Update: This article was last updated on 11th Mar 2019 to reflect the accuracy and up-to-date information on the page.
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 expected 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. Due to 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)
It is a one-stop desktop-based software solution for handling complex accounting operations for business, such as – tracking inventory at multiple locations, payment processing, handle payroll, managing invoices, and purchase orders, among others.
Up to 30 accounting professionals can work on the software and company files generated with the software are usually heavier than 1 GB. Providing industry-specific reporting for manufacturers, wholesalers, contractors, and several more, the software delivers a spectrum of customized solutions for their accounting departments.
In the year 2019, QuickBooks introduced the new and advanced version of QuickBooks Enterprise with some exciting features like Invoice Tracker, Credit Transfer Between Jobs, and IIFT Import Feature, among others.
Moreover, when hosted on the cloud, QuickBooks Enterprise desktop can be equipped with all the cloud-specific features such as flexibility, mobility, and data protection, thus, improving its performance.
Moreover, the cloud service providers offer complete support in terms of setup, upgrade, and maintenance, so you are relieved from the IT-related issues.
QuickBooks Online (QB Online)
It is a web-based application for accounting professionals to suffice the modern-day requirements, such as – anytime, anywhere workability and efficient data manageability.
QuickBooks Online is an advanced accounting solution with features to manage invoices, reports, accept payments, and track time.
A cloud-based solution, QB Online offers a collaboration of up to 25 users at the same time from different geographical locations with freedom of operating systems. You can get QuickBooks Online in three versions – Simple Start, Essentials, and Plus.
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 $1039.50/user/year||Starts from $10/user/month|
No one solution can fit 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 to 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.
- QuickBooks Enterprise Hosting can be considered for larger accounting needs that demand multi-user collaboration and remote accessibility. The benefits of cloud hosting 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.
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