Intuit QuickBooks
Is This Your Business?Author: Jenna Vasquez
Top Ranked Companies
The Good
- Business Management
- No Hidden Fees
- Accounting Solutions
Business Management
Intuit QuickBooks is much more than just a credit card processing service. They essentially offer a total business management solutions. Business owners will be able to sync with their bank, track expenses, and send professional invoices. Currently, Intuit has a plan for those who occasionally need to swipe a credit card for payment, and for those who use it daily. One requires a monthly fee of $19.95, and the other is a free monthly service, featuring a higher swipe fee percentage. Both plans are free of monthly minimum usage, and both plans offer free setup fees and a free card reader.
No Hidden Fees
Additionally, there doesn't seem to be any hidden fees. All of the costs are provided on their website, outlining the difference for pay-as-you-go and the monthly plan. This transparency makes it easy for business owners to quickly identify just how much the Intuit solutions will generally cost. While Intuit QuickBooks has solutions for a number of business types, they specialize in six specific industries. Businesses who operate in these fields can expect to experience a straight-forward and affordable processing solution. Business types include:
- Independent Contractor: includes freelancers, consultants, part-time workers
- New Business: access to tools to help hit the ground running
- Professional and Field Services: includes architects, landscapers, and wedding planners
- Retail business: any and all retail including bike stores, food trucks, and coffee shops
- E-commerce Business: for example, Etsy stores, eBay sellers, etc would be considered
- Non-profit Organization: can include charities, religious groups, and private foundations
Accounting Solutions
There are four different accounting solutions available to choose from. Each of these packages are designed to accommodate a certain type of business and size. Each product comes with the ability to:
- Track income and expenses
- Download transactions from bank and credit card accounts
- Automatically backup data online
- Security and encryption
- Access to business data from mobile devices
The Bad
- Packages
Packages
In order to keep transactions and other costs low, Intuit QuickBooks does require their merchants to select and pay for a product that best suits the company needs. These product packages range from self-employed contractors to large businesses. QuickBooks Online packages are broken down as follows:- Self-Employed: $9.99/month ($4.99/month for the first 12 months)
- Simple Start: $12.95/month ($10.36/month for the first 12 months)
- Essentials: $26.95/month ($18.86/month for the first 12 months)
- Plus (most popular): $39.95 ($23.97/month for the first 12 months)
The Bottom Line
Intuit is a powerhouse in the financial and business field. They provide consistent, modern, and updated encryption services with the most up-to-date monitoring, methods, and technology to remain a strong leader. Features that a majority of Intuit customers appreciate include:
- Connection to apps: sync data from apps like PayPal or Square
- Analytics: know where business stands with ability to see profit and loss, balance sheets, and other reports
- Manage and Pay Bills: record and pay bills from vendors
- Access for up to five users: data stays up-to-date with multiple logins
- Automatic backups: QuickBooks backs up data everyday with bank-level security
- Pay employees: will run payroll for you
- Fast Payment: email invoices and accepted online and mobile payments ensure businesses get paid faster
Bottom line, Intuit is one of longest lasting, and most trusted names out there today. Intuit is a top competitor due to the low monthly fee for merchant services, reasonable per swipe charges, absence of additional hidden fees, and same day money transfer.
