The key differences between QuickBooks Premier vs Enterprise lie primarily in scalability and features.
- QuickBooks Premier is a more cost-effective choice for small and midsize businesses (SMBs) with up to five concurrent users and those that don’t need advanced accounting features.
- QuickBooks Enterprise is suitable for companies with higher user requirements and complex inventory management needs, such as serial and lot number tracking and barcode scanning.
Why you can trust Fit Small Business
My methodology
I compared the QuickBooks Online plans by looking at the features that most often affect small business accounting decisions: monthly pricing, number of users, core bookkeeping tools, invoicing, bill management, time tracking, inventory, project profitability, reporting, automation, and scalability.
I also considered which businesses each plan fits best. For example, I looked at whether a plan is better suited for a solo contractor, a small service business, a product-based business, a project-based company, or a more established business with multiple users and more complex workflows.
Finally, I reviewed plan limitations and upgrade triggers, such as when a business needs inventory tracking, more users, class and location tracking, batch workflows, advanced reporting, or stronger access controls. My recommendations are based on practical fit rather than a formal scoring rubric.
| QuickBooks Premier | QuickBooks Enterprise | |
|---|---|---|
| Fit Small Business Rating | Unrated | 4.42 ★ |
| Annual Pricing | $1,399 | $1,410 for one seat to $9,266 for 11-20 users* |
| Free Trial | Contact QuickBooks for latest information | ✕ |
| Money-back Guarantee | ✕ | ✕ |
| Standout Features |
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| Ease of Sharing With External Accountants | Must create an Accountant’s Copy, which is not as convenient as file sharing in a cloud-based accounting software | |
| Scalability | Up to five users | Up to 40 users |
| Ease of Use | Both have a steep learning curve and require expertise | |
| Average Rating on Third-party Review Sites | 4.4 on Capterra | 4.5 on Software Advice |
| Visit QuickBooks Enterprise | ||
*Prices are based on the edition’s entry-level plan, Silver. See our QuickBooks Enterprise review for the pricing details of all tiers.
Use Cases and Pros & Cons
Use Cases
- Small businesses with basic inventory needs: While Enterprise offers advanced features like multi-location tracking, these are often unnecessary for smaller businesses. Premier provides essential tools—such as item records, quantity tracking, POs, and sales orders—perfect for small retail shops or boutiques. It’s more affordable, easier to use, and avoids the complexity of Enterprise, making it the better fit for straightforward inventory management.
- Smaller teams that don’t anticipate scaling in the next few years: Unlike Enterprise, which supports up to 40 seats but comes with higher costs and complexity, Premier’s five-user limit is sufficient for collaboration among key members like the owner, bookkeeper, and accountant, without the expense of additional licenses.
- Light manufacturers: Premier is an excellent choice for light manufacturers needing to track inventory levels, monitor stock movements, and generate reports for shortages. While Enterprise offers more advanced features, Premier delivers the core tools necessary for smaller operations, providing a simpler and more cost-effective solution without unnecessary complexity.
Use Cases
- Growing companies with complex needs: Enterprise offers enhanced scalability, handling higher transaction volumes and more advanced accounting requirements, making it ideal for businesses outgrowing Premier or entry-level solutions.
- Large businesses with extensive inventory: You get advanced tools like serial and lot tracking, barcode scanning, FIFO costing, and multi-warehouse management, which surpasses Premier’s capabilities.
- Businesses with intricate pricing: The advanced pricing module lets you set detailed rules, discounts, and promotions based on customer types or order quantities. This price flexibility might be unavailable with Premier now since it’s no longer offered to new customers—plus, existing customers may have a different pricing structure.
- Asset-heavy businesses: Enterprise’s Fixed Asset Manager (FAM) tracks and manages tangible assets, calculates depreciation, and generates detailed performance reports, features unavailable in Premier.
- Startups and microbusinesses looking to keep their costs low: Both Premier and Enterprise come with high costs, which can be a drawback for startups and small businesses with limited budgets. Wave is a compelling alternative, as it is free and doesn’t skimp on essential accounting features, including income and expense tracking and invoicing. Read our review of Wave to learn more.
- Businesses wanting to share their books with an outside accountant: Premier and Enterprise are both locally installed, meaning you need to be in front of the computer where the programs are installed to access them. If you want the ability to use your software and access data anytime and anywhere, consider a cloud-based alternative like QuickBooks Online. Head over to our QuickBooks Online review to learn more about its cloud-based features.
