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Updated over 5 years ago on . Most recent reply

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37
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Emily Di
  • Specialist
  • San Diego
18
Votes |
37
Posts

Quickbooks Online Usage Limits - Help need alternative

Emily Di
  • Specialist
  • San Diego
Posted

I'm over the new QBO usage limits due to depreciable assets. Is anyone in the same boat and if so what are you doing about it? I have 4 QBO accounts so the idea of paying $150x4/month for the new "Advanced" QBO account is not justifiable. I really prefer to stay cloud based. I thought of going to desktop, but if I did I would like to host it somehow. I don't like the idea of all my business data solely on my laptop. I just feel very stuck and frustrated that Intuit won't even us to year end before they cut us off. What alternatives should I pursue? 

Most Popular Reply

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5,127
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
6,007
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5,127
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied

@Emily Di

You do not need separate accounts for separate assets. Instead of creating new accounts, assets should use the same accounts but be separated by Classes - which is a feature of the Plus version of QBO, not Advanced. The Plus version also has Locations feature which can be customized as Businesses, allowing you to use one QBO Plus account for all 4 LLCs - if you created 4 separate QBO accounts for 4 LLCs. So basically one Plus version at $70/mo should do the job.

Xero is an excellent software, except for their insane tech support model (that they refuse to reconsider, despite years-long customer complaints): you cannot call and talk to support. You have to leave a message and wait for them to call you back - which is unacceptable for most people I know, including myself. No idea how @Steven Hamilton II deals with it.

  • Michael Plaks
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