Different versions of quickbooks accounting software

Different Versions of QuickBooks Accounting Software

Before you implement QuickBooks integration with your existing systems, you need to know that there are different versions of QuickBooks accounting software.

You need to choose one depending upon your business requirements. You certainly don’t want to use a highly sophisticated software for your startup. So first analyze your needs and accordingly select one that best fits your business.

The following blog discusses the important versions of QuickBooks.

QuickBooks Pro Primarily designed for small-sized businesses, QuickBooks Pro is a simple, yet offers robust functionalities for your accounting needs. Considered an entry level version of QuickBooks, it supports up to 3 features. Although it is a popular accounting software, it has only basic set of features, hence it cannot meet the industry-specific needs.

However, its simplicity can be gauged from the fact that it requires no training and you can master it in less than an hour.

QuickBooks Premier QuickBooks Premier provides increased functionality as compared to Pro. As your business grows, you will have to soon move from Pro to Premier. QuickBooks has more powerful, specialized features that make this accounting software suitable for manufacturing and retail companies.

QuickBooks Online As the name suggests, it is a cloud-based software that requires an Internet connection to your device (desktop, laptop, or smartphone) in order to access and operate the software application. You neither have to install additional software or hardware such as servers in order to use the software. Moreover, you can remote access your accounts from any device as long as it is connected to the Internet. This online accounting software is easily scalable, so you can meet your growing business needs efficiently and cost-efficiently. With QuickBooks online integration, you have anytime/anywhere online access of account books.

QuickBooks Enterprise QuickBooks Enterprise, an on-premise edition, is typically used by large business organizations and can support 1 to 30 users simultaneously. So typically when your business is more complex and managing it requires multiple users or locations, going for Enterprise edition is a better option.

This edition comes with advanced features which can help to handle the complexities in your business more efficiently. You can add up to 1 million names and moreover monitor thousands of vendors. No wonder, it has 6 times the capacity as compared to other QuickBooks products. It is an all-in-one solution that includes features like inventory management, reporting, and payroll processing.