QuickBooks Pro and QuickBooks Premier are great versions of QuickBooks, and it can be difficult to tell these versions apart. They are so close in terms of features that you can have a hard time choosing between the two.
If you are someone who wants to know what is the difference between these versions, this article will help you. Going further in this article, we will explore more about how to compare QuickBooks Pro vs. QuickBooks Premier in 2019.
To begin with, the main difference between these two versions is versatility. Where QuickBooks Premier offers more industry-specific features, Pro fails to do so.
If you want to know what sets these two versions apart, scroll down and know better. This article will help you know how to differentiate between QuickBooks Pro vs. Premier 2019.
QuickBooks Pro features
QB Pro is a simple, easy-to-use, and powerful software that has all the capabilities to fulfill the accounting needs os a small business. Moreover, if you use this software to its fullest, it can take care of up to 80% of your day to day accounting.
One of the best things about this software is that you don’t have to hire a professional accountant to operate it. Anybody with a little knowledge of accounting can be comfortable with working on this software.
Apart from the regular features like tracking sales & expenses, managing bills, and running payroll, here are the additional features that QB Pro 2019 offers.
Invoice history tracker
You can have a view of all your invoices and their current status. This feature will show you all the details related to the invoices, including its date of creation, due date, email date, along with the respective customer’s name, viewed date, and payment received against that invoice.
This will help you know the status of your invoice so that you can communicate with your clients about their outstanding invoices. However, this feature will not be available to users who are using Microsoft Outlook 2010.
Pay Now button
You can now include a payment link in all your invoices to make it easy for your customers to pay you. They just have to click on the Pay Now button, which will save them from the trouble of adding a payment link manually.
It is good to have a Pay Now button to make it easy for your customers to pay you. But this does not mean that they will pay you.
Earlier, you had to manually write Past Due on all the unpaid invoices. But with this latest QB Pro, you can automatically put a past due stamp on the invoices that have exceeded their due date.
Transfer credits between jobs
If you use the Jobs functionality in QuickBooks, you must be familiar with the frustration while trying to transfer credit balance between different jobs belonging to the same customer. There are definitely quite a few tricks to do so, but they are time-consuming.
But with QB Pro 2019, transferring credits is as easy as it can get. You can now apply credit balances across all jobs for a single customer.
Bank reconciliation feature
You don’t have to balance your checkbook manually. With this bank reconciliation feature, you can easily reconcile your bank account and make sure that your QB transactions match the records of your bank account or credit card account.
Along with these features, there are also some new features like multiple monitor setup, job costing, and time and mileage tracking in this software.
Let us now move to QB Premier to help you compare QuickBooks Pro vs. Premier 2019.
QuickBooks Premier features
QB Premier has industry-specific features that are suitable for comparatively bigger firms. Moreover, it also costs you more than the Pro version.
These are the features that you will find in QB Premier 2019, along with all the features for the Pro version.
Where you get a maximum of three users in QB Pro, the number can be stretched up to five in QB Premier. It means that you can have as many as five users to work on your QB company file.
Creating PO from estimates
The software will automatically take the item description from the pre-sale estimates or sales orders and use it to create purchase orders. It will also enter the name of the vendor who has been assigned for that item.
You will also have access to numerous customizable reports that are designed for contractor, manufacturing & wholesale, non-profit, retail, and professional services.
Billing rate levels
You can have different item rates for different employees and vendors. You can charge different billing rate levels to your employees based on the type of services you have rendered them and use the same sales item in the invoice.
Along with these features, QB Premier also offers sales order tracking, job costing, journal entries reversal, and more.
QB Premier is widely known for helping millions of users who are having trouble managing their finances. Many businesses use this software to create budgets using the cost estimates and for their industry-specific reporting needs.
Although it has more advanced features, this software is also very easy to use and has an easy learning curve.
If you are a large business that does not mind spending a little bit more than usual on an accounting solution, QB Premier is the thing for you. Functionality is the main thing where the comparison between QuickBooks Pro vs. Premier lies.
The bottom line
If you need the most powerful version of QB Desktop but don’t want to commit to the Enterprise version, we will recommend you to go for the Premier version. When we talk about QuickBooks Pro vs. Premier, the only difference that you might feel is their functionalities and costs. If you think that you don’t need the advanced features that are present in QB Premier, QB Pro is the ideal solution for you.
Now that you know the features, the call is yours to make. Decide which version will address your accounting needs and put your money on it.