Quickbooks pro vs premier 2020. QuickBooks Pro vs. Premier: What’s the Difference?

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
QuickBooks Desktop Pro Plus and Premier Plus are both powerful accounting software solutions that you purchase annually and install locally. Compare QuickBooks Desktop Pro , QuickBooks Premier , and QuickBooks Enterprise Find the right QuickBooks Desktop product for your business.
 
 

QuickBooks Pro vs Premier vs Enterprise vs Accountant – QuickBooks Premier

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Small Business. Used by more than 1. Read on to see which of these two popular applications is best for you. QuickBooks Pro and QuickBooks Premier are simply two versions of the same core application, with QuickBooks Premier adding additional functionality while maintaining all of the features found in the Pro application.

Both editions offer all of the bookkeeping basics your small business needs, with QuickBooks Premier offering more industry-specific features. QuickBooks Pro is a great entry-level small business accounting application that is rich in features and an ideal solution for sole proprietors and small business owners. QuickBooks Pro supports up to three simultaneous users. QuickBooks Premier is better suited for growing businesses, particularly those that are looking for an industry-specific accounting application.

QuickBooks Pro offers an intuitive user interface, with the main screen divided into three areas for easier navigation. Image source: Author. Users can access system features from the navigation bar to the left of the screen, which also offers access to any add-on features such as time tracking and payroll.

Invoicing: Create professional looking invoices, write a custom invoice , accept payments directly from an invoice, and manage current invoice status. Manage bills and accounts payable: Track bills and purchase orders , view all unpaid bills, and take advantage of early-pay discounts. Track inventory: Track products sold, cost of goods, and manage inventory levels, including inventory adjustments. Reports: QuickBooks Pro offers more than standard reports which can be scheduled to run when you need them.

Good help options: QuickBooks Pro offers excellent help and support options including a robust user community and access to a comprehensive QuickBooks tutorial. Other features found in QuickBooks Pro include estimate creation and the ability to track sales tax for all purchases.

In addition, both QuickBooks Pro and Premier will automatically perform all year-end closing entries , transferring balances to a Retained earnings account in anticipation of the new year.

QuickBooks Pro manages all contractor payments, including total payments for the year. You can also manage and pay contractors in QuickBooks Pro, including the ability to create year-end s. All of the QuickBooks essentials found in QuickBooks Pro are also available in QuickBooks Premier, along with some notable features and functions not currently available in QuickBooks Pro, including the following:.

Forecasting: QuickBooks Premier offers excellent forecasting capability, with users able to create forecasts from scratch. QuickBooks Premier offers excellent forecasting capability. Industry-specific features: QuickBooks Premier offers the following industry-specific editions:.

The Nonprofit edition of QuickBooks Premier offers donation management. In addition, QuickBooks Premier also offers a reversing journal entry option and includes more than industry-specific reports. QuickBooks Desktop pricing has changed for , with Intuit turning to a subscription model for its desktop products. You will still be able to purchase the application without a subscription, albeit with a significant increase in price.

Intuit recently made the switch to subscription pricing for its desktop applications, which are now branded as Plus plans. QuickBooks Pro is available with or without payroll. QuickBooks Premier Plus is available with or without payroll.

The inventory feature in QuickBooks Pro is more than sufficient if you only sell a few items or need basic inventory tracking capability. QuickBooks Pro offers terrific invoicing options, but does not include a sales order option. If you sell or manufacture products, QuickBooks Premier is by far the best choice.

It offers an excellent sales order option that allows you to consolidate multiple orders into a single invoice, track all back orders, and even create a partial invoice for partial shipments. Both offer solid small business accounting capability, with QuickBooks Pro more than suitable for smaller businesses.

Pro debate is irrelevant, with QuickBooks Premier clearly the top choice. Mary Girsch-Bock is the expert on accounting software and payroll software for The Ascent. She previously worked as an accountant. 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.

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