration when choosing QuickBooks Online Plus. This is complemented by a free 30-day live demo, access to over 100 training videos, and free lifetime consultation, including data conversion support from QuickBooks Desktop. Our offerings ensure you have all the tools and knowledge at your disposal to make QuickBooks Online Plus a perfect fit for your business.
Discover QuickBooks Online Plus for Your Business
Transitioning to or choosing QuickBooks Online Plus for your accounting needs signifies a strategic step towards enhanced financial management and operational efficiency. To explore how QuickBooks Online Plus can transform your business and to take advantage of our exclusive resources, contact our experts at 866-949-7267.
