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Quickbooks Enterprise Capabilities
Key Features of QuickBooks Enterprise 2024
1. Advanced Reporting
- Over 200 built-in customizable reports
- Industry-specific templates (e.g., Manufacturing, Retail, Construction)
- Easily track and report on key metrics such as revenue, expenses, profitability, and more
- Custom report builder to create specific reports based on business needs
2. Advanced Inventory
- Barcode Scanning: Streamline inventory management with barcode scanning for tracking items.
- Multi-location Inventory: Track inventory across multiple warehouses or locations.
- Bin Location Tracking: Assign and track items by bins within your warehouse for more efficient stock management.
- FIFO Inventory Costing: Use First-In-First-Out (FIFO) costing for more accurate cost tracking.
- Lot and Serial Number Tracking: Track specific lot and serial numbers for more accurate inventory tracking.
3. Advanced Pricing
- Create custom pricing rules and automate pricing based on customer, quantity, item, or date ranges.
- Support for volume-based discounts, special pricing for customer groups, and date-specific promotions.
- Price Overrides: Set pricing flexibility with rule exceptions when needed.
4. Job Costing & Project Management
- Track expenses by job or project, including materials, labor, and overhead costs.
- Create estimates and track progress, allowing for change orders.
- Generate job costing reports to assess project profitability.
- Integration with QuickBooks Time for tracking employee hours by job or task.
5. Advanced User Permissions
- Control access for up to 40 simultaneous users.
- More than 115 user roles to assign specific permissions, allowing fine-tuned control over who can view or edit different aspects of the system (e.g., sensitive payroll or financial data).
6. Sales Order Fulfillment
- Real-time visibility into your order status from picking to shipping.
- Automatically prioritize and fulfill orders based on stock availability and delivery dates.
- Integrates with mobile devices for real-time updates on the shop floor or warehouse.
7. Expanded Data Capacity
- Handles over 1 million list items (customers, vendors, inventory items, etc.).
- Scalable for large companies with extensive data or transactional needs.
8. Custom Workflows
- Create and automate workflows to improve efficiency (e.g., approval processes for estimates or purchase orders).
- Send automated reminders and notifications based on custom triggers (e.g., unpaid invoices or stock shortages).
9. Consolidated Reporting
- Consolidate multiple company files into a single report to track financials across different entities.
- Multi-currency support for businesses operating internationally.
10. Built-in CRM Functionality
- Basic customer relationship management (CRM) tools for tracking leads, managing customer details, and linking activities like quotes, orders, and invoices.
11. Advanced Security
- Automatic Data Backups: Schedule backups and store them securely to prevent data loss.
- Audit Trail: Keep track of changes made to your books for improved security and transparency.
- Enhanced password security and multi-factor authentication for added protection.
12. Cloud Hosting Option
- QuickBooks Enterprise 2024 can be hosted in the cloud through third-party providers, allowing remote access with full desktop functionality.
13. Support and Updates
- Priority Circle support: Get faster access to customer service and personalized training.
- Automatic product updates are included with QuickBooks Enterprise Platinum or Diamond subscriptions.
Industry-Specific Features
- Manufacturing & Wholesale: Bill of materials (BOM), assembly tracking, advanced inventory, and sales order management.
- Construction: Job costing, progress invoicing, time tracking, and subcontractor management.
- Nonprofit: Track donations, grants, and programs while generating reports for board meetings.
- Retail: Point-of-sale (POS) integration, sales tracking, and detailed customer reports.
- Professional Services: Project profitability tracking, client billing, and time tracking.