One of Intuit's most comprehensive bookkeeping software systems, QuickBooks Premier Plus includes additional usability features as part of the annual subscription. In addition, the software provides more than 150 thorough reports, files, menus, and accounts tailored to various industries. QuickBooks Premier is a popular choice for SMBs because it offers a wide range of features and functionality at a relatively affordable price.
According to a 2022 report by Gartner, QuickBooks Premier is the most popular desktop accounting software for small and medium-sized businesses (SMBs). The report estimates that QuickBooks Premier has over 2 million active users worldwide.
What is QuickBooks Premier?
QuickBooks Premier is a desktop accounting software program that is designed and developed by Intuit for small and medium-sized businesses. It is a popular choice for businesses that need more features than QuickBooks Online or QuickBooks Simple Start, but don't need the full-featured capabilities of QuickBooks Enterprise.
It provides a strong foundation for the company's money management and financial operations. QuickBooks Desktop Premier Plus offers backup and recovery of data, proactive customer support, bill payments, expense tracking, and hassle-free check printing, among other features.
Different Versions of QuickBooks Premier Plus?
Here is a table comparing the features of these three versions:
|Feature||QB Premier Plus 2023||QB Premier Plus 2022||QB Premier Plus 2021|
|Number of users||Up to 5||Up to 5||Up to 5|
|Integration with other QuickBooks products||Yes||Yes||Yes|
|Price||$799 per year for 1 user||$699 per year for 1 user||$599 per year for 1 user|
QuickBooks Premier Plus New Features for 2023
Cash Flow Hub: This feature provides a central view of your cash flow, so you can see how much money is coming in and going out. It also includes tools to help you track your expenses and forecast your future cash flow.
Improved Banking Connections: QuickBooks Premier now offers improved banking connections, which makes it easier to connect your bank accounts and import your transactions. This can save you a lot of time and hassle, and it can also help to improve the accuracy of your financial records.
Business Mileage Tracking: This feature allows you to track your business mileage, so you can easily deduct your business-related driving expenses from your taxes. QuickBooks Premier includes a built-in mileage tracker, or you can use a third-party app like MileIQ.
Payments Links Tracking: This feature allows you to track the status of payments that you've sent or received using a payment link. This can be helpful for tracking payments from customers or vendors.
Node Card Reader: The Node Card Reader is a small, portable device that allows you to accept credit and debit cards in person. It's easy to set up and use, and it can help you to increase your sales.
QuickBooks Desktop Premier Plus Features
Managerial features in Desktop Premier Plus offer multifarious uses compared to any other QuickBooks product. It doesn't matter what type of business or what's the size of your business; QuickBooks Premier can make invoices for any business, from typical retailers that need to include sales tax to contractors who provide a service and bill customers according to time and expenses.
While the A/P functionalities in QuickBooks Desktop are robust, the A/P module must be clarified for new users. Those who have accounting or bookkeeping skills may need clarification on the interface. Features include:
- Setting up recurring costs.
- Transforming purchase orders into invoices.
- Building service offerings.
- Keeping tabs on electronic payments.
The bill monitor will keep you apprised of the status of future payments, protecting your financial flow. The bill manager records all purchases, outstanding bills, and payments made.
The lower score is because, like the A/P section, the A/R section could have been simpler to operate. But QuickBooks Desktop Premier's invoicing functionality shines because it gives customers much control over custom branding details like invoice color and template selection. After recording invoices, you can print or email them to your clients. If you regularly bill for the same service, adding service items for those services is a wonderful way to cut down on repetitive data entry.
Shopify, WooCommerce, Big Commerce, and Magento are just some of the e-commerce platforms that are compatible with QuickBooks Desktop Premier. Also, it's easy to connect to major retail websites like Amazon, eBay, and Walmart.
While you can't break down your cash flow by region, you can utilize class listss to organize your funds. For each property under their care, a property manager, for instance, might develop a new class. The property manager can easily create income, expense, and balance sheet reports by establishing by designating a class for each transaction.
Sales Income Tax
QB Premier keeps tabs on tax obligations and tracks sales tax accumulation and payment on a jurisdiction-by-jurisdiction basis. You can also specify which transactions should be subject to sales tax.
