Categories
QuickBooks Online QBO

Compare Features and Usage Limits of QuickBooks Online Plans – Advanced, Plus, Essentials, and Simple Start

The following table will show features and usage limits available in various QuickBooks Online plans:

Compare Features and Usage Limits of QuickBooks Online plans - Advanced, Plus, Essentials, Simple Start

 AdvancedPlusEssentialsSimple Start
Features
Price RulesYesYesNoNo
InventoryYesYesNoNo
Progress InvoicingYesYesYesYes
Track expenses and items by customerYesYesNoNo
Makes expenses and items billableYesYesNoNo
Purchase OrdersYesYesNoNo
Track classesYesYesNoNo
Track locationsYesYesNoNo
ProjectsYesYesNoNo
Time TrackingYesYesYesNo
Multi CurrencyYes YesYesNo
Recurring TransactionsYesYesYesNo
Custom FieldsYesNoNoNo
Manage WorkflowsYesNoNoNo
Import Data - Invoices from Excel CSV fileYesYesYesYes
BudgetingYesYesNoNo
Customer TypesYesYesNoNo
Customers - Delayed credit and Delayed chargeYesYesYesNo
Accounts Payable (Bill & Pay Bills)YesYesYesNo
Enter Batch Transactions for Invoices, Checks, Expenses, BillsYesNoNoNo
QBO Support - Priority CircleYesNoNoNo
Apps: Chronobooks, FathomYesNoNoNo
Usage limits
Billable Users25531
Chart of AccountsUnlimited250250250
Classes and locationsUnlimited40Not availableNot available

In this video, we will do a full comparison between various QuickBooks Online plans. We will do a deep dive into every aspect of Advanced, Plus, Essentials, Simple Start versions of QBO, and review all their features one by one. Hopefully, it will provide you with enough information to evaluate the right QBO plan for your business.

Categories
Class Tracking Settings

Track Classes in QuickBooks Online

Class Tracking

    • Class tracking is available in Plus plan only.
    • Adds a Class field on forms so you can use to categorize your accounting transactions to different product lines.

    classes page

     

    • First, to enable Class Category feature on: from the home page screen > company gear (upper right corner) > settings > company settings > company > categories > track classes > ON > Save

    track classes on
     

    • Assign classes to > one to entire transaction or one to each row in transaction

    one to each row in transaction

     

    • To add NEW Class > From the home page screen > company gear (upper right corner) > lists > all lists > locations > click new blue button (upper right corner) > fill out short Class form > save

    add new class
     

    • To run Class list > From the Classes page > select Run report (next to New button, not under Action column)

    class list

     

    • To run Class Quick Report > From the Classes page > select Run report under Action column > Customize if needed and run report>Optional: Save Customizations button to make this as “My Custom Reports”

    class quickreport

     

    • For Edit, Delete > select down-arrow (next to run report) under Action column

They have the following Class related as built-in business reports:

    • Class list
    • Profit and Loss by Class
    • Purchases by Class Detail
    • Sales by Class Detail
    • Sales by Class Summary

profit and loss by class

purchases by class detail

sales by class detail

sales by class summary

 

Categories
Settings

Track Locations in QuickBooks Online

Location Tracking

    • Location tracking is available in Plus plan only.
    • Adds a Location field on forms so you can assign transactions to different locations like stores, sales regions, and counties.
    • First, to enable Location Category feature on: from the home page screen > company gear (upper right corner) > settings > company settings > company > categories > track locations > ON > Save

    track locations on
     

    • Location label can be changed to the following: Location (default), Business, Department, Division, Property, Store, Territory

     

    location
     

    • To add NEW Location > From the home page screen > company gear (upper right corner) > lists > all lists > locations > click new blue button (upper right corner) > fill out Location Information short form > save

    add new location
     

    • To run Location list > From the Location page > select Run report (next to New button, not under Action column)
    • To run Location Quick Report > From the Location page > select Run report under Action column > Customize if needed and run report>Optional: Save Customizations button to make this as “My Custom Reports”

    location quickreport

 

  • For Edit, Delete > select down-arrow (next to run report) under Action column

They have the following Location related as built-in business reports:

    • Location list
    • Profit and Loss by Location
    • Purchases by Location Detail
    • Sales by Location Detail
    • Sales by Location Summary

 
location list report

profit and loss by location

purchases by location detail

sales by location detail

sales by location summary

 

Categories
Settings

Location Tracking

Now You Can!

#1 Create line item Journal Entry by LOCATION
#2 Balance Sheet and Profit & Loss by LOCATION Report
#3 Bank Deposit (Deposited to Undeposited Funds) by LOCATION

location journal entry

location bs

location pnl

location deposit