What version of QB is good for real estate brokerage?
Helping you pick the right QuickBooks version is my priority, @ericbolves.
QuickBooks Online has several versions that you can choose from which is designed to address specific business needs. Each version offers ease-of-use, robust reporting, flexibility to customize, and a large support network.
QuickBooks Online Self-Employed: This is designed for self-employed individuals that report business income on Schedule C of their personal tax return and have no employees.
QuickBooks Online Simple Start: This is the easiest and quickest way for single users (freelancers, gig workers, solo entrepreneurs) to manage all of their income and expenses in one simple tool. You can use it to track assets, liabilities, income, and expenses, and only need access for one user.
QuickBooks Online Essentials: It enables you to track income and expenses, manage accounts receivable, and stay on top of accounts payable (money owed to suppliers). Also, with this version, you can assign billable hours to customers, track bills due, and provide access for up to three users.
QuickBooks Online Plus: This is best for businesses that sell both products and services such as retailers, wholesalers, contractors, and other small businesses. Also, it can help you performed inventory tracking, job costing, budgeting, and access for up to five users.
QuickBooks Online Advanced: This is ideal for growing businesses with complex workflows that can be more efficient if repetitive tasks are automated. With this version, you can have detailed reporting, custom user permissions, a dedicated support manager, and up to 25 users.