Josh and Kaleb are partners in their consulting business. They have selected a t
ID: 2602172 • Letter: J
Question
Josh and Kaleb are partners in their consulting business. They have selected a third party app that works with QuickBooks Online so that you can help manage their bookkeeping outside of their operational management system. Kaleb is the only person who needs to be able to enter transactions, but Josh needs to be able to run reports and enter billable time - as he is always meeting with investors and customers. Kaleb is concerned that if Josh has access to QuickBooks Online, he will accidentally mess something up. Which subscription level of QuickBooks Online would be the best fit for their needs?
Explanation / Answer
Quick Books Online, the book-keeping manager app, is available at three different subscription levels : 1) Simple Start 2) Essentials 3) Plus. The each subsequent subscription level costs more and have more functions.
As both the partners Josh and Kaleb are using the app of their own, so the second level subscription, Essentials version, would be the best fit for their needs, which contains :
The Essentials version permits three plus two users. In addition. The Essentials version of QBO includes all the features of the Simple Start ie. creating an unlimited number of customers, estimates, and invoices, can track expenses and have print checks, but also contains features which simple start version does not have like tracking of the bills due in the future and summary and details of Accounts Payable functions.and various other detailed functions: like a) addition of Accounts Payable functions b) ability to automate invoicing on a schedule and c) ability to create and post recurring transactions.
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