Also be mindful while choosing your plan, as each plan comes with a set of features available exclusively for the chosen plan. In the online version, you can choose the required features while setting up your account. Nevertheless, there are a couple of differences in the form of the features provided. There is no doubt that both QuickBooks Online and QuickBooks Desktop offer a comprehensive set of features enabling the user with easy and safe accounting. In cases like these, QuickBooks Desktop comes into play.įeatures | QuickBooks Online Vs QuickBooks Desktop
And if your business is niche-specific like non-profit organizations, retailers, and manufacturers, you need to look for industry-specific accounting software. Meanwhile, QuickBooks Desktop is exclusively designed for small to medium-sized businesses that strive for the reliability and trustworthiness of a desktop application. Small businesses trust QuickBooks Online for its easy user interface, freedom to access the accounting application from any corner of the world on any type of device. Over the years the online version has evolved and ventured into several new-age formats. QuickBooks Online was primarily designed for small businesses looking for easily accessed online.
In this article, we will list out all the differences, price, feature comparisons and more, so that you can easily figure out the best suited QuickBooks accounting software for your business.īefore diving into the differences between QuickBooks Online versus Desktop in detail, let us understand the basic functionality of each of these QuickBooks versions. Not many are aware of the differences between QuickBooks Online vs QuickBooks Desktop,the two versions of this accounting software. QuickBooks Online and QuickBooks Desktop are one example. But when the same company provides two similar-looking versions, it’s normal to get confused as to which will suit your business process the best. A credit card type account could be created to account for the transactions as discussed in the section on Credit Cards and the name of the account could be Due to Owner-Short Term or similar description.QuickBooks is by far the best and most popular company providing excellent accounting software to businesses of all sizes.
Clients should consult their tax professional if they are unsure of the proper account.
The account to be credited can be a Loan from Shareholder account if loan documents have been drafted or Owners Contribution, an equity account, if the expenses are considered capital contributions.
While the expenses paid will be debited, the account to be credited can vary depending on the legal structure of the business.