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QuickBooks Pro Vs Premier: Which Is Better in 2024?

QuickBooks Pro Vs Premier

QuickBooks stands out as a leading accounting software that has served small businesses, freelancers, and accountants for nearly four decades. It streamlines financial management, reports tracking, and simplifies tax filing. The two prominent plans, QuickBooks Pro and Premier cater to different audiences with notable differences. By delving into these differences you can make an educated choice based on your specific needs and requirements. 

QuickBooks Pro vs. Premier:

When comparing QuickBooks Pro and QuickBooks Premier the key differences emerge. QuickBooks Premier caters to specific industries like manufacturing, contracting, and professional services. It offers industry-specific features. In contrast, QuickBooks Pro is more generalized and lacks these industry-specific functionalities. 

Both versions harness 64-bit computing, facilitate bill payments and provide a basic mobile app. This streamlines income and expense tracking, invoicing, estimate sending, reporting, sales tax monitoring, inventory management, 1099 contractor payments, and time tracking. They offer multiple features which are suitable for businesses of various sizes.

While both support multiple users each user must have and pay for an individual account. In terms of pricing, QuickBooks Premier carries a higher cost compared to QuickBooks Pro. Generally, QuickBooks Premier is ideal for businesses requiring industry-specific tools while QuickBooks Pro suits small businesses with more general accounting needs. 

QuickBooks Pro Plus:

  • Price: $549 per year for a single user with increasing annual subscription costs for additional users.
  • Ideal for: Businesses not requiring industry-specific features which might be preferring desktop software over cloud-based alternatives. 
  • Maximum users: Supports up to 3 users.
  • Sharing with accountants: Users can create and share an Accountant’s Copy and after the accountant’s adjustments the user must import the file.
  • Scalability: Upgrade options include transitioning to Premier Plus for industry-specific features or Enterprise for over 200 reports and advanced inventory which can accommodate up to 40 users.
  • Ease of use: The user interface may seem outdated and accessibility is limited without cloud access.

QuickBooks Premier Plus:

  • Price: Priced at $799 per year for a single user with increasing annual subscription costs for additional users.
  • Ideal for: Businesses benefiting from industry-specific features or forecasting tools.
  • Maximum users: Supports up to 5 users.
  • Sharing with accountants: Like Pro Plus users can create and share an Accountant’s Copy with file importation after the accountant’s adjustments.
  • Scalability: Users can upgrade to Enterprise for more than 200 reports, advanced inventory, and the ability to add up to 40 users.
  • Ease of use: The user interface might appear outdated and accessibility is limited without cloud access.

Why QuickBooks Desktop Premier Plus Wins:

QuickBooks Premier Plus stands out due to its high level of specialization which makes it beneficial for businesses in the following industries:

  1. General Contracting
  2. Retail
  3. Manufacturing and Wholesale
  4. Nonprofit
  5. Professional Services

Key Advantages:

  1. Reporting:
    • Premier Plus provides access to over 150 reports which exceeds Pro Plus’s offering of more than 100 reports.
    • Industry-specific reports include details on donor contributions, sales summaries, job costing evaluations, and profitability by product.
  2. Job Costing and Project Profitability:
    • Premier Plus surpasses Pro Plus with advanced job costing and project profitability features.
    • Businesses can track profitability by product or project and client, organize job costs by vendor, and make job changes within estimates to monitor their impact on the bottom line. 

User Comparison:

FeatureQuickBooks Pro PlusQuickBooks Premier Plus
Price$549 per year for one user. Annual subscription prices increase with additional users.$799 per year for one user. Annual subscription prices increase with additional users.
Suitable forSuitable for businesses not requiring industry-specific features and preferring desktop software over cloud-based options.Ideal for businesses benefiting from industry-specific features or advanced forecasting tools.
Maximum UsersSupports up to 3 users.Supports up to 5 users.
Ease of Sharing with AccountantsUsers can create and share an Accountant’s Copy, and after the accountant makes changes, the user must import the file.Users can create and share an Accountant’s Copy, and after the accountant makes changes, the user must import the file.
ScalabilityUsers can upgrade to Premier Plus for industry-specific features or Enterprise for over 200 reports, advanced inventory, and up to 40 users.Users can upgrade to Enterprise for over 200 reports, advanced inventory, and up to 40 users.
Ease of UseThe user interface may seem outdated, and accessibility is limited without cloud access.The user interface may seem outdated, and accessibility is limited without cloud access.

