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.
- 4.8Dashboards(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
(26-50 of 63)Good value for the money. You get what you pay for !
- Easy to use
- Ability to Import Bank and Vendor Information
- Run Payroll Easily
- Speed of software opening
- Pricing Structure/Discounts for accountants should be increased as we refer clients
Given the alternatives, Ill stick with Quickbooks.
- Integrates well with the other software I use
- Easy to navigate
- Easy to set up
- Good support network
- Reporting is old and inflexible
- Levels of security are not very flexible
- Multiuser is cumbersome
QuickBooks Premier
- For the accountants version the accountants copy option is great to make changes to a clients file and export the changes for them to upload
- It has many options for reports
- It has a bank statement reconciliation feature
- For some of our clients there seems to be too many steps when recording a cash payment from a customer
- Small clients do not typically use the accounts payable steps correctly resulting in negative accounts payable balances
- When trying to correct an error it is sometimes difficult to find the source of the error and fix it
Accountant
- Ease of use
- Easy reports
- Home page provides a roadmap for users
- Widely available
- Cost is a bit high
- Inventory value has a tendency to change even after a closing date is entered
- Accountant version has some difficulty with applying customer credits and zeroing out balances (the apply credits)
Quickbooks Supporter for Small Business
- Ease of use and understanding. Drop down tabs for various functions. Reports tab, Employee tab for payroll processing, Banking tab for check writing or register, etc.
- Ability to make changes on the go without much difficulty.
- Can go back indefinitely for comparison reports, etc.
- Check voiding from previous periods. Should be able to tell the system what period to void the check in. This is a function available in Peachtree.
- When making changes to prior periods, a warning should popup to ask Are you sure? This could avoid random changes made by mistake.
- More explanation to the user as to the cash vs accrual function of the program.
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
Accountants Choice for Small-Medium Businesses
- Allows accountant's copy or portable file transfer so the accountant can work in the file while the client continues to use it. Files can easily be shared through secure Intuit server, email, or secure file transfer such as Dropbox.
- Offers relatively easy payroll calculations within the software that clients can manage on their own.
- Using bank feeds and downloads speeds up the monthly accounting process or entering large amounts of data at once.
- Inventory feature is very poor and not designed for novice users.
- Accountants' have the ability to correct multiple transactions relatively easily but regular users do not.
- It allows inexperienced users to make adjustments or post to accounts that are in error. The accountant must spend time correcting the mistakes at the client's expense.
QuickBooks 101
- Easy to use.
- Financial statements are easy to prepare and read.
- Bank account reconciliation's are more efficient.
- Need to have controls in place so that users can't make changes in prior months or years once a monthly closeout is performed.
QB Premier Manufacturing Edition
- Although there are reporting limitations, producing basic reports from QuickBooks is very simple and fast.
- Fairly easy to use and to learn for entering basic transactions.
- Integrates with many software offerings (CRM, Bill.com, etc.).
- File stability suffers with increased size and complexity of data file. Best for very small companies with limited inventory.
- Add-ons (such as payroll or credit card processing) would be convenient, but are over-priced compared to outside offerings.
- Limitation: Works well only as an accounting system. Does not work well as a CRM, ERP, asset manager, supply chain manager, etc.
Quickbooks 2015
- Keeping receipts and disbursement a organized
- Accounts payable
- Tracking receivables
- Better handling of nsf checks
- Inventory
Great program for small businesses
- It's user friendly; can train non-accountants to use rather easily.
- Good reporting built-in. Especially useful once there are multiple years for comparative analysis.
- The accountant's copy feature is very useful so that the outside accountant can be making adjustments to be merged [record] later while the client still has full use of the program.
- The file size gets large (and therefore slower to load and refresh) rather quickly. There are ways to archive old transactions, but then you don't have the history at your fingertips.
- It has limited use for larger clients who want someone to review and approve transactions and another employee to actually post.
