Announcing Upcoming Changes to QuickBooks 2025 Pricing: What You Need to Know

In the world of business, staying ahead of the curve with your accounting software is essential. As the tools you rely on evolve, so do the costs. QuickBooks, one of the most popular accounting solutions in the market, has announced upcoming changes to their pricing for 2025. As always, QB Advisors LLC is here to help you navigate these changes so that you can continue running your business smoothly without any surprises.

Here’s everything you need to know about the new pricing and how it will affect your QuickBooks subscription.

Why QuickBooks Is Raising Prices in 2025

QuickBooks has been a key player in the accounting world for many businesses, providing everything from tax filing to financial reporting and payroll management. The company, owned by Intuit, has decided to raise its prices for several of its products, including QuickBooks Online and QuickBooks Desktop, in 2025.

But why the price hike? The answer is simple. Intuit is investing in new features, updates, and improvements to its software to help businesses grow more efficiently in an increasingly digital world. These updates are aimed at making the platform more user-friendly, powerful, and AI-driven to meet the needs of modern businesses. With these changes, users will benefit from better tools, more automation, and an overall improved user experience.

What’s Changing? The 2025 QuickBooks Pricing Breakdown

Let's break down what you can expect in terms of pricing increases for QuickBooks in 2025. Whether you use QuickBooks Online or QuickBooks Desktop, these price changes will affect you.

QuickBooks Online Pricing Adjustments

For QuickBooks Online users, the pricing will see increases starting April 1, 2025. Below is the breakdown of the updated pricing for various subscription plans:

• QuickBooks Self-Employed:

  • Previous Price: $20/month

  • New Price: $25/month

  • What’s New: This plan is designed for freelancers and independent contractors. The $5 increase reflects added features for self-employed individuals.

• QuickBooks Simple Start:

  • Previous Price: $30/month

  • New Price: $35/month

  • What’s New: This is the entry-level plan for small businesses, now with additional automation tools and enhanced customer support.

• QuickBooks Essentials:

  • Previous Price: $60/month

  • New Price: $65/month

  • What’s New: This plan is for growing businesses and includes more customizable invoicing and bill management tools.

• QuickBooks Plus:

  • Previous Price: $90/month

  • New Price: $99/month

  • What’s New: The Plus plan sees the most upgrades, including better inventory tracking and more advanced reporting tools.

• QuickBooks Advanced:

  • Previous Price: $200/month

  • New Price: $235/month

  • What’s New: QuickBooks Advanced caters to large businesses with complex needs, now offering enhanced business intelligence tools and priority support.

For existing customers, the new pricing will take effect on May 1, 2025. It’s important to assess which plan works best for your business needs before the price changes occur.

QuickBooks Online Payroll Pricing Updates

Payroll services will also see price increases, set to take effect on October 1, 2024. Here's what to expect:

• Payroll Core:

  • Previous Price: $45/month + $6 per employee

  • New Price: $50/month + $6 per employee

  • What’s New: This plan is for businesses with basic payroll needs, and the price increase comes with added functionality in direct deposit and tax filing.

• Payroll Premium:

  • Previous Price: $80/month + $9 per employee

  • New Price: $85/month + $9 per employee

  • What’s New: Payroll Premium offers more advanced payroll features, including health benefits administration and compliance management tools.

• Payroll Elite:

  • Previous Price: $125/month + $11 per employee

  • New Price: $130/month + $11 per employee

  • What’s New: This plan provides the highest level of service, including same-day direct deposit and 24/7 expert support.

QuickBooks Desktop Pricing Changes

For those using QuickBooks Desktop, expect to see some significant price increases as well. Effective October 1, 2024, QuickBooks Desktop Pro Plus and Premier Plus will see major changes:

• QuickBooks Desktop Pro Plus:

  • Previous Price: $649/year

  • New Price: $999/year

  • What’s New: The Pro Plus plan will now come with upgraded features for ease of use and functionality, including cloud access and automatic backups.

• QuickBooks Desktop Premier Plus:

  • Previous Price: $949/year

  • New Price: $1,399/year

  • What’s New: The Premier Plus plan includes more in-depth reporting and industry-specific solutions, making it an ideal choice for growing businesses.

Intuit will also be discontinuing sales of new subscriptions for Desktop Pro Plus, Premier Plus, and Desktop Enhanced Payroll after September 30, 2024. If you’re using one of these products, it may be a good idea to consider upgrading or transitioning to QuickBooks Online.

How Will These Price Increases Affect You?

The price increases may come as a surprise, but they are part of Intuit’s commitment to enhancing the QuickBooks platform. The updates will provide more automation, better integrations, and a better overall user experience, which will benefit your business in the long run. Here’s what you should do:

1. Evaluate Your Current Plan: Check the features you’re using and assess whether you need to switch to a different plan that better suits your business's evolving needs.

2. Consider Transitioning to QuickBooks Online: If you’ve been using QuickBooks Desktop, this may be the right time to consider QuickBooks Online, which offers greater flexibility and cloud-based access.

3. Understand Your Payroll Needs: If you’re using QuickBooks Payroll, understand how the new pricing will affect you and if the upgraded features are worth the extra cost for your business.

4. Get Ready for the Change: With the pricing changes taking effect in 2025, now is the time to plan ahead, especially if you’re concerned about budget adjustments.

How QB Advisors LLC Can Help You

At QB Advisors LLC, we’re always ready to assist you in navigating these changes. Here’s how we can help:

• Consultation on QuickBooks Plans: We can guide you through the best QuickBooks plan options based on your business needs.

• Transitioning to New Plans: If you need help upgrading or switching your QuickBooks plan, we can make the transition smooth and hassle-free.

• Payroll Setup and Management: Let us help you set up or update your QuickBooks Payroll services so you’re fully compliant with the latest features.

• Long-Term Strategic Planning: We’ll work with you to align your accounting software and financial strategies with your long-term goals.

What You Can Do Now

While the new QuickBooks pricing may raise some concerns, it’s important to stay ahead of the changes and make sure you’re using the best tools for your business. Here are some quick action steps:

• Review Your QuickBooks Subscription: Take a look at your current subscription and decide if it's time to upgrade or change plans.

• Consult With QB Advisors LLC: If you need advice on how these changes impact your business, reach out to us for a consultation.

Stay Updated and Prepared for QuickBooks 2025

In conclusion, while price hikes can be a challenge, they also bring new features that can boost your business efficiency. At QB Advisors LLC, we’re here to ensure that your QuickBooks experience is as smooth and beneficial as possible. Keep up with the updates, plan ahead, and let us help you stay on track with the best solutions tailored for your business.

For more information and personalized advice on QuickBooks, don’t hesitate to reach out to our team today.