QuickBooks Enterprise vs TallyPrime

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Our analysts compared QuickBooks Enterprise vs TallyPrime based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

QuickBooks Enterprise is an accounting ERP that enables users to hold one million patrons, vendors and inventory items, 100,000 classes, 45 custom fields and no more than 40 users. Users can manage bookkeeping, inventory, reporting, pricing rules, job costing,time tracking and more.

Its noteworthy features include pricing, job costing, hosting, field service management, order management and more.
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TallyPrime is a business management software catering primarily to small and medium-sized businesses (SMBs) across various industries. It offers a comprehensive suite of features encompassing accounting, inventory, taxation, payroll, and compliance management. Prized for its user-friendly interface and robust data security, TallyPrime simplifies financial tracking, reporting, and inventory control. Popular features include multi-lingual support, remote access capabilities, and customizable dashboards for real-time business insights. Compared to similar products, users praise TallyPrime's affordability, strong customer support, and ease of implementation. However, some find its interface less modern and its reporting functionalities less flexible than competitors. Pricing typically falls within the mid-range for SMB accounting software, with options for one-time purchases or annual subscriptions based on the number of users and required modules.

Pros
  • User-friendly interface
  • Robust data security
  • Affordable pricing
  • Strong customer support
  • Easy implementation
Cons
  • Less modern interface
  • Limited reporting flexibility
  • Not ideal for large enterprises
  • Fewer integrations compared to competitors
  • Occasional performance issues
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$1,922 Annually
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Tailored to your specific needs
$8 Monthly
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Maintain Order Fulfillment: Handle every aspect of the order fulfillment process from beginning to end via advanced inventory management, barcode scanning and strengthened picking, packing and shipping. 
  • Track Projects: Maintain cash flow, construct more accurate estimates and keep revenue profitable by following job costs throughout several construction projects. 
  • In-Depth Reports: Leverage the advanced reporting apparatus to draft documents with suitable KPIs and contemplate better business strategies. 
  • Several Reports: Browse more than 200 report templates and 70 tailored industry documents via the reporting accessory. 
  • Adjust Pricing: Govern, alter and initiate automatic fees with the advanced pricing module. 
  • Offer Discounts: Establish quantity discounts, manufacturing markdowns, seasonal and scheduled promotions and top-priority customer rules. 
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  • Streamlined operations: TallyPrime centralizes accounting, inventory, payroll, and compliance tasks within a single platform, eliminating data silos and manual redundancies. This consolidation leads to smoother workflows, improved accuracy, and a reduction in administrative overhead.
  • Enhanced financial visibility: The software generates real-time reports, dashboards, and financial statements, providing up-to-the-minute insights into business performance. This transparency empowers informed decision-making, proactive budgeting, and better financial control.
  • Optimized inventory management: TallyPrime tracks stock levels, monitors product movement, generates purchase orders, and automates stock reordering. This optimization ensures inventory accuracy, minimizes stockouts, and reduces carrying costs.
  • Simplified compliance: The software automates tax calculations, generates compliant reports, and streamlines tax filing processes. This helps businesses stay up-to-date with evolving tax regulations and mitigate compliance risks.
  • Enhanced decision-making: The data-driven insights provided by TallyPrime empower businesses to make informed decisions regarding resource allocation, pricing strategies, inventory optimization, and financial planning.
  • Improved productivity: Automation of recurring tasks, intuitive navigation, and multi-user capabilities boost staff productivity and free up time for more strategic initiatives.
  • Enhanced collaboration: Role-based access and multi-user capabilities foster seamless collaboration across departments, ensuring data integrity and streamlining communication.
  • Enhanced security: TallyPrime safeguards sensitive financial data with robust security measures, including data encryption, access controls, and audit trails. This protects against unauthorized access, data breaches, and financial irregularities.
  • Improved customer satisfaction: Accurate invoicing, timely payment processing, and streamlined customer support contribute to enhanced customer experiences and stronger business relationships.
  • Scalability: The software can accommodate business growth with ease, supporting multiple users, locations, and expanding operations without requiring system overhauls.
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  • User Permissions: Permit anywhere from one to 40 users that work simultaneously on this solution and initiate user permissions to safeguard confidential information. Choose from one of 14 preset roles for new users and permit which users can review, alter or erase particular patrons, suppliers or data. 
  • Payroll:  Construct infinite checks, initiate direct deposit, sort payroll taxes and generate W2 forms. Users may install calendar reminders to meet payroll tax deadlines on time. 
  • Reporting: Peruse more than 200 adjustable report templates suitable for particular industries or create reports from scratch. 
  • Payments: Maintain updates and allocate costs straightaway to banks to always stay in the loop of bottom lines. Instantly match, attach and chronicle ACH and credit transactions made within QuickBooks. 
  • Time Tracking: Contrast and compare budgeted against actual hours, distribute responsibilities and track progress. Managers and clients may effortlessly validate finished timesheets and projects from mobile devices with the digital signature capture extension. 
  • Bank Management: Arrange bank transactions faster with improved payee, account and class matching. Leverage improved regulations and batch editing to reduce data entry and recognize and fix issues. 
  • Payment Receipts: Tailor receipts with business logos and more for a professional and consistent format for patron messages. 
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  • Invoicing and Accounting: Create GST-compliant invoices, manage receivables and payables, track expenses, reconcile bank statements, generate financial reports, and manage multiple ledgers.
  • Inventory Management: Track stock levels, set reorder points, generate purchase orders, manage multiple warehouses, track batch and serial numbers, and handle multiple stock valuation methods.
  • Payroll: Calculate salaries, generate payslips, manage employee attendance, track leave balances, process statutory deductions, and comply with payroll regulations.
  • Taxation: Automate GST calculations, generate tax reports, file GST returns, manage e-way bills, and comply with other tax regulations.
  • Customizable Dashboards: Create personalized dashboards to visualize key business metrics, track performance trends, and gain real-time insights.
  • Remote Access: Access TallyPrime from anywhere with an internet connection, enabling remote work and collaboration.
  • Multi-lingual Support: Operate the software in various Indian languages, catering to diverse user preferences.
  • Data Security: Protect sensitive data with multi-level security measures, including encryption, password protection, and access controls.
  • Industry-Specific Features: Cater to the unique needs of specific industries, such as manufacturing, retail, distribution, and healthcare, with tailored features and reporting capabilities.
  • Customization Options: Tailor the software to specific business needs through user-defined fields, report formats, and workflows.
  • Integrations: Connect with external applications like bank feeds, payment gateways, and e-commerce platforms.
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Product Ranking