Project accounting is a strong suit for QuickBooks Desktop Premier. Project-based businesses, such as those run by contractors and designers, can benefit greatly from this edition of QuickBooks. Marketing and advertising agencies can also use these tools to manage their clients' projects.
Do you think downloading and installing QuickBooks Premier is tough? Fret not, we got you covered.
How to Download & Install QuickBooks Premier?
In order to make the process of accessing and updating QuickBooks Premier as simple as possible, select the relevant QuickBooks edition, the correct year, and the search button. The QuickBooks Premier 2022 edition can be used once your Windows PC, MAC, and Linux operating systems are set up, installed, and configured correctly.
|Operating system||Windows 10, Windows 11, or Windows Server 2019 (all 64-bit editions, natively installed)|
|Processor||1.5 GHz or faster processor|
|Memory||2 GB RAM|
|Hard Drive Space||2.5 GB available disk space (additional required for data files)|
|Display||1024x768 Display Resolution|
|Graphics card||16 MB video memory|
|Internet Connection||Required for product activation, updates, and some features|
|Additional Software||60 MB for Microsoft .NET 4.8 Runtime, provided with the installation files|
System Requirements for QuickBooks Desktop Premier Plus:
Download and Install QuickBooks Premier on PC
Here are the steps to download and install QuickBooks Premier on a Windows PC:
Step 1: Go to https://downloads.quickbooks.com/app/qbdt/products and click "QuickBooks Premier".
Step 2: Click the "Download Now" button.
Step 3: Sign in with your Intuit account or create a new one.
Step 4: Click "Download Now" to download the QuickBooks .exe installer file.
Step 5: Run the .exe installer file you just downloaded. This will open the QuickBooks Installer.
Step 6: Accept the license agreement.
Enter your QuickBooks Premier product key when prompted. You'll need this to complete installation.
Step 7: Select the installation type:
Typical installation: Includes standard QuickBooks files and features
Custom installation: Allows you to choose which features to install
Step 8: Click "Install" to begin the installation process.
Enter your administrator password when prompted to allow Windows Installer to make changes.
Choose whether you want to launch QuickBooks once installation is complete.
Step 9: After installation, open QuickBooks.
Choose to create a new company file or open an existing one. Follow the setup steps:
Step 10: Select your business type and industry
Step 11: Set up accounts
Step 12: Enter tax information
Step 13: Add customers and vendors
Step 14: QuickBooks Premier is now installed! You can start using it to invoice customers, pay bills, track expenses and run reports.
That's it! You are now ready to start using QuickBooks Premier to manage your business finances. If you need further assistance with the installation process, you can refer to the Sagenext QuickBooks support website or contact their customer support team.
How to Download and Install QuickBooks Desktop Premier On Mac?
Here are the steps to download and install QuickBooks Desktop Premier on a Mac:
Go to the Intuit QuickBooks download page:
Click the "Download Now" button next to QuickBooks Premier.
Sign in with your Intuit account or create a new one.
On the download page, click "Download Now". This will start the download of the QuickBooks .dmg installer file.
Open the downloaded .dmg file. This will mount the QuickBooks installer disk image.
Drag and drop the QuickBooks application icon into your Applications folder. This copies QuickBooks to your Mac's Applications folder.
Open QuickBooks from your Applications folder.
Accept the license agreement.
Enter your QuickBooks Premier serial number or product key. You'll need this to complete the installation.
Click "Install" to start the installation process.
Enter your Administrator password when prompted to allow the installation.
Click "Agree" to accept the license agreement again.
Choose whether to launch QuickBooks after the installation completes.
After installation, open QuickBooks from your Applications folder and follow the setup steps to create a new company file or open an existing one.
That's everything you need to do to download and install QuickBooks Desktop Premier on a Mac! Let me know if you have any other questions.
If you can&t download the installer, you may need to clear the cache and cookies in your browser. If that doesn&t help, you might need to try a different browser.
How to Update QuickBooks Premier to its Latest Version?
Here are the steps to update QuickBooks Premier to the latest version:
Step 1: Launch QuickBooks Premier. If an update is available, QuickBooks will automatically check for it and prompt you.
Step 2: Click "Update Now" to download and install the available update.
Step 3: Enter your administrator password when prompted to allow the installation.
Step 4: Click "Install" to begin downloading and installing the update. This may take several minutes.
