Overview
What is QuickBooks Desktop Premier?
QuickBooks Desktop Premier is an installed version of QuickBooks for general business, contractors, manufacturing and warehouse accounting, as well as nonprofits, professional services, and retail.
I wish I had upgraded my old software.
QuickBooks Desktop Premier [Is] Worth Every Penny
QuickBooks review
Excellent Accounting Software
Great for small nonprofits!
QuickBooks is a solid, workable solution
QuickBooks makes quick work of a lot of repetitive tasks
QuickBooks - Fast and Easy
I'm no accountant...and this keeps my accountant happy!
QuickBooks Premier is really good for small businesses
QuickBooks NOT for attorney client escrow account management
Great reports in QB
QuickBooks Premier 2018 is the wave of the future in accounting!
QuickBooks Premier Works Well For Smaller Companies
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Bank reconciliation (57)8.080%
- Standard reports (56)7.979%
- Accounts receivable (59)7.070%
- Accounts payable (58)7.070%
Pricing
What is QuickBooks Desktop Premier?
QuickBooks Desktop Premier is an installed version of QuickBooks for general business, contractors, manufacturing and warehouse accounting, as well as nonprofits, professional services, and retail.
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Alternatives Pricing
What is QuickBooks Online?
QuickBooks Online is a SaaS version of the QuickBooks product. It contains all of the features found in the local version. Higher-priced plans include greater automation, payment management, inventory and time tracking, and analytics features.
What is Acumatica?
Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.
Features
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
- 7Pay calculation(46) Ratings
Pay calculation provides for computation of employee pay with state and federal deductions.
- 10Benefit plan administration(20) Ratings
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
- 8Direct deposit files(36) Ratings
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
- 9.9Salary revision and increment management(27) Ratings
Salary revision is the ability to modify individual employee pay.
- 9.5Reimbursement management(29) Ratings
Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
- 1.3API for custom integration(15) Ratings
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
- 1.3Plug-ins(20) Ratings
A number of third-party plug-ins are available to expand the core functionality of the software.
Security
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
- 4.9Single sign-on capability(43) Ratings
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
- 10Role-based user permissions(40) Ratings
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
- 4.9Dashboards(48) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 7.9Standard reports(56) Ratings
The software offers pre-built reports with metrics standard to the category.
- 7.9Custom reports(54) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 7Accounts payable(58) Ratings
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
- 7Accounts receivable(59) Ratings
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
- 8Cash management(54) Ratings
The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.
- 8Bank reconciliation(57) Ratings
The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.
- 6Expense management(56) Ratings
The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.
- 5Time tracking(28) Ratings
The software can track billable and non-billable employee time by project.
- 5Fixed asset management(39) Ratings
This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.
- 9Multi-currency support(18) Ratings
The software supports transactions across multiple currencies.
- 7Multi-division support(33) Ratings
The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.
- 1.8Regulations compliance(19) Ratings
The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.
- 10Electronic tax filing(28) Ratings
The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.
- 8Self-service portal(17) Ratings
The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.
- 9Global Financial Support(3) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 7Primary and Secondary Ledgers(6) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 9Intercompany Accounting(8) Ratings
Automatically balance and reconcile GL for intercompany transactions
- 5Localizations(1) Ratings
Meet reporting requirements with country-specific localizations
- 7Journals and Reconciliations(14) Ratings
Automate and synchronize ledgers and processes
- 9Enterprise Accounting(5) Ratings
Create accounting for disconnected ERP and non-accounting source systems
- 7.1Configurable Accounting(6) Ratings
Configure accounting rules and segments for each chart of accounts
- 9.9Centralized Rules Framework(3) Ratings
Integrate disparate ERP and transactional systems into single ERP instance
- 4.3Standardized Processes(7) Ratings
Centralize financial management to facilitate standardized financial processes
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
- 1.7Inventory tracking(35) Ratings
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
- 1Automatic reordering(15) Ratings
The software can be set up to automatically reorder a good when it falls below a certain threshold.
- 8Location management(19) Ratings
The software can track multiple goods across multiple locations.
- 1Manufacturing module(17) Ratings
The software helps track and manage raw materials, work-in-progress items, and finished goods.
Order Management
The ability to process orders, and track them from quote to cash.
- 10Pricing(30) Ratings
Users can set up complex and unique pricing requirements.
- 10Order entry(31) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 7Credit card processing(27) Ratings
The software facilitates credit card processing.
- 6.3Cost of goods sold(34) Ratings
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
- 10Order Orchestration(3) Ratings
Define and execute order fulfillment processes for products as well as services on the same order.
