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Benefits of QuickBooks Enterprise

Started Mar-24 by Willjoe2442; 16 views.

From: Willjoe2442


QuickBooks Enterprise uses a powerful, industry-standard SQL database to support your business and its growth. The database is a relational database that uses client-server technology in multi-user mode to coordinate and manage access to the company file. You don't have to worry about complex database installation and access, and you don't need to know SQL to use it.

Bills of Materials (BOM)
In the system, you are able to create Bills of Materials (BOMs) or kits, which will track the inventory items needed to build completed goods. The system will also track all costs associated with these items so you can charge the most appropriate price for each product. The system allows you to include both material and non-material costs (labor/overhead) allowing you to further hone your pricing skills. As you build finished goods, Enterprise Solutions automatically deducts component items from your inventory and alerts you when it's time to re-order, or when there aren't enough components for an assembly.

Fixed Asset Tracking
Fixed Asset tracking is fully integrated into QuickBooks Enterprise Solutions, so you can manage your fixed assets, such as equipment, trucks, cash registers, and computers, from cradle to grave. The system allows you can enter fixed assets, calculate depreciation, record asset purchases and sales, and print reports. You can also compute depreciation for up to six asset bases, including federal, state, book, and AMT.

General Ledger
General Ledger in QuickBooks Enterprise will construct a complete and accurate audit trail for your company. This log of all transactions gives you the ability to: produce reports, process sales, track purchases/inventory, and process both payables and receivables.

The always-on audit trail will vastly reduce the amount of time you spend investigating changes to your Enterprise files. This will help you protect against employee fraud while simultaneously detecting any errors in employee entry of data.

Inventory Tracking
The Inventory capabilities of QuickBooks Enterprise will give you all the tools you need to properly track your products from purchase to sale. The inventory stock status report will tell you exactly what inventory needs to be reordered. The system allows you to see the quantities on hand, on the sales orders, and on a purchase order for each item. You are able to set reorder points which will automatically alert you when new inventory items need to be purchased. The ability to track the manufacturer's part numbers allows you to avoid errors in ordering while cutting out the wasted time spent looking up correct product numbers.

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