Last year, Intuit implemented usage limits on all QBO plans. What this means is that each plan will have a maximum number of billable users, classes, locations, and a chart of accounts. The following is a brief description of these:
- Billable users: The total number of users you can give access to your QBO account. This would include bookkeepers, accountants, employees, and contractors.
- Classes: Depending on your business, a class can represent departments, office locations, or product lines. One of the benefits of using classes is the ability to generate reports you can filter by class. Each plan now has a cap on the number of classes that can be created.
- Locations: If you have multiple locations, you can turn on location tracking in QuickBooks. One of the benefits of using locations is you can generate reports and filter by location. Each plan now has a cap on the number of locations that can be created.
- Chart of accounts: We discussed the chart of accounts in the...