- 1End-to-end order visibility(4) Ratings
Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics
- 5Order exception Resolution(1) Ratings
Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is QuickBooks Desktop Premier?
QuickBooks Desktop Premier Video
QuickBooks Desktop Premier Integrations
QuickBooks Desktop Premier Competitors
QuickBooks Desktop Premier Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |
Frequently Asked Questions
Comparisons
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Reviews and Ratings
(439)Attribute Ratings
- 1.3Likelihood to Renew12 ratings
- 8.9Availability5 ratings
- 5.7Performance4 ratings
- 7Usability14 ratings
- 1Support Rating12 ratings
- 1Online Training1 rating
- 7.2Implementation Rating7 ratings
- 9Configurability1 rating
- 6.2Product Scalability4 ratings
- 7Ease of integration1 rating
- 7Vendor pre-sale1 rating
- 8.1CPA Rating27 ratings
Reviews
(1-25 of 63)Appalling Fee for Basic Support.
- Easy to Use
- Comprehensive
- Easy to send to Accountant
- Horrible Support Options
- If I convert to subscription service, I actually lose some of the functionality
- Subscription is Very Expensive for Home Based Business
I wish I had upgraded my old software.
- Order entry
- Search customers, vendors, products
- It doesn't do anything else good.
- Make multiuser real multiuser. Everyone must log out (cumbersome process) so one single user can do many tasks. They include Changing Sales Tax Rate, Deleting a customer, Defining fields for a customer, [Adjusting] product quantities, [Backing] up [QuickBooks], Delete a ledger code, Delete an inventory part, add additional notes.
- Could have lines between listing on invoices.
- Could track inventory product purchases. My old 1970's UNIX software did a stellar job of this. Suppose I buy identical products from numerous vendors. My old software listed 10 dates, 10 vendors, 10 quantities, & 10 prices. [QuickBooks] only lists the very last one.
- Lists sales commission for sales reps. I can input a sales rep but not print a report with his name, address, & commission. Pulling UPS out of the sales is another chore. We do it manually. (Why computerize?)
- About every 2 weeks [QuickBooks] won't allow me to restore a backup. I have to delete previous backups.
- Continual pop-up windows DO I LIKE THE SOFTWARE. When I say no & list reasons...they never fix it.
- There is a Price Level List. I can sell Item 1 to you for $1, to a store for $.35, & to a distributor for $10. BUT it is a long list. We have 1100 products. There is no search for the item that we want to update. I have to scroll through 1100 items to make a change.
- Allow you to make changes on previous months.
- Allows you to create a copy of an expense.
- Very easy to reconcile your bank account.
- Reports
- Accounts entry
QuickBooks review
- QB Premier is more powerful than the regular one. It has more detailed features.
- The inventory system has some good features that I am yet to implement.
- The inventory features needs a little better integration with existing systems. I would like to learn how to use the inventory "gun" with QB.
Excellent Accounting Software
- Keeps expenses tracked.
- Helps keep track of income and due invoices.
- Exports well into TurboTax.
- I'm pretty happy with it as it is.
Great for small nonprofits!
- Running reports is easy and beneficial
- It makes reconciling our bank statements easier
- I have no idea
QuickBooks is a solid, workable solution
- Cashflow
- Invoicing
- Quoting
- Third-party integration.
- Time tracking and billing.
- Payroll.
QuickBooks makes quick work of a lot of repetitive tasks
- Specific date reporting - This is especially important when comparing sales for specific holiday seasons.
- The copy feature is very important since we send the exact same orders to various branches of our customers. A very big time saver.
- Credit card processing is so easy and seamless. Pick the customer, amount and you're done!
- I would like to see more standard reports and an easier way to review them. It seems to be a slow process when looking at contributed reports.
- Inventory usage reports need to be more robust and provide some usage projections. We export inventory data to Excel for review and analysis.
- The P&L reports sometimes get a little funky with number alignment.
QuickBooks - Fast and Easy
- Tracking accounts payable and receivables
- Has more features than Quickbooks Pro
- Easy to set up new clients and track their payments at a glance
- Financial Statements are easy to read
- QuickBooks does not support all banking institutions.
- When downloading bank information sometimes not all of the information imports.
- Charge too much for direct deposits.
I'm no accountant...and this keeps my accountant happy!
- Keeps accounts simple and straightforward.
- Has manageable alerts for bill reminders.
- Allows for easy transferring of funds between accounts.
- Saves client information for repeat billing.
- The keystroke shortcut commands don't match Windows shortcut - IE: copy/past is delete/void
- Not easy to clear transactions in bulk and correct a mistake.
