QuickBooks Premier Plus Review 2024: Pricing Pros & Cons
QuickBooks Premier is an accounting solution from Intuit, preferred among small to mid-sized businesses. It has all the core accounting features, including some advanced ones that can facilitate the progress and growth of your business. You need to install the program on your local system to deploy it for your business accounting management.
There are many good reasons to use QuickBooks Premier Desktop solution, such as cost-effectiveness, robust accounting features, and excellent support. There are many similar products available in the market; however, it has gained popularity among businesses as an easy-to-use accounting application with a myriad of powerful features. We at QuickBooksupportnet help you avail of the best discounts on QuickBooks products and provide a knowledge base to override the issues related to the program.
QuickBooks Premier Pricing – How Much Does It Cost?
QuickBooks Premier Desktop is now QuickBooks Premier Plus. You might be wondering what significance does this name change holds. Well! Earlier, QuickBooks Desktop was a one-time purchase product. However, Intuit changed it to a subscription-based product in 2022, which is known as QuickBooks Premier Plus. You can now access the tool by paying its monthly subscription fees as listed below:
1: QuickBooks Desktop Premier – (2 Users)
QuickBooks Premier for two users in the most basic plan that allows two users to work simultaneously on your company file in addition to one admin user. This plan starts from as low as $75/month. This plan offers all the features of QuickBooks Pro Plus, including some additional features, such as industry-specific tools, forecasting, one-click sales and tax reports, etc.
2: QuickBooks Desktop Premier – (4 Users)
QuickBooks Desktop Premier for up to four users will cost you $220 per month. The features will be the same as the previous pricing plan, but the number of users will increase in this plan. The premier version can accommodate a maximum of five users by subscribing to this plan. Upon subscribing to the QuickBooks Premier Plus plan, five users can work on the same company file with the most up-to-date accounting data.
3: QuickBooks Desktop Premier + Payroll (2 Users)
QuickBooks Desktop with two users, when included with the Payroll feature, will cost you $125 as a monthly subscription fee. With this pricing plan, you can access payroll features as well. Thus, you can make payments to your employees, remit payroll taxes with ease, and remain compliant with state and federal tax laws.
4: QuickBooks Desktop Premier + Payroll (4 Users)
Again, the accounting and payroll features will remain the same in this pricing plan, but two additional users can be employed with this plan. This plan will cost you $270/month. With this plan, you can handle the core competencies of your business payroll processes and streamline your business accounting processes as well.
| QUICKBOOKS DESKTOP PREMIER | QUICKBOOKS DESKTOP PREMIER | QUICKBOOKS DESKTOP PREMIER + PAYROLL | QUICKBOOKS DESKTOP PREMIER + PAYROLL |
|---|---|---|---|
| 2 users | 4 users | 2 users | 4 users |
| Starting as low as | Starting as low as | Starting as low as | Starting as low as |
| $75/mo | $220/mo | $125/mo | $270/mo |
|
|
+$4/employee per month
|
+$4/employee per month
|
QuickBooks Premier 2024 – Pros and Cons
QuickBooks Premier 2024 is a highly sold accounting product. However, these numbers don’t decide if the product is right for your business. You need to check for your business requirements and choose the right product wisely. QuickBooks offers several accounting solutions to meet the varying requirements of the businesses. Comparing the benefits and limitations of QuickBooks Desktop Premier can facilitate your quest for the right accounting solution. Compare the product on its advantages and limitations before you make your decision:
Pros of QuickBooks Premier 2024
It is an undeniable fact that QuickBooks is one of the most popular accounting software, thanks to its incredible advantages that users enjoy. If you are already using QuickBooks, you must be aware of these benefits of the program:
Ease Of Use
Accounting applications may sound perplexing to many, but QuickBooks is a super easy-to-use accounting program. You can use the programs easily, navigate through the features, and make important modifications. Besides, its automated features can reduce your burden and save you crucial time.
Robust Accounting Features
QuickBooks Premier is eminently known for offering powerful accounting features, such as creating professional invoices, tracking sales and expenses, generating insightful reports, and managing account payables efficiently. It means you can manage the important processes of your business accounting accurately and get your business insights for profitable decision-making.
Accurate Record Keeping
The accuracy of your financial records is inevitable. It helps you gain better financial stability and trust among your customers. Besides, you can function with enhanced efficiency by ensuring data accuracy. QuickBooks Premier lets you handle your financial records accurately, thereby preventing penalties and tax errors. Also, you can maintain a controlled cash flow and alleviate financial risks with the program.
Easy Payroll Management
QuickBooks Premier lets you handle your payroll processes and keep your employees motivated. You can calculate employee payments and pay them with ease from within the tool itself. Furthermore, you can calculate and file taxes and keep tax penalties at bay. Above all, rendering your business in compliance with the regulatory authorities is pivotal for your business, and your accounting application ensures it.
