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QuickBooks Premier - Accounting Software
How do you use QuickBooks Desktop Premier?
QuickBooks Desktop Premier is accounting software with a lot of features. You can download it on your computer for monthly fees or a one-time purchase, which we'll discuss in a bit.
This software can track inventory, schedule automatic reports, and formulate forecasts based on your previously recorded data to give you different decision options for your business.
QuickBooks Desktop Premier - Best Accounting Software For Small Businesses
What is QuickBooks Premier?
Definition
QuickBooks Premier has dedicated accounting software that is downloadable on your PC. Gone are the days of manual accounting, and QuickBooks is an application that makes bookkeeping more accessible and more intuitive.
Additionally, Quickbooks Premier offers a lot of functionality to the user's specific needs. Depending on the packages offered, the software has so many services that it can provide in different packages.
The unique feature across all QuickBooks Premier packages is the simplified means to do accounting. You no longer need to worry about the intricacies of the science of accountancy, and you'll be able to manage your business better and more accurately. The software integrated into QuickBooks Premier is excellent for beginners in bookkeeping and can give you an overview of your business where data is presented understandably.
It's a valuable tool for recording accounts and transactions and producing receipts and data backup for user functionality. Just like any other accounting software, QuickBooks Premier's interface is easy to follow. It is incredibly intuitive for beginner bookkeepers or business owners who wish to do the accounting themselves.
Furthermore, there are many editions of QuickBooks Premier that you can use for the type of business you're in. Either you are operating a nonprofit organization, general contractor, specialized company, product, or service-based, QuickBooks Premier has you covered for those exact purposes.
While it is a great tool for beginner bookkeepers and startup companies, it's also very useful for seasoned business people with sound acumens in their careers because an easier way to do things never hurts. Besides, with this price point and usability, there's no question that the potential for every business owner to use this tool is high.
On that note, you'll be amazed at how many features it has with an assortment of industry-specific interfaces that are suited for different types of business owners. While it can be used for the general business purposes, it can also take advantage of different markets like manufacturing, distribution, inventory-heavy companies, and non-profit oragnizations. These will be discussed further down the line as we head through the different features Quickbooks Premier has to offer.
Who uses QuickBooks Premier?
QuickBooks Premier's users are mostly beginner bookkeepers who want to use software for businesses with simple cash flow systems that don't require heavy technology and computations to achieve the desired goal.
Therefore, QuickBooks Premier users are for those who are just starting a business and want to learn to account simply. This software is for beginners, but it's also for those in the business in specific industries that use different kinds of methods when bookkeeping.
This is where the different packages come into play. Specific packages offered by QuickBooks will become helpful to a particular group of people who will find a particular software appropriate for their line of business.
To reiterate, here are the main users who are best suited for QuickBooks Premier:
- Startup business owners
- Beginner accountants
- Seasoned business owners
- Seasoned accountants
- Accounting and business students
The most attractive part about QuickBooks Premier is the affordability aspect. Usually, prices dictate who the users are for a particular product or service. For instance, an expensive sports car would be targeted at upper-class citizens. Because of QuickBook Premier's easy accessibility from pricing to functionality, anybody can start using this application and learn to account there.
While it's true that accounting is indeed a difficult subject, a person can learn it through experience and new users are quick to find out that they'll improve their accounting skills as they keep using QuickBooks Premier more often
Different QuickBooks Premier Editions
Because QuickBooks Premier caters to many business owners, the packages offered come in editions that have unique features exclusive to the respective editions that are programmed to do the specific set of tasks. These are:
- Contractor
- Manufacturing
- Wholesale
- Non Profit
- Accountant
Contractor
The contractor edition delegates payroll and profits made by assigning jobs or contractors in a particular business. If you are sporting an agency business where you manage the workforce, the contractor edition is for you.
Features for QuickBooks Premier's contractor edition include creating jobs by vendor reports that organize payroll systems and profitability; track your balance sheet by workforce class that gives you a detailed overview of your cash flow, and it can also help you customize the job costs to reach profitability on any exact task level.
Manufacturing
Factories deal with inventory management and machinery a lot. The manufacturing edition offered by QuickBooks Premier is intuitive for inventory management like purchase orders, beginning and ending inventory, reports for reordering, etc.