If you can’t decide between a desktop and cloud-based software, see our QuickBooks Online vs Desktop comparison.
You can also check out our list of the best small business accounting software, which includes cloud-based alternatives like QuickBooks Online.
User Reviews: Tie
| QuickBooks Premier | QuickBooks Enterprise | |
|---|---|---|
| Average Rating on Third-party Sites | 4.4 out of 5 based on ~100 reviews on Capterra | 4.5 out of 5 based on ~20,000 reviews on Software Advice |
| Users Like |
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| Users Dislike |
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Many users like Premier’s automation features for invoicing, payment reminders, and expense tracking, along with customizable reports. On the downside, some said that they dislike that it’s not cloud-based, found it a bit expensive, and shared frustrations with reaching customer support.
Among the many accounting software I’ve reviewed, QuickBooks Enterprise stands out for its advanced features, industry-specific editions, and scalability, which make it a solid choice for SMBs. That said, it has a steep learning curve and can be costly, especially when you factor in add-ons like payroll or cloud hosting.
In my opinion, both Premier and Enterprise are complex software, i.e., they’re not entry-level accounting software that any business can just use right out of the box. Also, and most especially, the user must have a deep knowledge of accounting to fully utilize their features.
Pricing: QuickBooks Enterprise Wins
QuickBooks Premier’s price is reported to be $1,399 a year as of October 1, 2024. Also, no details are disclosed regarding the number of users, so I recommend contacting QuickBooks for the latest information.
In the meantime, here are the prices of QuickBooks Enterprise for both the local and cloud versions.
Local Version
| Number of Users | Silver | Gold | Platinum | Diamond |
|---|---|---|---|---|
| 1 | $142 | $194 | $231 | $389 |
| 2 | $233 | $276 | $320 | $465 |
| 3 | $291 | $334 | $378 | $516 |
| 4 | $349 | $392 | $436 | $569 |
| 5 | $427 | $475 | $519 | $650 |
| 6 | $474 | $518 | $565 | $689 |
| 7 | $517 | $564 | $611 | $730 |
| 8 | $563 | $610 | $656 | $771 |
| 9 | $609 | $655 | $701 | $811 |
| 10 | $654 | $699 | $746 | $852 |
| 11-20 | $960 | $1,004 | $1,049 | $917 |
| 11-30 | $960 | $1,004 | $1,049 | $1,120 |
| 31-40 | N/A | N/A | N/A | $1,429 |
| Number of Users | Silver | Gold | Platinum | Diamond |
|---|---|---|---|---|
| 1 | $1,481 | $1,922 | $2,363 | N/A |
| 2 | $2,358 | $2,801 | $3,242 | N/A |
| 3 | $2,948 | $3,393 | $3,834 | N/A |
| 4 | $3,540 | $3,982 | $4,423 | N/A |
| 5 | $4,324 | $4,789 | $5,252 | N/A |
| 6 | $4,788 | $5,251 | $5,717 | N/A |
| 7 | $5,250 | $5,716 | $6,180 | N/A |
| 8 | $5,715 | $6,179 | $6,643 | N/A |
| 9 | $6,178 | $6,642 | $7,106 | N/A |
| 10 | $6,641 | $7,104 | $7,567 | N/A |
| 11-30 | $9,729 | $10,191 | $10,656 | N/A |
| 31-40 | N/A | N/A | N/A | N/A |
Cloud Version
| Number of Users | Silver | Gold | Platinum | Diamond |
|---|---|---|---|---|
| 1 | $180 | $217 | $254 | $446 |
| 2 | $311 | $347 | $384 | $579 |
| 3 | $417 | $454 | $491 | $687 |
| 4 | $523 | $560 | $597 | $797 |
| 5 | $645 | $684 | $723 | $935 |
| 6 | $741 | $780 | $818 | $1,031 |
| 7 | $837 | $875 | $914 | $1,129 |
| 8 | $932 | $971 | $1,010 | $1,227 |
| 9 | $1,028 | $1,067 | $1,105 | $1,324 |
| 10 | $1,123 | $1,162 | $1,201 | $1,422 |
| 11-30 | Custom | Custom | Custom | Custom |
| 31-40 | N/A | N/A | N/A | N/A |
| Number of Users | Silver | Gold | Platinum | Diamond |
|---|---|---|---|---|
| 1 | $190 | $227 | $264 | $456 |
| 2 | $331 | $367 | $404 | $599 |
| 3 | $447 | $584 | $521 | $717 |
| 4 | $563 | $600 | $637 | $837 |
| 5 | $695 | $734 | $773 | $985 |
| 6 | $801 | $840 | $878 | $1,091 |
| 7 | $907 | $945 | $984 | $1,199 |
| 8 | $1,012 | $1,051 | $1,090 | $1,307 |
| 9 | $1,118 | $1,157 | $1,195 | $1,414 |
| 10 | $1,223 | $1,262 | $1,301 | $1,522 |
| 11-30 | Custom | Custom | Custom | Custom |
