- Original Poster
- #1
Hi,
I'm about to start handling bookkeeping for a friend who is a VAT-registered sole trader currently using the Essentials plan on QuickBooks Online.
From what I can tell, he might be able to save money by downgrading to the Simple Start plan, as he doesn’t have employees or inventory. The only feature I’m unsure about is the "Manage Bills" option. I don't think he’ll need it, but could someone clarify? Specifically, will I still be able to record bill payments for his various suppliers? If that’s not possible, I assume I could still manage this with journal entries—would that be correct?
Just wanted to make sure I’m not overlooking anything before advising him to downgrade. Thanks for any guidance!
I'm about to start handling bookkeeping for a friend who is a VAT-registered sole trader currently using the Essentials plan on QuickBooks Online.
From what I can tell, he might be able to save money by downgrading to the Simple Start plan, as he doesn’t have employees or inventory. The only feature I’m unsure about is the "Manage Bills" option. I don't think he’ll need it, but could someone clarify? Specifically, will I still be able to record bill payments for his various suppliers? If that’s not possible, I assume I could still manage this with journal entries—would that be correct?
Just wanted to make sure I’m not overlooking anything before advising him to downgrade. Thanks for any guidance!
