What is the Difference Between QuickBooks Desktop and Online 2020

In the case of online software, you can access your data anytime, anywhere. It also saves the storage of your system by saving your work on the cloud. The below article helps you to choose from QuickBooks Online or QuickBooks Desktop. QuickBooks Online and Desktop both the software created to give the best service related to accounting, both are excellent and for small business accounting software. Additionally, both software allows double entry of transactions and automatic processing of closing entries. If you are thinking to switch from Desktop to online or from online to Desktop versions, it is always advisable to take a long look at both the software, its pros and cons, benefits, features, etc.

QuickBooks Desktop vs QuickBooks Online 2020

QuickBooks Desktop and QuickBooks Online 2020 are the software that is assisting to manage the accounting of small and large business owners. Although there are many versions of QuickBooks such as pro, premier, online, etc. The main difference between the QuickBooks Desktop and online 2020 is that Online is a cloud-based software with monthly pricing but QuickBooks Desktop is software that is installed on a specific computer.

QuickBooks Online – This is the Intuit’s cloud-based accounting software. It was initially far less developed than QuickBooks Desktop. It was launched in 2004 and with time Intuit made many changes that are tremendously changing the way of working for the users, it is also adding new features to serve better the small-sized business.  All know that QuickBooks Online is developed for small businesses but the new version is also applicable for the larger business. It offers you many sets of features, excellent accounting, online payroll, attractive invoices, and many more unique features.

QuickBooks online is easier to learn and use than QuickBooks Desktop.  As it is cloud-based then it means anyone can work from anywhere, you just need to have an internet connection and you can also manage with the mobile apps.

Some of the Pros and Cons are mentioned below

ProsCons
Strong featuresCustomer support
Built-in lendingNo sales orders
More than 500 integrationsMore expensive than other SMB products
Monthly pricingFewer Features than QuickBooks Desktop
Easy to use
Cloud-based

QuickBooks Desktop – It is the oldest accounting software, it made the Intuit what it is today. Today is also it is one of the primary choices of the users.  It offers QuickBooks Desktop Pro, QuickBooks Desktop Premier, QuickBooks Desktop Enterprise. The pro is developed for the small business, Premier for medium business, and Enterprise for the large business. Each plan comes with different features and plans.

Below are some Pros and cons mentioned below:

ProsCons
Strong FeaturesCustomer support
200 plus integrationsNo remote access or mobile apps
More securedFewer automation than QBO
Traditional accountingExpensive License structure

Below is the comparison chart of QuickBooks Desktop and QuickBooks Online

QuickBooks OnlineQuickBooks  Desktop
Create Professional invoiceYesYes
Automatically schedule and send an invoiceYesYes
One-click tax and sales reportYesYes
Track expenses and salesYesYes
Track MilesYesYes
Manage accounts payableYesYes
Real-time collaboration with accountantsYesYes
Connect to 650 plus cloud-based appsYesYes
SupportYes$89 for 90 days or included in selected products
Cloud accessYes$44- $200 monthly per user
Access up-to 25 usersYesPay Per user
Access to the latest product and features updatesYes$299 annual  repurchase or included with select products
Automatically download bank transactionsYesBank Fee may apply
Automatic data encrypted back upYes$9.95 per month or included in selected products
Restore company dataYesNo
MObile  apps for smartphone accessYesNo
Calculate job costsNoYes
Discounts by customerNoYes

 

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