QuickBooks Premier Reviews & Pricing

by Intuit | Founded 1983, Palo Alto, California

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What is QuickBooks Premier?

Industry Specialties: General Business, Contractor, Manufacturing and Wholesale, Retail, Professional Services, Non-Profit.

QuickBooks Premier is a robust accounting software designed to streamline financial management for small to medium-sized businesses. It excels in handling complex accounting tasks, making it ideal for industries such as retail, manufacturing, and non-profits. Users appreciate its ability to manage inventory, track expenses, and generate detailed financial reports. A standout feature is its industry-specific tools, which cater to unique business needs, enhancing operational efficiency. The software's user-friendly interface and comprehensive support options make it accessible even for those with limited accounting experience. Compared to similar products, QuickBooks Premier is praised for its depth of features and customization capabilities. Pricing varies based on the number of users and specific requirements, so contacting SelectHub for a tailored quote is recommended. Overall, QuickBooks Premier is a versatile and powerful solution for businesses seeking to optimize their accounting processes.

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QuickBooks Premier Pricing

Based on our most recent analysis, QuickBooks Premier pricing starts at $29 (Monthly).

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Starting From: $29
Pricing Model: Monthly
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

Enhanced Financial Management: QuickBooks Premier offers advanced tools for tracking income and expenses, allowing businesses to maintain accurate financial records and make informed decisions.
Industry-Specific Reporting: Tailored reports for industries such as manufacturing, retail, and nonprofits provide insights that are directly relevant to your business sector, improving strategic planning.
Improved Cash Flow Management: With features like cash flow forecasting, businesses can better predict and manage their cash flow, ensuring they have the funds needed for operations and growth.
Efficient Inventory Tracking: The software allows for detailed tracking of inventory levels, costs, and sales, helping businesses optimize stock levels and reduce waste.
Streamlined Payroll Processing: QuickBooks Premier simplifies payroll management, ensuring employees are paid accurately and on time, while also handling tax calculations and filings.
Comprehensive Job Costing: Businesses can track expenses and revenues for specific projects, providing a clear picture of profitability and helping to manage project budgets effectively.
Multi-User Collaboration: The software supports multiple users, enabling team collaboration and ensuring that everyone has access to the latest financial data.
Customizable Invoices: QuickBooks Premier allows businesses to create professional, branded invoices that can be customized to meet specific client needs, enhancing customer satisfaction.
Seamless Integration: The software integrates with a variety of third-party applications, such as CRM and e-commerce platforms, streamlining operations and reducing data entry errors.
Robust Security Features: With user permissions and data encryption, QuickBooks Premier ensures that sensitive financial information is protected from unauthorized access.
Time-Saving Automation: Automating routine tasks like recurring billing and bank reconciliation frees up time for business owners to focus on strategic activities.
Accurate Tax Preparation: The software helps businesses prepare for tax season by organizing financial data and generating necessary reports, reducing the risk of errors and penalties.
Scalable Solutions: As businesses grow, QuickBooks Premier can scale to meet increasing demands, offering additional features and capabilities to support expansion.
Comprehensive Support Resources: Users have access to a wealth of support options, including tutorials, forums, and customer service, ensuring they can resolve issues quickly and efficiently.
Enhanced Budgeting Tools: Businesses can create detailed budgets and track performance against them, aiding in financial planning and resource allocation.

Industry Expertise

QuickBooks Premier is designed for small to medium-sized businesses that need industry-specific features, such as those in retail, manufacturing, wholesale, non-profit, professional services, or contracting. It offers advanced reporting, expense tracking, inventory management, and sales tax calculation, making it a suitable choice for businesses with more complex accounting needs than those using QuickBooks Pro Plus.

