QuickBooks is financial accounting software that initially started out as an accounting tool for small to mid-scale industries but, it has proved to be competent for big corporations as well. After capturing 80% of the worldwide market while harboring a base of 29 million users, it has become a force to be reckoned with. As its popularity grew, so did its user’s demands for specific requirements with the software. Consequently, Inuit developed 4 editions of QuickBooks Desktop to fulfill those demands, which are namely:
- QuickBooks Pro
- QB Premier
- QuickBooks Enterprise
- QuickBooks Accountant
The objective of this article is to Compare QuickBooks desktop versions and provide you with a good idea of which rendition to go for.
Comparison QuickBooks Desktop Version-
To begin with the QuickBooks version comparison, we start off with the analysis of the QuickBooks Pro edition.
QuickBooks Pro is generally used by small & mid-sized businesses that generate annual revenue of up to $1 million. This version is a good fit for organizations that have the employee strength of fewer than 20 workers. As a result, this version is used by those businesses that have to deal with a very moderate amount of financial data. Particularly, this version can be availed by 3 users at a time.
The price of this version is $299.95 and comes in two categories:
Pro: You can purchase this one-time version for free, and it comes with 30 days of tech support.
Pro Plus: This has the same price range as Pro, the only difference is that it has an annual subscription plan for which you will be provided with unlimited tech support.
It can only support 3 users. In addition to this, up to two additional licenses can be purchased for $250 per license. However, If you require more than three users, you can purchase QuickBooks Premier, which supports up to five users.
The following are the features of QuickBooks Pro:
- It can generate up to 100 financial reports
- Manage sales tax, inventory, and multiple currencies
- It offers maximum support for 3 users
- Generate estimates, invoices and purchase orders
- Management of accounts receivable & accounts payable
Out of all the versions of QuickBooks desktop, pro is the least expensive one. Moreover, It’s a great tool for entrepreneurs who are starting out and have a very limited number of employees working under them.
This version is not an ideal tool for manufacturing business, as it is limited to only 3 users. You can only generate sales orders with this version.
QuickBooks Premier is generally used by medium-sized businesses that are looking for accounting functions similar to that of QuickBooks Pro, but with a software that can support more users and provide industry-specific features.
You can purchase this version for $499.95 a this too comes with two categories:
Premier: This category comes with 30 days of tech support
Premier Plus: The price for this version is the same as Premier but, you have to pay an annual subscription which equips you with unlimited tech support.
It can support up to 5 users. Four additional licenses can be purchased at approximately $350 per license.
The following are its features:
- It assists you in tracking multiple units of measure
- Generate sales orders & price levels
- Analyze past bank reconciliation reports
- Run a balance sheet report by department & location
- Export report templates & import into another QuickBooks company files
- Forecasting & business planning
- More than 150 reports, including industry-specific reports
This version can support up to 5 users and is able to fulfill the requirements of manufacturing and wholesale industries.
It is unable to store massive amounts of data. The other disadvantage is that it is unable to perform parent and subsidiary reporting.
QuickBooks Enterprise offers great accounting functions that are similar to that of Pro and Premier. Moreover, it also has the feature of supporting up to 30 users and comes with much more storage space.
QuickBooks Enterprise features three annual Quickbooks subscriptions: Silver (starts at $1,100/yr), Gold (starts at $1430/yr), and Platinum (starts at $1,760). Additionally, you can purchase up to 30 licenses. Also, the package offers unlimited support that is available 24/7.
The following are the features of QuickBooks Enterprise:
- More transactions
- Faster processing
- Reporting for parent and subsidiary companies
- QB Accountant Desktop tools for reviewing client data and sending journal entries back to the client
- Granular user permissions
- Multiple location tracking & reporting
- Mobile Inventory barcode scanning
- In brief, more than 150 preconfigured industry reports and tools for creating customized financial statements
It can support up to 30 users and equips its users with unlimited 24/7 tech support. Perfect for mid to large scale industries that generate an annual income of more than $1 million.
The software is quite expensive. Also, certain features like importing, project management, invoicing, time tracking, and are quite minimal.
QuickBooks Accountant offers you with all of the functions of QuickBooks Pro, Premier, and Enterprise. It has an Accountant’s Toolbox, which can be used to make journal entries, dive into the trial balance and troubleshoot inventory.
The following are the features of QuickBooks Accountant:
- Client data review
- Open two companies at the same time
- Batch enter transactions
- Manage fixed assets
- Run a working trial balance report
- Batch void & delete transactions
- Toggle to other editions of QuickBooks like Pro and Premier industry-specific editions
It mainly consists of two packages: The Deluxe Version ($349 yearly) and the Premium Version ($549 yearly).
You get the best of QuickBooks Pro, Premier, and Enterprise. Moreover, it offers many features that make the management of accounting responsibilities a breeze.
The software doesn’t include payroll functionality. This feature will cost you an extra $307.50 per year. It can only support 5 users at once.
We hope this article provided you with a better understanding of all the versions
However, it’s impossible to declare one version as the topmost entity. The importance of each version depends on the needs of the user. Furthermore, If you have any further inquiries about the topic, contact the QuickBooks Desktop Support Phone Number at +1-805-257-5030.