Premier can create inventory assemblies, or bills of materials, sales orders to tack back orders, and purchase orders. What sets Premier apart is that it has expanded capabilities related to inventory. Again, it is typically good for companies with up to $1 million in sales that have roughly 20 employees.
So, what’s the difference between QuickBooks Desktop Pro and Premier when it comes to users? Premier supports up to five simultaneous users. QuickBooks Desktop Premier User size and typical business revenue In this case, QuickBooks Desktop Premier is the next step up. However, if you’re still wondering, “What is the difference between QuickBooks Desktop Pro and Premier?”, for you, it may come down to whether you have an industry-specific need for special features. If what you’ve read sounds like it suits your needs, then QuickBooks Desktop Pro is a great option. As long as you don’t need a payroll subscription (outsourced payroll) with QuickBooks Desktop, then you pay once for the version, and you don’t have any continued payments. QuickBooks Online requires a separate subscription for each company, with a monthly recurring payment. This is one thing that sets QuickBooks Desktop apart from QuickBooks online. So, you can have your main company, but also have a separate file for your personal finances, and another file for your hobby, all within the same QuickBooks version. On QuickBooks Desktop, you can have many companies within the same version and provide for your reporting needs. Conversely, all versions of QuickBooks Desktop work perfectly if you have more than one company. QuickBooks Desktop Pro can organize all your information to confirm whether you are staying within the realms of a hobby, or if you need to start reporting the business on your personal tax return. Or maybe, your side business is growing, but you can’t tell if you should keep putting time into it.
Say you make jams in your free time, and you want to track your costs to see if you’re coming out ahead. QuickBooks Desktop Pro can also be used for a hobby or side hustle. It can also be great for your side hustle. However, QuickBooks has made data transfer setup very easy. If your accountant needs to send journal entry updates, they can do so via email and they can be reviewed and incorporated into your QuickBooks in just a few clicks. Any ProAdvisor would be able to train or assist you with any questions you may have. When you need assistance from an outsourced accountant, you can easily send backup files or an Accountant’s Copy. QuickBooks Desktop Pro can fit seamlessly into your outsourced accounting.Įven at the starting level, using QuickBooks with an external accountant is simple. Desktop Pro also has the basic necessary reports a business should review, including the Balance Sheet, Profit & Loss statement, Accounts Receivable Aging, and Accounts Payable Aging reports. The reconciliation process is user-friendly. If you are just getting started and wanting to try out QuickBooks, Pro is a very cost-effective and manageable tool that introduces you to the basic needs of a business, like creating invoices and paying and tracking bills. So, what is the difference between QuickBooks Desktop Pro and Premier? Pro is a good place to start. Payroll processing for an additional fee.QuickBooks Messenger (chat between users).Reconciliation of bank, credit card and other balance sheet accounts (recommend always saving the reconciliations outside of QuickBooks Pro as Pro only allows a one month look back to print).