Once the update is downloaded, QuickBooks will walk you through installing it. Follow the on-screen instructions.
Step 5: Click "Restart" once the update is installed to complete the process. QuickBooks will restart and launch the updated version.
If QuickBooks does not automatically notify you of an available update, you can manually check for one:
Click "Help" in the menu bar
Select "Check for QuickBooks Updates"
Click "Install Free Update" if an update is available
Follow steps 2 through 6 above to install the update
After updating, backup your QuickBooks company file. This ensures you have a copy of your data in case of any issues:
Click "File" and select "Backup Company"
Choose a backup location and click "Next"
Select the type of backup and click "Next"
Give the backup a name and click "Save"
Back up your data before updating: This will help to protect your data in case something goes wrong during the update process. Close all open QuickBooks windows before starting the update: This will help to ensure that the update is installed correctly.
Upgrading QuickBooks Premier Without a Subscription
Use the QuickBooks Easy Upgrade Tool:
This tool is available for download from the QuickBooks website. It allows you to upgrade to the latest version of QuickBooks without having to purchase a new license.
Here are the steps on how to upgrade QuickBooks Premier using the QuickBooks Easy Upgrade Tool:
- Download the QuickBooks Easy Upgrade Tool from the QuickBooks website.
- Run the QuickBooks Easy Upgrade Tool.
- Follow the on-screen instructions to upgrade QuickBooks.
Purchase a new license from a third-party reseller:
There are a number of third-party resellers who sell QuickBooks licenses. You can often find these licenses for a fraction of the price of a new license from Intuit.
Here are the steps on how to purchase a new license from a third-party reseller:
Find a third-party reseller who sells QuickBooks licenses.
Contact the reseller and purchase a new license.
Once you have purchased a new license, you will receive a download link for the latest version of QuickBooks.
Download and install the latest version of QuickBooks.
Upgrade Using the Discovery Hub
The Discovery Hub is a feature in QuickBooks Premier that helps you find new features, products, and services that can help grow your business. Upgrading using the Discovery Hub involves the following steps:
Open QuickBooks Premier and click on the Discovery Hub icon (looks like a compass) in the top navigation bar.
Click on the "See All Products" tab in the left navigation.
Under "QuickBooks Products," you'll see the options to upgrade QuickBooks Premier.
Click on the button to "Upgrade Now."
You'll be taken to the Intuit website where you can either.
The Discovery Hub homepage will open, showcasing new features and products available to you.
Purchase a subscription to the latest version of QuickBooks Premier. This gives you access to automatic updates and enhanced support.
Top 5 QuickBooks Premier Add-ons
QuickBooks gives us several applications and add-ons that work together to help us automate our workflows and do bookkeeping, invoicing, data entry, and many other utilities to make our work very easy. The QuickBooks program's easy-to-use settings make it easier for many small and medium-sized businesses to do their work.
Here are some of the top add-ons for QuickBooks Premier:
TSheets: TSheets is a time tracking software that integrates with QuickBooks Premier, making it easy to track employee hours and seamlessly transfer that data to your accounting software.
Bill.com: Bill.com is a cloud-based software that automates accounts payable and accounts receivable processes. It syncs with QuickBooks Premier, making it easy to manage bills and invoices.
In recent years, Bill.com has emerged as a leading tool for automating payment-based operations, as it interfaces well with...
Fishbowl Inventory: Fishbowl Inventory is an inventory management software that integrates with QuickBooks Premier. It provides real-time inventory tracking, barcode scanning, and order management.
Method CRM: Method CRM is a customer relationship management software that integrates with QuickBooks Premier. It provides a centralized location for customer data, including contact information, purchase history, and more.
Avalara: Avalara is a tax compliance software that integrates with QuickBooks Premier. It automates the sales tax calculation and collection process, ensuring that your business stays compliant with state and local tax laws.
These are just a few of the many add-ons available for QuickBooks Premier plus. Depending on your business needs, there may be other add-ons that are more relevant to you.
Why Do You Need QuickBooks Premier?
QuickBooks Premier adds industry-specific features to your operations, allowing you to perform at your best. An entry-level version of the system is offered for use by small businesses. There are also a variety of Editions that can be tailored to your company's needs.
