Overview
What is QuickBooks Desktop Premier?
QuickBooks Desktop Premier is an installed version of QuickBooks for general business, contractors, manufacturing and warehouse accounting, as well as nonprofits, professional services, and retail.
I wish I had upgraded my old software.
QuickBooks Desktop Premier [Is] Worth Every Penny
QuickBooks review
Excellent Accounting Software
Great for small nonprofits!
QuickBooks is a solid, workable solution
QuickBooks makes quick work of a lot of repetitive tasks
QuickBooks - Fast and Easy
I'm no accountant...and this keeps my accountant happy!
QuickBooks Premier is really good for small businesses
QuickBooks NOT for attorney client escrow account management
Great reports in QB
QuickBooks Premier 2018 is the wave of the future in accounting!
QuickBooks Premier Works Well For Smaller Companies
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Bank reconciliation (57)8.080%
- Standard reports (56)7.878%
- Accounts receivable (59)7.070%
- Accounts payable (58)7.070%
Pricing
What is QuickBooks Desktop Premier?
QuickBooks Desktop Premier is an installed version of QuickBooks for general business, contractors, manufacturing and warehouse accounting, as well as nonprofits, professional services, and retail.
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Alternatives Pricing
What is QuickBooks Online?
QuickBooks Online is a SaaS version of the QuickBooks product. It contains all of the features found in the local version. Higher-priced plans include greater automation, payment management, inventory and time tracking, and analytics features.
What is Acumatica?
Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.
Features
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
- 7Pay calculation(46) Ratings
Pay calculation provides for computation of employee pay with state and federal deductions.
- 10Benefit plan administration(20) Ratings
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
- 8Direct deposit files(36) Ratings
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
- 9.9Salary revision and increment management(27) Ratings
Salary revision is the ability to modify individual employee pay.
- 9.5Reimbursement management(29) Ratings
Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
- 1.3API for custom integration(15) Ratings
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
- 1.3Plug-ins(20) Ratings
A number of third-party plug-ins are available to expand the core functionality of the software.
Security
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
- 4.8Single sign-on capability(43) Ratings
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
- 10Role-based user permissions(40) Ratings
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
- 4.9Dashboards(48) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 7.8Standard reports(56) Ratings
The software offers pre-built reports with metrics standard to the category.
- 7.8Custom reports(54) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 7Accounts payable(58) Ratings
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.
- 7Accounts receivable(59) Ratings
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
- 8Cash management(54) Ratings
The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.
- 8Bank reconciliation(57) Ratings
The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.
- 6.1Expense management(56) Ratings
The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.
- 5Time tracking(28) Ratings
The software can track billable and non-billable employee time by project.
- 5.1Fixed asset management(39) Ratings
This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.
- 9Multi-currency support(18) Ratings
The software supports transactions across multiple currencies.
- 7Multi-division support(33) Ratings
The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.
- 1.8Regulations compliance(19) Ratings
The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.
- 10Electronic tax filing(28) Ratings
The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.
- 8Self-service portal(17) Ratings
The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.
- 9Global Financial Support(3) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 7Primary and Secondary Ledgers(6) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 9Intercompany Accounting(8) Ratings
Automatically balance and reconcile GL for intercompany transactions
- 5Localizations(1) Ratings
Meet reporting requirements with country-specific localizations
- 7Journals and Reconciliations(14) Ratings
Automate and synchronize ledgers and processes
- 9Enterprise Accounting(5) Ratings
Create accounting for disconnected ERP and non-accounting source systems
- 7.1Configurable Accounting(6) Ratings
Configure accounting rules and segments for each chart of accounts
- 9.9Centralized Rules Framework(3) Ratings
Integrate disparate ERP and transactional systems into single ERP instance
- 4.3Standardized Processes(7) Ratings
Centralize financial management to facilitate standardized financial processes
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
- 1.7Inventory tracking(35) Ratings
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
- 1Automatic reordering(15) Ratings
The software can be set up to automatically reorder a good when it falls below a certain threshold.
- 8Location management(19) Ratings
The software can track multiple goods across multiple locations.
- 1Manufacturing module(17) Ratings
The software helps track and manage raw materials, work-in-progress items, and finished goods.
Order Management
The ability to process orders, and track them from quote to cash.
- 10Pricing(30) Ratings
Users can set up complex and unique pricing requirements.
- 10Order entry(31) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 7Credit card processing(27) Ratings
The software facilitates credit card processing.
- 6.3Cost of goods sold(34) Ratings
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
- 10Order Orchestration(3) Ratings
Define and execute order fulfillment processes for products as well as services on the same order.
- 1End-to-end order visibility(4) Ratings
Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics
- 5Order exception Resolution(1) Ratings
Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is QuickBooks Desktop Premier?
