What Is QuickBooks Premier?

Having a small business can be hard, but QuickBooks can help you keep your finances organized and your time productive. This software helps you track expenses, stay on top of invoices, and get reliable reports for tax time. Its additional automation features can boost productivity. Its price is also reasonable, so it is an excellent choice for many business owners.

Features of QuickBooks Premier

QuickBooks Premier 2020 offers many features that you may find helpful in running a small business. For example, the program allows you to create invoices from any source and convert them into purchase orders or quotations. It also allows you to keep track of the current availability of your products and services. With these features, you can ensure that your inventory is always up to date and prevent duplicate transactions. Another feature of Premier is the ability to view your previous reconciliations and track the status of any outstanding invoices.

QuickBooks 2020 also has improved accessibility for those who are visually impaired. The program has a new column collapse feature that makes the program easier to use for visually impaired users. It also has improved search options and a live chat feature that can help you get help. The software is also compatible with multiple connected devices and offers help via email and live chat.

Another new feature is the Landed Cost feature, which is a very powerful way to keep track of your inventory costs. The landed cost feature displays the overall cost of a product including miscellaneous costs, duties, and freight. It also accounts for the material costs associated with obtaining inventory stocks, which will give you a clear picture of the costs associated with a product. You can also view landed cost by quantity, value, and weight, enabling you to better manage your inventory.

QuickBooks Premier 2020 also includes a more secure data exchange mode. It also comes with improved Smart Help content. It also supports the use of bank feeds, which is a common feature of other accounting programs.

Drawbacks of the Premier Plus plan

If you’re looking for a more advanced accounting solution than the free version of QuickBooks, the Premier Plus plan may be the right option. This plan includes industry-specific reports, sales orders, and forecasts. In addition, it also offers advanced inventory features. However, it’s not as user-friendly as its competitors. Users may have to spend a lot of time learning and mastering the software.

The Premier Plus plan is more expensive than the free version of QuickBooks. If you plan to use the software on several computers, you might need the Premier Plus plan. While Pro Plus can accommodate up to three users, Premier Plus can support up to five. It’s not as flexible as Xero, which can accommodate unlimited users.

Quickbooks Online is another great option. It includes strong reporting features but doesn’t have as many industry-specific tools as the Premier Plus plan. The Basic plan doesn’t include inventory tracking, while the Advanced plan costs $180 per month. Xero’s Premier plan costs less than the Premier Plus plan, but it gives you unlimited users and customer support.

While the Premier Plus plan comes with a variety of features, it’s not cloud-based. It also doesn’t offer real-time data access, and isn’t compatible with multiple computers. In addition, you’ll only get 100GB of storage, but the payroll feature isn’t included. You’ll need to pay an additional $2 per employee.

The Premier Plus plan allows users to create invoices in batch and track expenses and sales in multiple currencies. It also helps users create budgets and manage their time and expenses. It also has industry-specific options for contractors, such as job cost organization. It can also generate donation records and generate tax forms. It also has support for manufacturing, professional services, and retail businesses.

Industry-specific features of QuickBooks Premier

QuickBooks Premier 2020 includes several industry-specific features to make managing your accounting simpler. For example, it includes a feature that lets you automatically enter product prices on barcodes. You can add prices for inventory items directly in the program, or you can use the product entry screen to do so. When you do so, you can choose the Include Item Sales Price option, which will be included on barcode scanning labels. This feature allows retailers to avoid the trouble of adding separate pricing labels to each piece of merchandise.

For example, Premier includes features found in QuickBooks Pro, as well as industry-specific features that are useful for companies in the retail, manufacturing, or service industries. These include backorder tracking and customer PO numbers. It also allows you to consolidate multiple invoices into one email. This feature also makes the process of customer payments easier.

QuickBooks Premier is a subscription-based program that enables businesses to manage their finances easily and effectively. The program is designed to provide small businesses (SMBs) with a solid financial foundation. In addition, it includes proactive customer support, bill payment, and hassle-free check printing. You can upgrade to QuickBooks Premier Plus for even more features, including automated data backup and data recovery. The program is also supported by online training classes and live chat.

As a small business, you should consider QuickBooks Premier for your accounting needs. It has a host of features to suit your specific needs. Whether you have a single employee or a multi-user business, the program will suit your needs.

Cost of QuickBooks Premier

There are several options to reduce the cost of QuickBooks 2020 Premier. The first option is the free trial version of the program, which is offered for three months. After the trial period is up, you’ll be charged a flat monthly fee for the software. If you want more features, you can add them to a monthly subscription. However, be aware that the price will increase with the number of users and cloud access.

The Pro version of QuickBooks allows up to three users while the Premier version allows up to five. The Premier version comes with an additional feature called Time Elite. This feature helps you track employee hours and billable hours. It can also be shared with an accountant. The latter can update and make changes to the data in the company file.

The Premier version offers several advanced features, such as forecasting and project profitability. These features are particularly useful for businesses that need to create reports for tax purposes or to obtain additional funding. Its other features include payroll integration, bank transaction management, and 24/7 chat support. QuickBooks has also recently launched a cloud-based accounting service, QuickBooks Online. This platform is a great choice for organizations who want to move their accounting operations to the cloud.

QuickBooks 2020 Premier comes with additional features, which add to its price. The Platinum and Diamond subscriptions include advanced inventory and pricing. They both require an internet connection. You can also subscribe to the Enterprise version to receive advanced reporting.

Comparison between QuickBooks Premier and QuickBooks Pro

When deciding which version of QuickBooks is right for your business, it can be helpful to look at the different features that each version offers. For example, a Premier plan may include additional features that a Pro plan does not. Both programs have similar features, but you may find certain tasks to be easier to perform in one than the other.

QuickBooks Pro allows you to create and manage financial reports, such as balance sheets and profit and loss analyses. In addition, you can also create expense reports and track sales. Depending on your industry, you can keep track of profitability by product, client, or project. Whether you need this level of financial management or not, both Pro and Premier will provide you with the tools you need to run your business smoothly.

Premier is cheaper and more customizable than Pro, and it includes more functionality for different business needs. Plus, it allows you to store more than one company file. Although QuickBooks Premier has a limited three-year support period, the Premier version is available with a “Plus” subscription for additional three-year support.

QuickBooks Premier is a more sophisticated accounting solution for smaller businesses. It helps small business owners forecast future sales and expenses, and it helps them decide on expansion plans and other financial needs. QuickBooks Premier also allows contractors to manage expenses and create custom job cost reports. In addition, it lets you accept credit card payments and track customer payment history.

In addition to industry-specific features, QuickBooks Premier also has more features for tracking inventory. The Premier version allows up to five simultaneous users and offers more functionality in this area. You can also track sales tax and time.