| 31-40 | N/A | N/A | N/A | N/A |
| Number of Users | Silver | Gold | Platinum | Diamond |
|---|---|---|---|---|
| 1 | $201 | $238 | $275 | $467 |
| 2 | $353 | $389 | $426 | $621 |
| 3 | $480 | $517 | $554 | $750 |
| 4 | $607 | $644 | $681 | $881 |
| 5 | $750 | $789 | $828 | $1,040 |
| 6 | $867 | $906 | $944 | $1,157 |
| 7 | $984 | $1,022 | $1,061 | $1,276 |
| 8 | $1,100 | $1,139 | $1,178 | $1,395 |
| 9 | $1,217 | $1,256 | $1,294 | $1,513 |
| 10 | $1,333 | $1,372 | $1,411 | $1,632 |
| 11-30 | Custom | Custom | Custom | Custom |
| 31-40 | N/A | N/A | N/A | N/A |
Features: QuickBooks Enterprise Wins
Premier and Enterprise share many standard features, such as billing and invoicing, bank reconciliation, inventory management, and industry-specific editions. However, Enterprise offers additional and more enhanced features, summarized in the table below.
| Features | Premier | Enterprise |
|---|---|---|
| Pricing Management | Set up price levels; limited | Set up customized rules based on various criteria |
| Advanced Reporting | ✕ | ✓ |
| Inventory Management | Average costing (AVCO) method | Switch from AVCO to FIFO |
| Track Inventory With Bar Code Scanning | ✕ | ✓ |
| Track Inventory by Location & Bin | ✕ | ✓ |
| Manage & Track Fixed Assets | ✕ | ✓ |
| Payroll Included | Add-on required | Gold, Platinum, and Diamond tier |
| Unlimited Customer Support | ✓ | Priority Circle Membership(Issues are given higher priority) |
| Cloud Access | Additional fee | Additional fee |
Usability: QuickBooks Enterprise Wins
In evaluating usability, I looked at customer support, ease of use and setup, and bookkeeping support. QuickBooks Enterprise comes out ahead, as Premier is no longer offered to new customers and may eventually be discontinued, pushing users to migrate.
Transitioning from Premier to Enterprise is seamless due to their similar design, but Enterprise’s advanced features—like inventory management and enhanced reporting—can involve a learning curve. Fortunately, there are plenty of online resources to help new users. Enterprise also excels in customer support, offering Priority Circle with faster response times and dedicated account managers.
However, setup for both Premier and Enterprise can be tedious due to their advanced features requiring significant configuration, placing them on the same level in this area. Bookkeeping support for desktop versions is more cumbersome, as sharing the Accountant’s Copy requires email or thumb drive transmission, and reintegration takes extra time. In contrast, QuickBooks Online simplifies this process with real-time data access for accountants.
Advantages of QuickBooks Enterprise
As the sole desktop product offered by QuickBooks, it’s evident that Intuit is steering users toward Enterprise. For those exploring desktop accounting software for the first time, Enterprise has several standout features worth noting. These not only highlight the tool’s robust capabilities but also help justify the high price point and the great value for money if you can fully leverage its functionality.
Enhanced Scalability
QuickBooks Enterprise supports up to 40 seats, far exceeding Premier’s limit of five, making it ideal for growing businesses needing more collaboration as they expand. It also handles up to 100,000 inventory items compared to Premier’s 14,500, which is crucial for managing extensive product catalogs or complex inventory workflows.
For businesses aiming to scale and handle larger operations efficiently, Enterprise provides the advanced tools and capacity that Premier simply cannot match.
Advanced Inventory
Enterprise stands out with its advanced inventory management features, surpassing what Premier offers. It includes barcode scanning for precise tracking, stockout alerts, and the ability to monitor inventory by serial or lot numbers.
It also supports multi-warehouse inventory management and provides flexibility to switch from the AVCO method to the FIFO method. This makes it ideal for businesses with complex inventory needs.
