QuickBooks Enterprise Platinum: A Comprehensive Solution for Your Business

Introduction to QuickBooks Enterprise Platinum

QuickBooks Enterprise Platinum is a comprehensive accounting and financial management software designed for small businesses. It is the mid-range edition of QuickBooks Desktop Enterprise, offering all the features included in the Gold edition, in addition to advanced inventory and advanced pricing. The software is rated #1 and is the best-selling small business software, offering a variety of features to help businesses grow.

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Features of QuickBooks Enterprise Platinum Edition

Advanced Inventory Management

QuickBooks Enterprise Platinum offers enhanced inventory management for businesses with multiple inventory locations. This feature allows businesses to track inventory parts by bin, lot, or serial number, calculate inventory cost using the first-in, first-out (FIFO) method, scan bar codes, generate orders to move inventory from one location to another, and more. This advanced inventory management feature is particularly useful for wholesalers, distributors, and most small product-based business owners.

Advanced Pricing

With QuickBooks Enterprise Platinum, businesses can create personalized pricing to improve overall business productivity. The software allows businesses to automatically adjust the prices of every product they sell based on the price rules they create. This feature allows businesses to be more detailed in terms of their pricing, offering flexibility in their pricing structure.

Enhanced Payroll

QuickBooks Enterprise Platinum includes Enhanced Payroll, which is great for business owners who file tax payments by themselves. This feature allows businesses to pay their employees or contractors by check or direct deposit. QuickBooks automatically calculates employees’ applicable earnings, deductions, and tax payments. It also provides tools to electronically pay and file tax returns, track employee benefits, paid time offs, and insurance details.

Accounts Payable Workflow Approval

This new feature in QuickBooks Enterprise Platinum 2023 helps businesses set up a customized approval process for receiving bill payments from vendors or suppliers. This feature improves transparency and helps businesses manage their cash flow better.

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QuickBooks Enterprise Platinum 2023: What's New?

The 2023 edition of QuickBooks Enterprise Platinum comes with enhanced computing power (64-bit), allowing businesses to accomplish all their accounting tasks faster. It also includes features like the ability to pay vendor bills online, upload bills, attach documents to transactions, customize and email bill payment stubs, and choose from multiple email contacts. These features make QuickBooks Enterprise Platinum 2023 a more efficient and user-friendly software for businesses.

QuickBooks Desktop Enterprise Platinum: Who Should Use It?

QuickBooks Desktop Enterprise Platinum is ideal for large enterprises dealing with advanced inventory management and those who are looking for flexibility in their pricing structure. However, it may not be the best choice for enterprises with a large employee workforce, especially those who don’t have in-house tax professionals to file tax payments for them. In such cases, upgrading to QuickBooks Desktop Enterprise Diamond might be an option.

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FAQs

What does QuickBooks Platinum include?

QuickBooks Platinum includes all the features of QuickBooks Premier, plus additional tools like advanced inventory and advanced pricing. It also includes Enhanced Payroll, which is great for business owners who file tax payments by themselves.

Is QuickBooks Enterprise being discontinued?

As of the latest information available, QuickBooks Enterprise is not being discontinued. It continues to be a popular choice among businesses for its comprehensive features and user-friendly interface.

What is the difference between QuickBooks Premier Pro and Enterprise?

QuickBooks Premier Pro is a software designed for small to medium-sized businesses with basic accounting needs. On the other hand, QuickBooks Enterprise is a more advanced software designed for larger businesses with more complex accounting needs. It offers additional features like advanced inventory and advanced pricing, which are not available in QuickBooks Premier Pro.

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Conclusion

In conclusion, QuickBooks Enterprise Platinum is a comprehensive solution for businesses dealing with complex inventorymanagement and pricing structures. Its advanced features and user-friendly interface make it a popular choice among businesses. Whether you are a small business with five users or a large enterprise with up to 40 users, QuickBooks Enterprise Platinum can help automate your inventory management tasks, improve your pricing structure, and streamline the way you receive bills from your vendors and suppliers.

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