Buyer's Guide | Intuit QuickBooks
QuickBooks Overview
QuickBooks is an accounting software program that organizes expenses by controlling cash flow, automating spending, and tracking product, sales and accounts. This customizable platform can aggregate bill and vendor management, and can directly link to banks and accountants to simplify transfers. In addition, QuickBooks 2021 can be used as a full-service payroll platform.
QuickBooks 2021 introduces the following new features:
- Automated statements tailored to customer needs.
- Logo addition & custom formatting of payment receipts.
- Rule-based customer grouping (e.g., type, location, balance).
- Automated categorizing & batch-editing of bank transactions.
- Automated creating & categorizing of receipt expense entries.
Comparison
QuickBooks Pro (non-subscription):
Ideal for small & medium-sized businesses, QuickBooks Pro 2021 is designed for simpler bookkeeping activities. It supports up to 3 concurrent users, in a single data file, to co-manage receivables and revenue (e.g., invoices, estimates, statements, credit memos, and sales receipts). In addition, users can create letters and labels, memorize reports and transactions, customize templates, export to spreadsheets, prints or e-file 1099s, and track leads.
Ideal for small & medium-sized businesses, QuickBooks Pro 2021 is designed for simpler bookkeeping activities. It supports up to 3 concurrent users, in a single data file, to co-manage receivables and revenue (e.g., invoices, estimates, statements, credit memos, and sales receipts). In addition, users can create letters and labels, memorize reports and transactions, customize templates, export to spreadsheets, prints or e-file 1099s, and track leads.
QuickBooks Pro Plus (1 year subscription):
Includes all of the features of its perpetual counterpart with the addition of
Includes all of the features of its perpetual counterpart with the addition of
- Unlimited (free) customer support
- Unlimited (automatic) data backup & recovery
- Unlimited upgrades (i.e., features, security patches, updates
- QuickBooks Desktop mobile app-based receipt management
QuickBooks Premier (non-subscription):
Perfect for small businesses, QuickBooks Premier 2021 is designed for extensive bookkeeping, forecasting and planning activities. It supports up to 5 concurrent users, in a single data file, with industry-specific features. Premier includes all QuickBooks Pro 2021 features, which enhances sales orders, backorder tracking, current availability tracking, inventory tracking , etc. It also creates reports that include balance sheets by class and references prior reconciliation reports.
Perfect for small businesses, QuickBooks Premier 2021 is designed for extensive bookkeeping, forecasting and planning activities. It supports up to 5 concurrent users, in a single data file, with industry-specific features. Premier includes all QuickBooks Pro 2021 features, which enhances sales orders, backorder tracking, current availability tracking, inventory tracking , etc. It also creates reports that include balance sheets by class and references prior reconciliation reports.
QuickBooks Premier Plus (1 year subscription):
Includes all of the features of its perpetual counterpart with the addition of
Includes all of the features of its perpetual counterpart with the addition of
- Unlimited (free) customer support
- Unlimited (automatic) data backup & recovery
- Unlimited upgrades (i.e., features, security patches, updates
- QuickBooks Desktop mobile app-based receipt management
Features
| Feature | QuickBooks Pro | QuickBooks Premier |
|---|---|---|
| Categorize in-depth bank transactions with enhanced rules, batch editing, and better matching | ||
| Automate recurring statements to different customer groups based on needs or payment trends | ||
| Add logos and custom formatting to make a more professional looking receipt | ||
| Use customer groups to better manage customer insights and communications | ||
| Connect with your bank and credit card to automatically download and categorize transactions | ||
| Import existing financial data from Excel and other programs | ||
| Organize in one place with customer, vendor, and employee centers | ||
| Create professional estimates and invoices | ||
| Easily accept payments and send reminders on outstanding payments | ||
| Easy inventory tracking and management | ||
| Create a forecast from scratch, or by using previous years' info | Â | |
| Track and view forecast progress – dollars and percentages |  | |
| Create forecast by customer job, class, and more | Â | |
| Industry specific: General Contractor, Manufacturing & Wholesale, Nonprofit, Professional Services, Retail | Â |
Note: In order to use payroll with QuickBooks you must purchase a monthly service subscription available only through Intuit. The version you are using must also be within the 2 most recent versions (2020 & 2021).
