In current time it is imperative for small and medium sized businesses to keep a track of their expenses and revenue so that business will roll down to success. It has become essential to use accounting software for business of all industries. Now you have to decide that you require a customized program or a program like QuickBooks. QuickBooks developed and marketed by Intuit, offers so many benefits over customized software, but since there are so many versions of QuickBooks you need to verify your requirements and choose the right one for your business.
For a better understanding go through the significant benefits of QuickBooks Premier version out Pro and Enterprise version of QuickBooks.
QuickBooks Premier Version
The QuickBooks Premier version is especially designed on the higher end for large businesses which permits the business owners to track inventory, back orders, purchase orders, sales orders and create invoices. This version also grants permission to the users to create a company data file which can have up to 5 users and has a built-in, easy to access report which can be used to track financial data separately by profit center, department and location.
The upgrade to QB Premier software also gives provides competence to the user to choose from a General Business version as well as five different “Industry Versions” that comprise of Retail, Wholesale and Manufacturing, Non-Profit, Professional Services and Contractor Editions. Each specific version gives allows the user to approach to specific template reports that are geared specifically for that industry.
The other features supplemented to QuickBooks Premier Software are that it allows the user bill and track clients by time, date, product, or percentage completion. The software also gives the privilege to create and print deposit slips, and import data from previous versions of QuickBooks, such as Microsoft Office, Microsoft Excel, Quicken and many more.
Like the QuickBooks Pro, the Premier version of QuickBooks also comes with two pricing options:
- QuickBooks Premier (One-Time Payment) with standard options and
- QuickBooks Premier Plus (Annual Subscription) with support, additional features and upgrades
The main purpose of Intuit to develop QuickBooks Premier Application was for the settled and growing small businesses. QuickBooks Pro 2013 and QuickBooks Premier 2013 are the two retail versions offered by Intuit currently that can be categorized as accounting and tax software. It means the user do not require prior accounting knowledge to use either products.
Main Features of QuickBooks Premier Software
- QuickBooks Premier Version: QuickBooks Premier Version 2013 comprise of six industry-specific editions. They are as follows:
- QB Premier
- QB Premier Contractor
- QB Premier Professional Services
- QB Premier Retail
- QB Premier Manufacturing & Wholesale
- QB Premier Non-profit
The above mentioned Premier editions are designed for specific groups of users and it is featured accordingly.
- Business Architect: The QuickBooks Premier assists you in creating a complete business plan/design using the integrated Business Planner tool, which is a special feature in QB Premier only. The business plan created by QuickBooks Premier is based on the format that the U.S. Small Business Administration that is specially recommended for loan applications as proposed by Intuit. Also you can use the Business Planner tool graph the data to print reports such as profit and loss summaries, income and expense projections and balance sheet reports.
- Customized Business Reports: QuickBooks Premier Application comprises of more than 150 customized reports. It accords you industry-specific reports along with advanced reporting tools that have the capability to view customized sales and profitability reports. You can use QuickBooks Premier to run a cost-to-complete-job report, provide an exact estimated cost to complete a job along with over-the-estimate and under-the-estimate itemized lists to differentiate the runaway costs.
The Perks of QuickBooks Premier Version
- QuickBooks Premier gives 30 day of tech support directly from Intuit at no additional cost.
- Unit of measure, build assembly, inventory center
- Job costing: estimate to PO, change order tracking, view unbilled time and expense from 1 window, batch invoice time and expense
- Reporting: balance sheet by class, previous reconciliation reports, forecasting, business planner, industry specific reporting
- Billing rate levels
- Journal entries: create a reversing entry
- With QuickBooks Premier you purchase, you are limited to 5 users in the company data file at the same time.
- QuickBooks Premier data files eventually down and potentially have other issues and problems with them if they get into the 150 – 200 megabyte size range.
- Five concurrent users in data file
- Sales orders/back order tracking, current availability tracking, sales order to PO to invoice
- Price levels: per item, not just fixed percentage
- Filter sales order and purchase order reports based on current availability
- Closing date exception report
If you have any technical or functional query related to QuickBooks Premier Version report to QuickBooks Technical Support team. It has made a remarkable name in QuickBooks Consulting Industry. We roof Intuit certified QuickBooks experts who with their knowledge and experience accord right guidance and responsive assistance that takes your business to successful avenues. To know more about us visit our official website or contact us at +1 844 313 4861.