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.
I have several years of experience in accounting software evaluation and providing small businesses with reliable, expert insights.
Leveraging my accounting and bookkeeping expertise, I rigorously assess software using our internal case study that objectively scores key features while upholding editorial independence.
My commitment is to deliver accurate, clear, and authoritative answers in line with our Fit Small Business Editorial Policy.
QuickBooks Premier | QuickBooks Enterprise | |
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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 |
*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
Pros
- Enables faster data entry compared to cloud-based solutions
- Supports bookkeeping for multiple companies at no extra cost
- Features user-defined classes to manage multiple locations or product categories
- Has reports that can be printed using either cash or accrual accounting methods
Cons
- Offers powerful capabilities, but it takes time to fully master
- Supports a maximum of five users
- Offers an extremely limited mobile app
- Can’t consolidate financial statements across multiple entities
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.
Pros
- Is a robust QuickBooks Desktop solution with industry-specific editions
- Has advanced inventory tools like bin tracking and barcode scanning
- Consolidates financials across companies and manages fixed assets
- Features custom pricing rules for flexibility
- Offers VIP support through Priority Circle
- Scales for up to 40 users
- Integrates with third-party apps
Cons
- Requires installation, setup, and regular updates
- Offers cloud access, but that incurs extra hosting fees
- Comes with a high cost and complexity, making it unsuitable for very small businesses
- Lacks native support for multi-device real-time collaboration
- Has a steeper learning curve for new users compared with simpler alternatives
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 | |
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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
Cloud Version
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 | |
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 |
Our QuickBooks Enterprise review compares the edition’s differences in terms of pricing and features.
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.
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.
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.
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.
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.
Our related resource: What Is Fixed Asset Accounting
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.
Our related resource: QuickBooks Desktop Payroll: Enhanced vs Assisted
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.
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
I evaluated QuickBooks Enterprise using the Fit Small Business accounting software case study, which focuses on the following key categories:
5% of Overall Score
We first determined a pricing score by assessing the software’s price for one, three, and five users. We also considered whether there was a free trial, monthly pricing, and a discount for new customers. After determining the pricing score, we assigned a value score based on the pricing score and the solution’s total score across all categories except Value.
5% of Overall Score
We evaluated general features like the flexibility of the chart of accounts, the ability to add and restrict the rights of users, and how your information can be shared with an external bookkeeper. We also searched for ways to provide more granular information like class and location tracking and custom tags.
10% of Overall Score
This assessed the ability to print checks, establish live bank feeds, and import bank transactions from a file. We also looked closely at the bank reconciliation feature. We wanted to see the ability to reconcile bank accounts with or without imported bank transactions and a list of book transactions that have not yet cleared the bank.
10% of Overall Score
In addition to the basics of issuing invoices and collecting customer payments, we evaluated the software’s ability to create customized invoices. We also assessed whether it could handle non-routine transactions like short payments, credit memos, and the refund of credit balances in customer accounts.
10% of Overall Score
The A/P score consisted of the basics like tracking unpaid bills, recording vendor credits, and short-paying invoices, but it also included some more advanced features—such as paying bills electronically, creating recurring expenses, and working with purchase orders. Receipt capture and the ability to automatically generate bills from captured receipts were also part of our A/P evaluation.
10% of Overall Score
10% of Overall Score
At the very least, we looked for software that could create multiple projects and separately assign income and expenses to those projects. We also searched for the ability to create estimates and assign those estimates to projects. Ideally, the program would then compare the actual expenses to the costs on the original estimate.
5% of Overall Score
Software should be able to track sales tax for multiple jurisdictions with varying tax rates. It’s helpful to have a function to easily record the remittance of the sales tax by jurisdiction. The very best tool will also help determine which jurisdictions sales are taxable to based on the address of the customer or delivery.
10% of Overall Score
I evaluated basic financial reports (such as a balance sheet, income statement, and general ledger) and common management reports (like A/R and A/P aging).
5% of Overall Score
Ideally, a mobile app should have all the same features as the computer platform, including the ability to capture receipts, send invoices, receive payments, enter and pay bills, and view reports.
5% of Overall Score
While it’s nice to have as many integrations as possible, we focused our evaluation on the four integrations we believe are most critical for small businesses: payroll, online payment collection, sales tax filing, and time tracking.
10% of Overall Score
The largest component of usability is the ability to find bookkeeping assistance when users have questions. This could be in the form of a bookkeeping service directly from the software provider or from independent bookkeepers familiar with the program. Other components of usability include customer service and ease of use.
5% of Overall Score
Our user review score is the average user review score reported by Capterra and G2. Other review sites might be used if a score from Capterra or G2 is unavailable.
Frequently Asked Questions (FAQs)
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.
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.
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.
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.
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.
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.
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.