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 Reports: QuickBooks Premier offers over 150 reports tailored to industries like manufacturing and retail, so you can analyze data relevant to your field.
Customizable Reports: Users appreciate that QuickBooks Premier allows them to tailor reports to their specific needs, giving them a more in-depth understanding of their business's financial health.
Integration with Other Software: User reviews often praise QuickBooks Premier for its seamless integration with programs like Microsoft Excel, which simplifies data management and analysis.
User-Friendly Interface: Many user reviews highlight the software's intuitive design, making it easy for even those without deep accounting knowledge to navigate and utilize its features.

Cons

Limited Users: QuickBooks Premier only allows up to five users, which is not ideal for larger businesses or those expecting growth.
Extra User Fees: Going over the five-user limit can get pricey, as each additional user costs $300, potentially straining budgets, especially for small businesses.
Reporting Challenges: User reviews mention difficulties with bank reconciliation and limited report customization options, which may hinder in-depth financial analysis.
Desktop-Based: QuickBooks Premier requires installation on individual computers, which might not be suitable for businesses seeking the flexibility and accessibility of cloud-based solutions.

Researcher's Summary:

Is QuickBooks Premier really accounting's prime time player? User reviews from the past year paint a nuanced picture of this popular accounting software. While QuickBooks Premier scores points for its user-friendly design and powerful features, some significant drawbacks hold it back from achieving accounting software greatness. Users rave about the software's intuitive interface, with one user stating, "It's a breeze to use, even for someone without an accounting degree." Another user highlighted the value of the industry-specific reports, saying that QuickBooks Premier "delivers insights tailored to my field, which helps me make smarter business decisions."

However, QuickBooks Premier's pricing structure and lack of cloud storage are major pain points for users. The hefty fee for adding users is a common gripe, with many finding the additional cost per user to be a budget buster. Additionally, the absence of cloud storage is a dealbreaker in today's increasingly interconnected world. One user expressed frustration, stating, "The lack of cloud storage is a major headache. I need access to my financial data from anywhere, not just my office desktop."

In a nutshell, QuickBooks Premier is a solid 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 user-friendly design make it a practical choice for businesses seeking advanced accounting functionality without the high price tag and extensive scalability of enterprise-level solutions. However, businesses with larger teams or those requiring cloud accessibility may want to explore other options, such as Xero, which offers similar features with a more flexible pricing structure and cloud-based storage.

Key Features

Notable QuickBooks Premier features include:

Industry-Specific Reports: Tailored reports for industries like manufacturing, retail, and non-profit to provide relevant insights.
Job Costing: Track expenses and profitability for individual projects, helping businesses manage project budgets effectively.
Inventory Center: Manage inventory items with ease, including tracking quantities, costs, and sales prices.
Sales Orders: Create and manage sales orders to streamline the order fulfillment process.
Advanced Pricing Controls: Set up custom pricing rules and discounts based on customer or item criteria.
Bill Tracker: View and manage bills in one place, providing a clear picture of outstanding payables.
Forecasting Tools: Use historical data to create financial forecasts and plan for future business needs.
Batch Invoicing: Generate invoices for multiple customers simultaneously, saving time on repetitive tasks.
Class Tracking: Categorize income and expenses by department, location, or any other segment for detailed financial analysis.
Customizable Chart of Accounts: Tailor the chart of accounts to fit the specific needs of your business structure.
Enhanced Payroll Features: Manage payroll with options for direct deposit, tax calculations, and compliance updates.
Multi-Currency Support: Handle transactions in multiple currencies, ideal for businesses with international dealings.
Budgeting Tools: Set up budgets and compare actual performance against projections to monitor financial health.
Time Tracking Integration: Sync with time tracking tools to accurately bill clients and manage employee hours.
Vendor Management: Organize vendor information and track purchase orders, bills, and payments efficiently.
Customer Snapshot: Access a comprehensive view of customer information, including outstanding balances and transaction history.
Document Center: Store and attach documents to transactions for easy reference and organization.
Audit Trail: Maintain a detailed log of all changes made in the system for accountability and compliance purposes.
Customizable User Permissions: Control access levels for different users to protect sensitive financial data.
Integration with Microsoft Excel: Export reports and data to Excel for further analysis and reporting flexibility.