QuickBooks Enterprise is a powerful accounting software designed for midsized to large businesses. It has the most advanced features compared to other editions of QuickBooks. Its core functionalities encompass advanced inventory management, banking reconciliation, job costing centers, and customized reporting catering to different industries.
QuickBooks Enterprise offers four distinct editions—Silver, Gold, Platinum, and Diamond—each tailored to meet the unique requirements of businesses of varying sizes and complexities. Let’s compare which QuickBooks Enterprise plan fits your business needs.
Key Differentiators of QuickBooks Enterprise 24.0 Editions: Silver vs. Gold vs. Platinum vs. Diamond
QuickBooks Enterprise Silver
QuickBooks Enterprise Silver serves as the entry point into the QuickBooks Enterprise suite, catering to businesses with uncomplicated accounting needs. QuickBooks Enterprise Silver is a budget-friendly edition that comes with customer support, product upgrades, and advanced reporting but lacks features such as inventory management and advanced payroll.
QuickBooks Enterprise Silver features include:
- Online Storage
- Loyalty Program
- Advanced Reporting
- Invoice Tracking
- QuickBooks Priority Circle Service
- Automatic Upgrades
- E-Commerce Integration
- Online backup Data Storage and Recovery
- Automatic Software Upgrades
- Supports upto 30 users
QuickBooks Enterprise Gold
QuickBooks Enterprise Gold is a mid-range version that offers a balance between advanced features and budget. It includes all the Silver features plus additional features for businesses that require more advanced functionality.
Features of QuickBooks Enterprise Gold include:
- Efficient payroll processing for a large workforce
- Seamless W-2 forms generation
- Fixed asset tracking
- Convenient direct deposit of employee salaries
- Secure cloud access (at an additional fee)
- QuickBooks Priority Circle Service
- Supports upto 30 users
QuickBooks Enterprise Platinum
QuickBooks Enterprise Platinum edition is a perfect business solution for industries that deal with manufacturing and supply chains. Platinum includes all the features of Gold and Silver editions plus additional features for businesses that require more sophisticated functionality.
Two major features included in QuickBooks Enterprise Platinum are Inventory Management and Advanced Pricing, which enable users to track inventory and gain control over product pricing.
QB Enterprise Platinum features include:
- Streamlined bill and PO workflow approvals
- Advanced reporting and analysis
- Advanced pricing
- Advanced inventory
- Secure cloud access (at an additional fee)
- QuickBooks Priority Circle Service
- Supports upto 30 users
QuickBooks Enterprise Diamond
QuickBooks Enterprise Diamond is the most premium edition of QuickBooks Enterprise. It is designed for larger businesses seeking assisted payroll, additional user capacity, time tracking, and Salesforce CRM integration.
Diamond includes all Platinum features plus additional features for businesses that require the highest level of functionality. Diamond includes a dedicated account manager, assisted payroll, unlimited users, time tracking, and Salesforce CRM integration. It supports up to 40 user accounts (10 more than any other version of QB Enterprise).
QuickBooks Enterprise Diamond features include:
- Enhanced Connectivity with Salesforce CRM
- Optimized Workforce Management with QuickBooks Time Elite
- Integrated Payroll Functionality
- Streamlined Bill and PO Workflow Approvals
- Comprehensive Advanced Reporting Features
- Advanced Inventory Management
Quick Comparison of QuickBooks Enterprise Editions
Here are some quick comparison of QuickBooks Enterprise editions:
| Feature | Silver | Gold | Platinum | Diamond |
| Number of users | 30 | 30 | 30 | 40 |
| Pricing | $840/user/month | $879/user/month | $918/user/month | $1250/user/month |
| Core accounting features | 🗸 | 🗸 | 🗸 | 🗸 |
| QuickBooks Priority Circle Support | 🗸 | 🗸 | 🗸 | 🗸 |
| Payroll management | × | 🗸 | 🗸 | 🗸 |
| Advanced Reporting | × | 🗸 | 🗸 | 🗸 |
| Job costing | × | 🗸 | 🗸 | 🗸 |
| Fixed asset tracking | × | 🗸 | 🗸 | 🗸 |
| Advanced inventory management | × | × | 🗸 | 🗸 |
| Multiple currencies | × | × | 🗸 | 🗸 |
| Global Reporting | × | × | 🗸 | 🗸 |
| Enhanced user permissions | × | × | 🗸 | 🗸 |
| Bill & PO Workflow Approvals | × | × | 🗸 | 🗸 |
| Dedicated account manager | × | × | × | 🗸 |
| QuickBooks Desktop Enhanced Payroll | × | 🗸 | 🗸 | 🗸 |
| Time tracking | × | × | × | 🗸 (at an additional cost) |
| Salesforce CRM integration | × | × | × | 🗸 (as an add-on at an additional cost) |
| QuickBooks Time Elite | × | × | × | 🗸 |
Does QuickBooks Enterprise Require Every User to Have Their Own License?
