Overview of Different Industry-Specific Versions of QuickBooks Enterprise
QuickBooks Enterprise is one of the versions of QuickBooks designed to provide the accounting needs of larger firms.
Compared to other versions of the software (QuickBooks Online and QuickBooks Desktop), QuickBooks Enterprise has more developed features, making it more expensive than other versions. Another significant thing about QuickBooks Enterprise is its industry-specific versions and we'll be looking at each of them soon. But before we delve into the different industry-specific versions of QuickBooks Enterprise, let's consider the major advantages of the QuickBooks Enterprise.
Key Benefits of the Standard QuickBooks Enterprise
1. Job Costing
Job costing is one of the major reasons why businesses prefer QuickBooks Enterprise to Quickbooks Desktop. With QuickBooks Enterprise, users can track time, create estimates and run job costing reports. The job costing capability of this program puts it ahead of other QuickBooks versions.
2. Better and Longer Support
QuickBooks Enterprise subscription gives users access to free tech support for at least one year. The support is not just for a long time but it is also the best as it is offered directly from the experts via the Intuit Priority Circle.
3. Access to an Online Vault
Apart from the tech support, QuickBooks Enterprise subscription also offers one year of free access to an online vault where you can backup your data to keep your reports safe.
4. Integration to other applications
QuickBooks Enterprise allows users to connect to other applications that could be helpful to their businesses without having to install the applications separately. This means that tasks like payroll tracking, supply chain management and inventory tracking can be performed through the software.
5. Supports larger files and more users
QuickBooks Enterprise supports up to 30 users at a time. Also, the software allows users to process large files of about 1GB in size compared to the Pro version that supports files of only 200MB.
Industry-Specific Versions of QuickBooks Enterprise
There are about six industry-specific versions of QuickBooks Enterprise and each of these versions has the features and benefits of the standard QuickBooks Enterprise as explained above. However, there are other features designed for just specific industries.
1. QuickBooks Contractor Edition
This edition is designed for contracting and construction businesses and other businesses particularly interested in advanced job costing and project management. Distinct features of this edition include advanced job costing, custom billing, contractor reports and change orders.
2. QuickBooks Nonprofit Edition
The first thing you might notice in the QuickBooks nonprofit edition is the use of donors and volunteers in the place of customers and employees respectively. This is just to introduce the nonprofit environment within the software and it quite interesting. Features unique to this industry include pledges, nonprofit reports, donations and donor letters.
3. QuickBooks Accountant Edition
This edition is particularly for accountants and accountancy firms who are in charge of multiple businesses' accounts. This edition also offers learning and training resources with other interesting features like accountant center, journal entries, batch transactions and working trial balance.
4. QuickBooks Manufacturing and Wholesale Edition
As the name implies, this edition is designed for manufacturers and wholesalers. The manufacturing and wholesale industries usually have to handle large inventories every day and as such, they are always in need of many users and dynamic sales reports. The QuickBooks manufacturing and wholesale edition offers specific features like sales order fulfillment, worksheet and forms, backorder tracking and manufacturing reports.
5. QuickBooks Retail Edition
QuickBooks retail edition is suitable for large enterprises in the retail industry. Just like the manufacturing and wholesale industry, the retail industry handles large inventories daily and is also in need of strong sales reports. Remember that one of the functions of the standard QuickBooks Enterprise is its ability to integrate to other applications including retail apps like QuickBooks POS and Shopify. Apart from the standard benefits, this edition also offers sales order fulfillment, vendor returns, retail reports and worksheet and forms.
6. QuickBooks Professional Services Edition
There is a wide variety of professional services some of which are; marketing, engineering, graphics designing and publishing. This edition is suitable for any of these services and more. Functions of the QuickBooks professional services include cash flow monitoring, budget forecasting, estimating and task tracking. This edition also helps users to send invoices in few clicks, track unbilled time and expenses, analyze profitability and also set different billing rates for clients and vendors.