#27

among all
Accounting Software

#340

among all
Accounting Software

Find out who the leaders are

Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

QuickBooks Enterprise
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Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 89 88 93 69 98 100 58 100 77 60 72 82 60 70 62 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Excellent User Sentiment 17875 reviews
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90%
of users recommend this product

QuickBooks Enterprise has a 'excellent' User Satisfaction Rating of 90% when considering 17875 user reviews from 4 recognized software review sites.

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Awards

QuickBooks Enterprise stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

SelectHub research analysts have evaluated TallyPrime and concluded it earns best-in-class honors for Inventory Management.

Inventory Management Award

Synopsis of User Ratings and Reviews

Implementation: Of the users who discussed this program's implementation process, roughly 57% said it was straightforward and the interface was easy to learn.
Performability: Approximately 63% of users who mentioned this solution's overall performance stated it's great for entrepreneurs and small businesses and makes mundane bookkeeping tasks simple.
Functionality: Of the users who addressed this application's features, 68% said it's feature-rich, offers payroll and sales tax management and effortlessly tracks account receivables.
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Simplified Accounting: Automates various accounting processes, from invoicing and GST compliance to bank reconciliation and financial reporting, saving time and minimizing errors.
Customizable Dashboards: Offers personalized dashboards with key performance indicators (KPIs) for a quick overview of business health, enabling informed decision-making.
Enhanced Inventory Management: Tracks stock levels, monitors movement, and generates reorder alerts to ensure optimal inventory control and prevent stockouts.
Secure Data Handling: Prioritizes data security with multi-level access controls, data encryption, and regular backups to protect sensitive financial information.
Scalability for Growth: Adapts to expanding business needs with modular licensing options, accommodating increased data volume and user count as the company grows.
Mobile Accessibility: Offers remote access through mobile apps for Android and iOS, enabling users to manage finances on the go and stay connected to business data.
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Training: Nearly 42% of users who discussed the software's training process said it had a slightly toilsome learning curve.
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Learning Curve: Steeper learning curve compared to some alternatives due to unique voucher entry system and extensive features, requiring time and effort to master.
Limited Customization: Offers restricted customization options in certain areas, potentially limiting flexibility for businesses with unique workflows or reporting needs.
Integration Challenges: Integration with third-party applications can be complex and may require additional development or reliance on third-party add-ons, hindering seamless workflows.
Performance Issues: Some users report occasional performance slowdowns, especially when handling large data volumes or running multiple tasks simultaneously, potentially impacting productivity.
Customer Support: Mixed experiences with customer support, with some users finding it helpful and responsive while others report delays or limited expertise in resolving complex issues.
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QuickBooks Enterprise is a thorough accounting ERP with features aplenty — such as user permissions, reporting, bank management, payroll, time tracking and more — to keep bookkeeping tasks hassle free. Although some users find that the training materials and installation process were difficult, the majority found the implementation satisfactory and the interface manageable. This platform is handy for small businesses and entrepreneurs as it streamlines routine accounting assignments. Most users find this ERP an efficient accessory.

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TallyPrime garners praise for its robust accounting features, user-friendly interface, and strong data security. Users appreciate its ability to automate tasks like invoicing and GST compliance, saving them time and minimizing errors. Additionally, customizable dashboards and mobile accessibility are lauded for providing real-time business insights and on-the-go management capabilities. However, some find its initial learning curve steeper than competitors like QuickBooks due to its unique voucher entry system. While its feature set is extensive, limited customization options might restrict flexibility for businesses with specific workflows. Integration with third-party applications can also be challenging, requiring additional effort or reliance on external solutions. TallyPrime's strengths lie in its comprehensive accounting functionalities, data security measures, and affordability compared to similar ERP systems. However, its steeper learning curve and limited customization options might deter beginners or businesses with unique needs. Users considering TallyPrime should weigh its strengths against its potential drawbacks and compare it to alternatives based on their specific requirements and technical expertise.

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