Advanced Pricing
Enterprise excels in pricing management with its advanced pricing module, offering far greater flexibility than Premier. While Premier allows for customized price levels for specific items or customers, Enterprise lets you create detailed pricing rules based on criteria like customer types, purchase quantities, and customer groups. This enables you to tailor your pricing structure to meet diverse needs.
Enterprise also allows transaction-level price adjustments based on internal agreements and the ability to apply discounts based on quantity. For example, instead of offering just a flat “Preferred Customer” discount like Premier, Enterprise lets you set dynamic rules—such as reducing the price per unit from $120 to $100 when a client buys 10 or more items—encouraging bulk purchases, and enhancing sales strategies.
Fixed Asset Management
QuickBooks Enterprise’s FAM simplifies tracking and managing fixed assets by recording essential details like acquisition date, purchase cost, depreciation method, and useful life. You can choose from the double declining balance method, straight-line method, or MACRS depreciation, and the software will calculate depreciation expenses automatically based on these inputs.
When disposing of an asset, FAM lets you record key details like disposal date, sale proceeds, or write-off value. This ensures accurate and efficient asset management.
Enhanced or Assisted Payroll
If your company has employees and is using Premier, you need to add QuickBooks Desktop Payroll a la carte. Meanwhile, when you upgrade to Enterprise, you can get Enhanced Payroll or Assisted Payroll for free, depending on your subscription.
What’s more, when you subscribe to Gold or Platinum, you can access Enhanced Payroll as part of your subscription. If you need assisted tax filing, you can upgrade to Diamond.
For companies with an unlimited budget, Enhanced and Assisted Payroll fees may not be an issue. However, for most businesses, bundling payroll with QuickBooks Enterprise can save them a lot on their overhead expenses.
Advanced Reporting
Another advantage of Enterprise is that it allows you to run customized reports, such as job costing, purchases by vendor, and sales by customer reports. You can create reports from predefined templates or design your own based on the exact requirements of your business.
Enterprise even offers enhanced reporting features, such as the ability to apply custom filters to refine reports, compare data across different time periods, and create interactive dashboards. This makes the edition ideal for businesses that heavily rely on data analysis for decision-making.
Unlimited Customer Support (Priority Circle)
When you purchase Enterprise, you automatically become a Priority Circle member, allowing you access to premium support from the QuickBooks team. This means that your support inquiries are given higher priority and are addressed more promptly than non-Priority Circle users.
Enterprise subscribers are also assigned a dedicated customer success manager who serves as their primary point of contact for any support needs. You will even receive $3,000 worth of QuickBooks Online training courses and webinars that you and your team can take at your own pace.
How I Evaluated QuickBooks Premier vs Enterprise
Frequently Asked Questions (FAQs)
When will QuickBooks Premier be phased out?
Intuit has already announced that Premier is phased out but support will remain to existing users, depending on their plan. There are no announcements from Intuit about fully discontinuing support to Premier. However, it encourages customers to shift to QuickBooks Online or QuickBooks Enterprise.
When should I choose QuickBooks Premier over Enterprise?
Premier might be preferable if you have basic inventory management needs and only need to add up to five accounting users to access and work on your accounting tasks.
When is QuickBooks Enterprise better than Premier?
QuickBooks Enterprise is better for larger businesses with complex inventory and those dealing with complex pricing structures, such as custom manufacturing companies and consulting firms.
Can I upgrade from QuickBooks Premier to Enterprise?
Yes, you can upgrade from Premier to Enterprise anytime. Once Enterprise is installed on your computer, open the software and follow the prompts to convert your company data from Premier to Enterprise.
What kind of support options are available for QuickBooks Premier and Enterprise?
Intuit provides customer support through various channels, including phone, chat, and online resources. Enterprise users have access to Priority Circle, a program offering priority support and additional services.
Can I take QuickBooks Premier and Enterprise to the cloud?
Yes, you can take Premier and Enterprise to the cloud through a service called QuickBooks hosting. It allows you to access and use your software from any internet-enabled device. In case you are interested, we compared the best QuickBooks hosting providers.
Can QuickBooks Premier and Enterprise be used on Mac computers?
Yes, and the Mac version offers the same core features and functionality as the Windows counterpart.
Bottom Line
Whether QuickBooks Premier or Enterprise is better depends on the unique needs and size of your business. If you are an SMB with standard accounting needs, Premier might be enough. For larger and more complex businesses requiring advanced inventory management, robust reporting, and scalability, you should consider upgrading to Enterprise.
