Why Upgrade from QuickBooks Pro or Premier to Enterprise

You probably know by now that QuickBooks Pro and Premier will no longer be available for new users after July 31, 2024. For existing users, they may have the option to renew their licenses, but maybe it’s time to consider the benefits of upgrading to QuickBooks Enterprise. Enterprise offers a lot of flexibility and added features, as compared to Pro and Premier. 

In this article, we’ll explain why QuickBooks Enterprise is a great option for most businesses, including those who are currently using Pro and Premier. 

Advanced User Capacity

QuickBooks Enterprise offers advanced user capacity compared to Pro or Premier versions. As businesses expand, the need for multiple users accessing the system concurrently becomes critical. QuickBooks Enterprise supports up to 40 users, whereas Pro only supports up to three users and Premier lets you add up to five. This enhanced user capacity makes QuickBooks Enterprise ideal for businesses with multiple users.

Enhanced Data Capacity

As businesses grow, so does the volume of financial data. QuickBooks Enterprise surpasses Pro and Premier in its ability to handle larger data files. The increased data capacity ensures that businesses can continue to operate efficiently without facing performance bottlenecks. This becomes particularly crucial for enterprises with extensive transaction histories, inventory records, and customer databases.

Advanced Inventory Management

For businesses dealing with complex inventory management requirements, QuickBooks Enterprise offers advanced features that go beyond the capabilities of Pro or Premier. The Advanced Inventory module in QuickBooks Enterprise allows for more sophisticated tracking, control, and optimization of inventory. Features like serial or lot tracking, barcode scanning, and bin location tracking provide businesses with the tools they need to manage inventory intricacies effectively. This is especially beneficial for industries with diverse product lines, high SKU counts, and intricate supply chain processes.

Advanced Pricing Management

This feature helps businesses gain strategic control over their pricing structures. Users can set and manage multiple price levels for products or services, catering to different customer segments or business scenarios. This level of flexibility allows businesses to implement dynamic pricing strategies, respond to market changes, and optimize revenue streams with ease. 

See how Advanced Pricing in QuickBooks Enterprise helps you gain better control over your pricing structures. 

Setting up advanced price rules in QuickBooks Enterprise (Source: QuickBooks)

Industry-specific Features

QuickBooks Enterprise understands that different industries have unique requirements. This is where its industry-specific editions become crucial. Whether you’re in manufacturing, wholesale, retail, professional, or nonprofit, QuickBooks Enterprise offers tailored features to address industry-specific challenges. From specialized reports to custom workflows, these industry-specific editions ensure that businesses can leverage accounting software that aligns seamlessly with their needs.

Enhanced Reporting

Enterprise comes with enhanced reporting capabilities, helping businesses to gain deeper insights into their financial performance. The platform provides access to over 200 built-in reports, and its Advanced Reporting feature allows users to create customized reports tailored to their specific needs. This level of reporting flexibility is useful for businesses that require detailed financial analysis and insights to make informed strategic decisions. 

Sample advanced report in QuickBooks Enterprise (Source: QuickBooks)

Fixed Asset Management

For businesses with a significant investment in fixed assets, QuickBooks Enterprise offers a comprehensive solution for managing and tracking these assets. The Fixed Asset Manager allows users to record and monitor details such as acquisition cost, depreciation, and current value. This feature ensures accurate financial reporting by accounting for the depreciation of assets over time. Businesses can track the lifecycle of their fixed assets, make informed decisions about repairs or replacements, and maintain compliance with accounting standards.

QuickBooks Priority Circle

Users enrolled in Priority Circle often have access to a dedicated Customer Success Manager. This serves as a primary point of contact for the user, offering personalized assistance and guidance. Also, members receive faster response times when contacting QuickBooks support, helping in addressing queries, concerns, or issues more promptly.

Wrap Up

QuickBooks Enterprise is a great step up from Premier. It offers many useful features that can help you streamline the different aspects of your business. Whether it’s your first time considering QuickBooks Enterprise for your business or you’re an existing Pro and Premier user, investing in Enterprise is a significant investment for your company.