QuickBooks Premier offers the best of all worlds for small business clients.
May 07, 2015

QuickBooks Premier offers the best of all worlds for small business clients.

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Software Version

Accountant Edition 2014

Modules Used

  • All

Overall Satisfaction with QuickBooks Premier

As an accounting firm, we use QuickBooks Premier for our own in-house accounting, and for our clients' accounting and payroll.

Pros

  • 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.

Cons

  • 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.
  • Being QuickBooks ProAdvisors with many years of experience, we can give top-quality support to our clients who use QuickBooks. This adds value to our standard accounting firm suite of services.
QuickBooks Premier is more powerful and versatile than QuickBooks Online. We use QuickBooks Premier in a hosted environment, which allows our clients to access their software online, but retains the great features of QuickBooks Premier that we love. QuickBooks Online's web-page interface is much more cumbersome than the stand-alone interface of QuickBooks Premier (or Pro) desktop version.
QuickBooks Premier is not well suited to manufacturing industries, as it cannot handle the complicated inventory requirements of raw materials, work in process, and finished goods. Retailers and Wholesalers can use QuickBooks Premier as long as they have an add-on inventory tracking program or Point of Sale system that integrates with QuickBooks. Likewise, restaurants would need specialized restaurant software that integrates with QuickBooks Premier. Non-profits can use QuickBooks Premier non-profit edition, but if they use fund accounting, it will require some complicated work-arounds. QuickBooks Premier is well-suited to most construction trades, personal and professional services providers, small retailers, and rental property owners.

QuickBooks Desktop Premier Feature Ratings

7.8
Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
10
Time tracking
2
Fixed asset management
2
Multi-currency support
6
Multi-division support
8
Regulations compliance
8
Electronic tax filing
10
2.3
Inventory tracking
1
Automatic reordering
3
Location management
4
Manufacturing module
1
5.5
Pricing
4
Order entry
4
Credit card processing
8
Cost of goods sold
6
8.0
Pay calculation
10
Benefit plan administration
6
Direct deposit files
10
Salary revision and increment management
6
Reimbursement management
8
7.0
Dashboards
5
Standard reports
8
Custom reports
8
6.0
API for custom integration
8
Plug-ins
4
3.0
Role-based user permissions
3

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