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Call Now Gusto and QuickBooks are both well-established software providers in the payroll industry. When making a decision between Gusto and QuickBooks, you should consider which features would benefit your business the most. This guide explores the differences between Gusto and QuickBooks to make choosing payroll software for your small business simple. This article is for small business owners who want to determine whether Gusto or QuickBooks payroll software is best for their business. Have you decided it's finally time to start hiring employees for your small business? Along with the decision to start hiring, there comes the decision of which payroll software you should use to pay those employees. Payroll software is an application used to automate and manage payments you make to your employees. Our QuickBooks Payroll review makes it clear why the company is undoubtedly one of the best in the industry when it comes to payroll software – but is it the best option for your business needs? If your small business needs help with more than just payroll, our Gusto review might spotlight the best selection for you. Choosing between Gusto and QuickBooks can be a real challenge for small business owners. We created this guide to outline what each has to offer. This Gusto vs. QuickBooks comparison will highlight all you need to know to understand which payroll software would be best based on your business needs. Gusto vs. QuickBooks Here's a quick overview of the features QuickBooks and Gusto offer: Feature Gusto QuickBooks Employee onboarding Yes No Same-day direct deposit No Yes Mobile app No Yes Employee portal Yes Yes Free unlimited payroll Yes No Benefits services Yes Yes Both Gusto and QuickBooks do a great job of making payroll, benefits management and payroll taxes a simple process for business owners. Here's a review of what the two software providers have in common: Employee portal: Gusto and QuickBooks give employees the ability to access and manage their payroll details and tax information. Benefits services: Whether you choose Gusto or QuickBooks, you'll have access to a system that manages employee benefits. Automated direct deposit (or paperless payroll): Both Gusto and QuickBooks give you the option to send employee payment electronically. But that doesn't mean these payroll service providers are created equal. While the costs of Gusto are higher than those of QuickBooks, Gusto comes with tons of additional features that can be a huge benefit to small business owners in need of HR assistance. Let's review a few of the main differences between Gusto and QuickBooks. Mobile app: While Gusto has a mobile-friendly site, it does not have a dedicated app like QuickBooks does. Same-day direct deposit: QuickBooks offers the option to process same-day deposits, while Gusto requires at least two business days. Free unlimited payroll: Gusto allows you to run payroll outside of normal timeframes, which comes in handy for commission or bonus payments, while QuickBooks charges a fee for this service. Who should use Gusto? Gusto is a great payroll software option for startups and small businesses that don't plan on scaling at a rapid pace. It's especially helpful for any small business owner who is interested in extra HR resources. Another bonus of using Gusto is the option to run unlimited payroll in addition to the regularly scheduled runs, at no extra charge. You can use Gusto to pay contractors at no extra costs. Source: Gusto The company offers three plans, all of which come with full-service payroll. Here's an overview of what else each plan includes: Core plan The most basic plan available to small business owners, Core includes full-service payroll and benefits management. It has features like automatic payroll tax filing, customer support and an employee portal. It also includes payroll reporting, which allows you to export reports related to payroll liabilities like PTO, benefits, taxes, wages and salaries. Complete plan This plan has all the same features as the Core plan, with the addition of HR resources like employee onboarding assistance, an employee directory, and even employee surveys that you can use to gather information about trends within your company. Time-tracking and PTO tools are also in this plan. Editor's note: Looking for the right payroll software for your business? Fill out the below questionnaire to have our vendor partners contact you about your needs. Concierge plan This plan encompasses all the features Gusto has to offer. It has all the same features as the Core and Complete plans – the main difference is all the HR support it includes. Small business owners who select this plan will have access to live HR professionals as well as a dedicated support team. This plan also grants access to Gusto's HR Resource Center, which contains templates and guides to help you create employee handbooks, policies, and job postings. Did you know? Gusto also offers a separate plan for small businesses that only hire independent contractors. Here's a brief overview of what we love about Gusto: Unlimited payroll HR guides and templates Employee onboarding assistance Employee surveys Gusto charges a monthly subscription fee for each plan, in addition to a monthly fee per person. Here's a breakdown of Gusto's prices: Plan Monthly base fee Monthly per-employee fee Core $39 $6 Complete $39 $12 Concierge $149 $12 Regardless of the plan you select for your business, you'll also be able to choose add-ons like health savings accounts, flexible spending accounts, and commuter benefits for an extra fee. Another great benefit of choosing Gusto is that the software does not require a long-term contract. Who should use QuickBooks? QuickBooks is best for small businesses