Are you tired of handling the complicated accounting application? And are you looking for an easy accounting application to manage your day-to-day business financial activities? If Yes, then QuickBooks Online Essentials is one the best software in the market that is used by millions of people. If you wish to use the application and are not sure about it, then this blog provides you with a full glimpse of the application, including its key features, benefits, and disadvantages. So, read the complete blog and learn more about the application.
Table of Contents
What is QuickBooks Online Essential?
Developed by Intuit, QuickBooks Essential is an accounting application that is used to track and organize your business finances, such as mileage, expenses, and more. The ultimate application allows you to create custom invoices, process payrolls, pay bills, and much more. Apart from it, the application can be easily integrated with more than 400 apps. The service-based application comes with large managerial and general features that help your business in staying at the top of the competition.
Who can use QuickBooks Essentials?
There is no doubt that Intuit develops applications for all. Anyone can use the Intuit QuickBooks Essentials application. You do not need highly trained intense training; even a little basic accounting knowledge will do wonders. However, the application is great for:
- Small and medium businesses perform only basic accounting tasks, such as uploading financial details.
- The businesses do not need to track their inventories.
- The ones who need the automatic copy of their accounting task.
- The ones who outsource their accounting task.
Ultimate Features of QuickBooks Online Essential
Just like the other QuickBooks editions, QuickBooks Essentials comes up with the most amazing features. These tools help your business to stay at the top. Below, our experts have explained the various features in simple language. Let us have a quick look at the sophisticated features.
Manage Bills
With the manage bills feature, you can easily track the status of your bills. Apart from it, you can also generate recurring bills easily without any problem. You can also process payments to multiple vendors at the same time.
Send Estimates
This feature allows you to easily create estimates. You can easily convert your estimates to invoices. Apart from it, you can also customize the estimates as per your needs.
Track Sales and Sales Tax
It allows you to accept credit card payments from anywhere. Also, you can easily calculate your taxes automatically.
Invoice and Accept Payments
This feature allows you to automatically customize your invoices as per your brands. Moreover, you can also accept payments from anywhere with credit and bank transfers.
Track Time
With this feature, you can easily allow your employees to track their time. By enabling this feature, your employees can easily access their own time.
Detailed Reports
This feature helps you in creating detailed reports as per your needs and requirements. You will get a complete overview of the accounts receivables, payables, transactions, and more. It will help you in making a better and a wise decision for your business.
Track Miles
With this unique feature, you can enable your smartphone’s GPS so that you can track the miles you drive. This will help you in sorting the business trips.
Capture and Organize Receipts
There is no need to manually match the photos of income and expenses. All you need is to capture a photo of your receipts, and the application will automatically match them to their expenses.
How to Set Up QuickBooks Online Essential?
Using the application is extremely easy. Unlike the other versions of QuickBooks, you need not download and install the application on your system. The application comes up with an easy setup guide, tools guides, and more. For the QuickBooks Essentials login, you need to log into your QuickBooks online account. You can easily access the account from anywhere and anytime. All you need is a stable internet connection and a device to access the application.
What are the Pros and Cons of QuickBooks essentials online?
Just like other accounting applications, this software has too its advantages and disadvantages. Let us have a look at both the pros and cons of the application.
Pros of the Application
Easy to Use
The software has an extremely user-friendly interface that is easy to use. Guidance is provided to the user to use the tools without any help.
Excellent Customer Services
You will get excellent customer support in this plan. The official team is available 24 * 7 to provide you the clarity over your queries.
More Reports
A lot of report templates are available in the report menu option. You will get the 40 sales, accountant, and tax reports.
Mobile Apps
The software is available as a mobile app both for the iPhone and the Android user.
Cons of the Application
- The plan supports only three users.
- The payroll services are not supported by the plan.
- There is no complete automated workflow.
How much is QuickBooks online Essentials?
Getting started with the QuickBooks online essential is very simple. All you need is to select the plan as per your budget. Usually, the QuickBooks essentials price ranges from $ 25 to $ 55 per month. The price varies as QuickBooks offers a wide range of discounts. Also, you can avail of the 30-day free trial version. Moreover, the plan supports up to three simultaneous users. If you wish to have more than three users, then you need to simply upgrade the plan.
How Can I Upgrade from QuickBooks Online Essential to Plus?
QuickBooks Online has two versions, namely QuickBooks online essential and QuickBooks online plus. You can pick any of the versions based on your requirements and needs. Since the online essential is the most basic version, you can easily upgrade to the higher version at any time. Upgrading from the basic to the advanced one is extremely easy. Below, we have mentioned all the necessary steps that are required for the upgrade process.
- Sign in to your QuickBooks accounts by using your admin credentials.
- After that, tap on the settings option and then choose the accounts and settings.
- Moving ahead in the process, you need to pick the billing and subscription tab.
- Before proceeding further, please ensure that your payment information is accurate and up to date.
- Now, select the upgrade your plan option.
- Select the plan and then follow the on-screen instructions to complete the process.
As you have upgraded your plan from the essential to the plus, you will enjoy the additional features in addition to the essential. The additional features available in the plus are:
- Easily track inventories and receives automatic stock updates.
- You can set up the rules to automate the transactions.
- You can easily create custom reports from your data.
- You can easily track expenses and income in multiple classes.
Final Wordings
With this, we summarise this blog; QuickBooks Online Essentials is an excellent accounting application that must be used by small and medium-scale businesses. It has all the necessary features and tools that are required to manage financial business operations. QuickBooks online essentials login is extremely easy. We have described all the essential processes. However, if you are stuck somewhere, you can call us at our official phone number or send an email regarding your query on our official email id. Our experts will definitely help you with their most innovative solutions.
Frequently Asked Questions
1 – What is the difference between QuickBooks online essential and QuickBooks Plus?
A – The most basic difference between both applications is the number of users. The essential allows up to 3 users, while the plus allows five users. Moreover, QuickBooks online essentials vs. plus also differ in features and tools. The plus has all the features of essential along with inventory tracking.
2 – Can I get the QuickBooks for free?
A – There are various subscriptions available to QuickBooks. You can pick any of the plans that are best suited to you. The 30 days free trial is available; however, after the expiry of the trial plan, you need to buy the subscription.
3 – Can I get technical support for QuickBooks?
A – Yes, our experts are highly expert and are trained in handling the various issues of QuickBooks. You can seek their assistance either over a phone number or over their official email id.
4 – What are the classes in QuickBooks online?
A- QuickBooks classes is an online tool that is used to track the different data types. You can easily separate the information based on the job, customer, and product. The main concept behind using the classes in QuickBooks is to track income and expenses in a much easier way.
5 – Which QuickBooks version is right for my business – QuickBooks desktop or QuickBooks online?
A – You can pick any of the versions based on your business requirements. The online version needs a constant and reliable internet version, whereas the desktop version does not need a stable internet connection at all times. Moreover, pick QuickBooks online if there are multiple users working from different locations.
