QuickBooks Enterprise Silver, Gold, Platinum, and Diamond: What’s the Difference?

Managing payrolls, tracking inventory, performing accounting functions, and reporting financial data was challenging until the introduction of QuickBooks Enterprise. QuickBooks’s most advanced version of QuickBooks Enterprise Solution (QBES) is a thoughtfully-designed end-to-end accounting solution suitable for any business. QBES features like Advanced Inventory, Job Costing Center, and Customized Reporting cater to industries such as Retail, Real Estate, Accounting, Manufacturing & Wholesale, Nonprofit, and more. 

QB Enterprise has the most advanced features and a user-friendly interface compared to other editions of QuickBooks. 

Even those who don’t belong to an accounting background can use QBES with ease. The QB Enterprise edition enables them to handle daily business processes efficiently with advanced features like smart reports, inventory management, and high data storage capacity. 

The different variants of QuickBooks Enterprise are: 

• Silver 
• Gold 
• Platinum 
• Diamond 

Naturally, Platinum and Diamond are on the expensive side as they offer more advanced features. Gold is a mid-range version, and Silver is the most basic and pocket-friendly version of QuickBooks Enterprise.  

QuickBooks Enterprise Comparison Chart

Now that you have an overview of the features of QuickBooks Enterprise editions, let’s look at each variant in detail.   

1. QuickBooks Enterprise Silver 

QuickBooks Enterprise Silver is a budget-friendly edition of the feature-rich QB Enterprise. It supports all the essential functions necessary to run any business smoothly. This edition comes with customer support, product upgrades, and advanced reporting but lacks features such as inventory management and advanced payroll.   

QuickBooks Enterprise Silver edition features 

• Scale from 1 to 30 users  
• Dedicated Customer Success Manager  
• Online storage  
• Loyalty program  
• Advanced Reporting  
• Invoice tracking  
• QuickBooks Priority Circle Service 
• Automatic upgrades 
• E-Commerce Integration 

2. QuickBooks Enterprise Gold 

QuickBooks Enterprise Gold is a mid-range version that offers a balance between advanced features and budget. It provides all the features of QB Enterprise Silver, but the most striking difference is Enhanced Payroll Processing.  

Features of QuickBooks Enterprise Gold enable users to:  

• Process payroll for a large workforce  
• Generate W-2 forms automatically  
• Deposit employees’ salaries directly into their bank accounts  
• Print and create as many paychecks as they want  
• Address and fulfill tax requirements without worrying about penalties  
• Calculate taxes as per the latest norms  

3. QuickBooks Enterprise Platinum 

QuickBooks Enterprise Platinum edition is a perfect business solution for industries that deal with manufacturing and supply chains. It has two advanced features – Inventory Management and Advanced Pricing that enable users to track inventory and gain control over product pricing. 

QB Enterprise Platinum enables users to:   

• Maintain the correct inventory levels  
• Manage priority sales orders  
• Generate custom reports  
• Track items at multiple warehouses  
• Generate revenue by offering discounts to the customers  
• Define and apply multiple pricing rules  
• Execute time-bound product promotions  

4. QuickBooks Enterprise Diamond 

QuickBooks Enterprise Diamond is the most advanced, powerful, and flexible solution in the QuickBooks lineup. This version is suitable for creating a customized solution, meeting complex business needs, and increasing employee productivity. It lets businesses manage their business with QuickBooks Time Elite, Assisted Payroll, VIP support, and more. They can create a maximum of 40 user accounts (10 more than any other version of QB Enterprise).  

With QB Enterprise Diamond, businesses can:  

• Pay their employees in less than 3 minutes with Assisted Payroll  
• Sync their QB solution with the help of a CRM connector  
• Eliminate the chances of duplicate data entry  
• Get priority support with VIP Support  
• Track employee timesheets and manage their projects better with QuickBooks Time Elite  

Businesses that need a powerful QB Enterprise solution that can integrate multiple add-ons without affecting system performance can host QuickBooks on the cloud. 

Choosing the Best QuickBooks Enterprise Variant 

Selecting the best QuickBooks Enterprise edition requires businesses first to identify their requirements. Some companies might prefer QuickBooks Enterprise Silver to fulfil their accounting requirements, while others might pick QB Enterprise Diamond to manage their business processes. This is why businesses shouldn’t focus on the best QuickBooks Enterprise variant but rather identify their unique business objectives and select the best fit. 

Conclusion 

QuickBooks Enterprise Solution (QBES) has variants that suit every business need and budget. Business owners can opt for the version that meets their requirements and fits their budget. Also, the prices may vary according to the number of users you choose. 

Wish to get the solution that suits your business needs? Get in touch with our Solutions Consultant at 855-363-0916.