It seems the web-based QuickBooks Online is where Intuit sees its future growth, however, it may not be the right choice for you. 1.2M on QuickBooks Desktop. How do you know which one makes sense for your business needs? While QuickBooks Desktop has been dominant in the small business accounting space, more than 80% of new QuickBooks users are choosing QuickBooks Online over QuickBooks Desktop.In fact, Intuit, the creators of QuickBooks, has forecasted that of their 3.4M projected users in FY 2017, they expect 2.2M to be on QuickBooks Online vs. The QuickBooks Desktop comes in the list of locally installed software with a license purchase system whereas QBO is a cloud-based system with a monthly pricing model.So you're trying to decide between QuickBooks Online and QuickBooks Desktop. Both QuickBooks Desktop and QuickBooks online provide amazing and strong accounting solutions however you can find key differences when it is compared. QuickBooks Online VS Desktop.
![]() Quicbooks Online Vs Quickbooks License Purchase System![]() Advantages of QuickBooks Desktop 2018Now we are going to go some of the advantages that QuickBooks Desktop has over QuickBooks online. Therefore, it makes sense to support the Online version instead.This discontinuation means that if you are a Mac user you should probably sign up for QuickBooks Online. The reason, we speculate, is that there is overlap in demand for QuickBooks Desktop for Mac and QuickBooks Online. Read ahead to learn more.All three versions allow you to track income and expenses, generate professional invoices, monitor sales tax, manage bills and accounts payable, track employee time and billable hours, track inventory and pay 1099 independent contractors.Feature ProPremierEnterprisePrice$299.95$499.95$1100/yearRun Reports100+ reports150+ Industry-Specific Reports150+ Advanced ReportsTrack and send estimatesYesYesYes – advanced pricingForecastingNoYesYesNumber of Users3530Industry Specific VersionNoYesYesMobile Inventory Barcode ScanningNoNoYesUnlimited 24/7 support, data backups, and upgradesNoNoYes QuickBooks Desktop for Mac in 2018To nudge their customer base towards QuickBooks Online, Intuit announced that QuickBooks Desktop for Mac 2016 would be its last version. The exception is QuickBooks Desktop Enterprise, which requires an annual payment.Intuit offers three versions of QuickBooks Desktop:QuickBooks Premier and Enterprise offer industry-specific versions of QuickBooks such as Retail, Contractor, Professional Services and more.Note: QuickBooks does offer a Mac version of QuickBooks Desktop, but Intuit has discontinued it. With QuickBooks Online, you can only select average cost method. Want multiple inventory tracking options like FIFO or the average cost method. Pick QuickBooks Desktop if you: Some of the Desktop features have not made it to the Online platform yet. For example, in the General Contractor version, you can analyze job profitability or track job estimates. Require features specific to your industry like Retail & Non-Profit. Batch invoicing is helpful if you need to send recurring invoices to the same group of customers with the same price/service/invoice template and billing frequency. Industry Specific Reporting such as Retail, Non-Profit or Contractor Get actual reports of Job Costing to compare estimates In QuickBooks Desktop, you can customize your icon bar, views, homepage and much more.Here’s a quick rundown of QuickBooks Desktop's exclusive features: Data Entry: Prefer a more customizable solution. The burden of so many features in QuickBooks Desktop will weigh you and your business down, as opposed to the ease-of-use and simplicity that is provided in QuickBooks Online. The payroll service is only compatible with the Simple Start, Essentials and Plus plans.Feature Self-EmployedSimple StartEssentialsPlusPrice$10 per month$15 per month$35 per month$50 per monthSend Professional EstimatesNoYesYesYesTrack sales and sales taxNoYesYesYesManage your billsNoNoYesYesAdditional Users1135Track employee time and billable hoursNoNoYesYesCreate and manage budgetsNoNoNoYesPay 1099 contractorsNoNoNoYes Advantages of QuickBooks Online 2018If you are the owner of a small to medium-sized service-based business, or you are just starting out as solopreneur, you should seriously consider QuickBooks Online. QuickBooks Online Pricing 2018Intuit offers four tiers of QuickBooks Online:The self-employed option is excellent for independent contractors, while the other three (Simple Start, Essentials, and Pro) are more geared towards small to medium-sized businesses.All four version allows you to track income and expenses, minimize tax deductions, create invoices, accept payments, and run reports.You can also opt-in for payroll service for an additional fee. QuickBooks Online is billed as a traditional Software as a Service (SaaS) where you pay a smaller monthly price to access a continuously updated platform. Set up automatic and scheduled local backupsQuickBooks Online is a more recent addition to the Intuit product offerings. Set and Maintain Inventory Reorder Points Understand the risks associated with cloud-based software such as data breachesHere’s a quick rundown of QuickBooks Online's exclusive features: Are open to taking advantage of automation Prefer to pay a smaller monthly fee rather than a hefty upfront fee Require access to 24/7 technical support Would like to use QuickBooks from any device in any location Want to easily give access to other users to your QuickBooks account Check the Audit Log to review actions and track changes over time. Automatically organize bank and credit card transactions Attach documents, images and signatures to transactions using a smartphone or with file upload For example, you can give a user report access only or customize what they can access. There are four types of user roles you can assign. Give users limited access. Relabel your customers to however you refer to them (clients, customers or any other label you prefer) Silicon power recovertool v20033 l1224 recovertool_v20033_l1224exeSince QuickBooks Online is hosted in the cloud, you will always have access to the newest version of QuickBooks without having to make any changes on your end. The latest version is updated automatically. There are over 400 apps that can be integrated into QuickBooks Online. Seamless Integration with 3rd party apps. Manage and track numerous budgets per fiscal year
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