There are a few main reasons why you may need QuickBooks Premier Plus over the standard or Pro versions:
More Users: Premier allows up to 30 users while Pro is limited to 3 users. If you have a business with multiple people accessing the accounting software, Premier is a better option.
Advanced Reporting: Premier has more powerful and flexible reporting capabilities with customizable reports, templates, and dashboards. This helps businesses get deeper insights from their financial data.
Custom Fields: Premier allows you to create custom fields and track additional data points beyond the standard QuickBooks fields. This is useful for businesses with complex needs.
Job Costing: Premier has built-in job costing, which is essential for businesses that bill based on projects or jobs. It helps track costs, billing and profitability by job.
Inventory Assembly: Premier offers inventory assembly which allows you to track components that make up finished goods. This is useful for manufacturers.
Department Tracking: Premier enables department or location tracking of expenses, income and balances. This helps businesses analyze performance by division.
Enhanced Support: Premier comes with enhanced support options including priority phone support and access to specialists and dedicated support reps.
Discounts: Because Premier caters to slightly larger small businesses, Intuit often offers better discounts and deals for Premier compared to Pro.
So in summary, if your business needs more than 3 users, more robust reporting, custom fields, job costing, inventory assembly, department tracking or enhanced support, QuickBooks Premier will likely be a better fit than QuickBooks Pro.
Who Are the Typical Users of QuickBooks Premier?
Due to its wide array of features, QuickBooks Premier is used by multiple individuals from different-different spheres of operations. This extremely handy software was developed in such a way that it can accommodate operations like contracting, accounting, sales evaluation, profit estimation, client billing and tracking, Non-Profit organization functions like downer tracking, sales summaries, and much more.
Some of the typical users of QuickBooks Premier are:
Easy to manage inventory items: Using QuickBooks' Inventory Center, you can find items quickly and do tasks related to your inventory all in one place and in one go.
Balance sheet tracking: Using built-in, easy-to-find reports, keep track of financial data separately with the help of location, department, or profit center.
Step-by-step client billing: Keep track of billings and clients by time & materials, job phase, or percentage of completion, whichever is suited best for your business.
Jobs by Vendor report: Keep vendor payments and job costs on lock with the help of Jobs by Vendor reports.
Make project estimates and track project changes: This allows users to add change orders to the assessment to keep track of the changes and how they affect your bottom line. Add change orders to the estimate to keep track of the changes and how they impact your bottom line.
Profit analyzations: Customized job cost reports let you see the profitability of a job on a detailed, task-by-task level.
Customized job cost reports let you see the profitability of a job on a detailed, task-by-task level.
Manufacturing and wholesale companies
Profit Tracker: Keep track of inventory and set optimal inventory levels. Run a report that listss items that need to be reordered.
Track each product's profitability and keep track of your most profitable products, so you know which ones to promote and keep in stock and which ones to drop from your line.
Create end-of-year donation statements to see who your biggest donors are and how much they donated.
Create Form 990 (Statement of Functional Expenses) and lists your expenses to give to your board, major donors, and the IRS.
Run donor contribution summary reports: Keep track of the total amount each donor has given as needed with the help of just a few clicks.
Track unbilled time and expenses: View all clients with unbilled time and costs by employee, project, client, or service on a single screen. Easily send an invoice with just a few clicks.
Create different billing rates by employee, client, or service - Pay and get paid the right amount by efficiently and simply setting various billing rates.
Easily keep track of all your sales results: The Sales Summary Form is an accurate and flexible way to keep track of all your sales.
Enter total payments and taxable/non-taxable sales for the day, week, or any other period you choose.
Stay on top of inventory and costs: Keeping track of inventory and setting reorder points is easy. Run a profit and loss report to analyze one month's profit and loss to another quickly. As observed above, QuickBooks Premier not only eases your accounting and tax practices, it helps in building your business and shaping it for profitable prospects. The various report creation tools allow you to keep track of your expenses and bills, estimate creation, and keep a check on payrolls. In simple words, QB not only helps in establishing a business but running it smoothly as well.
Keeping track of the money is essential and challenging when you run a business. This can be done much more quickly and easily with QuickBooks Premier.
