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My accounting platform of choice!
https://www.trustradius.com/accountingQuickBooks Desktop PremierUnspecified8.1255101
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January 25, 2018

My accounting platform of choice!

Score 10 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with QuickBooks Premier

I use QuickBooks Premier in my line of business daily. This is the platform that I also recommend to my clients. Being an accounting professional, I need a platform that would offer customizations for different industries, tracking of billable expenses, creation of various financial statements to analyze profitability, quick lookup of items. I find that this QuickBooks product most fully addresses these needs.
  • 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.
  • QuickBooks Premier Accountant version streamlines my processing of tasks making it easy to quickly switch between windows thus reducing time it takes to perform bulk of accounting entries.
  • QuickBooks Premier is a desktop version and has to be installed on client's computer to provide access for the business owners. That can be time consuming and limits flexibility that online/cloud-based platform offers.
  • Billable time tracking is a great functionality that helps me a lot in my business.
Although cloud-based platforms with a monthly subscription are very popular, I still prefer a desktop enterprise solution. Profit & Loss reports by Customer are not accurate in the online version because they cannot account for employee-related costs that should be assigned to these jobs. Also, QuickBooks Online sometimes runs slow in a browser as it depends on internet speed and server performance.
Companies with in-house accounting will benefit most from this platform. It is a fast desktop version with an easy job costing process from estimate to PO, order tracking, and unbilled time. That is a great feature for contractors, who create estimates with many lines - platform makes it easy to convert to PO/invoice.

QuickBooks Desktop Premier Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
10
Time tracking
10
Fixed asset management
8
Multi-currency support
10
Multi-division support
8
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
10
Enterprise Accounting
10
Configurable Accounting
7
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
Inventory tracking
10
Automatic reordering
Not Rated
Location management
10
Manufacturing module
Not Rated
Pricing
10
Order entry
10
Credit card processing
10
Cost of goods sold
10
Order Orchestration
10
End-to-end order visibility
10
Order exception Resolution
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
10
Standard reports
10
Custom reports
10
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
10