- Reporting can always be improved.
QuickBooks Premier is really good for small businesses
- Reporting - As long as you enter the information accurately, and do not get sloppy, all reporting is spot-on.
- Reconciling - It's very easy to figure out where your money is, and if it's off a little bit, it's easy to drill down into the problem to fix it.
- Deposits - It's very easy to make deposits, once your bank is set up, and you learn the steps.
- Forms - Setting up all forms that you print to look the same takes time and patience. It's not very user friendly. For example, changing the packing slip is not at all where you would think, which makes it super annoying.
- Inventory - Adjusting inventory levels is not good. You have to really watch what you're doing, or you will have negative money in the wrong GL account.
- Printing - Aligning checks is not simple. You have to do it many times to get everything to line up correctly.
QuickBooks NOT for attorney client escrow account management
- Invoicing
- Accounts receivable
- Tax prep
- Law practice escrow account management
- Bank account mangement
- Bank account reconciliation
Great reports in QB
- Reporting
- Accountability
- Streamlining of the billing and automatic payments with memorized transactions
- Recurring payments!
- You aren't able to open an estimate if you already have an estimate that you are working on. The same with invoices. I can't open more than one to compare the two.
QuickBooks Premier 2018 is the wave of the future in accounting!
- Data entry and compilation are seamless and easy with QB Premier 2018.
- Invoicing is smooth and statements can now be sent including a "PAST DUE" stamp.
- Financial statements are easy to combine and draw information directly out to provide for company owners, banks, and investors.
- The ability to move screens over and out to more monitors is amazing!
- I would like to see the multi window controls improved to include icons rather than the left sidebar menu.
- Inventory control could be improved some although I do not use it much in this position I have had opportunities in the past that would have been a bit more simple had the function been more user-friendly.
- I am still learning some of the new functions in this version but overall I think QB does a great job of minimizing the stress in my job as an accounting manager.
QuickBooks Premier Works Well For Smaller Companies
- The bank related transactions are good. It's easy to record payments, make deposits, and reconcile the bank accounts. I like the feature that allows you to find the invoice being paid by the number when it's not clear who the correct customer is.
- Entering bills and credit card payments are a snap, especially for monthly recurring charges. You can use the repeat transaction function, but I like to use the copy function. Just change the date, invoice number, and amount if needed and it's entered easy peasy.
- Paying bills is another good function. Just click those you want to pay. When you are making a partial payment on an invoice, it's simple to adjust the amount to be paid. Voiding or deleting a check is easy when needed, but you need to be very careful when doing those transactions. Once in a while, I will pay a group of bills and issue the checks, and the next time I go to make a check run the last check from the prior group will show on my ledger as the check needs to be printed. So I have to watch that. It's also easy to print checks with the wrong date on them because QB will use the last date you used. So if you are entering AP invoices and they are dated a few days prior, the checks will come out with that date on them.
- I have to download a lot of my data from QB to do analysis in Excel. The download process is nice. There are a lot of options for canned reports to select, and you can save your favorites so you don't have to set them up each time.
- We create our invoices in QB Premier and it is my least fun function of the month. Last year we started to import the data from a cloud-based system that holds our timesheet data using a 3rd party product to perform the upload. This then translates into our customer invoices. The process is quick and easy, and it has shortened my billing process by 2 days because I no longer have to manually input the timesheet data to create the invoices. It's was a bit intimidating at first, but well worth the effort in the long run.
- Several times a month I need to explort some of my data from QB Premier into Excel to do analysis and there is a limit to the number of columns I can export at a time. When I am working with payroll reports, the columns exceed the limit, so I have to split the report in half and combine them again in Excel. It takes a lot of time, and the further we get into a calendar year the longer it takes. There is lots of room for manual error in this process and payroll data has to be perfect. I'm constantly double checking to make sure I'm staying true.
- I would love to have more functionality in setting up the templates. We've had to make some concessions on what we would like to show because of space constraints, there is no way to subtotal an invoice (for example, these are the total professionsl fees and these are the total reimbursable expenses) and if the invoice has multiple pages it does not subtotal the page or allow the customer to easily tell this is a multi-page document. It also took me quite a while to figure out how to get my reimbursable expenses onto the invoices from the import function.
- I would like to be able to tell the average days it takes a customer to pay their invoices. QB Premier will give you that data, but it won't allow you to select a specific time period so if you've had a customer for 10 years and they seem to be slowing down the payments, you can't tell because the canned reports will cover the entire 10 year period. I would like to see, for example, how this customer 's payment trends changed over time to help signal when a customer might be getting into a pattern so I can react quicker.
