QuickBooks: Premier 2006 includes all the features of Basic and Pro 2005 along with business planning tools to help you meet more specialized needs. Premier editions are available in industry-specific versions. The cost is $399.95 for 1 user (today it is on sale for $299.95) and $1,399.95 for up to 5 users (as of the date of this writing).
This package offers specialized tools for tracking inventory assemblies, creating purchase orders, and setting multiple price levels. It allows you to track your raw materials and finished goods. You can list each component or material as an inventory item. Each time you log a sale or complete a work order, QuickBooks deducts materials as it increases finished goods. You can also set alerts to remind you when to produce more assemblies and when to reorder materials.
One nice feature is the ability to turn your estimates or sales orders into purchase orders. You may set up to 100 levels of pricing discounts and link them to your customers.
QuickBooks: Premier will help you to create a professional business plan. You simply answer step-by-step questions, and then QuickBooks fills in the numbers based on your actual accounting data. You can then export the projections into Excel. You can also create a forecast of income and expenses for the coming year or create a working budget based on your recent spending history. It is shown in a spreadsheet-style format making it easy to see the results of your changes.
In my opinion, for businesses that do not need to track inventory, I would say that this program is probably more than is needed and QuickBooks: Pro would be sufficient. Exceptions would be the industry specific Premier editions. Industry specific versions include accountants, contractors, manufacturers, nonprofits, professional services, retailers and wholesales/distributors. We will discuss these in detail at a later date.
To see a more in-depth overview of QuickBooks: Premier, go to http://quickbooks.intuit.com/product/accounting_software/premier_edition_financial_planning_tools.jhtml
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