- Some fields are not available for customizing reports. For example, the memo line of check coding is not available on all reports.
- 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 Premier is easy to use, yet flexible and powerful enough to handle some complicated accounting scenarios.
- QuickBooks Premier offers a wide array of canned reports. Custom reports can be easily created.
- QuickBooks Premier with Enhanced Payroll gives us the tools to handle complex payrolls with multiple variables.
- Support for older versions of QuickBooks ends after three years, then users must purchase the newest version at full price. Renewals should be deeply discounted for existing users.
- I would like to see better in-product inventory tracking, so we can choose LIFO or FIFO rather than the ambiguous "average cost" method.
- I would like to be able to assign payroll taxes to jobs for better job costing.
Easiest Accounting Software
- I personally don't use QuickBooks daily, because we don't have a lot of daily transactions to record. The ease of use is one strengths that I would rate as the highest.
- The ability to customize, prepare and track invoices is very useful.
- The ability to print multiple type of reports and exporting them is very easy to do.
- We currently don't link QuickBooks to our tax software (Intuit Tax Online), because we haven't figured how or whether it is possible. This is one feature that I would be interested in exploring.
- The ability to integrate timesheet and billing.
- The ability to mark items as missing and track it so we can come back to it after we have the data.
- Financial reports are easy to run and detailed enough to make business decisions for your company. The ability to memorize frequently run reports with customization is just an added bonus.
- Include supporting documents as attachments to transactions to easily reference details
- For companies with mulitple employees accessing QuickBooks, the customer user roles and audit trail are a great feature to be able to see and know who is doing what within your QuickBooks file.
- I would like the ability to rearrange the chart of accounts or edit items in multi-user mode. Having to switch to single user mode to make a simple edit disrupts work flow.
- The sync tool speed could be improved.
- The ability to fix a previous reconciliation without undo-ing all reconciliations after it.
- The program is easy to learn and use. We can train our clients' personnel how to use the program with out difficulty.
- It is easy for clients to generate bills and manage accounts receivable.
- It is easy to manage accounts payable and allows clients to pay their bills electronically.
- Transactions can be imported electronically for credit card and banking transactions.
- It is easy to reconcile bank and credit card accounts.
- We can import data generated by QuickBooks into our tax and accounting software.
- Reporting - it would be nice to have an option to remove subaccounts when certain reports are generated.
- The program could be more flexible in the reporting area. For instance, accumulated depreciation is sometimes presented before the fixed asset accounts on the balance sheet. It would be nice if rows and columns could be manipulated more to get a better looking report.
QuickBooks review
- User friendly - do not need much training to be able to use it
- Reports are very flexible
- Reports can be exported into Excel
- Would like to see the password stored on your computer once you've opened the file. Because we work with so many different clients there are many passwords.
QuickBooks Premier 2015 Review
- Bank account reconciliations can be automated
- Accounts payable is simplified
- Accounts receivable & invoicing is easy
- Reports
- Chart of accounts
- Foreign exchange
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.
- Easy to use, but also easy for clients to mess up.
- Prints financial statements with ease.
- Easy setup.
- Continuously requires the purchase of updated versions to run payroll. Instead of updating entire software package, a payroll update should be available.
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.
Loving Quickbooks
- QuickBooks handles basic business transactions with ease
- Customizable reports
- Easy to review and correct errors
- Would like the ability to add custom columns to reports
- Wish you could add a memorized report group in accountant's copy
- Wish there were less restrictions in multi-user mode
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
Owner
- QuickBooks Premier is the preferred accounting solution to the majority of small businesses. Most small businesses are familiar with the product and the software is relatively simple to use.
- The cost of QuickBooks is very attractive to the clients, as well as the various levels of software that the client can choose from. The software also offers programs that are able to handle increased and more complex transactions.
- There are many "bolt on" products that increase the functionality of the software.
- They need better methods of locking down the data. The ease of use creates many areas that the data can be compromised.