Your business income relies on the sales and services you provide to your customers. But it won't run smoothly if you don't keep track of your finances. You must document and monitor customers, inventory, transactions, accounts payable and receivable, and so much more.
In light of the recent announcement that Intuit will no longer be supporting QB Pro, Premier, QB Enterprise Solutions 2011 beginning May 31, 2014, merchants who are currently using integrated payment processing will no longer be able to accept payments without an upgrade. Although sunsetting older versions of a product may make viable sense for Intuit from a sales, service and support perspective, it is not always the same case for the merchants who are currently using the product and experience an impact to their add-on payment services and no longer supported by Intuit for these versions.
While tax season this year is almost upon us this year it is a good idea to make sure to be prepared next year. According to the Guardian G20 nations are aiming to increase their overall growth at a rate of about two percentage points over the next five years. This tremendous rate of growth means that opportunities for businesses are going to be increasing in a big way.
Deciding which QB you need is a key to your business success. A little research can help you make an intelligent decision so you purchase what you need, but not more than you need. Here are some key questions to consider:
1. How many people will be using QB? If you are a small business with 3 or fewer people using the software, than consider Premier or Pro. But if you have more than 5 people who will use the software, then you need to consider the Enterprise version.
2. The size of your business needs for data will also determine which version is best for you. If you have large data files, then you need to consider the Enterprise version.