Pros and Cons of QuickBooks Premier
Here are the pros and cons of QuickBooks Premier based on reviews from popular sites:
Advanced reporting - Reviewers cite the more robust and customizable reports and templates as a major advantage of Premier. They find the dashboards and customized reports useful for gaining insights.
Higher cost - Nearly all reviews mention that Premier has a higher initial purchase price and ongoing subscription cost compared to QuickBooks Pro.
Additional features - Sites praise features like job costing, inventory assembly and department tracking that are only available in Premier. They say these are valuable for certain types of businesses.
Complicated - Some reviewers, especially those new to QuickBooks, find Premier to be more complicated and have a steeper learning curve versus Pro.
Integrations - Reviews mention the ability to integrate with third-party apps and POS systems as a pro of Premier. They find the integrations useful for automating workflows.
Overkill for some - A few sites say Premier has too many advanced features for businesses with simpler needs, making it overkill.
Scalability - Sites note that the ability to support up to 30 users makes Premier a good choice for growing small businesses or those with multiple people accessing the accounting software.
Compatibility issues - A few reviews mention that updating to new versions of Premier can sometimes cause compatibility issues or data loss.
Customer support - Reviewers give high marks to QuickBooks' Premier customer support, calling it responsive, knowledgeable and helpful.
Subscription requirement - Some reviewers criticize the requirement for an annual subscription to continue receiving support, updates and access to features with Premier.
Different Pricing Plans for Various QuickBooks Premier Versions?
Here is a table of the different pricing plans for various QuickBooks Premier versions from 2021 to 2023:
|QB Premier Version||Price (per year)||Users||Features||2021||2022||2023|
Up to 5 users
Basic accounting features, including invoicing, tracking expenses, and creating reports
Up to 3 users
Features for contractors, including invoicing, tracking expenses, and generating estimates.
|QuickBooks Premier Nonprofit|
Up to 5 users
Features for nonprofits, including invoicing, tracking expenses, and generating reports.
|QuickBooks Premier Manufacturing and Wholesale|
Up to 5 users
Features for manufacturers and wholesalers, including inventory tracking, job costing, and sales tax reporting.
|QuickBooks Premier Construction|
Up to 5 users
Features for contractors, including job costing, estimates, and scheduling.
|QuickBooks Premier Retail|
Up to 5 users
Features for retailers, including inventory tracking, point-of-sale, and customer loyalty programs.
Please note that these prices are subject to change. For the most up-to-date pricing information, please visit the Sagenext website.
Alternatives of QuickBooks Desktop Premier
Here are some alternatives to QuickBooks Desktop Premier:
Zoho Books - An online accounting software with similar features to QuickBooks Premier like invoicing, expense tracking, budgets, and reports. Has integrated inventory and job tracking. Starts at $12/month.
Wave Accounting - Another cloud-based option with invoicing, bills, expense management, and inventory features. Supports multiple users. Free for up to 3 users, then $30-$50/month.
Sage Accounting - Offers several mid-market accounting software options as an alternative to QuickBooks Premier. Options like Sage 50c and Sage 100c include robust features and support multiple users. Prices start at $200/month.
Zero - Growing in popularity as an online accounting software. Features include customized reporting, expense tracking, multi-user support, and inventory management. Starts at $12/month.
FreshBooks - Best known for invoicing but also offers bill payments, expense tracking, time tracking, and basic reporting. Several pricing plans. Starts at just $15/month.
QuickBooks online - While a different product, QBO can be a viable alternative depending on your needs. Offers cloud-based accounting with many similar features to Premier. Starts at $20/month.
The prices may differ from the prices presented online.
What’s new in QuickBooks Premier Plus 2023
QuickBooks Premier Plus 2023 includes a number of new features and improvements, including:
Automatic payment reminders: QuickBooks can now automatically remind customers when payments are due. This can help you to improve your cash flow and reduce the risk of late payments.
Add PO numbers to mails: QuickBooks can now automatically add PO numbers to invoices when they are emailed to customers. This can help you to improve your record-keeping and prevent duplicate payments.
Combine multiple invoices in one email: QuickBooks can now combine multiple invoices into a single email. This can save you time and effort when sending invoices to customers.
Easier-to-read customer reports: QuickBooks has made it easier to read customer reports by adding the ability to hide columns. This can help you to focus on the information that is most important to you.
