If you’re running a B2B business, such as a product manufacturing or wholesale distributor, it’s crucial to have reliable accounting software that can help you manage your finances efficiently. QuickBooks is one of the most popular accounting software used by businesses today and with good reason. It offers a wide range of features that can help you streamline your accounting processes. However, with the various QuickBooks plans available, it can be challenging to determine which plan is the best fit for your B2B business. So, let’s review the different QuickBooks pricing and plans to help you choose the right one for your business needs.
1. First Things First: Why B2B Wholesale Distribution Businesses Need Accounting Software
Efficient Financial Management
Accounting software helps B2B companies keep track of their finances in an organized and efficient manner. This includes managing invoices, recording transactions, tracking expenses, and reconciling bank statements. With the help of accounting software, B2B companies can quickly and easily access financial information, which enables them to make informed decisions.
Compliance with Regulations
B2B companies must comply with various financial regulations, including tax laws and reporting requirements. Accounting software helps companies stay compliant by automating financial processes and generating accurate reports that meet regulatory requirements.
Improved Data Accuracy
Accounting software can help B2B companies improve the accuracy of their financial data by automating data entry and reducing the risk of human error, with features like mobile invoicing. This ensures that financial information is up-to-date and accurate, which can help companies make informed decisions and avoid costly mistakes. Improved data accuracy can also lead to better financial forecasting and planning, which can ultimately improve a company’s bottom line.
2. What QuickBooks Has to Offer
QuickBooks provides a wide range of pricing plans with features that help businesses manage their finances, track expenses, and streamline accounting processes. It offers scalable solutions that can accommodate the needs of businesses of all sizes, including B2B companies. QuickBooks plans come with features such as QuickBooks invoicing, expense tracking, financial reporting, QuickBooks mobile app, Quickbooks eCommerce integration and more. It also provides advanced security features to protect sensitive financial information.
QuickBooks offers different plans that cater to the needs of different types of businesses. These plans include Simple Start, Essentials, Plus, Advanced, and Self-Employed. Among these plans, QuickBooks Online Plus and Advanced are the best suited for B2B companies, particularly wholesale distributors and manufacturers in the food and beverage industry.
3. QuickBooks Plans for B2B Companies: Which One Is Right for You?
QuickBooks Online Plus
QuickBooks Online Plus is an enhanced version of the entry-level plans, Simple Start and Essentials. With up to five users per account, it provides a wide range of features such as income and expense tracking, invoicing, bill management, inventory tracking, and financial reporting. Plus, it offers additional features such as project profitability tracking, budgeting, and contractor 1099 preparation.
As a cloud-based software, QuickBooks Online Plus allows for easy access to data from anywhere, facilitating team collaboration, and integration with other software programs to streamline business processes.
QuickBooks Advanced Plan
QuickBooks Advanced is the most comprehensive and feature-rich plan among QuickBooks pricing plans. It’s ideal for B2B businesses with substantial accounting teams that need additional functionality and support. The Advanced plan offers all the features of the Plus plan, with additional features such as a dedicated account team to help, workflow automation, data restoration, batch Quickbooks invoices, and on-demand online training.
Furthermore, QuickBooks Advanced includes advanced reporting features, including the ability to create custom reports and set report preferences, as well as forecasting and planning tools. With QuickBooks Advanced, businesses can also have up to 25 users per account, and they can access dedicated customer support to resolve any issues quickly, from simple inquiries like creating a QuickBooks invoice to more complex ones.
4. Inventory Management in QuickBooks Online Plus and Advanced
Quickbooks inventory management is crucial for B2B businesses, including wholesale distributors and manufacturers in the food and beverage industry. Both QuickBooks Online Plus and Advanced offer robust inventory management features that allow businesses to easily manage their inventory levels, set reorder points, and track inventory history.
With QuickBooks, you can track products based on their SKU or barcode, set custom pricing levels, and even bundle products into kits for easy sale.
QuickBooks can also generate reports on inventory levels, sales, and profitability, helping businesses make informed decisions about when to reorder products and how to optimize their inventory. Additionally, QuickBooks integrates with many third-party apps and services, allowing businesses to streamline their inventory management processes and avoid errors caused by manual data entry.
5. QuickBooks Pricing Comparison
Let’s review QuickBooks costs for both of these plans and what they offer:
QuickBooks Plus vs QuickBooks Advanced
When it comes to managing business finances, both QuickBooks pricing plans, Online Plus and Advanced are great options for B2B businesses.
QuickBooks Online Plus is a cost-effective solution that’s more suitable for small and mid-sized B2B businesses with fewer advanced needs. In contrast, QuickBooks Advanced is a more expensive option that offers advanced features like dedicated account team support, workflow automation, and batch invoicing, making it ideal for larger B2B businesses with substantial accounting teams.
Both plans offer inventory management features that are crucial for B2B businesses that need to track their inventory levels, manage purchase orders, and create invoices. While QuickBooks Advanced offers additional features like removing limitations on classes, locations, and chart of accounts, it may not be necessary for smaller businesses. However, larger B2B businesses can benefit from the additional support of a dedicated success manager and free training to help team members get familiarized with new features.
6. Get The Best Pricing with OIS as Your QuickBooks Solution Provider
Orders in Seconds (OIS) is proud to be part of the QuickBooks Solution Provider program, which offers a network of experts who can provide QuickBooks products and services to businesses. As a member of this program, OIS is able to offer better QuickBooks pricing and discounts to our customers, allowing them to get the best of both worlds – high-quality accounting software and expert support from a trusted provider.
Through this program, you can take advantage of the powerful features and functionality of QuickBooks, while also benefiting from the expertise and support of our team. Think of OIS as your QuickBooks helpline! We can help you find the right QuickBooks solution for your business, implement it, and provide ongoing support and training. Just set up a FREE consultation today!
What’s best, Orders in Seconds (OIS) integration with QuickBooks, helps grow your wholesale distribution or manufacturing business by offering an all-in-one order management and accounting solution.
Our OIS mobile solutions integrate seamlessly with QuickBooks mobile, so your field sales teams and B2B clients always have the most up-to-date products and pricing. Plus, QuickBooks Online syncs all your transactions in real-time, including orders, invoices, credits, and payments. All are accessible right from your mobile phone anywhere, anytime. With this integration, businesses can streamline their operations, increase efficiency, and improve accuracy.
If you’re interested in using QuickBooks + OIS for your business, schedule a FREE QuickBooks Consultation today to learn more about how we can OIS + Quickbooks can help your business.
Selecting the right QuickBooks pricing plan for your business depends on the size of your business, your budget, and specific needs. For smaller B2B businesses, QuickBooks Online Plus may be sufficient, offering a more affordable option with fewer advanced features. However, for larger businesses with substantial accounting teams, QuickBooks Online Advanced may be a better choice.
Use our guide to help evaluate which QuickBooks pricing plan is the best fit for your B2B business. At Orders in Seconds, we can help you choose the right QuickBooks plan, so you take maximum advantage of features such as Quickbooks eCommerce, inventory management and more . Don’t forget to take a look at OIS integration with QuickBooks to help take your business to the next level. Contact us today to learn more!
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