The manufacturing edition also tracks profitability for individual product lines to check which one is ordered the most. Furthermore, it prioritizes which orders to fulfill first, depending on the urgency of the process.
Lastly, it also monitors which sales orders are shipped or not, or whether or not to ship them to logistics to minimize your costs to earn much more favorable profit margins. This edition is perfect for manufacturing businesses that cover almost all product-based companies.
Wholesale
The wholesale edition is very similar to the manufacturing edition, but it focuses more on the distribution side of things. QuickBooks Premier's wholesale edition covers aspects like bulk orders, logistics, pricing, and inventory management.
Non-Profit
Features in the non-profit edition include tracking your balance sheets like end-of-the-year statements, donations, donor contribution reports, and break-even analysis. Because non-profit organizations are entirely different in the premise of how they operate, QuickBooks has them covered with an intuitive user interface and features that can help grow their business one account at a time.
Non-profits are also required to do accounting, and governments even eye on them even more because donations are taxed in some governments around the world which heavy auditing is required. Nevertheless, QuickBooks Premier's feature of this industry is totally covered, and you'll learn a thing or two about accounting despite sharing your compassion in helping the world around you.
Accountant
Professional service providers like accountants can have efficient software through this edition to monitor sales, billing rates, unbilled expenses and time, job profitability, and cost to market analysis.
Accountants will find this very easy to use because of their already established expertise. This edition is tailored precisely to how accountants work in spreadsheets by making the balance sheet interface professional-looking and simple to use.
Some Great QuickBooks Desktop Premier Features
Here are the most amazing features QuickBooks Desktop Premier has to offer for different packages:
Here are the most amazing features QuickBooks Desktop Premier has to offer for different packages:
- Branch Managers - Input daily sales, daily inventory, expenses, deliveries received, and customer feedback.
- Inventory Manager - Input the supplies received from the suppliers, returned to them, and moved to a different branch.
- Accounting Personnel - Make financial statements and daily, weekly, and monthly sales reports.
- Acquisition - Track bid awardees, PO's made, Invoices issued, and delivery dates
- Suppliers - Check POs and delivery dates, update the status of orders and deliveries.
Premier Plus 2021 + Payroll
- 24/7 customer support
- Accessible to the newest features, security, and updates now
- Cloud data back-up and recovery services
- QuickBooks Desktop Premier mobile app for official receipt management
- You can customize inventory reports
- Industry-specific report tables and charts
- Sales orders interface
- Cost of products and inventory tracking services
- Product and service prices analysis for specific customer type
- Can be used up to 1-5 users simultaneously
- Faster and easier payroll management
- Free direct deposits for users
- Has a live support system that features a chatroom or through phone calls
- 1-40 users maximum capacity
- 6 times the capacity of premier plus
- More than 200 report templates and customizable ones
- Priority customer service support as part of the Priority Circle Member
- Advanced inventory and fulfillment features
- Automated pricing columns
- You can choose from an array of pre-set permissions and roles, or entirely customizable access to specific customers and vendor data entry points
- An assortment of options of 6 different industry-specific versions of the enterprise package
Premier Plus 2021
- 24/7 customer support
- Accessible to the newest features, security, and updates now
- Cloud data back-up and recovery services
- QuickBooks Desktop Premier mobile app for official receipt management
- You can customize inventory reports
- Industry-specific report tables and charts
- Sales orders interface
- Cost of products and inventory tracking services
- Product and service prices analysis for specific customer type
- Can be used up to 1-5 users simultaneously
| Packages | Features |
|---|---|
| Premier Plus 2021 + Payroll |
|
| Enterprise 21.0 |
|
| Premier Plus 2021 |
|
Even at the most basic package, you can already enjoy a lot of benefits that go a long way for the betterment of your business. Most of the basic tools used in accounting is accessible at base package, and quite frankly, that's all you need for bookkeeping purposes.
Of course, this all change when you have a bigger company. Because you'll be hiring more employees, the user count will also have to increase which the added packages are useful. You can also make use of add-ons for certain packages that will optimize your preferences for a more valuable experience.