Smart Help: QuickBooks has added a new feature called Smart Help. Smart Help provides you with help content and search options that are tailored to your specific needs.
QuickBooks Premier Vs Pro
|Feature||QuickBooks Pro||QuickBooks Premier|
|Users||Up to 3 users||Up to 30 users|
|Reporting and Analytics||Standard reporting and graphs||Advanced reporting, customizable reports and dashboards|
|Inventory||Basic||Assembly, serialized inventory and bin locations|
|Custom Fields||Limited||Unlimited custom fields|
|Job Costing||-||Built-in job costing|
|Department Tracking||-||Department or location tracking|
|Integrations||Limited||More extensions and integrations|
|Bank Feeds||Limited||Enhanced bank feeds|
|Payroll||-||Payroll feature available|
Overall Reviews and rating of QuickBooks Premier Plus
QuickBooks Pro is best for:
- Simple accounting needs
- Up to 3 users
- Beginners and non-profits
QuickBooks Pro is best for:
- More complex accounting needs
- Growing businesses
- Up to 30 users
- Department or location tracking
- Project-based businesses
QuickBooks Premier vs Enterprise?
Here is a table comparing QuickBooks Premier Vs QuickBooks Enterprise:
|Feature||QuickBooks Premier||QuickBooks Enterprise|
|Users||Up to 30 users||Unlimited users|
|Job Costing||Basic job costing||Advanced job costing|
|Reporting||Advanced reporting and custom reports||Highly customized multiperiod reports|
|Financial Controls||Budgeting and basic controls||Robust user permissions and approvals|
|Customization||Configurable fields and forms||Highly customizable|
|Accounting Basis||Accrual or cash basis||Multi-entity accrual basis|
|Integration||Integrates with some 3rd party apps||Seamlessly integrates all systems|
|Scaling||Designed for up to 30 users||Scales to thousands of users easily|
|Support||Priority phone/email support||24/7 production support|
QuickBooks Desktop Premier vs QuickBooks Premier Hosting vs QuickBooks Online
|Softwares||QuickBooks Desktop Premier||QuickBooks Premier Hosting||QuickBooks Online|
|Price||$549.99 per year||$50 per month||Has different pricing plans for different user-versions like: $180/$80/$50/$25/ month.|
|Number of reports||150||150||120|
|Number of user accounts||1 - 5||1 - 5||1 - 25|
|Bank file uploading|
QuickBooks Desktop Premier software is not a cloud based application. But you can choose to host QuickBooks premier on the cloud to perform seamless financial operations. QuickBooks Premier Hosting uses the process of integrating the QuickBooks Premier application into a cloud server that is hosted remotely on high-performance computing resources.
What is QuickBooks Premier for nonprofits?
If you run a nonprofit, you can change your QuickBooks Online account to fit your organization's needs better. A few simple edits will have your account using the same language, reporting, and paperwork as nonprofits.
Though Non Profit Organizations are eligible for tax breaks, they still need a sufficient amount of money to keep their organization...
Is QuickBooks Premier the Same as QuickBooks Desktop?
No, QuickBooks Premier is not the same as QuickBooks Desktop. QuickBooks Premier is a version of QuickBooks Desktop that includes additional features and functionality for businesses that need more specialized accounting tools. QuickBooks Desktop is the basic version of QuickBooks that is designed for small businesses with general accounting needs.
Is QuickBooks Premier 2019 Still Supported?
No, QuickBooks Premier 2019 is no longer supported. Intuit's official announcement that the add-on service for QuickBooks Desktop Pro, Premier, and Enterprise Solutions v19 will be discontinued after 31st May 2022. This means that you will no longer receive security updates, bug fixes, or technical support for QuickBooks Premier 2019. If you are still using QuickBooks Premier 2019, you should upgrade to a newer version of QuickBooks as soon as possible.
The accounting and bookkeeping tools in QuickBooks Premier are wide-ranging and robust. However, after you've mastered it, you'll be able to precisely track and manage your finances using tools like Bank reconciliation, despite the high learning curve that comes with so many capabilities.
You can quickly locate items and perform inventory-related actions using the Inventory Center in QuickBooks. Utilize this built-in report to keep track of financial data by location, division, or profit center independently and efficiently. You can bill clients accordingly by keeping track of time and materials, job phases, or percentage completion.