QuickBooks Premier Reviews & Pricing

by Intuit | Founded 1983, Mountain View, CA

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Overview Pricing Benefits Reviews Features

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What is QuickBooks Premier?

Industry Specialties: General business, general contractor, manufacturing and wholesale, nonprofit, professional services and retail

QuickBooks Premier is a comprehensive software solution designed to streamline accounting tasks for small to mid-sized businesses. It excels in managing financial operations such as invoicing, payroll, expense tracking, and financial reporting. This software is particularly well-suited for industries like manufacturing, retail, non-profit, and professional services due to its industry-specific features and customizable reporting tools.

One of the standout benefits of QuickBooks Premier is its ability to handle complex accounting needs with ease, offering robust inventory management, job costing, and advanced budgeting capabilities. Users appreciate its user-friendly interface and the depth of its functionality, which allows for detailed financial analysis and efficient bookkeeping.

Compared to similar products, QuickBooks Premier is often praised for its reliability and the breadth of its features, which cater to a wide range of business needs. Pricing details can vary, so it's advisable to contact SelectHub for a tailored quote based on specific requirements.

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QuickBooks Premier Pricing

Based on our most recent analysis, QuickBooks Premier pricing starts at $550 (Annually).

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Starting From: $549.99
Pricing Model: Annually
Free Trial: Yes, Request for Free

Training Resources

QuickBooks Premier is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for QuickBooks Premier:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

QuickBooks Premier Benefits and Insights

Why use QuickBooks Premier?

Key differentiators & advantages of QuickBooks Premier

Inventory Center: Pinpoint items swiftly and carry out other inventory tasks with the inventory center module.
Estimations and Order Changes: Adjust orders and estimates as jobs change in real time and monitor how changes affect bottom lines.
Track Product Profitability: Monitor high-profit goods to better understand which ones to promote and which ones need to go.
Donation Statements: Manage contributions and locate big donors for year-end donor statements.
Trace Unbilled Expenses and Time: Review every patron's unbilled time and fee and arrange them by project, client, employee or service. Users may also distribute invoices in just a few clicks.
Administer Sales: Track sales with accuracy and pliancy via the sales summary form. Users may input total payments and taxable and non-taxable sales for any period, including days and weeks.

Industry Expertise

QuickBooks Premier is best suited for businesses that require industry-specific features and functionality, offering specialized editions tailored to industries like retail, manufacturing, wholesale, non-profit, professional services, and contracting. It provides advanced reporting, expense tracking, inventory management, and other features that cater to the unique needs of these industries.

Synopsis of User Ratings and Reviews

Based on an aggregate of QuickBooks Premier reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Industry-Specific Reporting: QuickBooks Premier offers over 150 reports tailored to industries like manufacturing and retail, so you can analyze data relevant to your field.
Streamlined Accounting: The software handles tasks like invoicing and tracking sales and expenses, simplifying your financial management.
Strong Support System: QuickBooks Premier users benefit from a large community and dedicated customer service for assistance.

Cons

User Limit: QuickBooks Premier only supports a maximum of five users, posing a significant constraint for larger businesses or those anticipating rapid growth.
Additional User Cost: Expanding beyond the five-user limit can be expensive, with each additional user costing $300, potentially straining budgets, especially for small businesses.
Reporting Limitations: Some users have reported challenges with bank reconciliation and a lack of flexibility in customizing reports, potentially hindering in-depth financial analysis.
On-Premise Deployment: QuickBooks Premier requires on-premise deployment, which might not be suitable for businesses seeking the flexibility and accessibility of cloud-based solutions.

Researcher's Summary:

Is QuickBooks Premier accounting software really as premier as its name suggests? User reviews from the past year reveal a mixed bag. While many appreciate its user-friendly interface and robust features, some drawbacks prevent it from achieving accounting software rockstar status. QuickBooks Premier shines in its comprehensive functionality, allowing users to effortlessly track sales, manage bills, and generate detailed inventory reports. One user praised the software's intuitive design, stating, "It's incredibly easy to use, even for someone without a strong accounting background." Another highlighted the value of its industry-specific reports, noting that the software "provides insights tailored to my industry, which helps me make informed business decisions."

However, QuickBooks Premier stumbles when it comes to pricing and scalability. The high cost of adding users is a common complaint, with many users finding the $300 per additional user fee to be excessive. Additionally, its lack of cloud-based storage is a significant drawback in today's increasingly cloud-centric world. One user lamented, "The absence of cloud storage is a major inconvenience. I need to be able to access my financial data from anywhere, not just my office computer."

Overall, QuickBooks Premier is a capable accounting software solution best suited for small to mid-sized businesses with limited users and a preference for on-premise software. Its comprehensive features and ease of use make it a solid choice for businesses seeking advanced accounting functionality without the hefty price tag and extensive scalability of enterprise-level solutions. However, businesses with larger teams or those requiring cloud accessibility may need to explore alternative options.

Key Features

Bank Transactions: Sort or edit bank transactions in batches by accounts, classes and clients automatically to import bank feeds faster.
Automatic Statements: Deliver tailored statements to customers and receive payments more expediently.
Mobile App: Leverage the QuickBooks Desktop app by photographing, inputting and evaluating categorized receipts.
Personalize Receipts: Add business logos and implement custom arrangements to payment receipts.
Customer Groups: Establish effective client communications with customer groups and organize them according to patron type, location and balance.
Balance Sheets: Track financial information including location, department and profit center on accessible balance sheets.
990 Forms: Seek and add expenses to 990 forms to present to the IRS, boards, donors and more.
Industry-Specific Reports: Tailored reports for various industries such as manufacturing, retail, and non-profit organizations.
Advanced Inventory Management: Track inventory levels, set reorder points, and create purchase orders seamlessly.
Sales Order Management: Create and manage sales orders, and convert them into invoices with ease.
Job Costing: Track expenses and profitability for individual projects or jobs, providing detailed insights into project performance.
Forecasting Tools: Generate financial forecasts to help plan for future business needs and growth opportunities.
Customizable Financial Statements: Create and customize financial statements such as balance sheets, profit and loss statements, and cash flow statements.
Batch Invoicing: Create and send multiple invoices to different customers in one go, saving time and effort.
Enhanced Payroll Services: Manage payroll, calculate taxes, and ensure compliance with state and federal regulations.
Multi-Currency Support: Handle transactions in multiple currencies, making it easier to do business internationally.
Class and Location Tracking: Track income and expenses by class or location to gain deeper insights into different segments of your business.
Budgeting and Planning: Create budgets and compare actual performance against budgeted figures to monitor financial health.
Time Tracking: Track billable hours and integrate with payroll for accurate employee compensation.
Customizable User Permissions: Set different access levels for users to ensure data security and integrity.
Automated Data Backup: Regularly back up your data to prevent loss and ensure business continuity.
Integration with Third-Party Apps: Connect with various third-party applications to extend functionality and streamline workflows.

Limitations

QuickBooks Premier is a robust solution, but some user feedback points to issues with reporting and integrations. The known limitations at the time of this review's publication include:

Some reports look funky or it's hard to review them
Trouble conducting third-party integrations

Suite Support

QuickBooks extends a customer portal to its users to log in and request help from experts or community forums.

Email: Email support is not available at this time.

Phone: Users may get in touch with sales Mondays through Fridays from 5 a.m. to 6 p.m. PST by dialing 1-800-568-0073.

Training: For training, users may browse several in-depth tutorial videos, webinars, articles and more on taxes, reports, sales and customers, banking and more.

Tickets: Ticket support is not available at this time.