QBO

QBO refers to QuickBooks Online, a cloud-based accounting platform developed by Intuit. It is designed for small and midsize businesses to manage core bookkeeping tasks without on-premises software installation. QBO provides features for invoicing and expenses, bank feeds and reconciliation, and real-time financial reporting. Users can track income and spending, categorize transactions, prepare and file taxes, and manage payroll and payments through integrated or add-on services. Higher-tier plans offer inventory management, time tracking, project profitability, and more advanced reporting. The platform supports multi-currency where available, and can handle 1099 forms in appropriate regions.

QBO operates as a software-as-a-service product accessed via web browsers and mobile apps for iOS and Android. Data is hosted in the cloud by Intuit and synchronized across devices, enabling real-time collaboration among bookkeepers, accountants, and business owners. Security and compliance features include user role permissions, two-factor authentication, data encryption, and regular backups, subject to regional requirements and plan level.

Pricing and availability vary by country; versions exist for the United States, United Kingdom, Australia, and other markets. Plans are typically named Simple Start, Essentials, Plus, and Advanced in several regions, and can be augmented with payroll and payment services. QBO is often compared with other cloud-based accounting packages such as Xero and FreshBooks, and is a core product in Intuit's QuickBooks ecosystem. It is not designed to replace full ERP systems for large enterprises, but aims to streamline day-to-day financial management for smaller businesses.