If you are going to create a new QuickBooks Online Account in the US, use my link to get 30% off for 12 months: https://quickbooks.intuit.com/partners/irp/?cid=irp-4337
Basic Features you see in QBO Simple Start and all versions:
- Invoices, Credit Memo & Receive Payments (Accounts Receivables)
- Estimates
- Sales Receipts & Refund Receipts
- Expenses, Checks, and Credit Card Credits
- Bills, Vendor Credits, and Pay Bills (Accounts Payables)
- Bank Deposit
- Bank Transfers and Pay down Credit Card
- Journal Entries
- Customer Statements
- Bank Feeds (Downloaded Transactions) & Bank Rules
- Receipt Capture
- Chart of Accounts
- Track Contractors & 1099’s (extra fee to file)
- Track Mileage
- Sales Tax Management
- 1 Connected UD-based Sales Channel (Amazon, E-bay, or Shopify)
- Track Items for sales: Services & Non-Inventory Parts
- 70+ Canned Reports
- Report Customization
- Attachments
- Tags
- Reconciliations
- Business Dashboard & Cashflow Planner
- Recurring Transactions
Features you see in QBO Essentials ($60/m), but not Simple Start ($30/m):
- All the features in Simple Start, plus:
- 3 Users (vs. 1 user)
- 3 Connected Sales Channels (vs. 1 Sales Channel)
- Multi-Currency Support
- Time Tracking (timesheets)
- Track Billable Time by Customer
- Delayed Credit and Delayed Charges
- Item Bundles
- Up to 3 Custom Fields for invoices and estimates
- 90+ Canned Reports
Features you see in QBO Plus ($90/m), but not Essentials ($60/m):
- All the features in Essentials, plus:
- 5 Users (vs. 3 user) + Unlimited Time Tracking Only and Report View Only users
- Unlimited Sales Channels (vs. 3 Sales Channel)
- Purchase Orders
- Inventory Management
- Profitability by Product
- Project Tracking (Job Costing)
- Budget Tracking
- Class and Location Tracking (up to 40 collectively)
- Price Rules
- Track Billable (or not-billable) Expenses and Items by Customer
- Track Items (products and services) on expense and purchase forms
- Customer Type
- 120+ Canned Reports
Features you see in QBO Advanced ($200/m), but not Plus ($90/m):
- All the features in Plus, plus:
- 25 Users (vs. 5 users) + Unlimited Time Tracking Only and Report View Only users
- Custom User Roles
- Cost Estimates on Projects for Estimates vs. Actual Reports and WIP Reports
- Forecasting and Budget Tracking
- Up to 25 ENHANCED Custom Fields
- Employee Expense Claims
- Fixed Asset Manager
- Revenue Recognition
- Spreadsheet Sync
- Workflow Automation (Transaction Approvals)
- Backup and Restore
- Custom Report Builder and Custom Charts
- Performance Center
- Batch Transactions Such as Invoices or Expenses
- Reclassify Transactions
- Unlimited Classes and Location Tracking
For the ultra-nerds like me: I built a spreadsheet with all sorts of comparisons across ALL versions of QuickBooks, including Ledger, Solopreneur, and Desktop/Enterprise editions, check it out: https://hectorgarcia.com/qbcompare