that are established and quickly scaling. It offers a number of great features designed to benefit the established business owner on the rise, like a mobile app and same-day direct deposit. It also connects to one of the most popular accounting applications: QuickBooks Online accounting software. You can use QuickBooks to run payroll from any device. QuickBooks offers three plans for small business owners to choose from: Core, Premium and Elite. Core plan This is the most basic plan from QuickBooks. It includes payroll processing and the option to submit next-day direct deposit. This plan also comes with a portal employees can use to manage their tax forms and payroll information, as well as the option to keep payroll records, tax, and PTO management. Premium plan This plan includes all the features of the most basic plan, with a few perks. Small business owners who choose this plan have the option to process on-demand payroll, and access to employee onboarding resources through the HR Support Center. Another great feature of this plan is the support from QuickBooks experts, who are available to check your payroll submissions for common errors like miscalculations and tax issues. Elite plan This plan has all the features of the Core and Premium plans, but it offers even more payroll support. Small business owners who subscribe to this plan receive tax penalty protection. In the event your business receives an IRS penalty related to payroll, QuickBooks will represent you. The software provider will also cover the associated fees for up to $25,000 each year. In addition to tax penalty representation, this plan includes 24/7 payroll support and access to a certified HR advisor. Key takeaway: Elite plan subscribers don't have to pay additional fees for tax filings in multiple states. As you can see, each QuickBooks plan increases the payroll assistance from the previous plan. The tax penalty representation on the Elite plan can be an especially great help to any small business owner, especially those who lead growing brands. So, how much does all of this cost? Here are the standard fees for using QuickBooks: Plan Monthly base fee Monthly per-employee fee Core $45 $4 Premium $75 $8 Elite $125 $10 If your small business also hires contractors, you'll be charged additional fees for those direct deposit payments. Did you know? An alternative to direct deposit is paycards. Find out more about how paycards work in our paycard vs. Direct deposit guide. In a nutshell, these are our favorite QuickBooks features: Tax penalty representation No long-term contracts Same-day direct deposit 24/7 payroll support Gusto vs. QuickBooks recap Whether you should enroll with Gusto or QuickBooks depends on your small business's needs and circumstances. Gusto is best for startups and small businesses. If your business is just getting off the ground, or if you don't plan on scaling up in the near future, Gusto has a lot to offer you. Gusto plans include more startup-friendly features than QuickBooks, such as HR templates, which are great for employee onboarding guidance. It also offers free direct deposit for your contractors and easy third-party integration. These features make Gusto a great payroll service for startups. QuickBooks is best for growing and large businesses. If your business is well established and quickly scaling, you may not need tons of HR guidance like a startup does, in which case QuickBooks is the better option for you. Overall, QuickBooks' prices are lower than Gusto's, and its mobile app allows you to handle payroll tasks on the go, which is great for busy small business owners. While QuickBooks charges extra fees for contractor payments, if you mainly work with your own employees, this wouldn't affect you. Also, any owner of a scaling business can benefit from tax penalty assistance, which QuickBooks does a great job of handling. FAQs What services does Gusto Payroll offer? Gusto offers full-service payroll and HR solutions. Specific features vary based on the plan you choose for your small business. How much does QuickBooks' payroll service cost? QuickBooks Payroll costs vary by plan. Starting rates range from $45 to $125 monthly, but they may increase if you add extra features to your plan. Additional fees also apply based on the number of employees you need to cover. Is Gusto the most budget-friendly payroll option for small businesses? While Gusto does not have the lowest costs among payroll solutions for small business, this software includes more extensive HR resources than others. This makes it a great option for small businesses and startups. What are the benefits of using QuickBooks? QuickBooks' benefits include tax assistance, full-service payroll, same-day direct deposit, and many more, depending on the plan you select for your business.Gusto is renowned for its low-hassle payroll processing and extensive HR features, but it's not perfect for every business. Gusto can't process international payrolls, and small businesses with robust HR and accounting departments may find its advanced services unnecessary. Prominent Gusto alternatives include Paychex, OnPay, ADP, Rippling, Intuit QuickBooks Payroll and Square Payroll. This article is for small business owners seeking Gusto payroll alternatives in their search for the best payroll service. Gusto's prominence in the payroll world largely stems from its being far more than just a payroll service. The company is renowned for its full-service HR platform that couples payroll with advanced features such as workforce costing and employee handbook templates. At its highest pricing tier, it also offers access to a certified HR professional. But for some small businesses, Gusto alternatives may prove superior. Here's a look at Gusto and its features, along with overviews