Powerful Inventory Features
Effective inventory management confirms that you never miss a purchase order. Besides, it keeps you informed about the items in hand, making purchase orders, and crafting your sales strategies. QuickBooks Premier Plus 2024 lets you handle up to 14,500 inventory items at once. Furthermore, you can also create customized inventory reports using the application.
150 Industry Specific Reports
It is one of the most applauded features of the QuickBooks Desktop Premier app, wherein you can create 150 industry-specific reports for various industries, such as manufacturing, retail, non-profits, and several others. Additionally, it also supports multi-company reporting by allowing combined reports across multiple entities.
Value For Money
When you navigate through the web in search of the best accounting applications, you may find cheaper solutions as compared to QuickBooks Premier. However, the product is genuinely priced and offers great value for the money you are investing in your accounting product.
Limitations of QuickBooks Premier Plus 2024
Now that we have discussed all the good things about the program, it is important to see the other side as well. The tool is not a single-stop solution for all businesses, and some may not find a good fit. Some of the common limitations of the QuickBooks Premier accounting application are:
Maximum Five Users (Won’t Work For Big Firms)
The maximum number of users that can be added to this accounting software is four plus one admin user, which is five users in total. If your needs supersede this, you will have to switch to a different product that can accommodate your expanding requirements.
Payroll Feature Requires Additional Payment
Payroll integration is easy in the QuickBooks application; however, it comes at an additional cost. You will have to pay an additional $50 to run payroll features with your QuickBooks Desktop application.
Data Is Saved To Local System
The Data is stored in your local system, which might make it prone to loss or damage. In the Online version of the QuickBooks app, the data is stored in a cloud, which provides an additional layer of data security. In case of damage or loss, the data can be retrieved from the cloud.
Troubleshooting Is Difficult
Errors in an accounting application are not a new thing. Sometimes, numbers don’t match, while sometimes, technical issues arise when users are not aware of what they are doing. Furthermore, users also confront the system-evoked issues as well. When errors take place, professional assistance is required for the product. Unfortunately, QuickBooks offers support for a limited time and can’t handle the support requests in volume. In such cases, help from the independent professionals comes in handy.
When To Choose QuickBooks Premier Desktop Application?
QuickBooks Desktop has three main versions – Pro, Premier, and Enterprise. Once you have clarity in your mind that QuickBooks Desktop is the best-suited app for your business accounting, you can choose one and get started. However, you must know which version is right for you and when to upgrade to a superior version of QuickBooks Desktop. Choose Wisely:
QuickBooks Premier Vs Pro
QuickBooks Pro is the most basic version of the program, which supports a maximum of three users. It will cost you $799/year/user. It has the core accounting features for your business and allows three users to work on your data files. If you are a small or mid-sized business, Pro Plus is the right solution for you until you need more users or features like sales forecasts, etc.
Advanced inventory management is one of the major shifts that you will get with QuickBooks Desktop Premier. If you think that more advanced features are required, you can move to QuickBooks Premier Desktop. You can connect with our QuickBooks Premiere customer service to get a thorough assessment of your need for a business accounting application. Thus, you can have the best.
QuickBooks Premier Vs. Enterprise
QuickBooks Enterprise is the most advanced version that can support your complex accounting management requirements. It can accommodate up to 40 users and thus boost efficiency in the processes. Its pricing starts at $1,340/year. Payroll is included with QuickBooks Enterprise Silver Plan at an additional cost of $400/year. However, if you choose Gold, Platinum, or Diamond plans, the payroll feature comes free.
The Enterprise version of the program offers so many additional features when compared to Premier Plus, such as advanced reporting, advanced inventory management and order fulfillment tools, Salesforce CRM Connector, and several others. If you find these features suitable for your use, then you may think of switching to Enterprise Plus. Our online consultants can help you determine your needs and, based on that, suggest the right tool for you.
QuickBooks Premier Download and Install Procedures
QuickBooks Premier download is an easy procedure you can accomplish by following a few simple steps. In the first place, you need to download the product on your device. Thereafter, you can run the executable file and complete the installation process by following the on-screen prompts. You can choose any of the two installation types – Express Install and Custom and Network Install. Before moving ahead, you need to check for the prerequisites:
- All the system requirements for QuickBooks Premier must be met.
- Save the installation file to a location you can easily reach.
- Keep your product and license number ready with you for a smooth product activation.
- You need to have an active and stable Internet connection to carry out the installation task.
Installation Steps:
- First of all, you can go to the download page and then download the latest version of the program.
- Open the QuickBooks.exe file next to initiate the installation process.
- After running the executable file, you will have to follow the on-screen prompts.
- Also, agree to the software license agreement to move ahead with the procedure.
- As you have the product and license number handy with you, click the Next button.
- Moving ahead, pick a suitable install path among the Express Install or Custom and Network Install.
1: Express Install
Express Install is a faster way of installing an application, wherein you can’t make many changes as the program’s pre-defined settings work here. This type of installation is recommended if you are a first-time user or re-installing the QuickBooks application. Now execute the below-given steps:
- When in the installation section, select Express and then hit the Next button.
- Thereafter, select the Install option.
