For small and medium-sized businesses, having an accounting system that’s flexible and customizable is crucial. When everything from inventory to payroll is in one place, it’s far easier to get an accurate picture of what’s truly going on in your business.
Quickbooks is a major player in the accountancy software world and for good reason. Since inception, the company has strived to make business accounting as straightforward and proactive as possible. With Quickbooks Enterprise, it just keeps getting better.
Whether you’re already using Quickbooks or you’re thinking of switching to it, their Enterprise version will make your life easier. With fantastic functionality and a huge array of customizable options, Quickbooks Enterprise might be exactly what you need to streamline your processes.
To find out if Quickbooks Enterprise is right for your business, keep reading. We’ll break down what the new features are and how they could benefit you.
1. More Customizable
Every business is different, and the creators of Quickbooks Enterprise recognizes that. They’ve made their software even more customizable with the new edition so you can use it in a way that best suits your business.
While Pro and Premier have custom fields, Enterprise has more than doubled the amount of customization. You’ll get 15 custom fields and 12 names fields, allowing for more individualized reporting and tracking.
2. Mobile Scanning
If your business sells products, the mobile scanning feature has the power to create considerably more warehouse efficiency. When sales orders get sent to your warehouse, your staff can use mobile barcode scanning when picking products.
Without needing to manually enter data, they’ll save time and reduce errors. Your inventory will be instantly updated and the progress of the product through the picking and shipping process will be shown in real-time.
3. Better Freight Costing
With Landed Cost, you can now factor in the cost of freight, insurance, and duties. By inputting this data, no costs will fall through the cracks and sway your figures. You’ll be able to get accurate data and reporting on how much products cost and improve your pricing and budget accordingly.
4. Allows for More Simultaneous Users
As Quickbooks Enterprise is useful for many types of employees, you’ll benefit from having an expanded user capability. You’ll be able to have up to 30 users logged in simultaneously.
Users can be logged in locally or remotely and you can set more permissions. This means restricting access to sensitive data from users who don’t require it and keeping bank account access only permissible for those who do.
5. Huge Inventory Availability
For businesses with a large inventory, you need to know that your inventory management software has the capability to cope with your stock. In Quickbooks Enterprise, you can now list up to 1 million items.
Compared to the 14,500 items allows in Quickbooks Pro and Premier, this is a huge expansion. Combined with Enterprise’s other inventory tools, there is no better option for businesses with large inventories.
6. Advanced Pricing Feature
When it comes to pricing, many businesses require more individualized features than available in other software packages.
Pricing customization is a particularly useful feature in Quickbooks Enterprise. You can now customize pricing by applying different rules to different products and customers. Create discounts, promotions, and automatically apply sales.
With Advanced Pricing, you can even create pricing rules for specific customer types and choose the fields you want to include.
7. Advanced Inventory Feature
Knowing exactly where your stock is and the quantity you hold makes keeping track considerably easier. With Enterprise’s Advanced Inventory feature, you can keep track of inventory in different warehouses, no matter where they are.
By using the “Bin” field, you’ll also be able to see the exact location within each warehouse. With real-time data and sales history, inventory tracking doesn’t get simpler than this. Use the feature to track both serial and lot numbers so you can tell the exact items you’ve sold.
8. Manage Purchasing & Vendors
Keeping on top of stock you need to reorder, creating purchase orders, and even dealing in foreign currencies is easy with Quickbooks Enterprise. Quickly add and edit vendors in your database and track them all from the same place.
You can also create custom fields to suit the data you need to track and generate a wide variety of in-depth reports.
9. Choose Your Edition
Quickbooks Enterprise isn’t a one-size-fits-all product. Instead, it’s available in a range of editions that are specifically designed for your type of business.
You can choose from:
- Wholesale
- Manufacturing
- Contractor
- Retail
- Professional Services
- Non-Profit
- Accountants
Each edition puts the tools you’ll need the most at the front and center of your dashboard and allow you to use the software in a way that complements your business type.
10. Integration and Training
Enterprise can integrate with over 200 apps, from Amazon and Shopify to Magento and Time Tracking apps. This means that whichever applications you’re currently using, you may well be able to keep using them through Enterprise and consolidate your tasks.
Quickbooks will never leave you stuck either as Enterprise clients are part of their Priority Circle group. This gets you in-depth, free training so your staff can make the most of Enterprise. For any questions and problems, a dedicated customer success manager is always available to speak to.
Upgrade to Quickbooks Enterprise and You’ll Never Look Back
Quickbooks Enterprise leaves no stone unturned when it comes to providing all-round accountancy management. An end-to-end system, you can manage your pricing, inventory, payroll, and reporting from the same software.
With such comprehensive features, Enterprise towers above Quickbooks Pro and Premier for businesses that need more customizable and individualized functions. No matter what industry you’re in, you can choose an Enterprise edition that’s specifically designed to make your life as easy as possible.
If you’re thinking about upgrading to Quickbooks Enterprise, get in touch with us today. We can answer any of your Enterprise questions and support you through the upgrade process.
