To this end, QuickBooks Desktop is still one of the most common software programs used for a business accounting system. However, it is essential to select a license plan for your business as per its requirements.
So, let’s discover the cost and user limitations of QuickBooks desktop license and the workloads supported by the different licenses to help you choose the right one for you and your business.
Pro License
This license allows only one user to access the features, and it costs $147. QuickBooks Pro edition has a licenses for one computer user to handle the financial transactions of a business on one PC.
This is the basic package for the users where billing for a single user or a sole proprietorship firm or a small business firm with simple requirements of invoicing and payment.
The Pro edition is good for individuals, freelancers, small business with insignificant accounting requirements, or businesses with several employees. The annual subscription also comes with customer support via phone and chat which will prove useful for the small business owners when they are just creating an account in quick books.
There are a number of factors to consider when choosing the right QuickBooks Desktop edition, including the number of users, the necessary features, and the price for the company.
Premier License
The higher tier of Premier comes with more added features such as project costing, inventory management, and access from any location for up to five employees.
Therefore, if you are planning on adding staffs in the next one year and right now you are having 2-4 staffs handling different accounting responsibilities, then Premier has more multiple user functionality.
You can give user rights such that everyone does not see everything, but only what he needs as an accounting, sales or purchasing or operation staff. While the Premier version will cost more initially, it can benefit the growth of a small business for their basic accounting needs.
Premier is designed for server-based use, while Enterprise provides more options and features, while Pro is intended for a single basic user with simple finances. With regards to the outer bookkeepers, the Bookkeeper Version as well as offers explicit devices and consents for agreeable work on a few clients’ records simultaneously.
Additional Features
Enterprise Solutions are for bigger clients as they offer more advanced functionalities that relate to their financial standings. It is applicable for up to 30 users and has advanced options such as custom fields/forms, improved inventory and pricing, custom reports, and improved budgeting options.
It also provides higher transaction volume facilities and can go up to a greater extent from mid-range operations to large scale enterprises. Besides phone support, Enterprise also offers chat support and an account manager for fully-bespoke support.
And for the needs of the companies requiring further accounting services, customization and specific services, there is QuickBooks field service management, the ultimate level.
External Accountant Access
The Accountant Edition allows external accounting professional or bookkeeper to access QuickBooks of your business clients. This enables accountants to see and amend data relating to the various customers, without needing multiple premier licenses for each organization.
But the clients do not need the Accountant Edition themselves. This license tier is charged per accounting professional user and is above the Premier edition, as it includes all its features and more, tools for batch invoicing, access from outside and multiple client’s management.
It is useful to those accounting firms or bookkeepers who work with the finances of various companies or businesses, the Accountants Edition is a useful tool. As a result, the appropriate license type can be determined by general and more in-depth business expansion strategies for meeting future operational accounting and reporting requirements.
Conclusion
Selecting the correct QuickBooks Desktop edition involves a number of the user, the functionalities required and cost for the business. Pro is designed for the single basic user and simple finances.
Premier is designed for server-based usage and Enterprise offers more options and features. As to the external accountants, the Accountant Edition as well as offers specific tools and permissions for comfortable work on several clients’ accounts at the same time.
Thus, general and more extensive strategies of business expansion to meet future operational accounting and reporting requirements can clarify which license type is suitable.