of six Gusto alternatives that might be right for your business. Gusto overview After launching in November 2011, Gusto quickly rose to prominence among payroll services, given its seamless coupling of payroll processing with high-level HR features. When you choose Gusto to run your payroll, Gusto can also oversee your benefits administration, time and attendance tracking, compliance, and successful onboarding. For small businesses that can't quite afford an in-house HR staff, these features are often game-changing. On the other hand, Gusto's extensive HR features might prove redundant for small businesses with robust accounting and HR departments. Additionally, Gusto can't process payroll for international employees. If either of these facts makes Gusto an improper fit for your company, then one of the below Gusto payroll alternatives should better suit you. As you go through this list, you may want to consult our Gusto payroll review and payroll software best picks list. Key takeaway: When it comes to picking the right payroll service for your business, Gusto payroll alternatives may be better for small businesses with full accounting or HR departments and international employees. 6 alternatives to Gusto These are some prominent Gusto payroll alternatives: 1. Paychex: Best for larger businesses Paychex has been a prominent payroll service provider for half a century, in which time it has developed a specialty for working with larger businesses. It includes basic payroll services alongside features that large teams might need, such as online marketing, time and attendance tracking, and incorporation assistance. If you choose Paychex, you'll also be paired with a dedicated account specialist and receive 24/7 customer support. These are some of the best Paychex features: Basic payroll calculations Payroll tax calculation and payments Direct deposit and pay cards Several hundred payroll reports Numerous accounting integrations New-hire reporting Benefits administration Employee financial wellness program administration Employee training Background screening and onboarding Time and attendance tracking Performance reviews and tracking Unemployment insurance program coordination Secure document storage Online marketing Business incorporation services Paychex is available in three pricing plans: Go, Flex Select and Flex Enterprise. Paychex Go: $59 per month, plus $4 per employee per month. Services include basic payroll processing, tax services and new-hire reporting. Paychex Flex Select: $90 per month, plus custom per-employee fees. Services include income verification, mobile app use, and access to a dedicated account specialist. Paychex Flex Enterprise: $160 per month, plus custom per-employee fees. It includes all the features of the other plans, accounting software integration, state unemployment insurance services, tools for screening and onboarding employees, and an employee handbook builder. Tip: To learn more about Paychex, read our Paychex payroll service review. 2. OnPay: Best for very small businesses Extremely small businesses with fewer employees than can be counted on one hand might lack the resources to oversee payroll directly. OnPay is designed with these businesses in mind. It offers only one pricing tier and feature set, and that's intentional. All OnPay users get equal access to the company's extremely user-friendly payroll processing and tax services, not to mention robust customer service. This all comes free of long-term contracts and hidden fees. All OnPay users get these features: Full-service payroll processing and tax payments Direct deposit and pay cards Full coverage of any tax penalties or interest resulting from OnPay's work Unlimited payroll runs Multiple pay schedules Five levels of employee access New-hire reporting Onboarding services Extensive integrations Paid time off (PTO) tracking Offer letters HR resource center Benefits and workers' comp administration You'll pay a monthly fee of $36, plus $4 per employee, for OnPay. The only other fees that come into play pertain to year-end tax forms. For OnPay to print and mail these forms to your workplace, you'll pay $5 plus shipping. OnPay can also mail these forms directly to your employees for $6 plus shipping. Alternatively, you can print your own W-2 forms for free. Tip: Read our OnPay payroll software review to learn more. 3. Rippling: Best for ease of use Although payroll services are supposed to save you innumerable hours on payroll, taxes and HR, some payroll software platform interfaces complicate the process. Rippling, on the other hand, allows you to run payroll in just 90 seconds. That's why it's our pick for small businesses prioritizing ease of use. These are some important Rippling features: 90-second payroll runs Automated compliance and tax filing Global payroll Multiple pay rates Direct deposit Time tracking software PTO management Customizable payroll reports and templates Job costing Wage garnishments Several hundred integrations Benefits administration (if you register for Rippling HR) Rippling pricing plans start at $8 per user per month. Your actual price will vary based on many factors, and you'll need to get a custom quote to start using the service. Tip: Read more about Rippling in our Rippling HR software review. 