Types of quickbooks programs

The majority of enterprises now prefer cloud-based QuickBooks because of its customizability, scalability and affordability. While QuickBooks Desktop Pro, Premier and Enterprise are primarily locally-installed programs, Intuit-authorized third-party cloud hosting service providers such as gotomyerp can host your QuickBooks Enterprise or Desktop on the cloud.

Choosing to get a third-party service provider to host QuickBooks Enterprise or Desktop on the cloud has significant advantages over QuickBooks Online. Eliminating server maintenance and software updates from your list of things to do will leave you with time to focus on the other important aspects of your enterprise. The type and size of your business has a major influence on which version of QuickBooks suits you best as each version is designed for a certain business type and size. Now you have a solid idea of what types of features, usability and functionality you can expect with each QuickBooks version.

Being an Intuit authorized QuickBooks hosting provider, gotomyerp promises unparalleled security, constant support and exemplary service uptime. Intuit understands that the business processes vary from enterprise to enterprise and industry to industry, which is why it offers its QuickBooks software in 3 main versions: QuickBooks Desktop Pro QuickBooks Premier QuickBooks Enterprise Each version has its own unique features and capabilities.

Suitable For QuickBooks Desktop Pro is suitable for medium to small sized businesses that require strong accounting functionality and a solid set of features. QuickBooks Premier QuickBooks Premier offers the same great accounting functionality as QuickBooks Pro, but offers more in terms of industry-specific features and users at a more affordable price than QuickBooks Enterprise. Suitable For QuickBooks premier is best for SMEs that have 5 or fewer users and need a robust industry-specific accounting program.

Features QuickBooks Premier has been optimized by Intuit to provide superior accounting functionality. This allocation is a requirement for calculating taxable income and very cumbersome to do by hand.

QuickBooks can also remind you to order inventory automatically when quantities are low. This report shows a list of your inventory products, quantity on hand, average cost, and their total value:. Perhaps the most important thing QuickBooks can do for your small business is to simplify tax time. By far, the largest headache in preparing a tax return is compiling your income and expenses. If you use QuickBooks during the year, all you need to do at tax time is print your financial statements.

Better yet, with QuickBooks Online, you can invite your tax preparer to access your account directly so they can review your numbers and print whatever information they need to prepare your return.

One of the best ways to improve your cash flow is to offer customers the option to pay their invoices online. You can add QuickBooks Payments formerly known as Intuit Merchant Services so that customers can pay online directly from their emailed invoice. QuickBooks Payments is similar to other merchant services.

Another key to making tax time a breeze is being able to organize your receipts in QuickBooks. All QuickBooks Online subscribers can download the QuickBooks app to their mobile device for free, take a picture of a receipt, and upload it to QuickBooks Online in just a few minutes—no more lost receipts or manually matching up receipts with downloaded banking transactions.

QuickBooks allows you to attach a receipt to the corresponding banking transaction. You can upload an unlimited number of receipts to QuickBooks Online; the receipts are stored in the cloud along with your data. This can be helpful for companies that track numerous expenses:. This provides a generous tax deduction of 56 cents per mile for QuickBooks Online makes this incredibly easy.

Then, you can review your trips and add a note with the purpose of each business trip. QuickBooks comes in both a cloud-based online program and a traditional desktop program. You can read about the pros and cons of each platform in our QuickBooks Online vs Desktop comparison. Most of the online and desktop versions will perform the tasks discussed above, but they come with a wide variety of advanced features and a wide range of prices.

QuickBooks Online allows you to access your data from any computer with an internet connection by using your secure login. Visit our QuickBooks Online comparison to learn more about the available versions. Each requires you to install software on your computer. QuickBooks Self-Employed is specifically for freelancers, while QuickBooks Online is a good fit for nearly any size business. QuickBooks Pro, Premier, Enterprise, and Mac are the best for users with existing accounting experience or who want a locally-installed option.

If a specific version of QuickBooks stood out to you, we recommend taking the software for a test run to make sure you love using it. Check out our picks for the top QuickBooks Online alternatives and the best QuickBooks Desktop alternatives to find your perfect small business accounting solution. Each QuickBooks version targets a different business type and size.

Currently, there are over 3. QuickBooks Online is better than QuickBooks Desktop if your business is looking for an easy accounting software with built-in-lending and mobile apps. Read our full QuickBooks Online vs Desktop comparison to learn more.

The other big difference between QuickBooks Pro and Premier is that QuickBooks Premier offer more features and reports for specific industries like construction, retail, manufacturing, nonprofits, and more. While Intuit is definitely pushing customers to choose QuickBooks Online, there is no evidence that QuickBooks Desktop is going away any time soon. However, the QuickBooks Desktop licenses have been discontinued, and users have to buy a yearly subscription now instead.

Need A Simple Accounting Solution? Start Trial. This easy-to-use and feature-rich software is ideal if you have no bookkeeping experience and want top-notch customer support. Get Started. Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser.

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The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services.

Check our help guide for more info. Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships , and we adhere to strict guidelines to preserve editorial integrity. Cons Occasionally unintuitive Customer support Potentially expensive. Cons No state tax support Unscalable. Cons Steep learning curve Limited users PC-only. Cons Steep learning curve PC-only. Pros Strong accounting Advanced features Advanced inventory Industry-specific features and reports Priority customer support.

Nonetheless, Plus has an advanced job costing capability, which is helpful for construction and contracting firms. If comparing estimated costs to actual job costs is critical to your business, check out Xero. Takeaway: Retailers and wholesalers should choose Plus so they can track the cost of inventory. Contractors should also choose Plus to track the profitability of individual projects. QuickBooks Advanced has many bells and whistles compared to QuickBooks Plus, but no additional features that are crucial to good bookkeeping.

In addition to allowing up to 25 users, Advanced removes the limitations on the number of classes, locations, and accounts imposed by Plus. This makes Advanced ideal for a business with a growing staff, especially considering the maximum number of users for QuickBooks Online Plus is only five. QuickBooks Online Advanced is also the only product with a dedicated success manager and free training for your entire staff.

As you can see, since the majority of the features added are more on expansion and customization rather than specific accounting features, the difference between Plus and Advanced is focused on customer support. QuickBooks Online Advanced users have access to Priority Circle membership that allows them to seek premium support from dedicated QuickBooks managers for technical issues as well as free training for team members:.

Case study results for QuickBooks Plus vs Advanced. The most likely limitation that will cause you to upgrade is requiring more than five full-access users. Unless you need support from dedicated managers and free training to help your team members familiarize themselves with new features, then you can stick with QuickBooks Online Plus.

The best QuickBooks Online version depends on the size of your business and your particular needs. Visit QuickBooks Online. Find Timothy On LinkedIn. Tim Yoder is a subject matter expert at Fit Small Business focusing on small business bookkeeping, accounting, and tax content.

He received his Ph. He most recently spent two years as the accountant at a commercial roofing company utilizing QuickBooks Desktop to compile financials, job cost, and run payroll.

Mark Calatrava has been working for Fit Small Business as a review writer specializing in accounting software since Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. Fit Small Business content and reviews are editorially independent. We may make money when you click on links to our partners. Learn More.