QuickBooks Accounting Software Types

QuickBooks Pro

For small businesses who are only interested in managing inventories, tracking sales, expenses, and view overall profit or loss, balance sheet, cash flow and stock reports, QuickBooks Pro software is all you need to get your accounting system right. The missing feature in Pro is “product measurement” – you can’t measure your stocks, so if you are a supermarket that sells consumables in pieces and pack, there is no room to indicate products in “pieces” and “carton”. But a normal retail or service providers like consultants who do not need such features need not bother about that.
The maximum number of users allowable on QuickBooks Pro is five (5) which implies that you can only buy 5 user license and not more.

QuickBooks Premier

QuickBooks Premier adds to the features of Pro. It has a unit of measures with “material assembly” – a default feature that makes it easy for manufacturing, production companies to track raw materials in unit, kg, bags, cartons, etc, the cost of purchases and automatically calculates BOM during productions. The maximum users that can also work on a Premier file are five (5).

QuickBooks Enterprise Edition

As the name implies, the Enterprise edition is more robust compared to Pro & Premier; has all the features listed below with advanced inventory, advanced pricing and ability to combine report from multiple companies. QuickBooks Enterprise is designed to help established companies manage their complex inventory activities, and manage daily, weekly, or monthly transfers from one store to another. The maximum number of users on Enterprise is thirty (30).

For questions and clarifications on which version is right for your business, contact our experts on 09029317156 , 07057910259 or send a mail to acctechltd777@gmail.com

Some of the reports you can generate on QuickBooks Pro, Premier & Enterprise edition are:

Sales report

  • Daily sales summary
  • Sales Summary by customers
  • Sales Summary by item
  • Open invoices

Customers & Receivables

  • Customer balance summary
  • Average days to pay
  • Collections report
  • A/R ageing summary

Vendors & Payables

  • Vendors balances
  • A/P ageing summary
  • Unpaid bills
  • Transaction list by vendors

Purchases

  • Open purchase order
  • Purchase summary

Inventory

  • Inventory valuation summary
  • Physical stock worksheet

Banking

  • Deposit details
  • Cheque details
  • Reconciliation report

Company & Financials

  • Trial balance
  • Profit or loss
  • Profit or loss (Previous year comparison)
  • Balance sheet
  • Balance sheet (Previous year comparison)
  • Cash flow statement
  • Company’s snapshot
  • Exchange rate gain/loss
  • Unrealised gain/loss

Accountant & Tax

  • General ledger
  • Audit trail
  • Journal Entries
  • Closing date
  • Voided/Deleted transaction summaries

Plus 200+ customisable reports.
We have deployed QuickBooks for small, growing and large businesses in following sectors: are retail, wholesale, distribution, manufacturing, real estate, travels, oil & gas, medical centres, IT product resellers, hospitality, micro-credit, cooperatives, legal firm, auto dealers, schools, NGO, event managers, currency exchange (bureau de change)