4. Intuit QuickBooks Payroll: Best for small businesses Intuit QuickBooks Payroll is a great choice for small businesses of all stripes, given the company's prominence in accounting software. QuickBooks Payroll seamlessly integrates its payroll and accounting platforms, giving you complete control over your employee payments. You also have the option to choose between hosting your software online or on your desktop. These are some of the best QuickBooks Payroll features: Full-service payroll processing Full-service payroll tax filing and payment Direct deposit Unlimited payroll runs Multiple pay schedules Mobile time tracking Full coverage of tax penalties or interest (on select plans) Seamless QuickBooks accounting integration HR services alongside designated account HR advisor Workers' comp administration Health insurance administration through SimplyInsured 401(k) administration through Guideline QuickBooks Online Payroll is available in three plans: Core, Premium and Elite. Core: $45 per month, plus $4 per employee per month. You'll get full-service payroll and benefits administration services. Premium: $75 per month, plus $8 per employee per month. You'll get all Core services plus workers' comp administration, mobile time tracking, direct deposit, HR center access and expert setup assistance. Elite: $125 per month, plus $10 per employee per month. You'll get every service in the other plans plus 24/7 expert product support, tax penalty protection and a personal HR advisor. QuickBooks Desktop Payroll also has three plans: Basic, Enhanced and Assisted. Basic: $29 per month, plus $2 per employee per month, with rates discounted 20% for your first six months. Services include direct deposit, instant paycheck printing and live support. Enhanced: $45 per month, plus $2 per employee per month, with rates discounted 20% for your first six months. Services include everything in Basic, plus tax calculation and the ability to print W-2s. However, you still must pay your taxes manually. Assisted: $109 per month, plus $2 per employee per month, with rates discounted 40% for the first six months. It includes all the above services, along with advanced reports and inventory management, integration with Salesforce CRM, simultaneous access for up to 40 users, and more. Tip: You can read more about the many tiers and services of QuickBooks Payroll in our QuickBooks Payroll review, or read our comparison of Gusto vs. QuickBooks Payroll. 5. Square Payroll: Best for payroll tax prep Square is best known as a leader in credit card payment processing and point-of-sale (POS) systems, and its payroll services are excellent too. In fact, we'd say Square Payroll is your best bet if payroll tax prep is your primary concern. Square Payroll combines payroll data with compliance standards to make sure you hit all your deadlines and avoid fees. It does so through a platform as user-friendly as its beloved payment processing and POS tools. These are some of Square Payroll's features: Basic payroll processing Emphasis on timely, compliant payroll tax payments Automatic tax form creation Employee and contractor payments Seamless POS and time and attendance tracking integrations Employee payment through Square Cash app Phone, email and live chat customer support Team management tools Square Payroll is highly affordable. Its rates start at $29 per month, plus $5 per employee per month. Notice that the phrasing here is "per employee." If you pay contractors only, the base monthly fee disappears. Instead, you'll pay just $5 per contractor per month. Whether you're paying contractors or employees, you won't have to sign any binding, lengthy contracts. Key takeaway: Paying only contractors through Square Payroll, as opposed to full-time employees, is highly cost-effective. 6. ADP: Best for complex payrolls ADP's diversity of payroll and HR services make it an ideal choice for complex payrolls. If your company hires numerous employees and contractors at wildly different pay rates and hours, ADP can handle that. Plus, it's the most popular payroll service: When we surveyed businesses as we researched payroll services, nearly 1 in 4 told us they use ADP. These are some of ADP's features: Complete payroll processing Payroll tax calculation and filing Online, phone and mobile app payroll runs Year-end tax forms Direct deposit and paper checks Paper check signing and stuffing Employee self-service portal Standard payroll reports New-hire reporting Hiring and training services Forms and documents Background checks Employee handbook wizard Applicant tracking Performance management Marketing tools State unemployment insurance management HR professional access Legal assistance All ADP prices are entirely customized. You can choose from among four plans: Essential, Enhanced, Complete and HR Pro. No matter which plan you choose, you'll also pay a flat $200 setup fee. ADP Essential includes basic payroll services with some nice-to-haves such as onboarding and marketing tools. The Enhanced plan adds more services, including paper check stuffing and state unemployment insurance management. The Complete and HR Pro plans add more HR services to the mix, with HR Pro providing legal assistance unavailable with other payroll services we evaluated. To get the full scoop on ADP, read our ADP payroll services review. Learn more about how it measures up to Gusto in our Gusto vs. ADP payroll comparison. Don't be afraid to consider other Gusto payroll alternatives as your search continues – this list is just a starting point.What is Quickbooks? How do you use it? Is it worth gettting? In this guide, we detail everything you need to know about using Quickbooks to manage your business… QuickBooks comes with effective accounting features that are designed to not only streamline your accounting processes, but also give you better insight into how your business is functioning. You can track and monitor things like payroll, expenses, tax, contractor spending – basically everything you need to constantly stay on top of. And because QuickBooks operates on the basis of organization, many businesses with large amounts of data can plug the software into existing processes and get improved visibility and analysis of its core metrics. In this guide, you’ll learn more about QuickBooks