Accounting and bookkeeping have been a part of business houses for a long time. This relationship has been strong through thick and thin and has helped businesses survive the toughest of times. Every business needs these service no matter what. Starting from production, packaging, delivery, operations, to after-sales services, all of these services need proper documentation in the form of accounts in order to keep track of expenses, revenue, inventory, and other aspects of the business. Although accounting and bookkeeping have been there since the beginning of documentation practices, they have changed drastically over the years. The accountants have been replaced by computers, ledgers have turned digital, and tax preparation is now automatic. And pioneers like QuickBooks have helped bring these changes to the mainstream consumers and completely change the way accounting and bookkeeping work. QuickBooks Desktop Pro and QuickBooks Premier are two of the most popular and utilized by businesses all over the world.
So, what is it with QuickBooks Desktop Pro and QuickBooks Premier that makes them so good?
QuickBooks Premier is essentially is an all-purpose accounting and financial services software that allows users to manage ledgers, profit and loss accounts, balance sheets, keep track of inventory, pay timely bills, and keep a tab on expenses. QuickBooks Premier not only offers accounting solutions to businesses but a whole array of convenient ways to manage the books of the concerned business. The QuickBooks software provides additional features such as tracking sales, payments from customers, managing employee payrolls, preparing tax submissions, and of course, making forms and invoices. QuickBooks understands very well that the industry is spread out into various sectors and departments, and that each department has different needs and ways in which it functions. That is why QuickBooks Premier has 5 editions that cater to the needs of different industries. These are namely –
Along with the actual software, QuickBooks Premier consists of features such as pre-built reports, navigators for each and every industry, and customized terminology. Organizations and businesses can have full access to data via implementation of individual permissions and thus, keep a track of all expenses incurred due to clients, projects, services, and even employees. Businesses can also use their contacts in QuickBooks by importing them from Excel files to the QuickBooks Premier software.
The list does not end here. QuickBooks Premier is an industry elite for a good reason. Its features include the creation of a forecast, creation of a business plan, a tool for analysis, a remote access tool, a tool for keeping track of inventories, and tools for creating sales order reports.
The software is brought by Intuit and is available via an annual subscription or after a one-time payment of up to 5 different users. QuickBooks support is available via QuickBooks support numbers on a 24 hour a day basis.
The features for QuickBooks Desktop Premier are as follows –
There are various other features in the QuickBooks Desktop Premier 2018 that are different in a separate version of the accounting solutions software. They are as follows –
For many small business houses, QuickBooks is usually the ‘go-to’ for accounting and bookkeeping software. However, the final decision depends on which software they need for their business. Recently the trend seems to shift to the online version of the QuickBooks software but at the end of the day, the desktop versions rule the market. QuickBooks Desktop Pro is a very easy to use and comprehensive bookkeeping and accounting tool that caters to the everyday needs of small to medium-sized businesses.
As mentioned earlier, QuickBooks Desktop Pro, simply referred to as QuickBooks Pro is a very simple to use accounting tool that is specifically designed to handle the accounting and bookkeeping processes of small to mid-sized businesses. The tool provides its users, solutions in the form of a core financial services software via robust functionalities such as financial software applications like payable and receivable, expense management, payroll management, and project accounting, all in one single integrated software.
Users can also utilize the bank account reconciliation option in order to link their bank accounts and at the same time define the workflow for all accounting and bookkeeping activity. This enables users to make automatic payments and make deposits from their linked bank account(s). Users can also manage employee payrolls through one single application.
QuickBooks Desktop Pro allows its users to make the entire billing and invoicing process automatically, and work on aspects of order management from a separate reconciliation window. QuickBooks Pro users can simply link, sync, and import information from related integrated applications or payment gateways such as American Express, Square, and PayPal. All of the transactions are categorized automatically for recording expenses and earnings on a monthly basis.
Another interesting feature about QuickBooks Desktop Pro is that is can be set up on a system as well as on the cloud. If the users want they can also download the mobile application for QuickBooks for Android as well as iOS to get access to their data on the go or whenever they wish to. Support is available via the QuickBooks support number on an all around the clock basis.
These features are as follows –
But this still does not help us understand why QuickBooks Pro is so popular among users all over the world. To think of it, both the software are immensely valuable and are among the most elite financial tools ever created to assist businesses in their day to day financial operations. However, QuickBooks Desktop Pro is a bit ahead in terms of features and overall outlook. Here is a list of features that will help you understand the software better –
Now, we get to choose between the two elite financial tools from QuickBooks. The following pointers will help you decide and differentiate between the two QuickBooks software and choose the one that suits your business model the best.
In conclusion, the verdict is that it always preferable to go for the QuickBooks Desktop Premier 2019 over QuickBooks Desktop Pro 2018 when it comes to running businesses with full efficiency. Premier has all the functions and features that a business would require. Going QuickBooks Enterprise would be reaching too far as it is not necessary for the smooth and efficient functioning of a business.
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