Last Updated on March 12, 2023 by Awais Aftab
When you will start looking for an accounting software solution for the benefit of your business then you will stumble upon various alternatives, and this is where everything starts getting complicated. But if you are running an SME then you should choose QuickBooks Premier Hosting without any doubt. QuickBooks Premier is the most recommended software by accountants and bookkeepers. So, to get a better understanding of the software, here are some available features of the accounting software in a detail:
Easy inventory management
This accounting software enables you to automate your inventory management and tracking as it provides functions to locate items and entire inventory-related operations all in a single place by using the Inventory Center. Even using this advanced function is very simple which will help you streamline your accounting software.
Keeping a track of your customers is very difficult to manage but you can simplify this process with the help of QB Premier. This tool gives you the ability to track and bill customers by time and material, job status, or any other criteria depending on what you need. This will radically ease the process of billing customers and there will be no overlapping of data or the process of process billing.
Functions for specific industries
If you have industry-specific accounting requirements and can’t understand which accounting software to select then you will be completely amazed about the fact that there are industry-specific versions of this QuickBooks, and every version comes with some distinct accounting functionalities in particular industries. You will get the advantage of basic contracting, manufacturing, non-profit, wholesaling, and even advanced services. You will not have to spend any additional costs for these versions as they have the same cost as the basic business version.
Easy Client Management
There are multiple elements of accounting that you have to consider but you can’t lose any focus on client management as this is also a very important element of your overall accounting process. Features like automated payment reminders, rule-based customer groups have been added to QuickBooks and it will instantly assist you in handling your clients. The rule-based customer group depending on several standards like location, type, and balance will become every easy and effortless for you. QuickBooks can also be hosted in the cloud with competitive Azure Virtual Desktop Pricing.
There are several new functionalities that have been introduced in the QB Premier software and several updates have been made on the reporting ability of this accounting software. Now you can instantly create industry-specific reports which will be more accurate and precise. Apart from this, you can even customize your inventory reports which will transform your reports to be more helpful and informational about your business and the company. With the help of the receipt management tool, you can save time by working on a smartphone, you can quickly capture receipt data like pictures, reviews, imports, etc.
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Read more: 4 Reasons why Corporate management software is essential?
What features does QuickBooks Premier have?
QuickBooks Premier is a popular accounting software solution designed to help businesses manage their finances efficiently. It offers a range of features that make it an ideal choice for small and medium-sized businesses. One of the most notable features of QuickBooks Premier is its industry-specific versions, which cater to the unique needs of different industries such as manufacturing, construction, and retail.
QuickBooks Premier also offers robust inventory management capabilities, allowing businesses to track inventory levels, set reorder points, and manage sales orders with ease. The software also comes with a range of financial reporting tools, including customizable reports, balance sheets, profit and loss statements, and cash flow projections.
Another great feature of QuickBooks Premier is its job costing capabilities, which enable businesses to track the costs of individual projects and jobs. This feature is particularly useful for businesses that bill their clients based on time and materials. Additionally, QuickBooks Premier also allows businesses to manage their payroll, invoicing, and payments seamlessly.