Thursday, December 12, 2013

QuickBooks Vs. QuickBooks Enterprise

Christina Ash for Demand Media writes: Intuit QuickBooks is a suite of programs for the financial management of businesses. QuickBooks software is designed to make the processes of invoicing, bookkeeping and billing straightforward for the business owner. Different versions of QuickBooks are aimed at businesses in different stages of growth and size, and most are designed to run on your desktop computer.Enterprise Solutions is the most flexible of all the QuickBooks versions.


QuickBooks Versions

Intuit markets several versions of its QuickBooks software. QuickBooks Pro is the base version, designed to run on Windows PCs. QuickBooks Mac is the same software but for Mac computer users. Both these versions are for businesses that are up and running, enabling you to organize all your business finances in one place and to record all your transactions. QuickBooks Premier is for established businesses that are expanding and contains specialized tools for various types of businesses, as well as business forecasting and planning tools. The most flexible version of QuickBooks software is QuickBooks Enterprise Solutions. Designed for businesses that need customized reporting and control over user access, you can also use Enterprise Solutions to manage your inventory. There's also QuickBooks Online, with three levels, which you run and store your business data online for a monthly fee.

QuickBooks Pro and Premier

QuickBooks Pro and Premier allow up to three and five simultaneous users respectively. Both are for businesses with fewer than 14,500 inventory items and a maximum of 10,000 accounts. Both versions have the same small selection of productivity tools, including calendar views and scanning and attaching business documents to QuickBooks records. The reports and analysis tools in Pro and Premier cover business basics but don’t let you customize reports. The inventory tracking tools are similar in both versions, with Premier keeping all your inventory items and reports in one place. Tracking expenses in QuickBooks Pro is available along with printing checks and paying bills; Premier has additional functionality to generate purchase orders from sales orders and estimates.

QuickBooks Enterprise Solutions

The Enterprise Solutions version of QuickBooks is designed for businesses that need access for a larger number of simultaneous users, up to 30, and have up to 100,000 inventory items, vendors and customers that need to be tracked. One of the main differences between Enterprise Solutions and the other QuickBooks versions is in its extensive inventory management tools. You can track inventory through multiple warehouses down to the bin location level, and can scan items and serial numbers directly into QuickBooks. Other advantages are the features enabling the creation of custom reports and professional financial statements. Enterprise Solutions also allows you to define individual user access to all the activities, lists and reports.

The Best Version for You

QuickBooks Pro is designed for new businesses that are up and running, and Premier provides a little more functionality and a few more tools. If your business has outgrown these versions, consider QuickBooks Enterprise Solutions. Intuit recommends that you upgrade to QuickBooks Enterprise Solutions if you need more than five simultaneous users and you want more control over what your users can do in QuickBooks. The Enterprise Solutions version is also suitable if you have a large number of transactions or carry a large inventory that you need to manage and track. If you have unique business requirements for financial reporting, Enterprise Solutions enables you to develop custom analyses and reporting, as well as gives you custom data fields to use in various transactions.

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