QuickBooks Online Advanced could be the ideal accounting software for your business, especially if you prioritize mobility. This cloud-based software is easy to access and can run on any internet-connected device. However, depending on your business needs, you may require more functionality than what’s available in this program version. Some of the key differences to be aware of include:
Cost
Cost is a crucial factor when choosing between QuickBooks Online Advanced vs Enterprise. While both offer robust financial management features, their price points cater to different needs and budgets.
QuickBooks Online Advanced sits at a more accessible level, making it ideal for growing businesses seeking advanced functionality without breaking the bank. However, your company requires specialized features like multi-user access, inventory management, or advanced reporting. QuickBooks Online Enterprise might be a better fit, though it comes at a premium price.
Ultimately, the “right” choice depends on your needs and budget. Consider the number of users, required functionalities, and desired level of customization. Remember, QuickBooks Online offers free trials for both Advanced and Enterprise, allowing you to test-drive each platform and make an informed decision based on your unique financial landscape. Feel free to consult with QuickBooks experts or compare features side-by-side on their website to ensure you choose the plan that best suits your business’s growth trajectory and cost comfort zone.
Integrations
QuickBooks Online Advanced lets you connect with various applications to automate workflows and eliminate tedious data entry. These integrations make QuickBooks the centralized system for your business’s finances and operations. These apps can help to boost productivity and make it easier to manage sales tax payments, coordinate distribution, and track inventory.
With advanced categorization options, you can optimize reports and improve visibility. This is especially important for larger companies with complex tracking options, such as classes, locations, and jobs. You can even create custom tracking options for clients with unique needs.
Customization
If you are an accountant who wants to make your clients more productive, QuickBooks Online Advanced offers plenty of customization options. For example, it allows you to create multiple invoices simultaneously and send them with a click. You can also add custom fields and create workflows that automate everyday tasks. The platform is also safe and secure, with built-in redundancies and password protection.
Moreover, it allows you to create and edit reports tailored to your client’s business needs. It is also scalable and has a flexible hosting option to accommodate businesses of varying sizes.
QBO also offers a suite of tools, including the QuickBooks Time Elite and Salesforce CRM connector, which enable you to reduce double data entry and work more efficiently. You can also use it to track inventory and automatically record sales. Its advanced pricing features let you set automatic price rules to maintain margins and save time. It also has a one-way bank connection and secure storage.
Security
QuickBooks Desktop Enterprise and Online Advanced take online security and regulatory compliance seriously. Regardless of which version you choose, both are fully supported by Intuit and have built-in measures that help you stay compliant and safe.
Both versions support many third-party apps and can integrate with your existing systems to provide more value.
The Enterprise solution is a comprehensive business management solution that can scale with your company as you grow. Its features include advanced inventory management, reporting, and more. It also offers customization, add-ons, and tiered feature upgrades. In addition, you can host the software in the cloud to improve performance and accessibility. With cloud hosting, you can use the program from anywhere with an internet connection. It also offers additional features like custom fields and a contact management feature.
