Finally, after years of insufficient accounting offerings for the Mac, Intuit has developed QuickBooks for Mac to meet all your pressing business needs. Video Overview The system is your complete solution for tracking and managing your expenses, invoices, and checks. Oct 17, 2019 When you hear “small-business accounting software,” you probably think of QuickBooks. Since Intuit launched its flagship product over 25 years ago, the financial management platform has dominated the accounting software marketplace, resulting in an impressive 11 consecutive years of stock gains. Currently, QuickBooks software holds more than 80% of the small-business market share.
When you hear “small-business accounting software,” you probably think of QuickBooks. Since Intuit launched its flagship product over 25 years ago, the financial management platform has dominated the accounting software marketplace, resulting in an impressive 11 consecutive years of stock gains
Currently, QuickBooks software holds more than 80% of the small-business market share. If you’re researching small-business accounting solutions, QuickBooks is on your list.
But which version is right for you? On-premise or cloud? With payroll or without?
QuickBooks has a product for nearly all of your accounting needs, but sorting through the options can feel like an insurmountable task.
To simplify your search, we’ve created this QuickBooks comparison report, which outlines the different versions and who/what type of business they’re best suited for.
Are you a solo entrepreneur seeking cloud-based accounting?Jump to: QuickBooks Self-Employed
Are you a small business seeking cloud-based accounting?
Jump to: QuickBooks Online
Are you a small or midsize business seeking desktop accounting?
Jump to: QuickBooks Desktop
Looking to enhance whichever version of QuickBooks you already use?
Jump to: QuickBooks Apps QuickBooks Self-Employed
The newest edition of the QuickBooks product line is a cloud-based financial management service designed for self-employed and/or freelance individuals.
Reports in QuickBooks Self-Employed (Source)
Pricing: Available through a monthly subscription that includes the cost for phone support, data backups, and system maintenance.
The solution comes in three packages:
QuickBooks Online
In 2014, Intuit reported a major turning point for QuickBooks products. For the first time, more new customers chose QuickBooks Online over desktop versions.
Since then, QuickBooks Online has grown to over 1 million subscribers, signaling that small businesses are growing more confident hosting their accounting solutions in the cloud.
Interior design apps for laptop. Dashboard in QuickBooks Online (Source)
Pricing: Available through a monthly subscription that includes the cost for support, automatic data backups, and upgrades.
QuickBooks’ cloud-based solution is designed for small-business users and comes in four packages: Simple Start, Essentials, Plus, and Advanced.
QuickBooks Online: Common capabilities
Accounts payable and accounts receivable: Monitor and manage income and expenses.
Billing and invoicing: Send unlimited estimates and invoices. Essentials and Plus also offer recurring invoices.
Expense management: Track and process work-related expenses such as travel and supplies.
Financial reporting: Simple Start has over 20 prebuilt reports, Essentials has over 40, and Plus has over 60 (includes sales and tax reports).
QuickBooks Desktop products
It’s important to note: while QuickBooks Online will be the best choice for many small businesses due to ease of use and access, the online version is not identical to the vendor’s desktop products.
They offer similar capabilities, but the breadth and depth of the features differ. For example, with QuickBooks Online, users can automatically schedule and send invoices, a feature absent from the desktop version. QuickBooks Desktop, meanwhile, allows for the calculation of job costs and individual customer discounts.
There are several QuickBooks products under the Desktop umbrella (in this article, we’re discussing the 2019 versions of each. They include:
If you do have a problem with Legacy on a Mac and this problem is caused by the Windows emulator or the Mac we here at Legacy support may not be able to help as we do not support Mac.Legacy will work with, but it only has a bronze rating which meansthere are some issues, for example the maps will not display. Genealogy software legacy for mac. There are a few known problems with Legacy on a Mac including an unrecognized media path message each time Legacy is started, but if you click the error, it opens Legacy just fine.
The desktop products have a similar base feature set, with functionalities becoming more advanced as the packages scale.
QuickBooks Desktop: Common capabilities
Core accounting: Accounts receivable, accounts payable, general ledger, and bank reconciliation.
Payroll (limited): Track employee hours and print checks and deposit slips. Enhanced payroll is available for an additional fee (calculates payroll taxes and files tax forms).
Billing and invoicing: Automates invoice creation and sharing, as well as payment collection.
