QuickBooks Online Plus

QuickBooks Online Plus 2024 is one the second most advanced version of the software. You can pick QBO Plus when Essentials or other basic versions of QuickBooks Online fail to meet your business accounting requirements. Are you willing to move to QuickBooks Online Plus but not sure if it is the right accounting tool for your business? Here is an insightful post that can help you learn more about it, such as plans, pricing, features, and other important aspects. Let’s advance ahead to explore.

What Is QuickBooks Online Plus? A Brief Description

QuickBooks Online Plus is one of the five versions of QuickBooks Online. It is also the second most powerful version you can upgrade from QuickBooks Online Essentials. Besides this, it has all the features of the previous versions, including some additional ones. If you want to access a robust inventory management feature in QuickBooks Online, upgrading to Plus is certainly worth a shot. You can add up to five users and work with enhanced efficiency. Subscribing to QuickBooks Online Plus lets businesses reap its multi-faceted benefits.

QuickBooks Online Plus Pricing and Discount

QuickBooks Online Plus monthly subscription cost is $90/month. However, you can avail a 50% discount on the subscription cost for the first three months. To get the discount, you need to subscribe for three months at once, and thus, the promotional offer will be effective. If you want to get this promotional discount, refrain from using QuickBooks Online Plus in its trial version. If you run the free version of QuickBooks in the trial period, you won’t be able to get the discount. After the discount, QuickBooks Online Plus will cost you $45/month for the first three months.

QuickBooks Online Plus Free Trial

Intuit offers a free trial version of QuickBooks for users so that they can examine if the products fit their accounting needs or not. You can use Plus with Online Plus for free in its 30-day trial period. However, you need to keep in mind that after using the QuickBooks free trial version, you won’t be able to get a discount on the product.

If you are running QuickBooks in the free trial version, you are free to cancel your subscription anytime. You are not restricted to continuing the trial period. Additionally, the trial period can be accessed without needing you to provide your billing or credit card information.

Who Should Use QuickBooks Online Plus?

QuickBooks Online Plus is best suited for businesses that sell both services and products. Its powerful inventory management feature helps you track the inventory items in your hand and purchase orders so that you never run out of supply.

Moreover, you can get insights into your business and get to know your hot-selling products or the products that are not selling at all. Making adjustments in your inventory can maximize your profits.

If you need to add up to five users in QuickBooks Online, this is the right solution for you. Furthermore, if you want to keep an eye on your cash flow, it lets you track account payables and receivables and access reports, such as profit and loss. If you are someone who wants to manage projects efficiently and track profitability by projects, Plus is definitely helpful.

Features You Can Access With QuickBooks Online Plus

QuickBooks Online offers all the features that are included in the basic versions and some additional features for the users to meet their newly emerging needs. These features are:

Class Tracking

This feature allows you to tag each line of transactions with a class. Thus, you can track a wide range of reports based on the Class.

Location Tracking

In location tracking, you can track your transactions based on location. It is different from the class tracking as it is applied on the entire transaction rather than a line of it. You can add the location in the Territory section.

Inventory Management

If you offer both products and services, an inventory management feature will be helpful. It enables you to set up and categorize the items you want to sell and have real-time tracking of the items in hand as you sell them.

Purchase Orders

You can access this feature from Expenses >> Account and Settings section. Using this feature, you can issue purchase orders to your suppliers.

Make Expenses and Items Billable

Using this feature, you can tag your expenses and billable items. It helps you recover all the expenses from the customers who purchase your products/services.

Budgeting Feature

The Budgeting feature in QuickBooks is simple and basic, and you can create budgets manually using the program. You can create budgets and track your results against them in the future.

Project Profitability Tracking

Enabling Projects feature in QuickBooks lets you manage the costs of the project and track the profitability of the projects you are working on. You can enter the name of the project and other related information to start tracking.

Benefits and Limitations of QuickBooks Online

QuickBooks is one of the most used accounting applications, which shows how much users admire the tool. It doesn’t mean that it is a perfect tool. Limitations do exist! However, users have accepted the tools with their limitations and run them to manage their accounting processes. If you are new to QuickBooks, learning about its merits and limitations can help you move ahead with a clean mind.

