QuickBooks Enterprise Suite is a cloud-based, AI-powered business management platform designed for growing mid-market businesses with complex operational needs, particularly in service-based industries like construction, franchises with multiple locations, and project-based businesses. Launched on September 17, 2024, it integrates financial management, payroll, HR, marketing, and cash flow tools into a single solution, aiming to streamline operations, automate workflows, and provide real-time insights for better decision-making. Unlike QuickBooks Desktop Enterprise, which is primarily a desktop-based accounting software, IES offers broader functionality and cloud accessibility.
Key Features
Financial Management and Accounting:
- Retains core QuickBooks functionalities, including robust accounting, invoicing, expense tracking, and cash flow management.
- Supports multi-entity management, allowing businesses with multiple QuickBooks accounts to consolidate data into one IES account without manual data migration for QuickBooks Online Advanced users.
- Offers over 200 customizable reports, including 70 industry-specific reports for sectors like manufacturing, retail, and professional services.
- Automates budget and forecast workflows, using AI to predict trends based on up to five years of financial data and provide actionable insights.
Payroll and HR Tools:
- Integrated payroll with time tracking, tax compliance, and direct deposit options, reducing inefficiencies by connecting payroll, time, and accounting data.
- HR tools streamline employee onboarding, team information management, and compliance with labor laws, supported by HR advisors.
- Offers competitive health and 401(k) plans through partners like Allstate to attract and retain employees.
Project Management:
- Advanced project profitability monitoring with real-time insights, including labor cost calculations, budget vs. actuals, and cost-to-complete reports.
- Features customizable project workflows, change order management, task management, and AI-generated 360-degree project insights to flag off-target projects and suggest corrective actions.
Marketing and Customer Engagement:
- Includes integrated marketing automation tools to enhance customer engagement and drive business growth.
- Supports third-party app integrations (e.g., Shopify, Salesforce) to maintain existing workflows and improve efficiency.
Target Audience
QuickBooks Enterprise Suite is tailored for businesses experiencing operational complexity, such as:
- Multi-entity businesses or franchises with multiple locations (not recommended for franchisors managing franchisees).
- Project-based or service-based industries (e.g., construction, professional services) needing advanced project management and profitability tracking.
- Growing businesses managing multiple software programs (averaging 10, per a 2024 Intuit survey), seeking integration and automation to reduce manual tasks.