How Many Versions of QuickBooks Enterprise Are Available?

QuickBooks Enterprise is a powerful and versatile accounting software designed to cater to the needs of medium to large-sized businesses. It offers a comprehensive set of tools and features to manage various financial and operational aspects of a business. One of the standout features of QuickBooks Enterprise is the availability of multiple versions tailored to meet the specific needs of different industries and business requirements. 

Let’s explore the different versions of QuickBooks Enterprise available, their features, and how they can benefit your business.

QuickBooks Enterprise Silver

The QuickBooks Enterprise Silver edition is the entry-level version of the Enterprise suite. It includes the core accounting features and functionalities necessary for most businesses. Some of the key features of the Silver edition include:

• Advanced Reporting: Allows users to create custom reports tailored to their business needs.
• Priority Circle Membership: Provides access to dedicated account managers and round-the-clock support.
• Enhanced Payroll: Streamlines the payroll process, ensuring accurate and timely payments to employees.
• Inventory Management: Offers advanced inventory tracking and management capabilities, including FIFO (First-In, First-Out) costing.

The Silver edition is ideal for businesses that require robust accounting and financial management tools but do not need the advanced features offered in higher editions.

QuickBooks Enterprise Gold

The QuickBooks Enterprise Gold edition builds on the features of the Silver edition and adds several additional tools and functionalities. The key features of the Gold edition include:

• All Silver Edition Features: Includes all the features available in the Silver edition.
• Enhanced Payroll: Integrated payroll processing with no additional fees, including automatic tax calculations and direct deposit.
• Advanced Pricing: Allows users to set up custom pricing rules and automate pricing based on various criteria such as customer type, quantity, and item.

The Gold edition is suitable for businesses that need comprehensive payroll management and advanced pricing capabilities in addition to the core accounting features.

Check out our Silver vs Gold comparison for more information.

QuickBooks Enterprise Platinum

The QuickBooks Enterprise Platinum edition is a step up from the Gold edition and offers even more advanced features to help businesses manage their operations more efficiently. The key features of the Platinum edition include:

• All Gold Edition Features: Includes all the features available in the Gold edition.
• Advanced Inventory: Provides tools for tracking inventory in multiple locations, managing lot and serial numbers, and automating inventory processes.
• Advanced Pricing: Enhanced pricing features that allow for more complex pricing rules and automation.

The Platinum edition is ideal for businesses that require advanced inventory management and pricing capabilities to streamline their operations and improve efficiency.

QuickBooks Enterprise Diamond

The QuickBooks Enterprise Diamond edition is the most comprehensive and feature-rich version of the Enterprise suite. It includes all the features of the Platinum edition and adds several additional tools and services. The key features of the Diamond edition include:

• All Platinum Edition Features: Includes all the features available in the Platinum edition.
• Assisted Payroll: Full-service payroll processing with tax filing and payment services included.
• QuickBooks Time Elite: Time tracking and scheduling tool to manage employee hours and streamline payroll processes.
• Salesforce CRM Connector: Integration with Salesforce CRM to manage customer relationships and sales processes more effectively.

The Diamond edition is designed for businesses that require the highest level of functionality and support, including advanced payroll services, time tracking, and CRM integration.

See our Diamond vs Platinum comparison to see which is better for you.

Industry-Specific Versions of QuickBooks Enterprise

In addition to the standard versions of QuickBooks Enterprise, there are also industry-specific versions tailored to meet the unique needs of different industries. These versions include customized features and reports designed to address the specific requirements of each industry. The available industry-specific versions include:

• Contractor: Features tools for managing job costs, tracking labor costs, and handling change orders and estimates.
• Manufacturing and Wholesale: Offers features for managing inventory, tracking raw materials, and monitoring the production process.
• Nonprofit: Includes tools for managing donations, tracking grants, and generating nonprofit-specific reports.
• Retail: Provides features for managing sales, tracking inventory, and handling customer orders and returns.
• Professional Services: Offers tools for tracking billable hours, managing projects, and invoicing clients.
• Accountant: Designed for accounting professionals, includes tools for managing multiple clients and generating detailed financial reports.

These industry-specific versions ensure that businesses have access to the tools and features they need to manage their operations effectively and efficiently.

Choosing the Right Version for Your Business

Selecting the right version of QuickBooks Enterprise for your business depends on your specific needs and requirements. Consider the following factors when choosing the right version:

• Business Size: Larger businesses with more complex operations may benefit from the advanced features offered in the Platinum or Diamond editions.
• Industry: If your business operates in a specific industry, consider choosing an industry-specific version to take advantage of the customized features and reports.
• Feature Requirements: Determine which features are essential for your business and choose the version that includes those features. For example, if advanced inventory management is crucial, the Platinum edition may be the best choice.
• Budget: Consider your budget when choosing the right version. While the Diamond edition offers the most comprehensive set of features, it may not be necessary for all businesses.

To help you decide, we prepared a guide on how to select the best QuickBooks Enterprise version.

How to Upgrade or Switch Versions

If you are already using QuickBooks Enterprise and want to upgrade to a higher version or switch to an industry-specific version, the process is straightforward. QuickBooks Enterprise allows users to upgrade their software seamlessly without losing any data. You can contact QuickBooks support or work with a QuickBooks reseller to assist with the upgrade process and ensure a smooth transition.

Conclusion

QuickBooks Enterprise offers multiple versions tailored to meet the diverse needs of businesses across various industries. Whether you need basic accounting features, advanced inventory management, or industry-specific tools, there is a version of QuickBooks Enterprise that can meet your requirements. By understanding the features and benefits of each version, you can choose the right one to help your business thrive.

If you are ready to get started with any version of QuickBooks Enterprise, Paygration is here to help. We can set up the software for you, provide free consultations, and offer ongoing support to ensure you get the most out of your investment. Contact us at 866-949-7267 or click the link below to get started.