You need one license seat for every person in your accounting team who will be using QuickBooks Desktop Enterprise. A license can include multiple license seats.
Buying genuine QuickBooks Enterprise licenses is mandatory, regardless of which QuickBooks Enterprise version you choose. It ensures you have access to all the features and functionalities, support, and updates that QuickBooks offers.
Using a legitimate license protects your business from legal issues and software malfunctions that can come up with unauthorized versions. It also guarantees that you are fully compliant with Intuit’s terms and conditions, allowing you to confidently manage your finances with the robust tools and security that come with an authentic QuickBooks Enterprise license.
Always buy a license from an Intuit-authorized QuickBooks Solution Provider, such as Ace Cloud, to ensure authenticity and reliability for your business’s accounting needs. With Ace Cloud, you can get a QuickBooks license at a discounted rate.
Factors to Evaluate QuickBooks Enterprise Plans
Now that you know the features of these editions of QuickBooks Enterprise, let’s see the factors to determine the most suitable option for your business needs:
Business Size and Complexity
You should carefully consider both the size and complexity of your operations. Start by assessing the scale of your business—how many users will be actively engaging with the software? The number of users allowed in each QuickBooks Enterprise version varies, so choose a plan that comfortably accommodates your current team size and allows growth.
When it comes to business processes, if your company deals with intricate inventory management or has specific industry requirements, you must select a QuickBooks Enterprise version that can handle these complexities.
Choose Silver for mid-level businesses with basic accounting needs, Gold for mid-sized businesses with more complexity, Platinum for larger businesses with intricate needs, and Diamond for enterprise-level businesses with highly complex accounting requirements.
Features and Functionality
When picking a QuickBooks Enterprise version, focus on features that match your business needs. If you need detailed reports, prioritize versions with advanced reporting. For businesses managing inventory, look for features like serial tracking or multiple location tracking.
Choose a version that allows customization to fit your unique processes. If your industry has specific requirements, ensure the version caters to them. Basically, go for a version that not only meets your current needs but also provides the flexibility and capabilities necessary to support your business’s growth and evolving functionalities.
Silver offers essential accounting features like invoicing and expense tracking. Gold expands with advanced reporting and multiple users. Platinum adds in-depth inventory management, custom reporting, and global consolidation. Diamond includes advanced budgeting, multi-currency transactions, and industry-specific features for comprehensive accounting solutions.
User Friendliness
Opt for the QuickBooks Enterprise version with an intuitive and easy-to-use interface. Consider the learning curve for your team – a user-friendly version reduces training time and enhances overall efficiency. Also, check for features like simple navigation, clear instructions, and visual cues.
A user-friendly QuickBooks Enterprise version ensures your team can quickly adapt to and make the most of the software without unnecessary complications. Prioritize a QuickBooks Enterprise version that promotes ease of use for seamless integration into your daily business activities.
Silver is user-friendly, requiring minimal training for basic tasks. Gold is also user-friendly but benefits from some familiarity with accounting concepts. Platinum may need more in-depth training due to advanced features. Diamond, designed for enterprise-level capabilities, may require specialized training for optimal utilization.
Integrations with Other Tools or Add-ons
You must ensure your QuickBooks Enterprise version easily integrates with your existing tools like customer management and e-commerce platforms. Also, check for useful add-ons that can enhance the software’s capabilities based on your specific business needs.
Silver offers basic integrations with productivity tools, eCommerce platforms, and payment gateways. Gold adds industry-specific software and custom application support. Platinum provides comprehensive integrations with enterprise-level software and customization options. The Diamond edition includes specialized integrations, including Salesforce CRM integration through the Salesforce CRM connection.
Pricing
Consider the pricing structure of QuickBooks Enterprise versions when making your decision. Compare the costs of different plans and evaluate the value they offer. Be aware of any additional expenses, such as extra user fees or add-on costs. Ensure that the features provided in the chosen plan align with your business needs and justify the price.
Silver is the most affordable option, making it great for tight budgets. Gold offers enhanced features and fits in moderate budgets. Platinum, a bit pricier, offers advanced features for larger budgets. Diamond is the most expensive, justified by its enterprise-level capabilities.
