Intuit QuickBooks is a trusted platform which helps you to manage your business finance, inventory and sales. But there are some different product like QuickBooks Online vs QuickBooks Commerce. Many business owners are stuck in a dilemma while choosing the software that what is the difference between both and which one they can choose. Both are design for the management of the business, although QuickBooks Commerce was known as TradeGecko. In August 2020 Intuit acquired TradeGecko and renamed as QuickBooks Commerce.
In this guide, we will explain the QuickBooks Commerce vs QuickBooks Online, their feature, pricing and uses. This blog can help you to choose and decide which one if best for your business according to your needs.
What is QuickBooks Online?
QuickBooks Online is developed by Intuit, it is cloud based accounting software. QB online helps small and medium-sized businesses to handle bookkeeping, invoicing, payroll management, tax management and generate financial reports.
Because Intuit QuickBooks Online is a cloud-based software, you can access your data from anywhere at anytime with several devices. Many users can work simultaneously with the help of QB software. This QuickBooks online software is best for those business owners who want flexibility and real-time access with their bookkeeper and accountant.
Key features of QB Online:
- Intuit QuickBooks Online offers bookkeeping tools with which you can manage income, expenses, and financial records easily.
- You will have cloud-based access so that you can work from anywhere, access the data any time with any type of device, whether it’s a mobile, desktop, or tab.
- Synchronization of bank feed and credit card transactions can be done automatically.
- It categorizes and helps to tracks expenses, tracking income and time tracking in real time.
- QB Online can create, send, and customize invoices payment reminders.
- This helps you with payroll management and handles employee pay and taxes.
- It can make the preparation of taxes simple and generate a detailed tax report.
- You can do app integration and connect this with hundreds of popular business apps.
What Is QuickBooks Commerce?
QuickBooks Commerce, which is also known as TradeGecko, was designed for the management of inventory and orders. It can integrate with QuickBooks Online easily. This QB commerce was created for a product-based business. It is reliable and best for e-commerce stores and wholesalers, who need advanced tools for the management of inventory, tracking sales for multiple outlets, and automating order fulfillment.
With the help of QuickBooks Commerce, you can integrate your online store, track your stock level in real time. You can sync your sales and purchase data with your QuickBooks Online account.
Key Features of QuickBooks Commerce:
- It can manage products and stock across different online stores such as Amazon, Shopify, WooCommerce, and eBay.
- This QB commerce can handle all your customer orders from every sales channel at one place. You don’t have to switch platforms.
- You can create a online store where your customers can place orders.
- Your accounting data, inventory, and sales can automatically sync with QuickBooks Online.
Differences Between QuickBooks Commerce vs QuickBooks Online
Below are the differences between QuickBooks Commerce vs QuickBooks Online on the basis, so you can check.
| Basis | QuickBooks Online | QuickBooks Commerce |
| Main Function | Accounting and Bookkeeping | Order management and inventory management |
| Best For | This is best for service-based businesses, freelancers, and small businesses. | This is for product-based businesses, retailers, and wholesalers. |
| Inventory Tracking | QB Online has Basic Inventory tracking. | It has advanced (multi-warehouse, batch tracking) |
| Sales Channels | In QB, online sales channels are limited. | This can integrate with e-commerce platforms.1 |
| Reporting | It can create Financial reports, profit & loss, and balance sheet. | With this, you can analyze Inventory and sales. |
| Integration | Can integrate more than 650 third-party apps. | Focus on e-commerce and logistics. |
| Pricing | It starts from $30 per month. | Depends upon integration or add-on pricing varies. |
Reasons to Choose Between QuickBooks Commerce vs QuickBooks Online
Choosing any software between QuickBooks Commerce vs QuickBooks Online
is totally depends upon your business needs, and which type of business you run and operational needs.
Choose QuickBooks Online:
- If you are a service seller (consulting, design, construction, etc).
- You can go with this if you want better accounting and financial management.
- This is reliable for easy collaboration with your accountant and cloud access.
- Easy inventory tracking.
Choose QuickBooks Commerce:
- If your business is primarily a product-based business with physical goods.
- You have an e-commerce platform or retail channel for sales.
- Business needs advanced inventory tools, warehouse tracking, and an automatic process for orders.
- If you are an existing user of QB Online and want deeper inventory functionality.
Conclusion
We have compared and differentiated QuickBooks Commerce vs QuickBooks Online in the above information. You can decide which one is suitable for your business type and how you can manage your product and service. Both can help with financial management, inventory tracking, time tracking and etc.