In the context of the financial management of a developing business, QuickBooks is one of the go-to options. Two programs are available here and they are QuickBooks online and QuickBooks enterprise.
As for the online version, it is accessible, but QuickBooks enterprise solution adds more features that may be useful for big and intricate businesses. In this post I’ve outlined five fundamental differences between the enterprise solution and the basic online version.
Well, let’s continue reading the entire blog post before you look for QuickBooks online pricing.
More Choices
The first advantage applies to Enterprise as it provides considerably more customization compared to online. For instance, Enterprise allows generation of over 5,000 custom fields to capture various business data.
Furthermore, it offers even more opportunities to adapt the forms, reports and invoices to the certain company processes. Also, the inventory feature is quite sophisticated which can help in customization of inventory as well as the sales reports.
On the other hand, the custom options offered by the site are rather limited compared to Online. Therefore, for firms that require more customization as per their business requirements, Enterprise edition is the choice.
Advanced User Controls:
In the same regard, QuickBooks Enterprise provides more robust means of controlling users and what they are allowed to do. Specific controls like class tracking, closing date restrictions and data access controls offer additional detail on what can be viewed.
For instance, specific employees can be limited to read only or update only specific forms, transactions, reports etc. This cuts down on risks and increases efficiency.
In this regard, user management capabilities are limited on Online and that is why it is not very useful for large teams. As for the businesses that need to have strict control over employees’ access, the Enterprise edition has the necessary level of permissions that are absent in Online.
High Storage Capacity
Besides, it has a feature of accommodating larger volumes of data than the online version of Enterprise. It supports up to 30 GB of data while on the other hand, online storage has a limit of 5 GB only.
Due to large product catalogue, long vendor list, years of transaction history etc., Online quickly crosses data barrier. However, the Enterprise edition can be used to store large amounts of data needed in large companies.
It also provides a better performance for large volumes of data exercises such as report writing. Companies that are still experiencing rapid growth foresee that their data storage needs will soon surpass the capabilities of Online and switching to Enterprise solutions become viable for the long term.
Better Integration Options
Apart from being reasonable QuickBooks online price, QuickBooks enterprise solution allows synchronizing with numerous third-party business applications using add-ons and APIs.
The online edition is not as integrated as this one in terms of linkages. The seamless integrations of the systems enable the tuning of processes as organizations grow.
From inventory management to sales enablement – to help businesses evolve, QuickBooks needs to integrate with other solutions. Enterprise is the best solution for the mid to large scale firms that require integrating QuickBooks with the other business systems.
Superior Support Services
Alternatively, the organization has superior support services, which are also perfect for the job. Further, specific customer support services for Enterprise users are helpful.
Services like US based phone and chat support, assisted payroll and data migration are helpful in the smooth functioning of finance operations. Even in terms of solving technical problems it takes less amount of time to get the issues solved with the help of Enterprise support.
On the other hand, online mostly provides self-service troubleshoot resources. As seen for the finance teams who are engaged in such challenging tasks, availability of such experts is beneficial in many ways.
Conclusion
In conclusion, QuickBooks Enterprise offers features like flexible reporting and organizing tools, security, large data storage, integration and superior service for enterprises. Online is good for the small firms but has these challenges as the operations scale up.
As the systems are able to store and process more data, adapt easily to organizational requirements, connect to other systems and also offer prompts – Enterprise solutions provide more features for sustainable success in long run when organizations seek expansions.
