20 Reasons to Use QuickBooks Desktop Enterprise

QuickBooks Enterprise offers more features and benefits than any other version of QuickBooks Desktop. We’ve identified 20 reasons to use QuickBooks Desktop Enterprise for your business. 

1. Scalability: QuickBooks Enterprise can support up to 40 users (Diamond), making it a great choice for businesses of any size. Premier only allows you to add up to five users. If you need help deciding which Enterprise plan is right for you, head to our guide on choosing the best QuickBooks Enterprise version.
2. Advanced inventory management: Enterprise includes advanced inventory features, including: 

• Barcoding: You can use barcodes to track inventory. You can print barcode labels and scan them to update inventory levels automatically.
• Serial and lot tracking: Enterprise lets you track inventory by serial or lot number. You can track items from the time they are received to the time they are sold, making it easier to manage recalls and warranties.
• FIFO costing: QuickBooks Enterprise uses first-in, first-out (FIFO) costing to help you accurately value your inventory. This means that the cost of the oldest items in inventory is used to calculate the cost of goods sold, which can help you avoid overvaluing or undervaluing your inventory.
• Multi-location inventory tracking: QuickBooks Enterprise allows you to track inventory across multiple locations. You can transfer inventory between locations and track stock levels in real-time.
• Advanced Pricing: QuickBooks Enterprise lets you set up advanced pricing rules based on quantity, price levels, and customer types. You can also create promotions and discounts to help boost sales.
• Assembly and kit items: QuickBooks Enterprise allows you to create assembly and kit items, which are made up of other inventory items. This can help you manage complex products and assemblies more easily.
• Bin location tracking: QuickBooks Enterprise lets you track inventory by bin location. You can set up different bin locations for different products, making it easier to locate items and manage stock levels.
• Inventory assembly: You can build finished products from raw materials, track costs, and adjust inventory quantities.

Learn more about advanced inventory in QuickBooks Enterprise.

3. Customizable reporting: You can create custom reports and dashboards to get a detailed view of your business finances. You can run reports based on the unique needs of your industry. For instance, contractors can generate a report on sales by city, job, and type to see how different customers, cities, and job types perform together. Explore the top 5 industry-specific reports for contractors.
4. Payroll: Enterprise lets you use Enhanced Payroll or Assisted Payroll for free. Enhanced Payroll in Gold and Platinum allows you to pay employees by checks and direct deposits, file payroll taxes, and print W-2 forms. If you want assisted tax filing service, you must upgrade to QuickBooks Enterprise Diamond. 
5. Industry-specific editions: Just like Premier, Enterprise has industry-specific editions for manufacturing and wholesale, nonprofit, and retail businesses.
6. Mobile app: Enterprise has a mobile app that lets you enter bills, track mileage, and scan expense receipts from your smartphone. This makes it a great option for business owners who are always on the go.
7. Multi-currency support: You can track transactions in multiple currencies and convert foreign transactions into your home currency.
8. Custom fields: You can add custom fields to forms, reports, and lists to track specific information about your business, giving you more flexibility and meaningful insights for decision-making.
9. Job costing: You can track job costs, create estimates, and invoice customers based on the progress of the job. One thing that makes it unique from QuickBooks Online is that it allows you to compare estimated and actual costs, which is important for supervisors and project managers. 
10. Fixed asset management: You can track the value and depreciation of fixed assets and generate reports for tax purposes. Learn more about this feature in our article about Enterprise’s fixed asset management feature.
11. Purchase & sales  order management: You can create purchase orders, track inventory receipts, and match them to vendor bills. Also, you can generate sales orders, track customer orders, and invoice customers based on the fulfillment of the order.
12. Customizable chart of accounts: You can customize your chart of accounts to match your business needs.
13. Batch invoicing: You can create and send multiple invoices at once, saving time and reducing errors. 
14. Customer and vendor centers: You can manage customer and vendor information in one place, including contact information, transaction history, and balances.
15. QuickBooks Payments: You can process credit card payments directly from QuickBooks Enterprise.
16. Time tracking: When you upgrade to Enterprise Diamond, you’ll be able to use QuickBooks Time to track employee time. Learn more about QuickBooks Time’s features and benefits.
17. Automated workflows: You can automate routine tasks and workflows, such as sending invoices and payment reminders.
18. User permissions: You can set user permissions to control access to sensitive data and functions. This means only authorized people can access certain data within your organization. 
19. Data backup and recovery: QuickBooks Desktop Enterprise includes data backup and recovery features to protect your data.
20. Integration with other software: Enterprise can integrate with other software, such as Microsoft Excel, to streamline your business processes.