While the Standard edition of QuickBooks Enterprise caters to most businesses, the program has customized versions for different industries, such as manufacturing and contracting. Thanks to its five industry-specific editions: Retail, Contractors, Manufacturing and Wholesaling, Professional, Services, and Nonprofit.
In this post, we’ll discuss the top industries that should QuickBooks Desktop Enterprise, and how these businesses can benefit from each industry-specific edition of QuickBooks Enterprise.
QuickBooks Desktop Enterprise has a specific edition for the large retail industry. The Retail edition offers robust reporting and inventory management that is integrated with QuickBooks POS and Shopify. In addition, it also comes with a sales order fulfillment worksheet that contains all the information you need from the order date down to the amount to fulfill. Other key features include a customized chart of accounts for the retail industry, advanced inventory, advanced pricing, and QuickBooks payroll to pay your retail employees.
The Retail edition also enables you to create and issue sales orders, manage and track vendor returns, and make inventory adjustments. If you need a cost-effective solution to manage your retail operations, while also having the ability to track financial information such as income and expenses and profit margins.
Contracting and Construction Industries
The QuickBooks Desktop Enterprise Contractor Edition is designed for contractors, construction companies, project-based businesses, and freelancers. It includes essential contractor-specific features, such as job costing, progress invoicing, and bill tracking. A unique feature is the Field Service Management module that allows contractors to dispatch technicians, track inventory, and create work orders from within the QuickBooks platform.
The Contractor edition comes with a job costing center which shows the most profitable and least profitable jobs. In terms of flexibility, this edition allows you to change orders and adjust existing estimates. On top of that, you can also customize billing rates based on hourly rates and services rendered. You can also generate additional 19 contractor reports that focus on job costing to determine project profitability. This edition of QuickBooks Desktop Enterprise also makes it easy for you to track hours worked, manage and track income and expenses, and generate multiple invoices from a single job.
If you need to track time, then we recommend getting QuickBooks Enterprise Diamond. It includes QuickBooks Time Elite, which helps you track the time worked by your employees.
Manufacturing and Wholesale
Manufacturing firms and wholesalers can use QuickBooks Desktop Enterprise’s Advanced Inventory and Advanced Pricing features to automate their workflows and boost their profitability. One of the best things about QuickBooks Enterprise is that you can assemble inventory builds without the need to adjust the inventory quantity manually. If you get QuickBooks Desktop Enterprise Platinum or Diamond, you will be able to manage and track inventory items in multiple locations and easily adjust pricing rules.
Available in Diamond, the Advanced Pricing module allows you to customize your prices for your customers based on certain conditions, like quantity, customer, items, and sales representatives. You can also add promotions, manufacturer markdowns, and quantity discounts.
Learn about the key features and benefits of QuickBooks Desktop Enterprise Diamond.
The QuickBooks Nonprofit Edition offers features exclusive to nonprofits, such as pledge management, donation management, product tracking, donor letter creation, and a default chart of accounts customized for nonprofit operations. In addition to the standard reports you can run in Enterprise, you can also create nonprofit-specific reports, such as biggest donors or grant reports, budget vs actual programs/projects reports, and statements of functional expenses. The nonprofit edition integrates with plenty of existing software to help you further improve its value for your organization.
This edition is ideal for businesses such as medical firms, engineering firms, architectural firms, legal firms, and other businesses that offer professional services. QuickBooks Professional Services Edition lets you create proposals and estimates and create invoices directly from the platform. You can set up customized billing rates for different types of employees and run industry-specific reports like billed vs proposal by project reports.