Forecasting:

Forecasting is crucial for businesses to anticipate future cash flow, enabling informed financial decisions and strategic planning. In contrast to Pro Plus, Premier Plus offers a more advanced forecasting feature. It allows users to create forecasts from scratch or utilize data from previous years. Customization options include specifying forecasts by customer job, class, and other criteria. Users can track and review progress in both dollars and percentages.

User Access:

Premier Plus has an advantage in user access which can accommodate up to five users compared to Pro Plus. It supports three or fewer than three users. However, both versions have fewer user allowances than certain cloud-based competitors in the market.

QuickBooks Pro vs Premier: Pricing Comparison (Pro Wins)

Here’s a breakdown of the pricing for QuickBooks Pro and Premier based on the number of users:

Number of UsersPro (Cost per Year)Premier (Cost per Year)
1$549.99$799
2$749.99$1,099
3$949.99$1,399
4N/A$1,699
5N/A$1,699

It’s important to note that all QuickBooks Desktop products including Pro and Premier come with a 60-day money-back guarantee.

QuickBooks Pro vs Premier: Ease of Use & Customer Support (Tie):

Both QuickBooks Desktop Pro and Premier share the same user interface and ensure a familiar experience for users. If you’re used to QuickBooks Desktop Pro then switching to Premier is easy because the layout remains the same. However, Premier may cause a slightly deeper learning curve for new users due to its additional features, particularly in the industry-specific editions. 

In terms of customer support both Pro and Premier offer similar assistance, including a phone (callback), chat support, chatbot, and a variety of self-help resources like user guides, video tutorials, and community forums. 

Conclusion:

In conclusion, choosing between QuickBooks Pro and Premier depends on your business needs in 2024. While Pro is more generalized, Premier offers industry-specific features at a higher cost. Both ensure powerful accounting tools, but your decision must align with your business goals. If you face any further issues then our experts are here to assist. Reach out for guidance and support to ensure seamless financial management tailored to your unique requirements. 


FAQs:


What distinguishes QuickBooks Pro from Premier in 2024?

QuickBooks Pro is a versatile choice with general accounting features, while Premier offers industry-specific tools. Pro serves a broad audience. Whereas Premier tailors its services to businesses in manufacturing, contracting, and professional services. 

Is there a significant price difference between QuickBooks Pro and Premier?

Yes, QuickBooks Premier is priced higher than Pro. While Pro is budget-friendly Premier’s additional industry-specific features come at a higher cost.

How does user access differ between QuickBooks Pro and Premier in 2024?

Premier allows up to five users, providing greater scalability compared to Pro, which accommodates three or fewer users. This difference is essential for businesses with expanding team requirements.

What advantages does QuickBooks Premier Plus offer in terms of forecasting?

Premier Plus stands out with advanced forecasting options and allows businesses to predict future cash flow. It provides customization based on customer job, class, and other parameters, offering a more comprehensive approach compared to Pro Plus. 

What industries benefit most from QuickBooks Premier in 2024?

QuickBooks Premier is ideal for businesses in general contracting, retail, manufacturing, wholesale, nonprofit, and professional services. Its industry-specific features make it a preferred choice for those with specialized needs.

Are there any similarities between QuickBooks Pro and Premier despite their differences? 

Both Pro and Premier have essential features like 64-bit computing, bill pay, mobile app access, income and expense tracking, invoicing, estimates, reporting, sales tax monitoring, inventory tracking, and time tracking. These shared features make them suitable for a range of businesses.

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