QuickBooks Online has now been there in the market for more than a decade. Since its launch in 2001, multiple upgraded versions have been introduced. Citing the booming market of cloud-based solutions, Intuit had aimed QuickBooks Online to be the future leader in the accounting software market.
Although its user base has grown consistently, QuickBooks Online still has a long way to become the industry leader. For its inherited simplicity and accustomed customer experience, QuickBooks desktop has kept its popularity intact even after the arrival of the cloud-based version.
In this QuickBooks Online specific blog series, we will analyze its potential in various verticals with different QuickBooks desktop versions. We begin with QuickBooks Enterprise, considered among the most advanced software for small and mid-scale business accounting requirements.
QuickBooks Online Vs. QuickBooks Enterprise
QuickBooks Enterprise (QB Enterprise) is the desktop-based software for handling complex accounting operations for business, such as – tracking inventory at multiple locations. Up to 30 accounting professionals can work on the software and company files generated with it are usually heavier than 1 GB. Providing the industry-specific reporting for manufacturers, wholesalers, contractors, and several more, the software delivers a spectrum of customized solutions for their accounting departments.
QuickBooks Online (QB Online) is a web-based application for accounting professionals to suffice the modern-day requirements, such as – anytime, anywhere workability. Hosted on the cloud, QB Online offers a collaboration of up to 25 users at the same time from different geographical locations with freedom of operating systems. However, the development of features with the cloud solution has not yet matched with the features and simplicity of the desktop solution.
|Features||QuickBooks Enterprise||QuickBooks Online|
|Reporting & Finances||Yes|
|Automated online banking||Yes|
|Banking data synchronization||Yes|
|Language Supported||USA, UK, Canada, International||USA|
|Industry Specific Tools||Manufacturers, wholesalers, retailers, and contractors|
|Payroll & Employees||Yes|
|Work Order & Scheduling||Yes|
|Free Updates||Certain updates||Yes|
|Free Support from Intuit||3 Years||Yes|
|Integrate with QB Point of Sale||Yes|
|Balance sheet by class & location||Yes|
|Automatic report emailing||Yes|
|Pricing||Starts from $58.80/user/month||Starts from $14/user/month|
There is no one solution that can fit to one and all. Choosing between QB Enterprise and QB Online is not like picking between black and white. Begin with a list of consideration are crucial and pertinent for your business and accounting needs. Budget and complexity with accounting needs often feature in the consideration list.
Here are some pointers that can help you make the right choice:
- QB Online should be an easy choice for businesses that get accounting done by freelancers and have smaller budgets.
- QB Enterprise is a fine pick for businesses with large accounting budget and hefty accounting requirements that are taken care of by on-site accountants.
- QB Enterprise Hosting service can be considered for larger accounting needs that demand multi-user collaboration and remote accessibility. Though an expensive choice (as you pay for software as well as hosting), the benefits are immense because you have complete features of QB enterprise on the cloud.
Did this article help you pick the right solution? Or you need to compare them on some more parameters? You can connect with our experts to know more right now or post your queries/suggestions in the comments below.