Which QuickBooks Online Version Should You Choose?

Which QuickBooks Online Version Should You Choose?

QuickBooks Online comes in several versions, and choosing the right one depends on the needs of your business. Here’s a quick breakdown to help you decide:

🟢 EasyStart
Best for solopreneurs and very small businesses who:

  • Only need to track income and expenses

  • Don’t require bill tracking or recurring transactions

  • Don’t need to enter purchase orders or manage inventory

⚠️ Limitations: No ability to enter bills, use recurring transactions, or access some key reports. If you can live without those, it’s a solid starting point.

🟡 Essentials
Ideal for growing businesses that need:

  • Bill tracking (Accounts Payable)

  • Multiple users (up to 3)

  • Time tracking

  • Recurring transactions and reminders ⏱️

This version unlocks many of the features I refer to throughout this guide and is recommended for business owners who have slightly advanced needs.

🔵 Plus
Best for businesses that need:

  • Inventory tracking

  • Project tracking

  • Purchase orders

  • Up to 5 users

  • More detailed reporting

If your business is product-based or you need to track profitability by job/project, this version is worth it.

🔴 Advanced
Geared toward larger or more complex businesses. Most small business owners and solopreneurs won’t need this version—but it’s there if you grow into it.

📌 My Recommendation
If you’re just starting out, Essentials is the version I usually recommend. It strikes a good balance between functionality and cost—and includes the features you’re most likely to need as your business grows.

QuickBooks Online Made Simple (Masterclass)

Buy nowLearn more
  • Welcome to the QuickBooks Online Made Simple Masterclass
  • About Me.mp4
  • Which QuickBooks Online Version Should You Choose?
  • Setting up QBO: Account Settings and Structure including Chart of Accounts
  • Setting up QBO: Products, Services, Attachments, Custom Fields
  • Navigating QuickBooks Online: What Each Section Means
  • How to Create and Manage Invoices (+ Recurring Transactions)
  • Navigating the Bank Feed and Setting up (Time Saving) Rules
  • Setting Up and Filing Sales Taxes
  • Essential Reports that Every User Needs to Know
  • Post Webinar Q&A

Resources

  • QBO sign up link (save 80% for 8 months)
  • Quick Reference Guide.pdf
  • Post Webinar Q&A.pdf
  • CheatSheet Time Saving Tips.pdf
  • Additonal Resources