Top Five Features of QuickBooks Enterprise for Your Business

QuickBooks Desktop software is as an annual subscription that will auto-renew with your credit card on file, so there’s no service interruption. If you purchased Desktop software via retail, make sure to place your credit card on file for uninterrupted service. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. If you’re still unconvinced, be sure to check out The Ascent’s small business accounting reviews to learn more about some other great applications. But perhaps the biggest benefit of all is the availability of industry-specific editions for retailers, nonprofits, professional services, and manufacturing and wholesale businesses.

You can directly record a manual transaction easily, whether in cash or check. In this article, we will discuss what QuickBooks is and how it works so that you can understand the different ways in which it can help you save time and be on top of your financial statements. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Ask questions, get answers, and join our large community of QuickBooks users. Here’s what’s included in the QuickBooks Desktop 2021 release and how you can use them to benefit your business. Live Bookkeepers aren’t responsible for errors resulting from incorrect information that you provide, or if you re-open the books by overriding closure after a Live Bookkeeper completes the month-end closure.

  • Excel is a spreadsheet program that you can use for multiple functions like creating databases, project management and, yes, accounting.
  • QuickBooks dominates the market for small business accounting, and most professional bookkeepers use it for their small business clients.
  • Any mistake can be easily fixed on QuickBooks, however, if you get yourself set up incorrectly without realizing it, you could find yourself in a rabbit hole of confusion and errors.

QuickBooks is known for its customization, expense tracking, payroll management, and tax preparation. This is the reason small businesses often opt for QuickBooks over other cloud-based accounting software that performs similar functions. QuickBooks Online offers an incredible number of features and automations.

QuickBooks Payments makes it easier for you to accept online payments when you send invoices from within the app. QuickBooks is one of the most popular accounting software for small businesses in 2024. Receipt management makes entering your expense receipts easier and faster. You can give users access to upload expense receipts to QuickBooks using the mobile app or directly from your computer.

Power your business with productivity

The software must also have a mobile app to enable users to perform accounting tasks even when away from their laptops or desktops. Support network refers to a community of software users that can extend professional help to businesses. Having an independent software expert perform the bookkeeping is good for overall ease of use.

  • With QuickBooks, you’ll never have to worry about missing payments or worry about the chaos of bill tracking.
  • Best for small businesses looking for easy-to-use, cloud-based accounting software and strong mobile apps.
  • Unless you purchase the Enterprise plan, live telephone support is limited to chat.
  • Help us to improve by providing some feedback on your experience today.
  • While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe.
  • While Intuit is definitely pushing customers to choose QuickBooks Online, there is no evidence that QuickBooks Desktop is going away any time soon.

QuickBooks Online is a leader in the accounting industry with it being the bookkeeping software of choice for many accountants, certified public accountants (CPAs) and bookkeepers. When comparing it to other bookkeeping providers, such as FreshBooks and Xero, we note that all three have a 30-day free trial to test the system out. This is important to note since you’ll want to make sure that it is capable of doing what you need in a manner that you understand and can digest. QuickBooks Online made it to our Best Accounting Software for Small Business list because it is a comprehensive platform that checks all the boxes for accounting, invoicing and expense tracking.

Business stage

If the interface appears too crowded, you can choose to hide the vertical menu bar, expanding it only when you need access to a particular task. You can access help and support from any screen in QuickBooks Desktop, easily connecting to a variety of help and support options. Today, with QuickBooks Enterprise, small businesses can easily scale up to this very powerful edition of QuickBooks Desktop which supports up to 30 simultaneous system users. That’s not to say that small businesses will not eventually grow out of QuickBooks Desktop.

QuickBooks Pro

Premier may be a high price point for small businesses with more than one user, however, this is a perfect solution for bookkeepers who do accounting services for multiple companies. Generate profit and loss reports through the “Report Center” to get a snapshot of your accounts receivable, budgets, cash flow, etc. An income statement, showing your profit margin, allows you to see how well your business is doing and if costs need to be cut in certain areas. QuickBooks Pro, Premier, Enterprise, and Mac are the best for users with existing accounting experience or who want a locally-installed option.

Accountant access

Deciding which type of software works best for your business model can make your QuickBooks choice a whole lot easier. If you want cloud-based software, there’s QuickBooks Online and QuickBooks Self-Employed. If you want locally-installed software, you can take your pick from QuickBooks Pro, QuickBooks Premier, or QuickBooks Enterprise. Cloud-based reverse treasury stock method software operates entirely in the cloud (on the internet), whereas locally-installed software is downloaded and installed on a single, on-premise computer. We’ll also walk you through what questions to ask so that you can pinpoint the perfect QuickBooks software for your business and choose the right QuickBooks accounting solution with confidence.

For now, it is best to contact our QuickBooks Desktop Support Team so they can include you in the list of affected users. This way, they will be able to notify you as soon as any solution is available. All of this functionality though doesn’t necessarily mean it’s a time saver for you or your business. Eliminate tons of data entry and keeps your books up to date all the time. If you need help, support is available with answers to your questions and information on running your business. Instantly see how your business is performing with customizable reports and dashboards.

If not, QuickBooks Online is much more user-friendly, even for accounting newbies. The software is incredibly expensive, and for the price you’re paying, certain features — such as invoicing, project management, time tracking, and importing — are fairly limited. Apart from being expensive, the other thing with QuickBooks Enterprise is that it really isn’t an enterprise solution — it’s best for large businesses. While this isn’t a drawback necessarily, it’s important to keep in mind. Best for small businesses looking for easy-to-use, cloud-based accounting software and strong mobile apps. QuickBooks Online has four pricing tiers and offers 50% off for the first three months when you purchase.

QuickBooks includes all the bookkeeping, accounting, and financial management functionality, whereas Quicken Home & Business is more limited. Those completely unfamiliar with accounting may find using QuickBooks has a steep learning curve. If you’re fluent in other cloud-based applications, QuickBooks should be fairly simple.

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