Need help in Quickbooks version selection
I represent a church faced with EOL on a fully integrated membership, accounting, and payroll system. We are leaning towards a separate membership solution, outsourcing Payroll, and QuickBooks for nonprofit accounting, bill payment, and reporting. i.e. no inventory, no payroll, no invoicing, no receivables, just bill payment, banks, and basic fund accounting/reporting.
Planning a server based installation with 2 workstations – one primary (99% of work) and one to assisted with report generation. QB Premier non profit seems like a workable solution and is price wise very favorable, but there is thinking that we need the QB statement writer functionality which only comes in QB Accountant which is pricey.
Appears Premier would be a one time purchase (upgrading every 3 years) and accountant seems to be expensive with annual license renewal.
I gather from your version comparisons that you would NOT recommend Accountant., Correct?
What are the upsides with accountant and statement writer and the opposite for Premier? i.e. just what is the complexity of reporting with Premier.
Great question on how to choose between QuickBooks Premier and QuickBooks Accountant. First, I must set the record straight by saying that I DO recommend the accountant version of QuickBooks if you have a need for it. In general, most businesses will never use all of the accountant tools (like Statement Writer) which is why I recommend they go with Pro, Premier or Enterprise. However, in your particular case I think it makes sense to consider the Accountant version of QuickBooks because you can benefit from using the Income Statement Writer which is not available in Premier.
With that said, the Income Statement Writer allows you to build custom reports from scratch! It has an integrated Microsoft Excel component that allows you to do this. While the reports included in QuickBooks Premier are great, the Income Statement Writer takes it to the next level by allowing you 100% customization plus you can create professional looking financial statement packages that meet the standards of a Board of Directors and other stakeholders. While the cost for Accountant is an annual $349, you can sign up for a monthly subscription instead of paying for the entire year upfront. The good news is, you can cancel your subscription at anytime if you change your mind. Sign up using this link to earn a discount just for being a Fit Small Business reader!
Best of luck,
Crystalynn Shelton, CPA