QuickBooks Premier is an industry-specific solution for small businesses and accounting professionals. To cater to industry specific needs, QuickBooks has developed five editions of QuickBooks Premier: Contractor, Nonprofit, Retail, Manufacturing and Wholesale and Professional Services.
The software allows users to prints checks, pay bills and track expenses, track sales and customer payments, manage payrolls and payroll taxes and to create invoices and forms.
QuickBooks Premier includes pre-built reports, customized terminology and navigators for each industry. Each industry has a different level of industry-specific functions: For example, it provides job costing tools for the Contractor Edition.
Some of QuickBooks' Premier-only features include creating a forecast, creating a business plan, an analysis tool, remote access, tracking inventory assemblies and sales order reports.
The industry-specific editions include all functions and features provided by QuickBooks Basic, Pro and Premier. This system is available for deployment on-premise.
Maria from InsideDesign
Specialty: Construction / Contracting
Our department can use up to 5 people for this software
The customer service on the phone takes forever - meaning the wait time is a half hour.
There are times I want to throw the box across the wall.
The reports are great and look great. It's simple to go from Quickbooks Pro.
Chris from Burlington Merchandising and Fixtures
Ease of use, and very quick to learn. This version allows up to 5 concurrent users.
The audit trail and stock reports are very user friendly with plenty of filters. Expect a very quick turnaround training new staff and getting them up to speed, as the interface and functionality is hard not to grasp.
Since this is the premier version, I was not assigned an account rep. There is also a toll free line overseas for any technical/database bug issues.
I did like the support for merchant services and the support given for if we were to upgrade. The only real (noticeable) difference between this and the enterprise version is slightly less options for role centre "customization" and being capped at 5 concurrent users.
In the Canadian version, plugging in to SQL server is the way to go in order to obtain custom reports.
The role centers "handcuff" users to certain roles. When it comes to the general ledger, the "all-or-nothing" functionality doesn't allow the controller to shut off access to certain parts of the financials. Ideally, the controller should be able to define a role center to allow posting/viewing in certain account groups and not to others.
Inability to approve and subsequently lock down POs and SOs. Once a PO/SO gets issued, a user with basic access can always change unit costs and quantities. This hinders the business' scaleability.
The Canadian version no longer allows the user to compress the data file in previous periods. This may be frustrating for companies who rely on lengthy journal entries, as the database file size will exponentially grow.
If you are a job shop (or project-based company), do not expect much in terms of job-cost reporting. The software is limited to populating a customer field when posting an expense. You will have to manually set up jobs as customers and instruct staff to classify expenses under the proper subgroup.
If trying to decide between Quickbooks Premier and Enterprise, the only thing to consider is the number of concurrent users you will need. If you have a team of 10 using the software but only 5 log in at once, save $$$ and go with premier.