QuickBooks Premier 2023: A Comprehensive Review
If you are looking for a desktop-based accounting software that can handle your business's specific needs, you might want to consider QuickBooks Premier 2023. This software is designed to help you manage your finances, track your inventory, generate reports, and more. In this article, we will review the features, benefits, pricing, system requirements, and download process of QuickBooks Premier 2023.
What is QuickBooks Premier 2023?
QuickBooks Premier 2023 is the latest version of the popular accounting software from Intuit. It is a desktop-based solution that can be installed on up to five computers. It offers industry-specific features for contractors, manufacturing and wholesale, nonprofit, professional services, and retail businesses. It also comes with a one-year subscription that includes unlimited support, data backups, and access to the QuickBooks Desktop mobile app.
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Features and benefits of QuickBooks Premier 2023
QuickBooks Premier 2023 has several features that can help you streamline your accounting tasks and improve your business performance. Here are some of the main features and benefits of this software:
Online bill payment
You can schedule and pay your vendor bills online within QuickBooks. You can choose from various payment methods, such as credit card, bank transfer, or check. You can also automate your bill entries by uploading them via the Desktop mobile app. This feature can save you time and money, as well as reduce errors and late fees.
Enhanced computing power
QuickBooks Premier 2023 runs on a 64-bit processor, which means it can handle larger data sets and faster calculations. This can improve your productivity and performance, especially if you have a lot of transactions or inventory items. You can also monitor your cash flow in a single dashboard, which gives you a clear picture of your financial situation.
Industry-specific reports
QuickBooks Premier 2023 offers more than 150 reports that are tailored to your industry. You can customize these reports to suit your preferences and needs. For example, contractors can create a jobs-by-vendor report that shows what they owe for materials, while nonprofits can create end-of-year donation statements. These reports can help you make informed decisions and comply with industry standards.
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Customizable inventory reports
If you deal with inventory, you will appreciate the new customizable inventory reports in QuickBooks Premier 2023. You can add columns, filters, and sorting options to these reports to get the information you need. You can also track up to 14,500 inventory items and set reorder points to avoid stockouts.
Automatic payment reminders
Getting paid on time is crucial for any business. With QuickBooks Premier 2023, you can set up automatic payment reminders for your customers based on their invoice due dates. You can also consolidate multiple invoices into one email to reduce spam and confusion. These features can help you expedite collections and improve your cash flow.
Personalized payment receipts
When you receive a payment from a customer, you can send them a personalized receipt that reflects your brand image. You can add logos and custom formatting to your receipts to make them look more professional. You can also choose from multiple email contacts when sending receipts to your customers.
Rule-based customer groups
You can segment your customers into groups based on fields like customer type, location, or balance. This can help you communicate better with your customers and offer them special offers or discounts. You can also create automated email campaigns for these groups to increase customer loyalty and retention.
Pricing and plans of QuickBooks Premier 2023
QuickBooks Premier 2023 offers two plans for different business needs. Here is a comparison of the features and prices of these plans:
Plan
Features
Price
QuickBooks Desktop Premier Plus
- Includes all the features of QuickBooks Premier 2023- Includes unlimited support, data backups, and software updates- Includes access to the QuickBooks Desktop mobile app- Allows up to five users
$499.99/year or $49.99/month
QuickBooks Desktop Enterprise
- Includes all the features of QuickBooks Desktop Premier Plus- Includes advanced inventory and pricing tools- Includes enhanced security and user permissions- Allows up to 40 users
$1,213/year or $121.30/month
You can also add payroll services to either plan for an additional fee. You can choose from three payroll options: Basic, Enhanced, or Assisted. The Basic option costs $29/month plus $2/employee/month and allows you to pay your employees with checks or direct deposit. The Enhanced option costs $45/month plus $2/employee/month and adds tax forms, e-filing, and e-payment features. The Assisted option costs $109/month plus $2/employee/month and adds full-service payroll processing, tax filing, and penalty protection.
