Audience
Small enterprises looking for an all-inclusive accounting software
About QuickBooks Desktop Premier
Tailor-made for your business. QuickBooks Desktop Premier automates everyday tasks, so you can focus on your business. Improved bank feeds. Now save even more time by automatically categorizing bank transactions with improved matching for payees, accounts, and classes. Use enhanced rules and batch editing to limit data entry, and quickly review and resolve discrepancies. Fulfill the industry-specific needs of your business. Easily manage inventory items. Quickly locate items and complete inventory related tasks all in one place using the Inventory Center in QuickBooks. Track your balance sheet by class. Use this built-in, easy-to-access report to track financial data separately by location, department, or profit center. Bill clients progressively by job phase. Track and bill clients by time and material, job phase, or percentage completion, whatever works best for your unique business. Our cloud-based subscription service makes accounting easy.
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Reviews
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Pros: Our company has used Quickbooks Online, Quickbooks Pro, and QB Premier. We do prefer premier, as it most resembles the setup of the Pro version, and there is no monthly cost unless you pay for additional services, i.e payroll. Premier is fairly user friendly and flexible in what type of business it is most effective for. There are industry specific features built into Premier, where Pro did not have as much. Also, Pro had more limited reports available for our business (home owner finance/real estate).
Cons: Premier (like any software) has its limitations, especially for use with our particular industry. Regular real estate is perfectly straight forward to set up in QB Premier, but home owner finance (under contract for deed) is quite different and more challenging. In our office, we "repossess" homes every year, due to nonpayment or breech of contract. When this happens, if you are not very familiar with accounting, it is difficult to "clear" a balance owed. Additionally, we have loans that mature and are modified every 3 or 5 years, which requires special actions to modify correctly in QB due to limited loan setting options.
Overall: Overall, Premier appears to be the most appropriate for our complex business tracking and forecasting but it does take help from our accountant to deal with those issues addressed above.
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