How to choose Among Quickbooks Online or Desktop for your business

Note : You can contact technical support at 1-844-594-6063 – 24/7 Available.

Intuit has hugely launched and marketed its online version but all accounting professionals are not familiar with this version as many of users are using QuickBooks Desktop for a very long time but whether you belive or not but the online version is a big hit just after its release so I am providing you the comparison of features between the two products.

Why are they different

So here is a list of what these two products have common and different. 

 Common Features

Here is a complete list of common features in QuickBooks Desktop and QuickBooks Online

• Accepting credit card payments from customers
• Auditing the trail to track changes to transactions and lists
• Bank reconciliation
• Company Snapshot
• Custom field option available
• Express setting up the company file
• Multi user access is allowed
• Multiple windows at one time
• Online banking
• Payroll can be done
• Printing of Bills
• Recurring Billing / Memorized Transactions
• Zooming the details from reports
• Document managing
• Budget option is available
• Class Tracking (not available in QB Online Essentials)
• Create Estimates (not available in QB Online Essentials)
• Prepare and print 1096, 1099 (not available in QB Online Essentials)
• Job costing option
• Purchase Orders
• Invoicing
• Time tracking and billing by customer
• Reversing journal entries
• Memorized reports

Features in QuickBooks Desktop not available in QuickBooks Online

Here is a complete list of the features available in desktop version but not available in the quickbooks online version as of now.

• Cost inventory valuation
• Balance Sheet separated by Class
• Batch Invoicing available
• Batch Time-sheet Entry
• Billable Time and Expense preferences option
• Billing rate level available
• Business Planner
• Forecasting
• Calendar
• Change orders on Estimates
• Collections center
• Condense data file – but it isn’t clear to me if you actually would need this in QuickBooks Online?
• Available Quantity in Inventory
• Customer Snapshot
• Convert estimate to a purchase order or sales order
• Advanced Excel export that can update existing exported reports
• Industry specific reporting (lots and lots of industry specific reports here)
• Inventory assembly items, Bills of Material, the ability to build assemblies
• Inventory Center
• Lead Center
• Fixed Asset Manager
• Mileage tracking
• Multiple currencies
• Multiple ship to addresses for Vendors
• One click transactions (pay bill from bill, create credit memo from invoice, etc.)
• Price Levels
• Progress Invoicing/billing
• Receive partially against a purchase order
• Report Favorites
• Report – collapse rows
• Share report templates with Intuit community
• Inventory – reorder/rebuild points
• Shipping Manager
• Sales Orders
• Sales Order Fulfillment Worksheet
• Transaction History Panel
• Units of Measure

Features available in QuickBooks Online but not in QuickBooks Desktop

QuickBooks Online features that are not available in QuickBooks Desktop

• Remote access – you can do this with QuickBooks Desktop but you have to pay for the service but its free in online version
• Auto Send Reports
• Automatic upgrades
• Company Scorecard available
• Delayed charges/billing – enter charges to be billed later
• Income list/transaction center
• Invoice automation – automatically create invoice from unbilled activity
• More than one A/R or A/P account per journal entry

More Differences are still there

I have given you the complete list of differences which as per the software available today – please feel free to point out others but i don’t think any more would be there.

In case if there is any query just call our experts at 1-844-594-6063, 24/7 support