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