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QuickBooks Online Simple Start or Easy Start Plan is ideal if you pay for your expenses using your debit or credit card, and have simple invoicing needs for your clients and customers. If you are a consultant or contractor who needs to keep track of expenses as they happen, provide invoices and receive payment, track mileage, and run simple reports this is a good place to start!
The QuickBooks Online Simple Start or Easy Start Plan will track all the information you need to file sales tax and prepare your income tax returns at the end of the year, and run reports to see how your business is going throughout the year.
The QuickBooks Online Simple Start Plan costs $35 per month in the US, $24 per month in Canada, $22 per month in Australia, and 15 pounds per month in the UK.
These are the features available in the Simple Start Plan:
To compare the features available in the different QuickBooks Online plans, let's start with the features available in the Simple Start Plan. These are the basic features of QuickBooks Online and are all available in both the Essentials Plan, and the Plus Plan.
QuickBooks Online allows you to connect your bank and credit card accounts and import transactions directly from the bank. This is where the magic of QuickBooks Online gets started! Using artificial intelligence based on your prior entries, and bank rules you create you will be able to automate many of your transactions, and save hours of manual entry bookkeeping.
It is important to regularly reconcile your bank and credit card accounts to ensure that your records are complete and accurate. QuickBooks Online makes reconciling a breeze, and you can easily identify any errors for immediate correction!
To check what to do before you reconcile your bank account in QuickBooks Online you can watch this video and download my checklist.
Reconciliation steps are included in this video and detailed instructions from QuickBooks can be found here.
Using the app on your phone or tablet, or logged in on your laptop you can use QuickBooks Online to prepare an invoice on the spot. You can email to your client in real time, and hopefully collect payment right then and there too!
All the reports you need to see how your business is going are available in this plan.
Prepare an income or profit and loss statement and a balance sheet to help run your business. You can also run an accounts receivable report to see who owes you money, and follow up to manage your cash flow.
You won’t have to worry about losing receipts, and not being able to claim expenses on your taxes, you will also have easy access to those receipts under “attachments” if you are audited or need to locate a receipt for any reason.
Using the app you can capture your mileage in order to quantify vehicle travel, claim expenses and have support if you are audited.
No more guessing, or adding up invoices, and missing out on tax credits. Sales tax is tracked on all your transactions as they are recorded in QuickBooks Online.
Send an estimate to your potential customer and get approval for your quote in advance. This is easily converted to an invoice when the work is completed. Saving time after a job is completed, and it is time to put up your feet after a long day working!
Better manage your cash flow. You can send an invoice part way through the job, rather than waiting to the end. This is also easily prepared from your estimate.
Once again, if you are going to pay all of your expenses as they come due this could be the plan for your small business. If you find you would like to add other functions, you can always upgrade your plan later.
Check out the QuickBooks Online offers available today!
Continue on to learn about the specifics of the QuickBooks Online Essentials Plan.
If you would like assistance to select or set up your QuickBooks Online file you can book a session here.
If you have QuickBooks, and have connected the bank, check out my bank feed training course before you get started.