- Wait for the completion of the process, and then you can open your QuickBooks Premier software.
2: Custom and Network install
Custom Installation, as the name itself suggests, this installation gives you options to change installation settings as per your preferences. This type of installation is preferred when you want to install the program in a location other than the default one. Besides, this installation is preferred when you need to host your company files on a server. Moreover, you should undertake this method when having a multi-user network. Let’s initiate the installation by following these steps:
- When on the Install section, select Custom and Network Options and click the Next button.
- Thereafter, you need to select the option that explains your way of using QuickBooks.
- Now, on the next screen, select Change the install location.
- Use the Browse option to choose a suitable install location or move the QuickBooks folder.
- Thereafter, click Next, and it will initiate the installation process.
- After the completion of the installation process, select the Open QuickBooks option.
Activate QuickBooks Desktop Premier On Windows
Now that you have QuickBooks Premier Desktop installed on your system, you can activate the product with a few simple steps:
- First things first, open QuickBooks software.
- Now, navigate to the Help section and select the Activate QuickBooks Desktop option.
- After that, you will have to follow the prompts to verify your information.
With these steps, you can have your QuickBooks Premier activated and working for you.
QuickBooks Desktop Premier 2024 Alternatives
When choosing accounting software, you need to consider several important points in your mind. It is not possible for an accounting application to meet all your expectations. However, you would want the one that is closest to your expectations. Below are some of the highest-voted QuickBooks Premier alternatives you can rely on for your business accounting management.
1: Xero
Xero is an excellent QuickBooks Desktop Premier alternative known for its customization abilities, inventory management, and security features. Moreover, Xero supports integration with cutting-edge tools to boost the efficiency of the program. Being an online accounting application, it gives you the flexibility to access your accounting files even on the go. Furthermore, you can make seamless collaborations with your employees and gain more control.
2: Wave Accounting
If you are looking for a low-cost alternative to the QuickBooks Desktop Premier 2024, the Wave Accounting application has got you covered. It has impressive accounting and invoicing tools that can make tasks a cakewalk. Being a cloud-based app, it can add greater flexibility to your business. It has important accounting features for small and mid-sized businesses. In return, it costs you a minimal amount.
3: FreshBooks
FreshBooks is a highly preferred accounting tool when it comes to efficient bookkeeping and invoicing. The range of features can cater to individual entrepreneurs and large-scale enterprises. The tool is acknowledged for its user-friendliness and has well-thought-out features planed into it. It is great for optimal project management and doesn’t require its users to work from a fixed location.
4: Sage Accounting
Sage Accounting is a top-rated accounting application, seen as one of the toughest competitors of the QuickBooks Premier app. It offers an intuitive range of basic accounting features, including inventory management, balance sheets, bank reconciliation, and several others. Besides, there are free and paid add-ons you can access with Sage Accounting to boost its power. As per your convenience, you can utilize a cloud-based version of the program locally on your device or on the Mac system as well.
5: MYOB Business
Regardless, if you are a sole entrepreneur or a growing business trying to scale up your accounting solution, MYOB Business fits to all. It gives you the freedom to run your accounting tasks on your preferred device (mobile or desktop), thereby enabling access to your financial data anytime, anywhere. Besides, you can get started with the help of expert support any day of the week and get it running with ease.
QuickBooks Premiere Customer Service For Instant Help
Once QuickBooks Premier is installed on your device, it will guide you in scaling up your business. However, no software is free from technical issues, and QuickBooks is no exception. While running the program, you may experience multi-faceted issues. Some issues occur because of the user’s ignorance, whereas there are a myriad of issues that can show up due to the program itself.
Despite being an easy-to-use application, regular users find it difficult to troubleshoot the technical issues. Many users struggle with the download and install procedures. Besides, users seek professional help in selecting the right accounting product for their business. In such conditions, our trained technicians and consultants extend helping hands through our QuickBooks Premier support number. Furthermore, we have our knowledge center covering important topics related to QuickBooks Premier solutions.
Frequently Asked Questions (FAQ’s)
Ans: Yes! QuickBooks Premier is an annual subscription that gets renewed automatically with your credit card and ensures uninterrupted service. Before 2022, it was a one-time purchase product. However, you will have to pay to upgrade the product. Upgrades are now included in the subscription fees only.
Ans: On canceling your QuickBooks Premier 2024 subscription, you will lose access to your accounting software. You can have view-only access to your financial data for 12 months after the cancellation. It is wise to export your crucial financial data before the cancellation of the program subscription.
Ans: You can use QuickBooks Premier 2024 for a free trial period of 30 days. In this period, you can use the features of the program without needing to enter your credit card information. Besides, you can cancel your free trial any time you want. You are not restricted to subscribing to the product after the trial period.
Ans: If you are looking for QuickBooks Premier help, you can contact customer service during these hours –
- Mon-Fri: 8 am-9 pm ET.
- Sat: 9 am-6 pm ET.
- Sun: Closed.
- Community Discussions – Open 24×7.