Does anyone have experience with
Quickbooks Pro vs Premier
Answers
If you are worried about the cost of your
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.
2
If you're making up your mind about QuickBooks, you might want to read this free
"The Hidden Costs Of QuickBooks"
https://www.proformative.com/whitepapers/hidden-costs-quickbooks
Thank You for sharing this kind of amazing post.
Towards the end, we believe that the steps above might help in setting up email services in QuickBooks desktop.
quickbooks error 3371 | quickbooks pro 2015 windows 10 | set up email in quickbooks
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.
1
There is an audit report where you can see what JEs have been deleted by which user. It helps if you have multi users.
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.
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
QB is great, its just now we are at a
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.
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
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!
What information do you wish you had about your individual facilities or the enterprise as a whole?
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.
I have to disagree with the comment on QBO. It lacks a lot of features that the desktop version has. The only convenience is to have the ability to access it anywhere there is an internet connection. When a corporation like Intuit insists in moving its customers to QBO, is because paying that monthly fee is more profitable than upgrading every two or three years with the desktop version. Besides, there are options for accessing your data online without this cost and lack of features.
Many small business and Mid size owners, QuickBooks is a very popular choice for accounting software, but it’s just one choice they need to make. Which version should you get? Although many QuickBooks users find themselves gravitating to the online version of the product, some still prefer the desktop version of QuickBooks. QuickBooks Pro and QuickBooks Premier are both excellent products. for example: https://www.techarex.net/blog/quickbooks/quickbooks-premier-vs-pro-explained/
Hello all
I have recently retired from my full time position
In order to seek part time work for work life balance.
Having been involved for most of my career with small to midsize companies it seems QuickBooks is extremely useful to learn especially if I seek my own clients.
Does anyone have a recommendation of QuickBooks desktop versus QuickBooks online?
Basically what are most small and midsize companies using when they choose QuickBooks?
Thanks for your responses!
Kathleen
1
There are three significant difference between QuickBooks Pro and premier
1) QuickBooks pro supports 3 users, and QuickBooks Premier supports 5 users.
2) QuickBooks Premier offers multiple industry-specific versions while the pro version does not.
3) QuickBooks Premier has better reporting, especially for inventory and contracting purposes.
On the other hand, QuickBooks premier is expensive as compared to QuickBooks Pro. If you feel that these differences are worth the money you pay, you should move to QuickBooks premier, but if not, you should stay back to QuickBooks Pro.
QuickBooks is indeed a good product when it comes to the accounting industry. I believe you should switch to Premier. If you are feeling it costly in your budget, Why not outsource your work to someone who has the latest technology in the accounting industry in your budget?
You can google uk accounting firms in India and choose the relevant firm according to your needs.
Hi,
As per your query, the difference in QuickBooks Pro and Premier lies in the ability to support the number of licenses, industry-specific features offered, and reporting features.
QuickBooks Pro offers support for three user licenses, whereas QuickBooks Premier offers compatibility for five user licenses.
The QB Premier version provides a different set of features customized as per the specific industry, but QB Pro doesn't.
As for the reporting, QB Premier offers the following- balance sheet by class, previous reconciliation reports, forecasting, business planner, and industry-specific reporting.
Depending upon your needs, if you feel you need these specifications, you should upgrade to the Premier version.
You can also check out this detailed comparison between QB Pro and QB Premier for an informed decision
https://www.acecloudhosting.com/blog/quickbooks-pro-vs-quickbooks-premier-guide/.
I hope this helps.
One of the biggest differences between QuickBooks Pro and QuickBooks Premier is its inventory management feature. While you can easily track inventory in QuickBooks Pro, if you sell products on a regular basis it's best to opt for QuickBooks Premier.
Filed Under:
Technology