QuickBooks Desktop Premier Video
QuickBooks Desktop Premier Integrations
QuickBooks Desktop Premier Competitors
QuickBooks Desktop Premier Technical Details
Operating Systems | Unspecified |
---|---|
Mobile Application | No |
Frequently Asked Questions
Comparisons
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Reviews and Ratings
(436)Attribute Ratings
- 1.3Likelihood to Renew12 ratings
- 8.9Availability5 ratings
- 5.7Performance4 ratings
- 7Usability14 ratings
- 1.1Support Rating12 ratings
- 1Online Training1 rating
- 7.2Implementation Rating7 ratings
- 9Configurability1 rating
- 6.2Product Scalability4 ratings
- 7Ease of integration1 rating
- 7Vendor pre-sale1 rating
- 8.1CPA Rating27 ratings
Reviews
(1-15 of 15)I wish I had upgraded my old software.
- Order entry
- Search customers, vendors, products
- It doesn't do anything else good.
- Make multiuser real multiuser. Everyone must log out (cumbersome process) so one single user can do many tasks. They include Changing Sales Tax Rate, Deleting a customer, Defining fields for a customer, [Adjusting] product quantities, [Backing] up [QuickBooks], Delete a ledger code, Delete an inventory part, add additional notes.
- Could have lines between listing on invoices.
- Could track inventory product purchases. My old 1970's UNIX software did a stellar job of this. Suppose I buy identical products from numerous vendors. My old software listed 10 dates, 10 vendors, 10 quantities, & 10 prices. [QuickBooks] only lists the very last one.
- Lists sales commission for sales reps. I can input a sales rep but not print a report with his name, address, & commission. Pulling UPS out of the sales is another chore. We do it manually. (Why computerize?)
- About every 2 weeks [QuickBooks] won't allow me to restore a backup. I have to delete previous backups.
- Continual pop-up windows DO I LIKE THE SOFTWARE. When I say no & list reasons...they never fix it.
- There is a Price Level List. I can sell Item 1 to you for $1, to a store for $.35, & to a distributor for $10. BUT it is a long list. We have 1100 products. There is no search for the item that we want to update. I have to scroll through 1100 items to make a change.
- Allow you to make changes on previous months.
- Allows you to create a copy of an expense.
- Very easy to reconcile your bank account.
- Reports
- Accounts entry
QuickBooks Premier 2018 is the wave of the future in accounting!
- Data entry and compilation are seamless and easy with QB Premier 2018.
- Invoicing is smooth and statements can now be sent including a "PAST DUE" stamp.
- Financial statements are easy to combine and draw information directly out to provide for company owners, banks, and investors.
- The ability to move screens over and out to more monitors is amazing!
- I would like to see the multi window controls improved to include icons rather than the left sidebar menu.
- Inventory control could be improved some although I do not use it much in this position I have had opportunities in the past that would have been a bit more simple had the function been more user-friendly.
- I am still learning some of the new functions in this version but overall I think QB does a great job of minimizing the stress in my job as an accounting manager.
My accounting platform of choice!
- QuickBooks Premier has all the basic functions of the QuickBooks Basic plus industry-specific tools for inventory management, cost-tracking and much more.
- QuickBooks Premier has an extensive set of reports that can be customized for profitability analysis. Plus AR/AP reports are an excellent tool to help manage cash flow.
- QuickBooks Premier is inexpensive in a long run as opposed to QuickBooks Online where you pay monthly recurring fees, those add up quickly!
- Learning some of the advanced functions can be time-consuming, but there is lots of online support through QB community and YouTube training videos.
- While it's more efficient and comprehensive, QuickBooks Online gives instant simultaneous access to business owners and accounting professionals. Same cannot be said about QuickBooks Premier desktop version.
QB for Leading Edge Firms
- Integrated credit card processing - posts automatically to customer accounts, allows online payment. It uses the most current technology.
- It maintains a good strong history of billing and collections and provides collection letters and assistance when you have past due amounts to collect.
- It allows you to download credit card transactions and post into the software automatically. It is easy to track spending details with this process.
- I would like to be able to choose how i want to view accounts receivable aging. I would like some flexibility to sort and choose how to present the data.
- For a seasoned accountant, I would like to see some of the restrictive controls that are in place for novices to be able to be relaxed so that I can easily make some entries and adjust some balances that ordinarily a regular user would not be able to do.
- I would like to see an easy way to clear old outstanding checks that need to be reversed without affecting prior balances/history.
Great solution for Payroll
- Tracking employees
- Tracking payroll items
- Tracking associated payroll taxes
- Printing W-2's
- Interface with Georgia Department of Revenue for payroll forms is not the best it could be. There are some forms that just don't interface well.
- I have had issues sending the required year end payroll forms to Georgia in the past but it was better this year.
QB can help you run your business from behind the scenes
- It's intuitive if you have an accounting background.
- The help section typically offers reliable information to answer questions
- I like the email functionality with sending invoices directly to clients.
