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Quickbooks is a product from Intuit, a massive company with a market cap of over $60B as of this writing (in comparison, that is 10x the market cap of all of Zillow Group). QuickBooks can scale with your business and handle not just income, expenses, and P&Ls, but your HR hiring, billing, invoicing mileage tracking, and more. Quickbooks is known for its user-friendly interface and powerful reporting capabilities, making it the go-to accounting software for small businesses. Its cloud-based platform allows for easy access from anywhere, and its integration with other business tools such as Shopify and Square make it a versatile and essential tool for business owners. Whether you’re a freelancer, a small business owner, or a growing enterprise, QuickBooks has the features and flexibility to meet your accounting needs.
Inuit is headquartered in Mountain View, CA and was founded in 1983. They also provide other familiar products like TurboTax and Mint.
Best Features
Use QuickBooks if…
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The Simple Start plan sells for $12.50/mo and is the starting point for non-sole proprietors (LLCs, S corps, etc).
The Essentials Plan at $25/mo adds up to 3 users and time tracking.
Skip QuickBooks if…
The Plus plan is $40/mo and adds project and inventory tracking, up to 5 users, and projects.
QuickBooks Advanced is $90/mo and includes more users, dedicated customer support and training, custom permissions, business analytics, and more.
The Freelancer, or Self-Employed plan, is for sole proprietors who can file on Schedule C – the “Self-Employed” plan. If this applies to you, then you can get started for $7.50/mo. This basic plan includes mileage tracking, estimating quarterly taxes, receipt capture, invoicing, and income/expense tracking.
There is a 30-day free trial, but if you take that option instead of simply buying the product outright, all the prices double.
*This is current to the best of my knowledge at the time of this writing. Contact the vendor directly to check current prices, discounts, and terms.
Review still in progress!
Biggest Pitfalls
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QuickBooks Pricing*
- $12.50/mo for the Simple Start Plan
- $25/mo for the Essentials Plan
- $40/mo for the Plus Plan
- $90/mo for the Advanced Plan
- $7.50/mo for the Self-Employed plan
- Several add-ons
- No contract and free trial with strings attached
My Personal Recommendation
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