System requirements and compatibility of QuickBooks Premier 2023
To run QuickBooks Premier 2023 smoothly, you need to meet the following system requirements:
Windows 10, Windows 8.1 (update 1), or Windows Server 2019, 2016, or 2012 R2 (64-bit)
2.4 GHz processor (minimum), 2.8 GHz processor (recommended)
4 GB RAM (minimum), 8 GB RAM (recommended)
2.5 GB disk space (additional space required for data files)
4x DVD-ROM drive (unless user is downloading from Intuit server)
Internet access for online features and updates
Product registration required
Optimized for 1280x1024 screen resolution or higher
Supports one workstation monitor, plus up to two extended monitors
Compatible with Microsoft Office 2016-2019 or Microsoft 365 (32- and 64-bit)
Integration with other software may require additional hardware configuration
You can also use QuickBooks Premier 2023 on a Mac computer by using a virtual machine software such as Parallels Desktop or VMware Fusion. However, you may experience some limitations or compatibility issues with some features.
How to download and install QuickBooks Premier 2023
To download and install QuickBooks Premier 2023, you need to follow these steps:
Purchase the software from the official website or a trusted retailer.
Download the installation file from the link provided in your confirmation email or from your Intuit account.
Double-click the file to start the installation process.
Select Yes to All if prompted to overwrite the existing extracted files.
Select Next to begin the installation.
Read and accept the Software License Agreement.
Select Next.
Enter your License and Product numbers in the fields provided.
Select Next.
Select Express and then Next. (You can also choose Custom and Network Options if you want to change the default installation settings.)
Select Install to continue.
Select Open QuickBooks to get started.
Activate your software by following the on-screen instructions.
Conclusion
QuickBooks Premier 2023 is a powerful accounting software that can help you manage your business finances with ease. It offers industry-specific features, online bill payment, enhanced computing power, customizable reports, automatic payment reminders, personalized payment receipts, rule-based customer groups, and more. It also comes with a one-year subscription that includes unlimited support, data backups, and access to the QuickBooks Desktop mobile app. You can choose from two plans: QuickBooks Desktop Premier Plus or QuickBooks Desktop Enterprise, depending on your business size and needs. You can also add payroll services for an extra fee. To use this software, you need to meet the system requirements and download the software from the official website or a trusted retailer. QuickBooks Premier 2023 is a great choice for any business that wants to take their accounting to the next level.
FAQs
Here are some of the frequently asked questions about QuickBooks Premier 2023:
What is the difference between QuickBooks Premier and QuickBooks Pro?
QuickBooks Premier and QuickBooks Pro are both desktop-based accounting software from Intuit. However, QuickBooks Premier offers more features and functionality than QuickBooks Pro, such as industry-specific tools, online bill payment, customizable inventory reports, and rule-based customer groups. QuickBooks Premier also costs more than QuickBooks Pro.
Can I upgrade from QuickBooks Pro to QuickBooks Premier?
Yes, you can upgrade from QuickBooks Pro to QuickBooks Premier without losing your data or settings. You just need to purchase the software and install it on your computer. You can also transfer your existing license and product numbers to the new software.
Can I use QuickBooks Premier 2023 on multiple computers?
Yes, you can use QuickBooks Premier 2023 on up to five computers. However, you need to purchase a multi-user license for each computer that you want to use the software on. You can also share your data file with other users on your network by setting up a host computer and enabling multi-user mode.
How can I get support for QuickBooks Premier 2023?
If you have any questions or issues with QuickBooks Premier 2023, you can contact the Intuit customer support team by phone, chat, or email. You can also visit the Intuit website or the QuickBooks community forum for helpful resources and tips. Additionally, you can access the in-product help menu or the user guide for more information.
Is QuickBooks Premier 2023 compatible with other software?
QuickBooks Premier 2023 is compatible with various software and applications that can enhance your accounting experience. For example, you can integrate QuickBooks with Microsoft Office, Gmail, Outlook, PayPal, Shopify, Square, and more. You can also use third-party apps from the QuickBooks app store to add more features and functionality to your software.
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