QBO Advanced is ideal for businesses that have more than five users needing access to their data. QBO Advanced is QBO Plus on steroids: it includes all of the features found in QBO Plus, along with some great bonus features, such as on-demand online training for your entire team, and Smart Reporting with Fathom.
The bonus features that you will find in QBO Advanced are as follows:
- Dedicated account team: With a QBO Advanced subscription, you will have access to a team of experts who will learn how your business works in order to answer your questions. They will also provide additional resources that will help you to better manage your business financials.
- QuickBooks training for staff: With QBO Advanced, on-demand online training videos help you and your staff get up to speed on how to use QBO. This training has an annual value of $2,000.
- Smart Reporting with Fathom: With this reporting feature, you can measure profitability, cash flow, and other key performance indicators (KPIs). This feature is not available in any other QBO edition.
- Batch invoices & expenses: Allows you to enter, edit, and email hundreds of invoices, checks, expenses, and bills instead of entering them one by one.
- Custom user permissions: Provides a deeper level of user permissions that allows you to manage access to sensitive data, such as bank accounts.
For more in-depth information about the features and benefits of QBO Advanced, head over to Chapter 2, QuickBooks Online Advanced. In that chapter, we take a deep dive into all of the features available in the top-tier QBO plan.
Depending on your business and individual circumstances, you should now be able to determine whether you will need QBO Simple Start, Essentials, Plus, or Advanced. It is important to pick the right version for you so that you have access to the appropriate features you will need. Next, we will provide a brief overview of the QuickBooks Desktop product line.