QuickBooks Enterprise 2024

QuickBooks has become a popular application for accounting and bookkeeping activities. However, it is available in different versions to meet various users’ needs. If you are currently using QuickBooks Online, you may upgrade it to a better version. QuickBooks Desktop Enterprise is more powerful than QB Online. It is equipped with more advanced accounting functionalities to serve larger businesses. However, retailers and contractors may also use it for industry-standard solutions.

Pros

• Several app integration options
• Free accountant access
• Multi-currency compatibility
• Free trial for new users
• Good customer service

Cons

• The setup process is more time-consuming.
• Fewer automation tools

Get industry-oriented solutions

QB Enterprise Desktop provides industry-oriented editions that offer a range of features. It ensures a customized experience to-

• Accountants
• Manufacturers
• Contractors
• Professional service providers
• Non-profits

The accountant-related features, such as batch transactions have made QuickBooks a perfect application for multiple businesses. If you choose the wholesale edition, it allows you to determine the landed cost and manage the multi-location inventory.

Similarly, nonprofits will benefit from timesaving customized reports. There is no need to set up the report manually. So, these additional features have made QuickBooks different from other accounting programs.

New features available with QuickBooks Desktop Enterprise 2024

Customer Prepayments

The latest version is available with the Customer Prepayments option, which lets you manage deposits and advance payments of your customers. The software tracks your customer prepayments while sales orders are placed. The automatic feature reduces the effort to apply and track deposits. Moreover, precise recording of prepayments helps with better cash flow management. You may reduce the error risk in your financial reporting process. So, leverage these features to simplify your financial management activities.

Improved Inventory Reports

QuickBooks Enterprise Solution provides comprehensive data that allows effective inventory management. In the updated version, the inventory valuation reports show more details like the number of components pending or used. It will be easier to identify inventory levels and prevent shortages. The site-oriented reporting ability enables you to find the inventory status in various warehouses. Companies with multiple locations will benefit from this feature.

You will also receive real-time data, which is essential for better decision-making. There is no risk of disrupting the production process. These updated features are intended to overcome challenges like stockouts and higher costs.

Categorize the items efficiently

The new QB Desktop Enterprise version provides an expanded categorization feature that lets you manage more item categories. Choose the attributes based on which you want to group your inventory items. The fields are easily customizable to your needs. Use these fields to capture different data points related to your business. For example, you may select fields like supplier details and item origin.

The categorization system has become more refined to ensure higher accuracy and speed of inventory tracking. Use this feature to locate different items and control inventory efficiently.

Simplify product updates

QB Desktop Enterprise 2024 offers a product update feature to let you use the new features. The software gets automatically updated and needs no manual effort. When you continue using the application, the updates will be installed in the background. Your software will function smoothly as it is updated regularly.

Stronger security and encryption technology

Security improvements in the latest version are also noticeable. 256-bit encryption keeps your online data and backups secure. Furthermore, user authentication adds another security layer to prevent financial data from leaks. The advanced encryption also benefits you during data transfers.

QB Desktop Enterprise- What are the pricing schemes?

The 30-day free trial option is available with every scheme-

Gold- It is a low-cost option that starts with an annual rate of $1,830. You may add 30 users to your account. Even multiple companies are manageable with this scheme.

Platinum- This scheme is slightly costlier ($2,250 per year) but allows you to use extra features (such as, workflow approvals for purchase orders and bills).

Diamond- The large businesses choose this costliest option ($4,400 per year). The assisted payroll feature allows automation. You need to pay an extra charge for every employee.

Conclusion

QuickBooks Desktop Enterprise 2024 is a functional accounting software customized for growing businesses. It has a variety of features ranging from industry-oriented tools to inventory management. The software lets you integrate other apps for higher productivity and collaboration.