including how to use it and all of its impressive features. Although, if you want to become a pro-grade Quickbooks user, this course is 100% worth investing in – it will show you how to do everything from basic stuff to high-end processes. This post is designed to give you a quick overview of Quickbooks, how it works, and some basic features. If you want to learn how to use it professionally, this course is highly recommended. What is QuickBooks? QuickBooks is a small business accounting software and also the most popular used by businesses to manage their revenue and expenses. It is designed to help you keep track of the financial health of your business. The following are some of the applications of QuickBooks in a business: QuickBooks can be used to invoice customers The software can also generate reports It helps you prepare your taxes too The Features of QuickBooks Like mentioned earlier, QuickBooks is rich with essential features that help businesses thrive in their daily transactions. These features are effective and can operate well in either small or mid-sized business settings. So, there is no size limitation when it comes to using this software on any business. In fact, individuals who are running their personal businesses can benefit a lot from using QuickBooks. That said, the following are the features of QuickBooks covered in detail: 1. Income and Sales Management Organization and management are the original reasons why the QuickBooks software was created. This is because any operational business depends on income and sales for the business to continue running. And not just running, but also making sure that the income and sales management are optimally active. When using QuickBooks, a user can create an invoice in the software. This act is meant to help any QuickBooks user manage their business sales and income. The invoice created in this software allows the user to view their accounts receivable ageing report. This grants the user a chance to view their accounts receivable balance, making the whole process more efficient. Generally, QuickBooks will include all the details of an account’s past and current invoice reports. 2. Tracks Your Bills and Expenses If you want to monitor bills and expenses in your business, then QuickBooks might be your best solution. With this software, you can easily monitor the money going out of your business by connecting bank accounts and credit cards to QuickBooks. As a result, it becomes easier to not only track your expenses but also categorise and download all the compounded data. With such capability, QuickBooks allows you to track your cash and also check your transactions. 3. Cash Flow Management When you use QuickBooks in your business, you can easily manage the cash that flows in and out of your business efficiently. Additionally, this software allows you to access any of your financial business reports for reference. With such candid information, it’s easy to strategise on the best ways of managing your cash flow. And it’s also easier to run the cash flow reports on this software with only a few clicks, and they are also updated in real-time. As a bonus to the offers, QuickBooks also allows you to run three different reports that you can use to tell the position of your business. The three different reports include: The balance sheet report Statement of cash flow and The profit and loss report With the three different reports, you can capitalise on the information by strategising better to scale your business. And by knowing the scope of your business, you’ll know what you can do better to increase your profits. 4. Payroll The payroll feature that comes in the QuickBooks software will help you manage different accounts effectively. With this feature, business owners who have employees can easily manage their accounts appropriately if they run payroll. What the payroll feature does is help you, the business owner, manage the taxes of your employees and also update their accounts. Other than that, you can also use the payroll feature in QuickBooks to calculate the following aspects: Wages Salaries Bonuses Any withheld taxes Keeping tabs on all of your employees is highly essential for your business because they are integral parts of your organization. And there is no better software to help you do that than the QuickBooks software. 5. Inventory Tracking Like cash flow, tracking your inventory is another essential part of running your business. The inventory tracking feature in QuickBooks is efficient and accurate, and can help you manage all of your product sales. This feature will also help you understand if you are earning or losing money on every product you sell. Lastly, you need to turn on the inventory tracking feature before setting up inventory in QuickBooks. This requirement fully ensures that your inventory tracking starts immediately when you start using the software. 6. Online Payment Options The world is becoming more digitised by the day and every type of business is embracing the advancements. People no longer depend on brick-and-mortar payments and that’s what has made e-commerce a multi-billion-dollar industry. QuickBooks utilizes the same concept and offers users a chance to set up online payment options for their businesses. As a user, you can add Intuit payment features on your business with QuickBooks for safe, secure digital transactions. And if customers can purchase and pay for their products from any location, then this might increase your conversions and income. 