Pros Of QuickBooks Online Plus

QuickBooks Plus Online gives many good reasons to the users so that they can make it their first choice as an accounting application. In addition to the features offered by the prior versions, the tool also includes some excellent features that can strengthen your accounting system. Some of the most accredited benefits of QuickBooks Online Plus are:

1: Know How Your Business Is Doing

The advanced reporting feature in QuickBooks Online Plus provides an intelligible insight into your business so that you remain aware of where you are heading. The reports, such as profit-loss, sales and purchase by class, and location details, can make it easier for you to understand the stories behind the numbers. By implementing this knowledge from advanced reporting features, you can make well-informed decisions and boost your profitability.

2: Gain Better Control Over Your Business

The Intuitive user interface of QuickBooks Online Plus lets you view all crucial parts of your business in one place. Thus, you can keep an eye on everything and make sure that nothing is missing out. You can enjoy simplified tracking of labor costs, payroll, expenses with job costing, and several others. Furthermore, you can access your project profitability on an easily navigable interface.

3: Taxes Made Easier With Plus

With QuickBooks Online Plus, you can import all your transactions from your banks, credit cards, etc. Besides this, you can take a snap of your receipts, and the tool will assign a relevant expense category to the linked transaction. When your finances are well-organized, you can avoid the hassles in your tax season.

4: Simplified Accessibility and Seamless Sharing

QuickBooks Online Plus is remotely accessible, and you don’t need to install the software on your device. All you need is a stable Internet connection to access your financial data on your preferred devices. In addition to this, you can share your data with others with absolute ease and collaborate with the team seamlessly. Users can work with the most accurate and up-to-date information, thereby eliminating the scope of discrepancies

5: Save Costing With Robust Inventory Features

With an effective inventory system, you can prevent overstocking and save costs. At the same time, it also ensures that you don’t run out of the items in hand when the demand for the product is high. Having real-time tracking of your inventory can help you build strategies to fulfill customers’ demands without overstocking. Also, you can anticipate future needs and manage your inventory accordingly.

Experience Flexible Accounting Management With QuickBooks Online: +1-833-210-4702

Limitations of QuickBooks Online Plus

QuickBooks Online Plus is a highly favorable accounting application. However, it also has some limitations you should know before you subscribe to the product. Some of these limitations are:

1: Limited Capabilities

When it comes to the program capability, there are certain limitations in Plus. These limitations are:

  • You can have only 5 billable users and 2 accountant firm users. If you want to add more, you have to move to the QuickBooks Online Advanced.
  • The tracking based on the classes and locations combined is limited to 40.
  • You can add a maximum of 250 accounts in your Chart of Accounts.
  • Besides this, the limitation for the maximum tag groups is 40.

2: Limited Customization Options

The customization options in QuickBooks Online Plus are also limited. For instance, if you are willing to customize your reports, statements, appearance, and/or invoices, you can have a few limited options only.

3: Lesser Control Over Your File

In QuickBooks Online Plus, you won’t have total control over your company file, unlike in the Desktop version of QuickBooks. In Plus, you need to create files and send them to your team and/or accountants, which somehow alleviates the control of your business information.

QuickBooks Online Plus Customer Support

QuickBooks Online Plus customer support service helps users with their queries, complaints or error codes when using the program. If you are willing to speak with someone from QuickBooks Online, you have different support channels to reach out to. Some of the most convenient support options are a phone number, chat, and email.

Helpline Number

Dialing the helpline number connects you with a live support representative you can speak with and get assistance with your technical issues. However, the support hours for the helpline number are limited, and you need to make sure that you are calling within the available hours.

Live Chat

Another popular option is chat support, which allows you to initiate a conversation with a live chat agent. You can access the chat option on the official QuickBooks Online website. In the chat dialogue box, you will have to answer a few initial questions.

Via Email

You can also contact the QuickBooks customer support team via email. You can send an email to the QuickBooks support team describing your issues in the content body, and the team will respond to you within a few hours after sending the email.

Connect with an Expert & get Answers to your Quickbooks. Dial +1-833-210-4702
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