If you want to use QuickBooks for more than one person, you’ll need to know how to purchase additional QuickBooks licenses. The process can be done online or by phone. If you use the phone option, you will need to provide an Intuit representative with your phone number and choose the number of additional licenses that you need.
Single-user licenses
Single-user licenses for QuickBooks allow you to run your business on a single PC. However, there are many differences between single-user and enterprise plans. Single-user licenses provide limited access to features and functionality while enterprise plans provide unlimited cloud access. Moreover, single-user licenses end after three years.
You can share the same database on two computers by purchasing a multi-user license. However, you must switch to multi-user mode to use the second computer. The multi-user mode allows you to work on the same file with multiple users. Moreover, a multi-user license provides more flexibility and is compatible with other software.
Multiuser mode is a better choice if you need multiple users for your company. This feature allows more users to access the same company file. For instance, a single-user license for QuickBooks Pro for Mac allows one user to access the file while multiple-user licenses allow several users to work simultaneously. Let’s imagine that Charlie, a web designer, is the primary user of his company file. His bookkeeper visits once a month, and his mother helps with the customer information. Charlie creates three user accounts for his company file.
One-user licenses are cheaper than multi-user licenses. However, they do come with some limitations. Unlike multi-user licenses, single-user licenses only allow one person to work on a single file. For example, if Charles and his mother are both using QuickBooks on a single computer, they will both need to log out of the file before they can work on it.
When buying a QuickBooks desktop user license, consider how many users will be using the program. For example, if you are running a small business, you may need a single license for every person. In such a case, you can add more users by using the F2 key. Once you have enough users, you can purchase more licenses for the same computer and add them to your account.
Multi-user licenses are also a good option for small business owners. With multiple users, you can share your QuickBooks company file between multiple users. This is the most popular mode of QuickBooks and most users will be using it. There are many benefits of single-user mode. For instance, you can add up to 3 users with QuickBooks Pro.
One disadvantage of single-user licenses is that they won’t receive critical security updates after May 31, 2022. If you’re not satisfied with the software after that time, you can get a refund. Also, you should remember that older versions of QuickBooks will only receive support for three years. By contrast, QuickBooks Desktop Pro 2020 will have support until 2023.
Subscriptions
Whether you want the most basic version of QuickBooks or the most advanced version, you can choose from a wide range of subscription plans. These plans start at as low as $15 per month for the Self Employed plan, and go up to $200 per month for up to 25 users. However, if you’re looking for a more comprehensive plan, you can go with the QuickBooks Desktop Enterprise plan, which has more advanced features. It also includes job costing, advanced reporting, and priority customer service.
A 30-day free trial period is available, and the first three months of subscriptions are discounted. There are several different subscription plans, and different plans suit different types of businesses. For sole proprietors and freelancers, the Self-Employed plan costs $15 a month. The subscription also allows you to control the number of users.
If you are already using QuickBooks, you might want to hold off upgrading until a later date. However, you should also be aware of the fact that older versions of QuickBooks are only supported for three years after their release. For example, if you’re upgrading to the latest version of QuickBooks Desktop Pro, you can wait until 2023 to start receiving updates.
Subscriptions for the latest version of Quickbooks are available at three different price points. A basic plan is $20 per month; the highest level of subscription is $60 per month. It allows you to connect up to three bank accounts, automatically categorize transactions, and use the mobile application. More advanced plans come with additional features, such as inventory and time tracking.
Subscriptions also come with cancellation fees. If you cancel your subscription within 60 days, you will be charged a cancellation fee equal to the number of monthly payments remaining on the annual subscription. However, if you choose to cancel before the renewal date, you’ll still have access to Enterprise and connected services for the remainder of the year. If you cancel your subscription, Intuit will authorize your credit card to ensure prompt processing. However, this may cause a temporary hold on your account.
If you are looking for an affordable way to upgrade from a free version of QuickBooks, consider purchasing a subscription for as little as $40 per month. This will save you nearly $1400 over three years. You can also subscribe for a year at a time and receive discounts on other products, such as QuickBooks Online.
Priority Care is another benefit of QuickBooks subscriptions. This service is included in the Gold and Platinum subscriptions, and offers additional services to subscribers. If you are planning to use the service for business purposes, you should consider a subscription that has this benefit. The cost of this service depends on the level of support required by your business.
QuickBooks Online Accountant is an online service that allows accountants to take over billing and other duties related to client billing. It has a tab called “Your Subscriptions.” This tab displays the name of each client, their company name, and the level of subscription. QuickBooks Online Accountant also displays the product details for each client.
Platinum Edition
QuickBooks Platinum edition is an advanced accounting program that has features to meet the needs of manufacturing, supply chain, and wholesale companies. It allows you to track inventory in multiple warehouses, create pricing rules, and generate custom reports. In addition, it supports more users with up to 40 accounts. It also has Assisted Payroll features and a powerful sales integration.
The Advanced Inventory feature lets you track inventory parts by serial number, lot, and bin. It also calculates the cost of inventory using the FIFO method. In addition, it can scan bar codes and generate orders to move inventory. This feature is an excellent fit for companies that handle a high volume of orders.
QuickBooks Enterprise has three major versions: Silver, Gold, and Platinum. The Silver is the least expensive, while the Platinum is the most expensive. The Silver version supports basic functions and includes customer support and product upgrades. However, it doesn’t offer advanced features such as inventory management, payroll, and advanced reporting. The Gold edition offers a balance between advanced features and your budget. You can also opt for the Enterprise version, which comes with Enhanced Payroll Processing.
QuickBooks Enterprise is a desktop-based accounting software that handles inventory, invoicing, and payroll. It supports up to a million employees and customers. It can also track COGS and compute ending inventories. There are three plans, which vary in price depending on the number of users. QuickBooks Enterprise Gold supports basic functions like invoicing and online storage, and it includes a dedicated customer success manager. The Enterprise version also includes advanced features such as Enhanced Payroll for an extra fee.
QuickBooks Enterprise has three different tiers based on features, number of users, and pricing. The Silver plan is $1,340 per year. The Gold plan is $2,140 per year for one user, and the Platinum version starts at $4,200 a year. The Enterprise Platinum version has advanced inventory, pricing, and bill workflow approvals.
Pricing is an integral part of running a successful business, and QuickBooks Platinum Edition has a range of features to support it. For example, you can create custom price rules for certain customers, based on conditions, such as quantity and date range. In addition, you can automatically track sales tax for items you sell.
