18 Feb Which Version of QuickBooks is Right for Your Business
Whether you’re a seasoned business person or a new entrepreneur, having accounting software that you can rely on is a must. The job of choosing the right accounting system for your business can be an intimidating job as there are so many options available in the market.
When it comes to making a perfect selection, make sure the bookkeeping software you’re picking is up-to-date, user-friendly, and efficient enough to optimize all your business-related transactions.
From so many choices available there, QuickBooks (QB) is a well-known accounting solution that suits almost every business structure. This software can help you with different responsibilities, such as:
- Tracking your inventory
- Offering unlimited reporting
- An excellent solution for self-employed individuals
On the other hand, with multiple versions available within the QB family, it is challenging to select the one that meets your business needs.
This post has put together some of the most commonly available QuickBooks versions. Consider taking a closer look at them and identify which version of QB is perfect for your business.
QuickBooks Pro is an accessible version of QB accounting software for a simple reason, i.e., it comes with the most commonly needed accounting features at an affordable budget. Due to its simplicity, this is the most widely used version of QuickBooks. This version can assist up to three users, which makes it an ideal option for small scale brands.
If you’ve recently launched a business and don’t have a large workforce, QuickBooks Pro is undoubtedly the best pick for you. It covers all the necessary bookkeeping operations, including expense tracking, optimizing bills, and payroll generation. The system also sends notifications or reminders for critical liabilities and payments.
You can even add the details of your bank account and incorporate them with the QB. It enables you to pay all the clients and vendors automatically.
Another useful feature of QB PRO is “Client Snapshots.” The feature allows you to check the profile and the entire purchase history of any client. Furthermore, it enables you to identify the main accounts and better your relationship with them.
Here are the features of QuickBooks Pro:
- Track business expenses, bills, and print checks
- Track customer accounts and sales
- Generate estimates, invoices, and reports
- Manage payroll
- Batch invoicing
- Check the history of a particular client
- Accept credit cards (with a service)
- Three simultaneous users
QuickBooks Premier is a more advanced version of QB Pro that can support up to five users. It has all of the QB Pro features along with a few add-ons:
- Build a business plan
- Forecast expenses and sales
- Trace balance sheet by class
- Industry-specific reporting
QB Premier is more industry-specific. This version enables you to categorize financial statements depending on their groups and the industry you belong to. You can also categorize customers’ bills in any way you find convenient – depending on the department, profit center, and location.
Overall, you can efficiently optimize and track your expenses and time by category, such as project, clients, employee, services.
If you’re looking to expand your business and scale up your functions, QuickBooks Enterprise is the right choice. This version of QuickBooks can accommodate around thirty users simultaneously.
Despite its scalability, the QB Enterprise version of QuickBooks is easy to set-up and use. Unlike other versions of QB, this software facilitates the protection and backup of all your QB data.
Besides, QB Enterprise has one more feature, i.e., customizable reports. It allows you to decide how you want your financial reports and statements. If anyone asks you for additional rows of data, you can add them effortlessly. Some of the essential features of QuickBooks Enterprise include:
- Easy to set-up
- Customizable reports
- Data protection and backup
- Can support up to 30 users
If you’re a large firm, QuickBooks Enterprise version can be the right choice for you.
Choose the Right QuickBooks Version for Your Business
Now that you know the features each QuickBooks version is offering you, it’s time to come to a decision. Choosing the right version of this accounting software can help you be successful as a business.
To make the right selection, look at the features of each version, relate them to your business needs, and determine which one is meeting them.
If you’re still confused, which version of QuickBooks accounting software is perfect for your company, consider taking help from a professional firm like Cloud 9 Hosting. This online firm can help you in choosing the ideal QB version.
All you have to do is – contact the team, discuss your industry type and business model, and let them identify which version would work well for your brand.
Schedule your appointment with the expert team of Cloud 9 Hosting today and figure out which version is an ideal pick for your business.