If you own an accounting firm or work in one, you must be familiar with QuickBooks. It comes in multiple versions, such as Pro, Premier, Enterprise, and Accountant. However, if you are looking for an accounting solution that offers end-to-end business management, is powerful and full of features, and caters to every business need – QuickBooks Enterprise is your go-to solution.
QuickBooks Enterprise is loaded with features more than any other version of QuickBooks and is suitable for small, medium, and large-scale accounting businesses.
Why Is QuickBooks Enterprise Popular?
QuickBooks Enterprise has been a popular choice for businesses since its launch. It is packed with features that make it much more than an accounting program – it is a complete solution for business management. This is why a majority of industries rely on QuickBooks Enterprise as their business management system because it can be customized according to their needs.
Another vital feature of QB Enterprise is the easy to use UI; people from a non-accounting background can easily use the software.
QuickBooks Desktop Enterprise can be used as an on-premise solution or hosted on the cloud. When hosted on the cloud, it offers a similar interface with the same smoothness but becomes more powerful and robust.
Why QuickBooks Enterprise Is Popular Among Accounting Firms?
1. Reports and Finance Management
Every accounting firm needs to have an end-to-end view of the clients’ financial data and analyze their expenses and income. QuickBooks Enterprise offers the same with its ‘income tracker’. It lets you keep track of the financial data by letting you input income and expense data from multiple bank accounts.
Also, you can generate reports as per your needs – cash flow statements, business forecast reports, and budget for the financial year, among others.
2. Great User Capacity
Almost every small or medium accounting firm has a considerable workforce. The other versions – QuickBooks Pro offers 3 users, whereas QuickBooks Premier offers 5 users.
QuickBooks Enterprise, on the other hand, allows 40 users to access one company file (it also allows you to run more than one company file) so that everyone eligible can access the company data (regardless of the company size).
3. Increased Processing Power
Some business solutions might slow down while handling heavy files. For instance, some tools are comfortable handling files upto 200 MB but slow down beyond that.
The enterprise version is a beast when it comes to processing power. It can smoothly handle files with almost 1GB of data. This means that you’ll never have to worry about the file size while processing it.
4. Role-Based Access
Every employee should not have access to all the information. This also puts your company data at a higher risk. For instance, the person handling the payroll does not need access to the company’s profits.
QuickBooks Enterprise offers owners and business leaders with central access to create user profiles and give access to only authorized employees. This feature is beneficial in providing role-based access to sensitive information.
5. Tracking of Sales
Tracking of sales is always a challenge in small or large enterprises. QuickBooks Enterprise simplifies the same for you. The software empowers you to track every sales representative individually and view his/her expenses. Also, you can get a detailed view of every lead using the QuickBooks Lead Center.
6. Payroll Management
Managing the employees and their payroll is as essential as client management in any business. How does QuickBooks Enterprise help with it? Here’s how:
- Quickly find employee information
- Integrated tools for payroll management
- Ready-to-print forms
- Built-in legal documents
7. Training Material
With the subscription to QuickBooks Enterprise, you get access to online training material free of cost. The provided training material is useful enough to guide you through the basics of QuickBooks Enterprise and how to use the software. Also, you get one-year free access to QuickBooks courses.
8. Application Integrations
As mentioned above, QuickBooks Enterprise is not an ordinary accounting software. It is an end-to-end business management solution. Thus, it can be easily integrated with almost 224 third-party apps so that you don’t face any hassle while managing your business. Some examples are TrueCommerce EDI, BigTime, TSheets, etc.
With all these integrations, your QuickBooks Enterprise becomes a solution offering advantages that no other software delivers.
Conclusion
Now that you know the capabilities and benefits of QuickBooks Enterprise, why don’t you upgrade to it? Also, if you want an even more powerful and robust version of QuickBooks Enterprise, consider using a cloud-hosted version of it.