Inventory management: Tracks orders, sales, and deliveries to maintain product supply levels.
Financial reporting: Tracks and visualizes trends, evaluates KPIs, and reports profitability on profit and loss (P&L) statements, balance sheets, etc.
QuickBooks Desktop for Mac
Businesses should note that QuickBooks’ Mac desktop product is not scalable, whereas the Windows versions of Pro, Premier, and Enterprise are.
Sales transactions in QuickBooks Desktop for Mac (Source)
Pricing: User licenses are sold outright for a one-time fee. This package supports up to three concurrent users, but requires a unique user license for each. Phone support is available 24/7 for an additional fee, sold in recurring 90-day support plans.
In addition to the common desktop capabilities listed above, QuickBooks Desktop for Mac includes:
QuickBooks Desktop Pro
QuickBooks Desktop Pro is designed for small businesses that are just getting started. It’s simple enough for business owners who lack advanced accounting knowledge, and makes it easy for them to share files and data with their accountant.
Estimate in QuickBooks Desktop Pro (Source)
Pricing: Businesses with an existing IT infrastructure can purchase Pro for a one-time payment. Phone support, data backups, and product upgrades are available for an additional fee.
Pro can also be purchased as a “Plus” package. With an active annual subscription, businesses receive new features and upgrades as they become available. This package also includes 24/7 phone support and data backups.
Businesses without an existing IT infrastructure—or those who wish to reduce their overall IT costs—can purchase Pro and opt to use a cloud hosting service (for an additional fee). This allows remote access through a virtual desktop, which provides greater connectivity (anytime, anywhere access on any device).
Quickbooks On Mac Computer
Pro allows up to three users to work within QuickBooks at the same time (however, this requires separate user licenses). The Pro package offers the common capabilities listed in the table above, as well as the following:
QuickBooks Premier
QuickBooks Desktop Premier targets small-business users that have industry-specific needs. It is especially beneficial for industries such as non-profit, retail, professional services, contractors, and manufacturing.
Quickbooks For Mac Pc
Homepage in QuickBooks Desktop Premier (Source)
Pricing: Premier can be purchased outright for a one-time payment. Support, upgrades, and data backups are available for an additional fee.
Businesses can also opt to purchase Premier as a “Plus” package through an annual subscription. The annual subscription includes the cost for phone support and automated data backups.
Customers can also choose to purchase Premier and pay an additional fee for cloud hosting. This allows businesses to access Premier remotely through a virtual desktop.
Premier supports more concurrent users than Pro or Mac; Up to five users can work in QuickBooks Premier at the same time (this also requires separate user licenses).
Premier has all the features of Pro, as well as:
QuickBooks Desktop Enterprise
QuickBooks Desktop Enterprise is Intuit’s most comprehensive business and financial management solution, because it includes several applications, such as QuickBooks Payroll (see QuickBooks Apps below). Enterprise is designed for both small and midsize businesses, supporting up to 30 user licenses.
Sales order management in QuickBooks Desktop Enterprise (Source)
Pricing: Enterprise is available as an annual subscription. Users can opt to pay their annual subscription in equal payments over 12 months. The annual subscription includes the cost for support, upgrades, and data backups.
Businesses can also pay an additional fee for the cloud hosting service. This allows access to Enterprise through a virtual desktop, which provides remote access and greater connectivity (users can connect to Enterprise anytime, anywhere, and on any device).
Enterprise is sold in three packages: Silver, Gold, and Platinum. Each Enterprise package includes the same capabilities as the Pro and Premier packages plus several others, including:
Features unique to the QuickBooks Enterprise packages:
QuickBooks Apps
Intuit has several branded applications designed to enhance the functionality of the above-mentioned platforms. Businesses can purchase these add-ons for an additional fee:
QuickBooks Payments: Available via mobile or as an extension to QuickBooks for desktop, this app allows businesses to email invoices and accept payments online via credit card or ACH transfers.
QuickBooks Point of Sale: A cloud-based point-of-sale (POS) system that allows businesses to ring up sales, accept credit cards, and keep track of inventory through a POS dashboard.
QuickBooks Payroll: Allows businesses to pay up to 50 employees by check or direct deposit. Available as a self-service or full-service solution, with the latter offering the ability to file year-end W-2 tax forms and automatically calculate federal, state, and local taxes.
