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Intuit Enterprise Suite

Score9.1 out of 10

51 Reviews and Ratings

What is Intuit Enterprise Suite?

The Intuit Enterprise Suite is an end-to-end business platform providing: financial management, forecasting and accounting capabilities; integrated payroll, payments, and bill pay; automated marketing; access to third-party apps, and access to a team of experts.

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Top Performing Features

  • Single sign-on capability

    The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.

    Category average: 8.5

  • Configurable Accounting

    Configure accounting rules and segments for each chart of accounts

    Category average: 7.9

  • Accounts payable

    This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

    Category average: 8.2

Areas for Improvement

  • Manufacturing Costs

    Estimate, plan and monitor costs and variances by plant. Capture resource costs using standard, actual, LIFO, FIFO or multiple costing methods.

    Category average: 7.6

  • Production Process Design

    Define data for plant hierarchy, process standards, work areas, calendars and standard operations

    Category average: 7.5

  • Production Management

    Centralized critical status information for production supervisors

    Category average: 7.6

Who Buys & Uses Intuit Enterprise Suite

Pros

  • Efficient management of multi-entity and intercompany transactions
  • Comprehensive financial reporting and analysis capabilities
  • Automation of consolidated financial statements

Cons

  • Limitations in reporting customization, especially for consolidation
  • Underdeveloped or inaccurate AI features requiring manual intervention
  • Challenges with multi-entity data drill-down capabilities

Improved cloud-based ERP with some limitations and drawbacks.

Use Cases and Deployment Scope

Intuit Enterprise Suite is our core financial ERP platform for our multi-entity construction company. IES helps us streamline accounting, project financial management and job costing, intercompany transactions, and consolidated entity reporting. IES helps us reduce manual processes and repeated data entry. IES supports our construction operations with job costing and monthly closes, which enables us to have more accurate financial reporting and better visibility across our projects, which helps us manage our projects more effectively.

Pros

  • Spreadsheet sync.
  • Reclassifying transactions.
  • Consolidated reporting.
  • Custom management reports.
  • Granular permission-based roles.
  • Scheduled reporting.

Cons

  • Slow processing.
  • Bill pay features are not as robust as competitors.
  • Some workflows are not customizable when they should be, such as intercompany invoicing and paying bills.
  • The AI model(s) they use to read bills are not very good at it.
  • Construction project reporting is not as good as it was in QuickBooks Desktop Enterprise.

Return on Investment

  • Spreadsheet sync saves us hours when we need to make changes to multiple vendors, customers, or projects.

Usability

Alternatives Considered

QuickBooks Desktop Enterprise

Other Software Used

Microsoft 365, Bitwarden, Microsoft Excel

IES is incredible highly recommend

Use Cases and Deployment Scope

We use Intuit Enterprise Suite (IES) as our main accounting software. We integrate it with our scheduling software, Skimmer to help us streamline our operation. We were on Quickbooks Desktop for about 25 years and finally had to make the switch so we could have integrated software. We have been loving it so far!

Pros

  • Project Management
  • Reporting
  • Dimensions

Cons

  • I haven't spent enough time in the software to speak on this. We are still in the process of fully switching over.

Return on Investment

  • Better job costing within the software
  • Easier project/budget management
  • Saves time - Less double entry having softwares connected

Usability

Other Software Used

Microsoft 365

We LOVE IES

Use Cases and Deployment Scope

We primarily use it to consolidate two companies into a single, clean report and to process intercompany transactions. It allows us to achieve timely reporting without manual manipulation.

Pros

  • Intercompany Transactions.
  • Consolidated Reporting.
  • Banking

Cons

  • Honestly, nothing!

Return on Investment

  • Time savings.
  • Accuracy.

Usability

Other Software Used

Ramp, Rippling

IES is a great tool for operating multiple divisions.

Use Cases and Deployment Scope

We own and operate 70 car washes across the Midwest under one company. We needed to create financial reports for each location, as well as for our other corporate departments. We also own two related companies and needed a simple way to produce consolidated reporting. We can easily drill down into the details behind our reports when questions arise. We also needed software that would integrate with our inventory management system.

Pros

  • Allows us to add dimensions tailored to our business needs and run reports on these dimensions.
  • Generates reports quickly.
  • Allows us to edit transactions after they are originally entered.

Cons

  • I would like to see them continue to include dimensions across other reports.
  • I would like the ability to void transactions using a specific date of our choosing.
  • I would like a live report writer for the P&L and balance sheet so I can move GL accounts into sections of my choosing.

Return on Investment

  • It enables us to close our books faster than ever.
  • It enables us to be flexible when changes need to be made to how records were recorded.

Usability

Alternatives Considered

NetSuite ERP and Sage Accounting

Other Software Used

Fishbowl Inventory

Best Accounting Software

Use Cases and Deployment Scope

Intuit Enterprise Suite makes it easier to due business because it combines all the needs of accounting, finance, and payroll just to name a few. An organization does not need to purchase multiple software products with different features and tons of training when Intuit can do it all and everything is recorded easily and reported easily as well.

Pros

  • Ease of processing payroll and providing all necessary reports and documents in one software such as tax forms and forms related to the financials.
  • Ease of creating purchase orders to tie to vendor bills to track purchases made by the organization.
  • Ease of creating financial reports with various filters and exporting them to PDF or excel for a simpler read and study of profit vs. losses.

Cons

  • Sometimes saving larger reports to PDF will cause an error. There needs to be more space to save as PDF.
  • Another issues is when creating a trial balance the inactive income & expense accounts show up and they are $0.00 and it makes it confusing when presenting to upper management or board members.

Return on Investment

  • When it comes to cost accounting, it's great. For example in the construction industry the job costing is fabulous in the Suite software because an organization can determine specifically how much money was made or not made on a job and then take that info into consideration on future jobs that are similar and decide if different vendors need to be used to cut costs on materials or more needs to be charged to the customer.

Usability

Alternatives Considered

Sage Accounting

Other Software Used

Paylocity, Sage 50, Time Matters