QuickBooks Desktop Premier

Score8 out of 10

461 Reviews and Ratings

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.

Categories & Use Cases

Pay calculation
Pay calculation provides for computation of employee pay with state and federal deductions.
Category average: 8.3
Credit card processing
The software facilitates credit card processing.
Category average: 7.5
Cost of goods sold
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
Category average: 8

Fixed asset management
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.
Category average: 7.4
Global Financial Support
Account using multiple ledgers, multiple currencies, and multiple entities
Category average: 7.5
Self-service portal
The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.
Category average: 7.5

Verified User

Consultant in Professional Services (11-50 employees employees)

Use Cases and Deployment Scope

Quickbooks Desktop is used by several of my clients for basic accounting to invoicing, inventory and payroll. For years, Quickbooks Desktop served them well, but over the past several months, a decline in desktop support has most of my clients looking for accounting software alternatives.

Pros

Invoicing
Inventory
Payroll

Cons

Customer Support

Return on Investment

less payroll hours over previous accounting system
easier filing (efile vs paper files)

Usability

Alternatives Considered

Sage 100

Other Software Used

Microsoft 365, DDI System

Kirk McCracken View profile

President in Corporate at Litigation Support Services (1-10 employees employees)

Use Cases and Deployment Scope

We use Quickbooks Desktop Premier for all of our accounting and bookkeeping needs. We have two companies that we run our financials with Quickbooks. One, we use from invoicing to tax prep at the end of the year. The other we have a industry specifice program for running the business and invoicing but it integrates seamlessly via import to bring all of the financial transactions into quickbooks.

Pros

Invoicing
Receiving Payments
Financial Reports
Integrating with Accountant

Cons

Creating Statements (issue they cant resolve)
Price
Custom Reports

Return on Investment

Accounts Receivable Management
Invoicing
Financial Reports

Usability

Other Software Used

Adobe Acrobat, Adobe PhotoShop, Adobe Illustrator CC

Denise Hodge

Director of Administratin/Finance in Finance and Accounting at El Ayudante Missions USA, Inc (1-10 employees employees)

Use Cases and Deployment Scope

We are a non-profit that receives a lot of designated donations. QuickBooks Desktop Premier handles that easily and efficiently. It is easy to track and create reports and make sure we stay in compliance with IRS guidelines.

Pros

tracks funds by class (that I can set up to match my needs)
provides excellent reports to make reporting easy and clear to our board
easy to use for bank reconciliation

Cons

I enter a lot of split transactions....it would be nice to finish the entry by just hitting enter instead of having to click with the mouse.

Return on Investment

The new mandatory subscription service has lowered my ROI because I now have to pay every year for using QuickBooks Desktop Premier and the cost is significant, compared to what it used to be. QuickBooks Desktop Premier continues to help me meet my overall business objectives but at a much higher cost.

Usability

Other Software Used

Servant Keeper

Verified User

Partner in Finance and Accounting (1-10 employees employees)

Use Cases and Deployment Scope

We have a number of clients that use QuickBooks Desktop Premier and we will bring their file into QuickBooks Desktop Premier Accountant. This program helps our clients understand their sources of income and different classes and projects.

Pros

Projects
Inventory
Class Allocation

Usability

Alternatives Considered

Sage Accounting

Other Software Used

TelPay for Business

Verified User

Engineer in Information Technology (1-10 employees employees)

Use Cases and Deployment Scope

We use QuickBooks Desktop Premier for, essentially, just basic bookkeeping. We have an extensive customer list, we do basic invoicing, and use accounts receivable. We also have an extensive vendors list, use accounts payable, and do a reasonable amount of purchasing. While we do not use/track inventory, we do use an items list, with which we purchase against and bill from. Finally, we also process payroll.

Pros

We really appreciate the depth of customer info that is tracked.
Adding bills to accounts payable is quick and easy.
Customer billing is also very quick and easy.

Cons

Payroll service got too expensive. It would be nice if there were pricing tiers. We dropped our payroll subscription, solely due to the price.
On another payroll note, something as simple as remembering the last pay date. While we no longer subscribe to QuickBooks Desktop Premier payroll service (so no tax table and forms updates), we still enter it manually. One thing we consistently see is that the prior period end date will randomly change to (usually) a prior date. Not a big deal to re-enter, but small things like that are frustrating.
Recently had an odd issue come up. We receive most payments proactively; not a receipt from a QuickBooks Desktop Premier generated invoice. We use Paypal for credit card processing, and when we enter receipts, we log the sales receipt against the customer, and we also include a line item for "credit card fee" - the charge by Paypal for use to receive the payment. We never know how much that fee will be; varies by customer payment method. We recently had a customer pay an invoice that we HAD generated from QuickBooks Desktop Premier. When receiving the payment, there was no where to add a line item to deduct that fee, ending in the net deposit to our checking. While there MAY have been a way to do this, it certainly wasn't obvious to us. Ended up just posting a separate journal entry.

Return on Investment

QuickBooks Desktop Premier reduces the amount of time I'm spending just doing basic bookkeeping.
QuickBooks Desktop Premier makes it easy to check customer records to quickly review prior purchases.
QuickBooks Desktop Premier makes it easy to see at a glance all of my outstanding bills.
All of these above just contribute to less face time with my acccounting software, which means I can spend that time doing some more constructive - and likely billable.

Usability

Alternatives Considered

CYMA Financial Management System

Other Software Used

Microsoft Excel, Microsoft 365, TeamViewer, Corel PaintShop Pro, Corel VideoStudio Pro, SplashID, Visual FoxPro (Discontinued), Tungsten PaperPort

AccountEdge

MIP Fund Accounting

QuickBooks Desktop Premier

What is QuickBooks Desktop Premier?

Categories & Use Cases

Key Features

Top Performing Features

Pay calculation

Credit card processing

Cost of goods sold

Areas for Improvement

Fixed asset management

Global Financial Support

Self-service portal

Reviews

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Other Software Used

Use Cases and Deployment Scope

Pros

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

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