Moreover, if you want to access QuickBooks Enterprise remotely, then host QuickBooks on the cloud; with the cloud hosting option, you can enhance the working and features of all QuickBooks Enterprise versions – Silver, Gold, Diamond, and Platinum.
Get Additional Benefits By Hosting QuickBooks Enterprise on Cloud
QuickBooks Enterprise is desktop software that does not offer remote access, which restricts the enhancement of your accounting team’s collaboration and productivity.
Hosting QuickBooks Enterprise on Cloud overcomes these challenges and offers comprehensive access to QuickBooks Enterprise features along with cloud flexibility. With cloud access, your team can manage accounting tasks from anywhere and collaborate with clients, unrestricted by physical location.
Moreover, you can prefer availing of Intuit-Authorized QuickBooks Cloud Hosting services from a leading company like Ace Cloud. It will help you in multiple aspects, such as:
- 99.99% uptime
- 45-days immutable data backups
- Top-notch security
- Dedicated servers
- Round-the-clock support
FAQs About QuickBooks Enterprise Editions
What are the main differences between QuickBooks Enterprise Silver, Gold, Platinum, and Diamond?
The main differences between QuickBooks Enterprise Silver, Gold, Platinum, and Diamond are below:
– Silver: Includes the core QuickBooks Enterprise features like advanced reporting, inventory management, and up to 30 users.
– Gold: Everything in Silver plus Enhanced Payroll, which automates payroll tasks and tax filings.
– Platinum: Everything in Gold plus Advanced Inventory and Advanced Pricing for more sophisticated inventory and pricing management.
– Diamond: Everything in Platinum plus additional features like Assisted Payroll, which provides payroll services, and more customizations. It also offers higher user limits and integration with Salesforce CRM.
Which QuickBooks Enterprise edition is best for my business?
The best edition depends on your business needs:
– Silver is ideal for businesses needing robust accounting and reporting without payroll.
– Gold suits businesses that need to manage payroll within QuickBooks.
– Platinum is perfect for businesses with complex inventory and pricing needs.
– Diamond is designed for larger businesses requiring extensive customization and integration capabilities.
Can I upgrade my QuickBooks Enterprise edition if my business needs change?
Yes, you can upgrade from Silver to Gold, Platinum, or Diamond as your business requirements evolve. QuickBooks makes it straightforward to switch plans and access additional features.
What is the Enhanced Payroll feature in QuickBooks Enterprise Gold?
Enhanced Payroll allows businesses to manage payroll directly within QuickBooks, automating paycheck calculations, tax filing, and ensuring compliance with tax laws.
What advanced features does the Platinum edition offer?
The Platinum edition includes Advanced Inventory and Advanced Pricing:
– Advanced Inventory: Provides tools for inventory tracking, barcode scanning, and managing multiple warehouse locations.
– Advanced Pricing: Allows for sophisticated pricing rules, volume discounts, and scheduled price changes.
What additional benefits does QuickBooks Enterprise Diamond offer?
Diamond includes all the features of the Platinum edition plus:
– Assisted Payroll: A service that handles payroll taxes and filings.
– Salesforce CRM integration: Seamlessly integrates with Salesforce, enabling better customer relationship management.
– Higher user limits and more customization options.
How do I decide between Enhanced Payroll and Assisted Payroll in QuickBooks Enterprise?
– Enhanced Payroll (included in Gold and Platinum) is suitable for businesses comfortable managing payroll internally.
– Assisted Payroll (available with Diamond) is for businesses that prefer to outsource payroll processing and compliance tasks to QuickBooks experts.
Decision Time- Choosing the Best QuickBooks Enterprise Edition
To make the right call, consider your business size, industry needs, and what features matter most.
To understand in the simplest way:
- QuickBooks Enterprise Silver edition is perfect for midsized businesses with simple inventory accounting needs and no employees.
- QuickBooks Enterprise Gold is ideal for businesses that require basic payroll management features.
- QuickBooks Enterprise Platinum works best for businesses with extensive inventory management workflows and complex pricing structures.
- QuickBooks Enterprise Diamond is the savior for larger businesses seeking assisted payroll, additional user capacity, time tracking, and Salesforce CRM integration.
Still confused? We’ve got you covered. With over 15 years of experience, as a QuickBooks Solutions Provider, we provide authentic QuickBooks licenses at discounted prices.
Our team of experts is available 24/7 to provide exceptional support and help you resolve your QuickBooks concerns promptly. Get in touch with our Solutions Consultant at +1-855-223-4887.
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