QBOA Vs QBES - Woodard

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QBOA vs QBESMaking the Right Decision for Your ClientsCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Education Coaching Community ResourcesJoe Woodard Published author McGraw Hill, Accounting Today, CPA Practice Advisor, AccountingWEB, The Journal ofAccountancy and Insightful Accountant. Career Trainer to over 125,000 accounting professionals 2012, 2014 – 2019 – Top 100 Most Influential People by Accounting TodayCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Mario NowogrodzkiJoe AliotaFounder & PrincipalSenior ConsultantCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Topics for Discussion: Joe Woodard's projections about Intuit's plans with QuickBooksEnterprise and QuickBooks Online Advanced. The unique and differentiated benefits of QuickBooks Online Advancedand QuickBooks Enterprise Business cases where QB Online Advanced or QuickBooks Enterprise isthe best option. Best practices for managing QB Enterprise in a Multi‐user EnvironmentCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Intuit’s Plans with QBOA and QBESCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

New or Improved Features of QBD – Past 4 Years1414VERSION 2019VERSION 2020117VERSION 2017VERSION 2018FeaturesCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Strength of QBO and QBD User BaseQBOQBD4.5 MillionSource: Intuit Investor Day – November 2019Copyright 2020 All Rights Reserved. Reproduction without permission is prohibited.4 Million*

QBD Projections Relative to QBOSource: Intuit Investor Day – November 2019Copyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Intuit’s “Big Bet” – Disrupt the Mid‐MarketSource: Intuit Investor Day – November 2019Copyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Intuit’s “Big Bet” – Disrupt the Mid‐MarketSource: Intuit Investor Day – November 2019Copyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

The Unique Benefits of QBO Advancedand QB EnterpriseWeighing the Pros and ConsCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Software‐As‐A‐Service vs. Desktop SoftwareQBOA SAAS Browser interfaceQBES Desktop On premise In the cloud usinghosted environment(shared or private)Copyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Number of Concurrent Users QBOA 25 full usersAdditional 3 accountant usersUnlimited report view‐only usersUnlimited timesheet‐only users QBES 1 license per user, up to 40 licensesCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Version Control QBOA (and QBO): All users are on the same version of the software with the same interface andthe same features, making it easier for you to support your clients* QBES: All users are not on the same version or same edition, providing the following pros andcons: Pro: You control when the client experiences a user interface or feature change, so you can prepare theclient for the changes and train in advance of the upgrade Pro: The upgrade process for QuickBooks Enterprise is a service opportunity for you, generating anongoing revenue stream with your clients. Inversely, the client should factor this additional cost into theuse of QB Enterprise. Con: Updates to Windows can impact the version of QuickBooks Enterprise your clients use, whereQBO/QBOA isn’t as sensitive to updates in browser solutions*Note: Intuit will sometimes roll out new features and changes to the user experiences in phases, providing a short‐term variance between the experience your clients have with QBO/QBOA.Copyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

User Access Permissions/Roles QBOA Limited roles Mostly all‐or‐nothing for each section QBES Much more granularity in roles Add/Edit/Delete/View/Print Today, neither has data‐level accesspermissionsCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Development of New Product Features Intuit is investing considerably moreattention to product development inQBOA than in QBES A year from now, QBOA will lookconsiderably different than it looks today Intuit continues to add new compellingproduct features to QBES every yearCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Add‐Ons Ecosystem Functionality in native QBES (withoutany add‐ons) is far superior thanfunctionality in native QBOA (withoutany add‐ons) QBOA has a much larger ecosystem of3rd‐party add‐ons than QBES Users of QBOA most likely will have tolearn and use additional softwareCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Custom Reporting Fathom included in QBOA (1 user); available inQBES at additional cost QBES has much more robust built‐in reportingthan QBOA Many integrated solutions work with bothQBOA and QBES like Jirav, More Reporting,Qvinci, Cash Flow Tool, etc. The best‐of‐breed add‐on for data warehousingand custom report building, QQube, is availablefor QBES but not for QBOACopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Service vs Product Businesses QBOA solution for service‐based businesses Very basic inventory in/out functionality No Sales Orders Use FIFO inventory costing QBES solution for service and product‐basedbusinesses Use Average Cost or FIFO inventory costingMulti‐inventory site trackingSerial Number / Lot Number trackingPick/Pack/Ship functionalityBarcode scanningLanded costsCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

What’s Under the Hood (Database) QBOA Theoretically QBOA can scale to manage muchlarger datasets than QB Enterprise. However,performance with large data sets is unknown andlargely untested QBES Easier to manage/maintain/troubleshootdatabase, but there are issues with larger databaseslike: Increased chances of data file corruption with largerdatabases* Performance Degradation*Note: There is a significantly higher risk of file corruption if your client uses aWi‐Fi connection to access their local area network through TCP/IP protocols.Make sure the client uses only Ethernet connections to access their local areanetwork.Copyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Backup QBOA Backup available through ChronoBooksadd‐on (now an Intuit company) Limited backup data set QBES Built‐in backup Full backup data set Unlimited number of backup setsCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Single Company Datafile vs Multiple Company Datafile Most mid‐market companies operateout of multiple entities QBOA 1 company data file persubscription QBES unlimited data files persoftware licenseCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

Pricing QBOA 150/month Almost every QBOA subscription will usesome add‐on software, resulting inadditional cost per subscription Example: LOCATE Inventory, 500/monthminimum QBES 120/month (1‐user Silver) to 824/month(30‐user Platinum) Additional cost for cloud hostingCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

QuestionsQBOA vs. QBES: Making the Right Decision for Your ClientsCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

QBOA vs QBESMaking the Right Decision for Your ClientsCopyright 2020 All Rights Reserved. Reproduction without permission is prohibited.

use of QB Enterprise. Con: Updates to Windows can impact the version of QuickBooks Enterprise your clients use, where QBO/QBOA isn’t as sensitive to updates in browser solutions *Note: Intuit will sometimes roll out new features and changes to the user experiences in phases, providing a short‐