It can be confusing to decide which version of QuickBooks Online vs enterprise. Today we'll take a look at QuickBooks Enterprise vs. QuickBooks Online - two of Intuit's most popular products. We'll dive into what features you can expect from each piece of software, the differences between them, and how to make your ultimate decision!
QuickBooks Enterprise
QuickBooks Enterprise is, in market opinion, the most powerful accounting and bookkeeping software on the market at its price point. It has been on the market since 2002 and has added features and functionality every year since. It can handle a large volume of data, and has advanced reporting options that give users more flexibility.
QuickBooks Enterprise is a desktop-based product. This means you download and install the product and can host it locally on your own servers. Many businesses, particularly those who deal with personally identifiable information (PII) prefer this extra layer of security.
QuickBooks Enterprise does sync with the cloud, but is accessed from your computer’s desktop and is available offline or behind a firewall. The product also available for up to 30 users, so is a good choice for a larger business where more employees need access to the accounting system.
QuickBooks Online
QuickBooks Online is a cloud-based accounting software optimized for small to medium businesses. As a user, you will access QuickBooks Online through your browser by going to a website where you log on to do business. It is available for up to 5 users at a monthly or annual cost, you can choose plan as per your business reqirement.
Because QuickBooks Online is a SaaS product, that means you have access anywhere, any time, including on your phone and browswe. You don’t need to install any software, and updates are automatic with no need to download a package.
QuickBooks Online can be a great option for small businesses and companies with only a few employees. It has many of the same features as Enterprise at a fairly low, monthly cost.
How to determine the best solution for your business?
To determine the best QuickBooks version for your business, you need to ask yourself a few questions:
1. What are your current bookkeeping/accounting needs?
2. Do you anticipate significant business growth in the near future?
3. Which software offers features to complement these needs? Compare the features offered by the three products and weigh them against the prices. Is there a feature that you cannot do without?
Once you find the definitive answers to these questions, then it will be easy to decide whether QuickBooks Enterprise, QuickBooks Online, or QuickBooks Pro is right for your business.
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