Whether you are a current user of QuickBooks, or you’re still considering which accounting software to invest in, you should know about QuickBooks Enterprise.
Quickbooks Enterprise boasts more features than any other version of QuickBooks and is Intuit’s “mid market” offering. While it does cost more that QuickBooks Online or Desktop, the unique benefits more than make up for the extra cost of the software. We’ve identified 9 key advantages of QuickBooks Enterprise that make the higher price point well worth it for a growth-minded company.
1. Job Costing
Is there any surprise that job costing is one of the number one reasons people upgrade from QuickBooks Pro to QuickBooks Enterprise? QuickBooks Enterprise allows you to create estimates, track time and expenses against the estimate, and run detailed job costing reports (that are built in natively – no setup required!) to determine the profitability on each job. Accurate estimation is crucial for all types of businesses, and so robust job costing capabilities are a game changer for those switching to the software.
2. Backups are Easier Due to the Vault
When you sign up for a QuickBooks Enterprise subscription, as an extra feature, you also get a one-year subscription to an online vault. You can use this vault to back up your data. With 10GB of storage, the vault helps to keep your QuickBooks reports safe, and for no additional cost. In addition to your necessary accounting data, other files that can be stored include your spreadsheets, images, and other digital files of different formats. This is a unique benefit that comes with the use of the QuickBooks Enterprise, as the Pro and Premier versions do not have this.
3. Support Is Better for Longer
A QuickBooks Enterprise subscription opens access to free tech support for the accounting software for a period of one year at no cost. While the Pro software has this option too, the support is only available for a single month. If you are just switching over to the accounting software, you will need support for longer than a month. Additionally, the technical support available to Enterprise users is provided through the Intuit Priority Circle, which is staffed only by senior reps who deeply understand the product.
4. Training and Educational Materials
When you purchase QuickBooks Enterprise, the software comes with online training tools that are provided free of charge. You don’t get these useful materials when you use the Premier or Pro versions of the software. Of course, you can find many free training resources online, but they aren’t nearly as useful as the training provided by the developer, and the knowledge base hosted by Intuit themselves.
You’ll also have 1-year of free access to our QuickBooks Courses.
5. Licenses to Other Applications
The QuickBooks Enterprise bundle of the bookkeeping software comes with native integrations to many other applications that could prove useful to your business. A free license is provided for each of the applications bundled with the software, such as Intuit Field Service Management, and TrueCommerce EDI.
All of these are integrated into the QuickBooks Enterprise software so you don’t have to install them separately. When used in conjunction with the accounting software, your business gains unique advantages over the competition. You are able to perform inventory tracking, supply chain management, and even payroll tracking through the software.
6. Your User Capacity Is Increased
QuickBooks Pro maxes out at 3 users. QuickBooks Premier maxes out at 5 users.
QuickBooks Enterprise allows availability for up to 30 users on the company file, and allows you to run more than one company file. This can be incredibly useful if you plan on expanding your business into multiple branches over time. Moreover, you won’t run into any restrictions with the software.
7. Larger Files Can Be Processed
One of the biggest advantages of the enterprise version is the processing power bundled with it. Company data files vary in size, and the pro version is only able to process files of about 200MB in size before slowing down and crashing due to overload. With Enterprise, you can process files that have up to a gigabyte of data in them.
You are far less likely to hit the size cap with the data files in an enterprise version of the software. This means your company has to spend less time trying to archive data in the old files to stop the system from crashing frequently.
8. You Gain Remote Access Privileges
Windows Terminal Services is a network service that comes with standard Windows operating systems for business computers. If you use Terminal Services with Enterprise, you gain access to the system from locations outside the installation location. This doesn’t work when your company uses the Pro version of QuickBooks. Furthermore, the Enterprise tech support teams are trained in the usage of these services and can easily assist you with any problems you may have with them. You may also purchase a cloud hosting account with QuickBooks Enterprise, the easiest way to grant remote access to your users.
9. Your Permissions Range is Increased
Permissions are a huge issue for many companies. You must be able to limit user access based on their security level. With Enterprise, a new set of user account security tools is added which makes it far easier to assign permissions and privileges throughout the system.
Now that you know the many amazing benefits of QuickBooks Enterprise, why don’t you give it a go yourself? The benefit of extra storage in the online vault, increased user capacity, and remote access privileges make the Enterprise version a worthy investment. What’s more, these are only some of the benefits you gain. The advantages of this version of the software truly outweigh the cost, especially if you see your business expanding in the future.