QuickBooks Premier Pricing
Before knowing the pricing of QuickBooks Premier, here are the simple steps to buy a package:
- Select the plan that you wish to avail
- Add payroll
- And check out
It's that simple! Below is a table of the different pricing for different packages for monthly, yearly, and one time purchases.
Monthly Packages
Monthly packages are the best for those who wish to use the software on a budget, and the cheapest one here will only cost you a minimum of $12 a month. If you think you won't get a lot out of this package, then you're wrong. Even at the most affordable package, you're getting a lot of value with features that are incredibly useful for your business.
Simple Start- $12/month
- Tracking income and expenses
- Invoice payments
- Maximizing tax deductions
- Run reports
- Organize receipts
- Tracking miles
- Managing cash flow
- Track sales
- Formulate sales tax
- Send estimates
- Manage 1,099 contactors in one account
Essentials- $25/month
- Tracking income and expenses
- Invoice payments
- Maximizing tax deductions
- Run reports
- Organize receipts
- Tracking miles
- Managing cash flow
- Track sales
- Formulate sales tax
- Send estimates
- Manage 1,099 contactors in one account
- Includes 3 additional users
- Management and payment of bills
Plus- $40/month
- Tracking income and expenses
- Invoice payments
- Maximizing tax deductions
- Run reports
- Organize receipts
- Tracking miles
- Managing cash flow
- Track sales
- Formulate sales tax
- Send estimates
- Manage 1,099 contactors in one account
- Includes additional 5 users
- Track inventory
- Track project profitability
Advanced - $90/month
- Tracking income and expenses
- Invoice payments
- Maximizing tax deductions
- Run reports
- Organize receipts
- Tracking miles
- Managing cash flow
- Track sales
- Formulate sales tax
- Send estimates
- Manage 1,099 contactors in one account
- Includes 25 additional users
- Business analytics
- Batch invoice and expenses
- Customize roles
- Restore entry data points
- On-demand training online
- Automated workflows
- Premium apps exclusive to the package
One time purchase packages
| Number of users | Cost |
|---|---|
| 1 | $649.99 |
| 2 | $999.99 |
| 3 | $1,399.99 |
| 4 | $1,749.99 |
| 5 | $2,099.99 |
You have to take note that the one time purchase option will only allow you to use this license for three years. After that period, you still own the product but some features are stripped off like live support and updates.
Additional Information About QuickBooks Premier
What is the difference between QuickBooks Pro and QuickBooks Premier?
The biggest difference between the two software is the versatility of QuickBooks Premier. Quickbooks Premier offers industry-specific features like non-profit and contractor editions that are absent in the pro edition. While you can choose either one, the Pro version is more for a general user base of business owners as opposed to those who are in a specific industry like manufacturing or distribution.
How much does QuickBooks premier cost?
Depending on how you want to buy your package, it can cost as cheap as $12 a month, to $2,099.99 for a lifetime. But do note that the pricing is entirely dependent on what you intend to pay and your allocated budget for the software.
What are the system Requirements for QuickBooks Premier?
Operating systems:
- Windows 10, all editions including 64-bit, natively installed
- Windows 8.1, all editions including 64-bit, natively installed
- Windows Server 2019, Standard and Essentials
- Windows Server 2016, Standard and Essentials
- Windows Server 2012 R2, Standard and Essentials
- Windows Server 2012, Standard and Essentials
Database servers:
| Windows |
|
|---|---|
| Linux |
|
Browsers
QuickBooks on the desktop in 2021 requires an internet connection and Internet Explorer version 11 (32-bit)
Hardware and software
| Processor | 2.4 GHz minimum |
| RAM | 4GB minimum, 8 GB Recommended |
| Server RAM requirements |
|
| Disk Space |
|
| Windows |
|
| Optical drive | 4X DVD-ROM drive required for physical CD installations4 |
| Screen Resolution |
|
Revisit a section
- How do you use QuickBooks Desktop Premier?
- What is QuickBooks Premier?
- Who uses QuickBooks Premier?
- Different QuickBooks Premier Editions
- Some Great QuickBooks Desktop Premier Features
- QuickBooks Premier Pricing
- Monthly packages
- One time purchase packages
- What is the difference between QuickBooks Pro and QuickBooks Premier?
- How much does QuickBooks premier cost?
- What are the system Requirements for QuickBooks Premier?