Next steps: Finding the right solution for your business
QuickBooks has established itself as a major player in the small to midsize business accounting market. Whether you’re just starting out or you’re expanding and have more advanced accounting needs, QuickBooks has a solution designed to fit your business.
If you’re looking for more information about QuickBooks products or other leading accounting solutions, here’s what you can do next:
QuickBooks for Mac is your complete financial management system. Finally, after years of insufficient accounting offerings for the Mac, Intuit has developed QuickBooks for Mac to meet all your pressing business needs.
Video Overview
The system is your complete solution for tracking and managing your expenses, invoices, and checks. QuickBooks for Mac will provide you with all information you need to properly manage your business. The system features an all new Customer, Vendor and Transaction centers meant to consolidate all crucial information into one screen. QuickBooks for Mac takes advantage of MobileMe technology allowing you to backup all your files to MobileMe. The system will integrate directly with your Mac OS X Address book so you will never lose a phone number, or contact information of any contact. You are also able to setup reminders in iCal so you can be reminded to print invoices or pay bills.
QuickBooks for Mac has been developed with the knowledge that most business users of Mac’s will need to communicate heavily with Windows users. As such, the system is capable of sending QuickBooks files to Windows users. Most effective dark mode app for mac. These files can be read by any version of QuickBooks, allowing you to communicate your financial data with whomever you choose.
Accounts Payable
QuickBooks helps you keep track of expenses, so you can easily see the money you’re spending in each category. Plus, QuickBooks helps you fill out your sales tax form in minutes and make sure your sales tax balance is accurate and up-to-date.
The system will also allow you to easily create and print checks. By using a batch processing method you can print all of your checks at once, and have them tracked for ultimate control of your money.
QuickBooks will help ensure that all of your financial obligations are met on time. To ensure that you don’t incur costly late fees, QuickBooks has a reminder feature that will allow you to record bills as they come and set a reminder to pay them before they are due.
Accounts Receivable
QuickBooks for Mac will create a central storage point for all your data, containing all customer contact and transactional data. This allows you to easily track and follow up on past-due accounts and answer all customer requests more efficiently.
Quickbooks Software For Mac
QuickBooks for Mac allows you to easily create invoices and track receivables. Using the data that has already been entered in QuickBooks (i.e. customer contact info & products/services) to create invoices in a snap. Invoices can be created from over 100 pre-designed templates; you can even customize invoices to show your company logo and tag line.
General Ledger
The general ledger will allow you to stay on top of your business. It will provide you with a consolidated view of who owes you money, who you owe money to, important reminders, and income/expense performance.
QuickBooks for Mac uses the transactional history established in the general ledger to provide you with over 100+ pre-designed reports. Each report is adjustable, allowing you to gain useful insight into your business. Within each report you can click on any number to see the details behind it. Any report in the system can be exported to Microsoft Excel.
InventoryQuickbooks For Mac Reviews
QuickBooks for Mac gives you the ability to easily track your inventory. This will allow you to avoid overbuying and backorders. The system will allow you to setup reorder points that will automatically alert you as to when you should reorder a product.
Payroll
The payroll application will allow you to easily manage your staff. The system will allow you to quickly process payroll with appropriate tax deductions. The software is capable of paying employees by direct deposit as well. You can have the system automatically populate and print 1099s for independent contractors. QuickBooks for Mac contains every tool you need to pay your employees, without switching to a Windows environment.
![]() Purchase Orders
QuickBooks for Mac will quickly create purchase orders for your purchases. The only user intervention required is to simply select the appropriate vendor from a list of vendors and select an inventory item to order. Upon receiving the inventory, QuickBooks recognizes the products and matches it to the appropriate PO. Meaning when you enter inventory items, the correct corresponding PO is automatically reconciled.
Time Tracking
The QuickBooks for Mac Time Tracking functionality allows you to properly track your employees’ time to avoid under-billing your customers. The system will alert you when creating an invoice if there are any outstanding time or expenses for that customer. Easily bring over both item descriptions and notes to invoices, so customers can clearly see what you are billing them for.
Quickbooks Desktop For Mac 2020 Accounting Software For Small Business
The system allows you to track time by employee, service, and customer. This is done by using timesheets. If you are creating an invoice, QuickBooks automatically alerts you to any unbilled time and expenses.
Comments are closed.
|
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |