QuickBooks Premier to QuickBooks Enterprise Conversion Manual

Do you have a business which you wish to advance, regarding the accounting department and its functionality? QuickBooks Premier may have been of great help to you in the past but for the growth of your business, there are things that you may need that QuickBooks Premier cannot offer. It is here where moving to Enterprise version of QuickBooks can be quite beneficial when it comes to management.

QuickBooks Enterprise is a more powerful version of QuickBooks with more features including real time inventory for the large business with multiple locations, more reporting features and up to 40 users at one time. Here is a step-by-step guide to help you migrate from QuickBooks Premier to QuickBooks Enterprise, the features, pros and cons, and potential issues to expect.

QuickBooks Enterprise vs QuickBooks Premier

QuickBooks Premier offers good accounting features for businesses in the small and medium-sized ranges. But it has some flaws concerning the number of users, options for creating detailed reports, and inventory tools. On the other hand, QuickBooks Enterprise has more features that are useful for mid to big size companies such as better inventory control, more choices in format and layout in reporting, and the capability to accommodate more users at once.

Picking the Correct QuickBooks Enterprise Version

QuickBooks Enterprise comes in three distinct versions: The three classes are the Gold, Platinum, and Diamond. This version is differentiated by its very healthy list of features, such as the Salesforce CRM Connector and QuickBooks Time Elite capabilities. For companies migrating from QuickBooks Premier it is quite common to select a Diamond version because it has a wide range of tools developed for fast-growing companies.

Conversion from QuickBooks Premier to QuickBooks Enterprise

There comes a time when a company discovers that the available options in QuickBooks Premier are limited and the need to boost accounting capacity arises, then QuickBooks Enterprise is the next step. It encompasses special procedures in its execution and decisive factors pertinent to all basic aspects of change.

Before Conversion – Checklist

Before initiating the conversion process, it’s crucial to prioritize certain preparations and considerations:

– QuickBooks Integrations: After the conversion, consider options such as integration including Payroll and Time Tracking for business processes.

– System Requirements: Make sure that your system is having browser version, Operating system, Processor, Memory, and Storage to support the conversion procedure adequately.

– Backup Your Data: Please make sure you have a back up of your company file before you convert it to QuickBooks Enterprise.

The Conversion Process

Moving from QuickBooks Premier to QuickBooks Enterprise involves multiple steps to ensure a smooth transition:

Export your company file from QuickBooks Premier to make your important business records safe.
You need to allow your company file to integrate with QuickBooks Desktop Enterprise within the application.
It set permission lists and gives the flexibility to customize the user permission so that there can be more numbers of users at the same time as well as more number of lists can be managed.

it is necessary to define what can be converted and what cannot be converted.

It’s essential to be aware of what data can be seamlessly transferred to QuickBooks Enterprise and what limitations may arise during the conversion process:

What can be converted:

– Customers & Exchanges
– Vendors & All Transactions
– Inventory Details
– Account Lists
– Employee Lists
– This is the balance of the general ledger account of the company’s payroll.
– And more. . .

What cannot be converted:

– In elaborating on the concept of Sales and Purchase Orders one has to have in mind that these are official documents that dictate the business between the buyer and the seller of a particular good or service.
– Budgets
– Bank Reconciliation
– Invoice Templates
– Deleted/Void Transactions
– And more. . .

Common Errors and Challenges

Some of the problems one is likely to face while carrying out data conversion among others include file size restrictions, compatibility of the programs as well as differences in the converted data. This will help classify them so that one can prepare to counter check these hurdles hence making the transition smoother.

Conclusion

When it comes to the features, QuickBooks Premier has basic features, ease of use, and ease of navigations, while QuickBooks Enterprise has multiplies features advanced features flexibility and support for multiple users. However, the rationale of moving from QuickBooks Premier to QuickBooks Enterprise is mainly determined by one’s business.

As a result, there is a value in migrating to QuickBooks Enterprise because it opens up additional functionalities, greater usability for more users, and complicated reporting, among others, which are very useful in the long-run.