QuickBooks Premier is Great!
- The reporting features are quick and easy. True time saver!
- Great support including online groups and boards to help with those rare occasions when you need something special.
- Great plugins to help with some of the daily tasks required for a professional services firm.
- Customization of reports can be limiting.
- Busy interface compared to QB online.
- Hard to find where certain lists or information can be found.
My accounting platform of choice!
- QuickBooks Premier has all the basic functions of the QuickBooks Basic plus industry-specific tools for inventory management, cost-tracking and much more.
- QuickBooks Premier has an extensive set of reports that can be customized for profitability analysis. Plus AR/AP reports are an excellent tool to help manage cash flow.
- QuickBooks Premier is inexpensive in a long run as opposed to QuickBooks Online where you pay monthly recurring fees, those add up quickly!
- Learning some of the advanced functions can be time-consuming, but there is lots of online support through QB community and YouTube training videos.
- While it's more efficient and comprehensive, QuickBooks Online gives instant simultaneous access to business owners and accounting professionals. Same cannot be said about QuickBooks Premier desktop version.
QuickBooks and Forget It!
- Quickbooks Premier allows you to link your bank accounts and credit cards to download transactions allowing you to have fewer errors when inputting your data.
- Quickbooks Premier has a variety of easy to generate and easy to use reports. Tracking A/R and A/P are a breeze and the data is available within a few clicks.
- Quickbooks Premier printable checks takes the hassle out of tracking your expenses in separate locations.
- Quickbooks Premier should allow you to edit the amount of memorized transactions. Currently you have to delete a transaction from your memorized list and add a new one.
QuickBooks Premier Review
- Tracks AR to know who owes money & how much
- Provides financial reports based off information that is put into the software
- User-friendly software helps with training someone who hasn't used the software before.
- Basics are solid, for what I use it for, it is good.
Quickbooks Premier Review
- Estimates
- Invoicing
- Reports
- Income Tracker and batch transaction ability especially with in-activating old estimate/proposals.
- Allowing the user to specify page breaks.
- Backup naming conventions should be set to increment automatically instead of deleting previous versions.
Accounting on a Fast Track
- Record expenses for audits in our case.
- There is an option to even photograph and save your receipts with your phone.
- You can also automatically download and categorize bank and credit card transactions
- Customized reporting can be enhanced
QB for Leading Edge Firms
- Integrated credit card processing - posts automatically to customer accounts, allows online payment. It uses the most current technology.
- It maintains a good strong history of billing and collections and provides collection letters and assistance when you have past due amounts to collect.
- It allows you to download credit card transactions and post into the software automatically. It is easy to track spending details with this process.
- I would like to be able to choose how i want to view accounts receivable aging. I would like some flexibility to sort and choose how to present the data.
- For a seasoned accountant, I would like to see some of the restrictive controls that are in place for novices to be able to be relaxed so that I can easily make some entries and adjust some balances that ordinarily a regular user would not be able to do.
- I would like to see an easy way to clear old outstanding checks that need to be reversed without affecting prior balances/history.
Great solution for Payroll
- Tracking employees
- Tracking payroll items
- Tracking associated payroll taxes
- Printing W-2's
- Interface with Georgia Department of Revenue for payroll forms is not the best it could be. There are some forms that just don't interface well.
- I have had issues sending the required year end payroll forms to Georgia in the past but it was better this year.
QuickBooks Premier does a great job for my clients!
- It is intuitive for the client. For example, when the client goes to write a check, a screen opens that looks like a check.
- It does all the debits and credits behind the scenes, so the client does not need to have an understanding of debits and credits.
- There is a lot of support and a big community of users, so it is easy to get help, and to find staff that know how to work with the software.
- The desktop version is much more robust than the online version, and the processing speed is much better.
- You can only have average cost for inventory. No last-in, last-out (LIFO) or first-in, first-out (FIFO).
- If you are not on a hosted solution provider, you may have problems accessing your data remotely.
- You have to keep upgrading and installing updates.
Non-profits will benefit, subject to a few workarounds
- Intuitive interface.
- The many add-on products available (from Intuit and third parties) allows for customization and flexibility.
- Price provides functionality at a good value.
- I would like to see the ability to record more than one account receivable account and/or account payable account in the same transaction.
- I would like to see more non-profit specific functionality, such as the ability to account for housing allowances within payroll.
- Another piece of non-profit functionality I would like to see would be the ability to create and e-mail donor statements with my organization's comments and the necessary IRS disclosures.