Quickbooks Pro vs Premier

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Quickbooks Pro vs PremierDoes anyone have experience with Quickbooks Pro vs Premier? We use Pro and were thinking of upgrading, but it seems expensive for the better reports, budgeting, forecasting, etc. Or, maybe something else altogether would be better. We have a small chain of self-storage facilities.

Editor's Note: For more on the capabilities of QuickBooks, Proformative offers this  webinar titled, "Keys to Successfully Outgrowing QuickBooks and Manual Processes"

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If you are worried about the cost of your accounting system software then you are not worried about the cost of lack of information and ease of processing. That is my philosophical comment.

If you have multiple locations then you should consider QuickBooks Online and/or Quickbooks Enterprise Solutions. Use the Chrome browser as QBO is meant to work best with Chrome.

Many small companies are opting to move over to QBO Plus because of the features it has that the desktop versions do not.

There are many apps that integrate with QBO that will lead to fuller featured experience than the desktop version and you can still get the full value out of Bill.com to elimate most of the AP coding hassles.

Advanced inventory can be added with the app called SOSInventory, see sosinventory.com (can do fifo, lifo, avg cost).

If you manufacture QBO might not be right for you. There are still industry verticals that desktop or enterprise serve better than the online version.

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The real issue might be that one has moved beyond QB. In fact, I found this interesting white paper on the issue of

"Moving Beyond QuickBooks:"

http://www.proformative.com/whitepapers/netsuite-success-kit-moving-beyond

You might also be interested in this other free white paper titled...

"Cloud ERP and Accounting: Selection and Planning Guide:"

http://www.proformative.com/whitepapers/cloud-erp-accounting-selection-planning-guide

Also, "When Is The Right Time To Graduate From QuickBooks:"

http://www.proformative.com/whitepapers/when-right-time-graduate-quickbooks

Finally, you might also want to take a look at
"The Proformative Accounting Resources Guide:"

http://www.proformative.com/whitepapers/proformative-community-guide-erp-selection-implementation

Enjoy!

Best... Sarah

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I don't think there is a huge difference between pro and premier. Are there specific reports your are looking for?
In my opinion Quick Books is only viable for a one man accounting department. As soon as you have more than one person the issue of deleting transactions is always an question in my mind. It seems that everyone is moving to the cloud these days. I would suggest that you look at Sage software products and Net Suite.

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There is an audit report where you can see what JEs have been deleted by which user. It helps if you have multi users.

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I am a QuickBooks ProAdvisor (amongst others). There are a fair bit of differences between the two. The reasons for picking Premier over Pro are:
- Build inventory Assemblies
- Create & track sales orders and backorders
- Track current availability and not just quantity on hand
- Use price levels based on "per item" prices
- Create sales orders or purchase orders from estimates
- Create Bill of Materials for inventory assemblies
- Billing rate levels
- View unbilled Time & expenses from one window
- View or Print past bank reconciliations (this in my view is a critical requirement)
- Export report templates
- Forecasting, business planning (still not great at all)
- Convert units of measure
- Easily create reversing Journal Entries (very important)

For the increased functionality and lists I normally try get QB clients onto Premier - it just makes our life easier (in 2 hours or less you have saved the cost differential).

Intuit has released an updated QB Online 2013 that I have not looked at yet (my partner has some clients on it) but as of 6 months ago (2012) it was just not good enough to do any power stuff. The sheer clunkiness of the system was just too frustrating for all.

Other solutions mentioned include SAGE or NetSuite but these are significantly more expensive. Recent client experiences NetSuite $100k - $150k and SAGE is $25-$50k. Intacct is cheaper but has no manufacturing capacity.

If price is really a concern then look to FreshBooks or similar for plain vanilla, invoice/AR/AP activities.

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Sometimes its important to a business to have the same look and feel of their accounting system as they upgrade and Quickbooks does a wonderful job of maintaining the user experience to reduce training costs. It is natural to move from pro to premier.

QB is great, its just now we are at a technology crossroads and there are so many more options available.

Efficiency is the name of the game. Even if you are one person you can still achieve great control and efficiency. One of the little discussed benefits of the cloud is integration of several low cost amazing apps that essentially put your accounting on remote control.

If you are using Pro now but you want to see if there are greater reporting capabilities, you might want to look at Xero, which is a cloud based Single-Ledger accounting system, priced below QBO with some very nice apps that extend the functionality.

Intacct is a great single-ledger style accounting experience offering the prospects of outsourcing your full accounting department to a Client Accounting Services provider. Intacct is able to scale to enterprise level.

I would be happy to discuss more, offer you access to various contacts if that is your desire. I would love to introduce you to the options. Besides it would be good practice for me as I build my own value proposition in my business also.

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Thanks for the analysis Mark and Valerie. My business has grown and I have moved from pro to premiere (after a 6 month foray into SAGE).
The main advantage to me was, as Valerie said, the sameness of the system from one level to the next. You never have to learn something completely new, you just add on features and capabilities. It is quick and easy to move up.
I am very happy and feel very much in control. I use the system with my operations manager.

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We use Intacct and find that it was a necessary step forward from Quickbooks, however we were on the one user Pro version so I cannot speak to how Premier or QBO compare.

I think Valerie highlights a good point - nowadays there are a lot of apps that integrate with your base ERM system to achieve the desired results. If maintaining the look and feel of QB is what you want, stay with QB. One of the deciding factors in going with Intacct was it's off the shelf integration with our CRM system and revrec automated off of the invoicing.

I think any system decision should focus on the core/critical processes you require and then expand outward from there.

In Intacct's user community there are aspects of QB that users pine for. I'll give you an example - combining vendor records under one name and retaining the full history under the surviving name. I think you could do this with G/L accounts too. That was handy, and you have to give QB major points for ease-of-use. It took me 6 months to feel comfortable using SAP. It took me less than 3 weeks to feel comfortable using QB!

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What information do you wish you had about your individual facilities or the enterprise as a whole?

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On the manufacturing side, may want to look into FishBowl Inventory out of Provo UT, which was designed to integrate with the US version of QB ... not sure if that includes Enterprise.

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