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QuickBooks Pro: The Details

QuickBooks Pro is a simple, deceptively robust, and powerful solution that solves everyday small-business accounting needs.

Many business accountants can lift QuickBooks Pro beyond its fundamental boundaries with plenty of workarounds, and even a mid-market company could use Pro for 80% of its daily needs.

But, even without a dedicated accountant operating it, a QuickBooks Pro account can offer the following capabilities:

Three simultaneous users in a data file

Receivables and revenue: invoices, credit memos, statements, sales receipts, receive payments, estimate to invoice

Payables and expenditures: purchase orders, item receipts, pay bills

Job costing

Inventory part tracking

Time and mileage tracking

Banking activities: deposits, checks, credit card charges, credits, bank charges, interest, paychecks, online banking, bank reconciliation

Collect and pay sales tax

Multiple currencies

Price levels as fixed percentages

Reports like budgets, operational reporting, and financial reporting

Print/e-file 1099s

QuickBooks Premier offers the following features that Pro doesn’t:

Five simultaneous users in a data file

Sales orders/backorder tracking, current availability tracking, sales order to PO to invoice

Unit of measure, build assembly, inventory center

Job costing: estimate to PO, change order tracking, view unbilled time and expense from one window, batch invoice time and expense

Reporting: balance sheet by class, previous reconciliation reports, forecasting, business planner, industry-specific reporting

Per item price levels

Billing rate levels

Reversing journal entries

Filter sales order and purchase order reports based on current availability

Closing date exception report

Here are the main reasons why some business owners decide to upgrade to QuickBooks Premier rather than opting for Pro:

Backorders

Let’s say you need to know what products were invoiced and what is left over, still waiting to be shipped to the customer. QuickBooks Premier allows you to do so, while Pro has no such option.

Sales Orders

QuickBooks Premier offers sales orders, which are non-posting sales transaction to hold the order until you invoice against it. Premier has the sales order fulfillment worksheet and easier sales order workflow management than Pro, as well.

Current Availability Tracking

Unlike QuickBooks Pro, many versions of QuickBooks Premier offer current availability tracking. This feature allows you to know what you can promise to a customer based on the stock you have on hand and haven’t committed to another customer. Get to know about QuickBooks Desktop Enterprise solutions in detail.

I hope this information will be helpful!

Matt Henry