QuickBooks have developed over the years and are offered in various types. The first type includes the type in which you work. It can be classified into Desktop and Online Quickbooks.
Quickbooks desktop is a locally installed software, preferably on the computer. This is the most widely used and preferred in comparison with the Online Quickbooks and can have about 1-3 users. It is employed across various sectors, businesses, and industries and across all ranges of business-level such as local, medium, or even large business. Quickbooks desktop offers various features, accounting tools, and accessories such as Budgeting, income and expense tracking, transaction details, and other things. It has more features than Quickbooks online and features over 240 integrations. But Quickbooks desktop is only available for Windows, and Mac users will have to separately install Quickbooks for Mac for local desktop type support.
Quickbooks Online is a cloud-based software that has enlarged the idea of the original software. Quickbooks Online involves an online method of working wherein all the details are stored within the server. Although not preferred over Desktop due to its features, it offers more automation than Desktop features and is easier to learn in comparison with Quickbooks Desktop, and can have a user count of about 1-25. It was specifically designed for small-scale businesses, but modern ideas and Advanced features have made the software extensive for applicability in large businesses and companies. It can offer more than 650 automated features and is available anywhere where you have an internet connection.
The other classification of Quickbooks software is in the type of feature selected by a person to operate. There are 6 types of Quickbook types based on their applicability namely-
Quickbooks Online- Cloud-based services with over 650 integrated features and accounting capabilities that are powerful and come with fully-featured mobile apps.
Quickbooks self-employed- QuickBooks self-employed is not typically an accounting software but rather a type of software where freelancers can manage the accounts and finances. It is a cloud-based, easy-to-use software that provides basic ideas about bookkeeping while specifically designed for them to calculate processes such as quarterly taxes, deductions, and various other things.
QuickBooks Pro- QuickBooks Pro is one of the oldest QuickBooks software. It is a locally installed computer software that provides various features such as expense tracking, accounts payable, invoicing, and a whole other list of things. It can involve only 1-3 users and provides one of the most developed solutions available making it ideal for small-scale businesses.
QuickBooks Premier- QuickBooks premier is well suited for industries and businesses that are not only established and stable but for growing ones as well. It is suitable for medium-scale industries because it enables you to modify and change reports about your business type and industry such as profitable, non-profitable, contractor or retailer. It can be used to modify and create bills, change orders, and do many other things while tracking profitability, inventory, and basic accounting details.
Quickbooks Enterprise- Quickbooks enterprise is a complete package of features and is more inclined towards well-established businesses. It is crafted to meet the requirements of small to medium-scale industries by providing services such as advanced inventory management, creating and providing complex reports, and featuring advanced auditing management. Although it costs more than the previous features, it is suitable and can be easily experienced and can adapt to the growing business.
Quickbooks Accountant- QuickBooks accountant contains all the features of QuickBooks Premier and is also a desktop type, but provides more tools and services to help professional bookkeepers. It can be used to toggle between QuickBooks Premier and Pro in the case of industry-specific versions and can access files of previous year versions without updating, and many other unique features. It is mainly used by bookkeepers to manage clients, vendors, and the business to manage and review the details of the business.
Quickbooks for Mac- While all the before-mentioned Quickbook features are available only for windows operators, Quickbooks have been developed for Mac operators also. It features all the services provided in the Quickbooks pro and even provides certain services specific to Mac such as syncing with Mac OS but falters in creating an accountant copy.