Whether you’re an existing QuickBooks user or you are still deciding which QuickBooks product to buy, then you should consider QuickBooks Desktop Enterprise. QuickBooks Enterprise is the most powerful QuickBooks accounting solution, and it offers notable features and benefits not available in the other QuickBooks products.
We’ve identified the top 9 unique advantages of QuickBooks Enterprise for your business.
- Increased User Capacity
QuickBooks Pro is limited to three users, while QuickBooks Premier maxes out at five. If you have a large accounting team and you need to provide access to up to 40 accounting users, then Enterprise is right for you. QuickBooks Enterprise Silver, Gold, and Platinum allow up to 30 users, while QuickBooks Enterprise extends to 40 users.
- Ability to Set up Multiple Companies
In addition to increased capacity, QuickBooks Enterprise lets you run multiple company files without having to pay additional fees. This feature comes in handy if you have multiple branches, offices, or locations. With other software like QuickBooks Online, you need to pay a separate subscription fee for each company. Also, unlike the other QuickBooks Desktop products, Enterprise 23.0 has a new feature for consolidating reports from multiple companies.
- More List Entries for Better Company Data Management
List entries in QuickBooks help you better track things, such as customers, vendors, services, and inventory items. QuickBooks Desktop Pro and Premier have some limitations to the number of entries for each list. For instance, you can only add up to 100,000 charts of accounts and 10,000 classes in Pro and Premier; whereas QuickBooks Enterprise lets you create up to 100,000 charts of accounts and 100,000 classes. If your company data is significantly growing, then you should consider QuickBooks Enterprise.
- Training and Educational Materials
QuickBooks Desktop Enterprise includes online training resources that you can access for free. You may find some online training resources for QuickBooks Pro and Premier, but they are not as extensive and useful as the training provided by Intuit. In fact, when you purchase QuickBooks from an authorized reseller like us, we will provide you with the full 88-page QuickBooks Enterprise In-Depth Guide so that you can quickly get up to speed with the program.
- Job Costing
QuickBooks Enter[perise is popular among service-based businesses because of its powerful job estimating tools. With Enterprise, you can create estimates, track billable time and expenses against estimates, and generate a detailed job costing reports that provide meaningful insight into your business. One of the biggest advantages of QuickBooks Desktop over QuickBooks Online is that you can compare estimated and actual project costs–which is an important feature for budgeting.
- Fixed Asset Management
QuickBooks Online and QuickBooks Desktop Pro and Premier don’t offer fixed asset management features. If your business requires the use of fixed assets, then you will appreciate Enterprise. It can help you record the purchase of a fixed asset, track fixed assets, calculate depreciation expenses, and record the sale of a fixed asset. Explore the 5 best features of QuickBooks Enterprise for contractors.
- Advanced Inventory
QuickBooks Enterprise is well-known for its Advanced Inventory module. When you subscribe to the Platinum or Diamond plan, you’ll get enhanced features, like barcode scanning and the ability to track inventory in multiple locations and bins. Multi-location inventory includes unique benefits, such as the ability to create specific re-order points that will alert you when it’s time to restock your shelf with new goods, transfer stock between locations, and create assemblies using parts from different locations. This makes QuickBooks Enterprise our best inventory management software.
- Advanced Pricing
If you need to customize your prices for different customers, then the Advanced Pricing module in the Platinum plan is right for you. It allows you to create customized price rules based on unique conditions around different factors, such as items, quantities, classes, customers, and sales representatives. You can also create discounts for some customers (i.e. family and friends and high-volume customers). Find out how you can gain increased control over your pricing structure with QuickBooks Enterprise’s Advanced Pricing module.
- Advanced Reporting
In addition to the standard QuickBooks reports, Enterprise allows you to create advanced reports, such as inventory stock by item, job profitability reports, sales by customers, and sales by item forecasting. You can also create custom-tailored reports for the following industries: manufacturing, wholesale, contractors, nonprofit, and professional service. Learn more about advanced reporting in QuickBooks Enterprise and how it benefits your business.