QuickBooks Enterprise Pricing and Cost Analysis
Are you overwhelmed with the pricing plans of QuickBooks Enterprise? Let us guide you through the cost analysis to help you select the perfect subscription plan.
QB Help Hub is fully dedicated to help you regarding challenges over QuickBooks Enterprise. In this regard, we often receive queries from clients regarding the cost analysis of the application for choosing an appropriate plan. So, we have created this dedicated guide where we will discuss three different plans of QuickBooks Enterprise and we will do a detailed cost analysis to check if it is worth your hard-earned investment and time.
QuickBooks Enterprise Pricing Models
QuickBooks Enterprise comes with three pricing models: Gold, Platinum, and Diamond. Gold is the most basic plan whereas Diamond is the highest plan with advanced features. However, QuickBooks allows custom pricing for each of these pricing models as well. Let;s understand them in detail.
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We understand not every company’s need can fit into the bracket of these three pricing plans offered by QuickBooks Enterprise. Even for the same reason, QuickBooks is allowing rooms for customization for each plan. However, the degree of customization is not easy to acknowledge from their official website. That’s where we can help you. Our experts can guide you with selecting the right plan and asking for the right customization as per your company needs.
Our Plans
Gold Plan
The Gold plan offers basic functionalities, business insights, and payroll assistance. You can add up to 30 users and protect sensitive information with custom user permission. The payroll function allows you to pay employees by cheques or direct deposits. The Basic plan also includes automatic online data backup and advanced reporting features. If you want to run your QuickBooks from cloud servers, there will be extra charge as per the space used.
Platinum Plan
The Platinum plan covers all features of the Gold plan and additionally offers some more benefits. For instance, you can manage multiple companies from a single QuickBooks account. Automate your inventory to track your stock, orders, and location of your items with ease. The Platinum plan also unlocks features to customize bill and automate purchase order workflow approvals.
Diamond Plan
The Diamond plan is the costliest one as it offers maximum functionality and automation. It covers all features of the Platinum plan, and thereby the Gold plan by default. Additionally, you get QuickBooks Time Elite that allows you to track employee time from anywhere but at an additional cost of $5/employee per month. With the Diamond plan, you can also integrate Salesforce with QuickBooks to reduce duplicate data entry and serve customers better.
Cost Analysis - Is QuickBooks Enterprise Worth it?
As we have already discussed, QuickBooks Enterprise comes with three different pricing plans: Gold, Platinum, and Diamond. QuickBooks have tried to target businesses with different needs and budgets with these three plans. However, to know the exact price of a chosen plan as per your custom needs, you need to contact Intuit for a custom quote. This could be a little overwhelming for new users. In this regard, here is a quick cost analysis of QuickBooks Enterprise to help you make a swift decision.
Factors to consider for customization:
- Number of users: Gold and Platinum plans allow you to add up to 30 users while Diamond plan allows maximum 40 users. However, it is important to understand that adding up to 10 users is free in every plan and extra charges will be applied per adding rest users, max up to 40.
- Payroll: Payroll is included in every QuickBooks Enterprise subscription. However, if you need assistance, the platform will charge $1 per month per employee.
- Cloud Access: If you have a remote team or want to be proactive about disaster recovery, you may consider taking flexible cloud hosting packages at an additional cost. To know the exact cost, you need to call their official number mentioned on the website.
- Advanced Inventory: All features of Advanced Inventory come at no extra cost in QuickBooks Enterprise Platinum and Diamond subscriptions. However, if you need the barcode scanners, you need to pay extra.
A comparative analysis of three plans conclude that small businesses (1-10 employees) with simple accounting needs like invoicing, expense tracking and payroll should go with the Gold plan. If the business requires more control over inventory and multiple company operations, the Platinum plan would be the ideal bet. Lastly, the feature-rich Diamond plan is best for large companies with a remote work setting who need employee time tracking, more automation, and CRM integration.