7. Scanning Receipts If you are a subscriber of QuickBooks, you can download their official application on your mobile phone. With the application, you can take a picture of a receipt and upload it to the QBO. This helps you and your team stay on top of expenses. What this feature does is save you time and reduces any chances of you having to deal with any paperwork. And because it’s an application, you can easily achieve all you need remotely on QuickBooks, as it runs on iPhone and Android as well as desktop. How to Use QuickBooks? Now that you know exactly what the QuickBooks software can do, it’s now time to learn how to use it. Using this software isn’t a complicated task and you don’t need to have in-depth knowledge on a lot of stuff. This is because the QuickBooks software was created to make business management an easy and efficient process. By so doing, small business owners will be able to benefit more from their daily business interactions. Therefore, you don’t have to worry if it’s your first time using this software. That said, here is how to use QuickBooks: Install the Software This is the initial step of using QuickBooks on your day-to-day business activities. To use this software, you first have to install it on your computer. When installing, you’ll have to indicate the type of installation that you prefer, Custom or Network Options. If you plan to use the software on one PC only, then you should select the “I’ll be using QuickBooks on this computer” option. Lastly, you’ll also need to select the location or folder that you wish the software to be installed in. Collect Financial Papers After installing the software on your PC, the next step is to gather essential financial papers. This is a requirement because you’ll need those papers for setting up your QuickBooks files. If unaware, these financial papers will include the business name, tax ID numbers, financial statements, and, of course, the business address. Create a File for Your Business With the program installed on your computer and having gathered all the important financial papers, it’s time to launch QuickBooks. Click on the software’s desktop icon to run the program so that you can start using it. At first, there’s an EasyStep Interview wizard option that will appear to help you through the whole process of creating your company file. This setup wizard is highly essential and effective, especially if you are using this software for the first time. So, take advantage of the EasyStep Interview wizard to create your company file, while learning more about QuickBooks. Setting Up and Managing Vendor Accounts After creating the company file, you’ll now need to set up the vendor accounts so that you can easily and effectively manage them. If not clear, vendors are integral parts of your business and includes your suppliers or contractors. The process of creating vendor accounts to manage them is straightforward, and looks something like this: On the top toolbar, click on the “Vendor Centre” Select the “New Vendor” button to create a new vendor account If you want to add transactions, you can do so by clicking the “New Transaction” button And that’s how to create a vendor’s account on QuickBooks so that you can manage the accounts better. If perhaps you want to export the information on all or particular vendor accounts, you can link this software to Excel to enable the process. And you can also export the information on “Word”, so you have records just for yourself on other platforms. Create and Manage Employee Accounts Like the vendors, your employees are also important for your business. Therefore, QuickBooks can help ensure that you are keeping tabs on them for better staff management. To create employee accounts, here is what you need to do: Click on the “Employee Centre” Follow by clicking on the “New Employee” tab to create and manage all of your employee accounts As for relevant transactions with your employees, click on the “Transaction” tab Lastly, you can manage your employee time sheets by using the “Enter Time” feature on the software Generate Reports The last step of how to use QuickBooks involves generating reports through the software’s Report Centre. You can get a lot done in your business with this feature such as getting reports from the following areas: Profit and loss statements Budgets Accounts receivable reports, among many more How to Reconcile in QuickBooks Wondering how you can reconcile your banking accounts on QuickBooks? Well, it’s not as hard as most people think. Remember, this software is created for the sole purpose of making your business run efficiently. However, the reconciliation process in the QuickBooks software is a bit different but not something that you can’t manage. Therefore, you shouldn’t shy away from using this software to reconcile your banking accounts. Moving on, here is a step-by-step guide on how to reconcile in QuickBooks: Select the Gear Button, click on “Tools” and follow with “Reconcile” You’ll find a drop-down menu under “Accounts”, which you’ll select and click the account you wish to reconcile Based on your bank statement, you’ll then fill in the “Ending balance” and the “Ending date” as well Afterward, you’ll need to match your bank statement with the transactions, which you’ll also check individually Use filters on transactions so they become easily detectable Continually run the feature until you achieve zero digits on the “Difference” field And that’s how to reconcile in QuickBooks. Conclusion In conclusion, QuickBooks is a proven business management software that’s capable of scaling your business to greater heights. But how much does it cost to use QuickBooks? Depending on your preference of the software’s variants, you can pay from $25 to about $300 every month for using the QuickBooks software. But considering the advantages of using this software, that’s a decent amount to pay for using it. Richard Goodwin has been working as a tech journalist for over 10 years. He is the editor and owner of KnowYourMobile.
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