Quickbooks premier edition 2013.What's New in 2013
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QuickBooks Premier www. Major versions of the product include:. This long list of versions is made more complex by the fact that there is a new version of almost every one of these products every single year. QuickBooks Premier is available either in a retail box with an installation CD or as a digital download.
Both products are typically installed using the included setup application without incident. Users of QuickBooks Enterprise Solutions and QuickBooks Premier can customize their installation of the product by selecting customizations for a specific industry.
Modified versions of these products are available for:. There is also a general industry version of both Premier and Enterprise which does not include any industry specific modifications. This review will focus on the QuickBooks Premier we installed Premier Contractor Edition , although many features will be common to all of the desktop versions of QuickBooks.
QuickBooks Premier is available only on the Windows operating system XP, Vista, 7, and 8 , and is not available for other operating systems. The product is primarily forms-oriented, and uses items to track inventory sales for specific products.
These items are used to create general ledger entries behind the scenes. Users can also make manual adjustments to the general ledger as well as any of the subledgers. The Company Snapshot report shown in Figure 3 , a customizable dashboard, allows users to see key performance measures on a single report. QuickBooks Premier has good tools for managing general ledger, accounts receivable, and accounts payable.
Journal entries can be made and classified as ordinary or adjusting for reporting purposes. Estimates and sales orders non-posting transactions can be converted automatically into invoices, which update the general ledger and accounts receivable. Customer correspondence such as payment reminders can be mail-merged into form letters or e-mail messages automatically. Users can also manage and pay bills using the integrated vendor management tools. The product supports traditional U. Although returns cannot be prepared directly from within QuickBooks, users can configure the automatic calculation and accrual of sales tax based on tax settings for the company, items, customers, and individual invoices.
The accrued liability is tracked by tax code, and can be remitted to tax authorities as needed. Third party services from vendors such as Avalara are available to help users comply with more complex requirements. QuickBooks Premier has an integrated payroll system, and integration or journal entries are available for almost every third party payroll service on the market.
Details on available plans and pricing are available online at payroll. QuickBooks Premier has a transaction audit trail report which cannot be turned off or easily purged by end users. A tool to track changes to standing data e. QuickBooks Premier supports multiple currencies, although each account must be denominated in a single currency. The U. There are a number of reports which show income and expense by class, as well as a balance sheet by class for sophisticated users.
Some features which might be desirable for larger organizations, like multi-location inventory, and consolidated financial statements not available In the Premier version of the product, and require users to upgrade to QuickBooks Enterprise Solutions.
There is a limit of five simultaneous named users in QuickBooks Premier. A number of shopping carts and point of sale systems integrate with the product, including the Intuit QuickBooks Point of Sale application. Customers, vendors, and employees can be managed using the included Customer Center, Employee Center, and Vendor Center.
These pages allow users to see transactions associated with a name. There are also a large number of third party customer relationship management tools, including Salesforce. Invoices can be distributed via e-mail or printed and sent using postal mail. Inventory is supported, although it is limited to a single location in QuickBooks Premier, and must use the weighted average cost method of valuation.
Simple assemblies can be created within the product, although those requiring standard costs and manufacturing management reports may need to use available third party tools like MISYS Manufacturing. An Inventory Count Sheet report is available, and book-to-physical adjustments can be entered from a maintenance screen. Integration is available with a wide range of financial institutions via direct connection or via file import.
Online Bill Payment and eBay integration are both available, and most major merchant services are supported. E-Marketing services with some integration are available from a number of providers. Users can also use a commercial hosting company to run their instance of QuickBooks. Dashboards are available for areas, including the Company Snapshot Report shown in Figure 3 , the Payments Snapshot an overall dashboard for receivables and collections , and the Customer Snapshot a dashboard for a single customer, which shows invoices, payments, and sales history.
Some report customization is available for included reports, and customizations can be memorized, exported, and shared with other users. User security configuration in QuickBooks is at the transaction cycle level, and does not have the granularity to restrict permissions at the individual item level. For example, a user who has full access to banking so they can see the general bank account could see any of the transactions in the bank accounts present, including those in a payroll account.
Users can import and export standing data using built-in utilities with the application. Transactional data can be imported by sophisticated users by formatting data into custom formats like the Intuit Interchange Format IIF or using third party utilities like QImporter.
Financial institution integration and file import of some type is available from most financial institutions. A wide range of integrations of every type and a robust library of third party enhancements are available for this product through the Intuit Marketplace.
Support is available for those who have a support plan or purchase the product on a subscription of some type.
An extensive support website, including demos, videos, and technical guidance is maintained on the QuickBooks website. Support is provided in web forums, via chat, social media Facebook and Twitter and via e-mail. Telephone support is also available, however, U. A significant portion of the general support calls are routed to support centers in foreign countries. Training materials, including end user courseware are available to members of the QuickBooks ProAdvisor program. System updates are available for download from a menu within the product, and are provided for the most current three years of the application.
Updates, payroll tax tables, and telephone support are not available for any older versions of the application.
Sage 50 Complete Accounting na. Edition is the new name for Sage Peachtree. During , Sage renamed most of its products with a new naming scheme aimed at increasing awareness of the Sage brand.
The Company is also rolling out connected services like credit card processing and e-Marketing tools which can […]. CenterPoint Accounting www.
Both product lines CenterPoint and TurningPoint are sold and implemented by value added resellers or sold directly, and are targeted at the high end of the small business space or the lower end of the mid-market […].
Major versions of the product include: QuickBooks Enterprise Solutions , a product aimed at companies who want an on-premises product with industry-specific reporting capabilities which will support up to 30 users, and is typically sold by a reseller who helps with data conversion or custom interfaces. QuickBooks Accountant , an on-premises product which is designed for accountants and includes all of the industry-specific reports, as well as tools for preparing financial statements, calculating depreciation on fixed assets, and cleaning up client financial records.
QuickBooks Premier , the version of the product which is included here. This on-premises product has customizations for a number of industries, and allows up to five simultaneous users. This version of the product is also sold on a monthly subscription and maintenance plan called QuickBooks Premier Plus.
QuickBooks Pro , the lowest end version of the desktop application. Users of this version of the product can have up to three simultaneous users in a company file. This version of the product is also sold on a monthly subscription and maintenance plan called QuickBooks Pro Plus. QuickBooks for Mac. QuickBooks Online , the web-based version of the product comes in three different versions depending on the feature set required. This product is reviewed separately as part of our Small Business SaaS product reviews, in this digital issue.
Basic System Functions: 4. Modified versions of these products are available for: Contractors Manufacturing, Distribution and Wholesale Nonprofits Professional Services and Field Services Retail There is also a general industry version of both Premier and Enterprise which does not include any industry specific modifications.
Core Accounting Capabilities: 5 Stars QuickBooks Premier has good tools for managing general ledger, accounts receivable, and accounts payable. Management Features: 4 Stars Dashboards are available for areas, including the Company Snapshot Report shown in Figure 3 , the Payments Snapshot an overall dashboard for receivables and collections , and the Customer Snapshot a dashboard for a single customer, which shows invoices, payments, and sales history.
The Company is also rolling out connected services like credit card processing and e-Marketing tools which can […] Previous. Both product lines CenterPoint and TurningPoint are sold and implemented by value added resellers or sold directly, and are targeted at the high end of the small business space or the lower end of the mid-market […] Next.
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