How To Upgrade Or Downgrade Quickbooks Online Subscription

By Author: James Antonio
Total Articles: 2
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QuickBooks Online is an excellent tool for small business owners to manage their finances, invoicing, and accounting. It provides a range of features and plans to fit different business needs. However, as your business grows, your requirements may change, and you may need to upgrade or downgrade your QuickBooks Online subscription to better suit your needs. In this article, we will guide you through the process of upgrading or downgrading your QuickBooks Online subscription.

Before we begin, it's essential to understand the different QuickBooks Online subscription plans and what they offer. QuickBooks Online offers four subscription plans: Simple Start, Essentials, Plus, and Advanced.

1. Simple Start: This plan is suitable for small businesses that require basic bookkeeping and invoicing features. It allows you to track income and expenses, create invoices and estimates, and run basic reports.

2. Essentials: This plan is for small businesses that require more advanced features such as bill management and time tracking. It includes all the features of Simple Start, plus the ability to manage bills, track ...
... time, and manage multiple users.

3. Plus: This plan is suitable for small businesses that need inventory management and project profitability tracking. It includes all the features of Essentials, plus inventory tracking, project profitability tracking, and the ability to prepare and print 1099s.

4. Advanced: This plan is for growing businesses that require advanced reporting and support features. It includes all the features of Plus, plus advanced reporting, custom user permissions, and dedicated support.

Now that you understand the different QuickBooks Online plans let's dive into the process of upgrading or downgrading your subscription.

Upgrade Your QuickBooks Online Subscription

To upgrade your QuickBooks Online subscription, follow these steps:

Step 1: Sign in to your QuickBooks Online account and click on the Gear icon in the top right corner of the screen.
Step 2: Select Account and Settings from the drop-down menu.
Step 3: Click on the Billing and Subscription tab.
Step 4: Click on Upgrade Your Plan.
Step 5: Choose the plan that best fits your business needs and click on Upgrade.
Step 6: Confirm your payment details and click on Upgrade Your Plan.

Congratulations! You have successfully upgraded your QuickBooks Online subscription.

Downgrade QuickBooks Online Subscription

To downgrade your QuickBooks Online subscription, follow these steps:

Step 1: Sign in to your QuickBooks Online account and click on the Gear icon in the top right corner of the screen.
Step 2: Select Account and Settings from the drop-down menu.
Step 3: Click on the Billing and Subscription tab.
Step 4: Click on Switch to a Lower Plan.
Step 5: Choose the plan that best fits your business needs and click on Continue.
Step 6: Confirm the details of the new plan and click on Confirm Downgrade.

Please note that when you downgrade your subscription, you may lose some features that were available in your previous plan. Be sure to review the feature comparison chart to understand what features will be lost before you make the switch.

In conclusion, upgrading or downgrading your QuickBooks Online subscription is a simple process that can help you save money and access the features you need for your business. By following the steps outlined in this article, you can easily upgrade or downgrade your subscription to match your business needs.