- Adjusting entries
- Self created communications for emailing clients
- Journal entry suggestions
Good bang for the small entity buck!
- The drill down features
- The Audit trail
- Automatic close with journal entry
- Need more robust report writer
- What are your budgeting requirements? Do you need to have high flexibility in developing various types of budgets and budget reports? Would you like to have the availability of "what-if" scenario planning?
- Do you require high flexibility in developing financial reports? Do you need a powerful report writer?
- Remote Access Capability- This feature of QB is essential for us since we target the markets of Hawaii and Australia and our Operations Team is in the Philippines.
- Easier reconciliation of bank type accounts - The interface provides us, bookkeepers, with a list of transactions which we can modify (if recorded wrong) on the spot. It also makes it easier to track unrecorded bank transactions for the given period.
- Import of IIF and Excel files - It makes recording numerous transactions faster and more accurate than recording each entry one at a time. It improves our effectiveness and efficiency as bookkeepers.
- Recognition of duplicate vendor and customer name.
QuickBooks for nonprofit
- Customer / job invoicing and tracking is simple and straightforward. Easy to manage accounts/grants receivable through the program.
- Customizable templates to add our logo, identifying information and messages to invoices and receipts allow us to produce more professional, non-cookie-cutter statements.
- Payroll modules integrate seemlessly with reporting structure, which avoids having to make entries separate from payroll reporting.
- QuickBooks reporting templates need some work to allow more customization, especially with the heading labels, subtotal breaks and terminology for nonprofit statements to match industry standards.
- QuickBooks premier industry versions do not have the same journal entry view as the Accountant's version, which shows a list of previous entries at the bottom half of the screen.
President
- Invoicing. Items can be pre-loaded with text to make creating an invoice fast and efficient.
- Memorized Transactions. All types of transactions can be recorded repeatedly by QuickBooks with little effort on my part. This also lets me avoid missing monthly bills or retainer invoices.
- Writing checks is one of the best tasks. If you can write a physical check, you can write a check in QuickBooks. The auto fill and auto recall make this task exceptionally easy and fast.
- Payroll needs to be streamlined. There are about 5 steps to creating a payroll check, 2 (the confirmations to create and print the checks) are redundant.
- Payroll tax payment corrections are too complicated. Adjusting the balances for discounts, etc. are cumbersome.
- Using the find for an amount could be better. There is no default, you have to choose less than, greater than or equal. The default should be equal. The others should be an option.
QuickBooks Rundown
- User friendly
- Easy-to-understand reporting
- Simple to use
- Easy to train
- Audit trail
- Budget management reports
- Greater security on entries
- More advanced reporting including rolling forecasts
- Complexity of organization
- Volume of transactions
- Reporting needs
QuickBooks Friendly
- Double entry
- Adjusting entries
- Financial Statements
- Payroll items
- Online improvement
- Training
Quickbooks Premier. The good, the bad and ugly.
- I really like the Portable Accountant file. Many of our clients who use this program internally like us to review their work but they can't shut down their financial operations while we are working on the file. The split that the accountant copy generates allows us to work on the historical data while the client can continue with current and future transactions.
- I like the import feature. We do our payroll through ADP and can export a file from there and import it into QuickBooks. Doing the financials for our internal payroll takes about a minute.
- The ability to add additional accounts or subaccounts is also a very nice feature for us internally as well as our clients.
- The program takes a very long time to load. It'd be nice to be able to open it quicker as myself and my staff are somewhat inefficient while waiting for the program to load. Probably one of the longest hold times we have for any software.
- Our clients are constantly receiving payments when an invoice has not been generated. This results in a negative A/R. QuickBooks needs to alert the user to this so this can be avoided.
- When a group of checks is deposited and one bounces, you have to undeposit the entire lot and redeposit those that did go through. Should be a way for you to go in and just select the one that did not credit.
Some of our clients who are small don't use an accounting software because they can reconcile everything on Excel. They also don't have any employees so that QuickBooks is probably not needed for them. The rest of our clients, we recommend QuickBooks. However, some do not use it because they have an industry specific program which has some financial functions. What we've found is that these financial functions, whether it be general ledger capabilities or even payroll; are fairly subpar. So, we recommend that they use this industry specific program for inventory, revenues, etc...and then do the whole financial statement and accounting function in QuickBooks.
So, the questions I ask are:
1) What's your company size and how comfortable are you with excel reconciliations?
2) Do you run payroll?
3) Do you have an industry specific program?
I highly recommend QuickBooks
- Very user friendly; adaptable to almost any type of business
- Intuitive data entry forms
- Powerful and customizable reporting capabilities
- The inventory functionality is limited. QuickBooks Pro and Premier use average cost, with no option for other cost methods. This limitation is most significant for manufacturers, who may need to consider QuickBooks Enterprise for more options.