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25 Mar Let’s Look at Intuit’s New Offering – Intuit Enterprise Suite and how it compares to QuickBooks Online Advanced

Posted at 19:54h in Blog by

Intuit has introduced a powerful new solution—Intuit Enterprise Suite—designed for businesses that need more than QuickBooks Online Advanced but don’t want the complexity of a full ERP system. This cloud-based suite offers enterprise-level functionality while maintaining the flexibility and ease of use that Intuit products are known for. But how does it compare to QuickBooks Online Advanced?

Key Differences Between Intuit Enterprise Suite and QuickBooks Online Advanced

1. Cloud Accessibility & Scalability

  • Intuit Enterprise Suite: Fully cloud-based with enterprise-grade security and scalability for businesses with complex needs.
  • QuickBooks Online Advanced: Cloud-based but primarily optimized for mid-sized businesses without extensive multi-entity or automation needs.

 

2. Multi-Entity Financial Management

  • Intuit Enterprise Suite: Seamlessly manages multiple business entities within a single platform, allowing for consolidated reporting and financial oversight. It also enables intercompany transactions, ensuring that when one entity transacts with another, both records update simultaneously.
    • Multi-entity accounting is a powerful new feature in Intuit Enterprise Suite, designed specifically for organizations with multiple legal entities. Multi-entity accounting lets finance teams manage the complex needs of their many companies in a single, user-friendly platform.
    • Intercompany journal entries (ICJE)streamline the recording of debits and credits between entities.
    • Automatic eliminations remove the effects of intercompany transactions, avoiding double-counting and ensuring compliance.
    • Consolidated multi-entity financial reporting provides a comprehensive view of all entities through Spreadsheet Sync.
    • The multi-entity dashboard offers a centralized view of all companies within the group, including key performance indicators (KPIs), entity management, and access points to all multi-entity-related features.

 

 

 

 

 

As Noted Above, a new column for Entity is added so one journal entry can apply against multiple Entities!

    • QuickBooks Online Advanced: Does not support multi-entity management natively; users must rely on third-party integrations or manual consolidation.

 

3. Custom Workflows & Automation

  • Intuit Enterprise Suite: Advanced automation, AI-driven workflows, and customization capabilities.
  • QuickBooks Online Advanced: Offers workflow automation but with limitations on complex business processes.

 

4. Enterprise-Level Reporting & Analytics

  • Intuit Enterprise Suite: Provides sophisticated, real-time analytics, deeper financial insights, and custom dashboards. Additionally, it features enhanced reporting with more dimensions (classes), allowing for a more granular view of financial data across different business units, projects, or locations.
    • Dimensions is the #1 reason why customers switch to competitors. Intuit Enterprise Suite now includes a customizable dimensions hub, allowing users to define dimensions that enhance financial categorization, speed up reporting, and improve analysis with greater detail.
    •  Enhanced Tracking: Allows for up to 20 dimensions with unlimited values, enabling detailed categorization of transactions across entities for granular analysis and reporting.
    • Multi-Dimensional Reporting: Enables the creation of reports that analyze financial data across multiple dimensions (e.g., entity, class, location, department), providing a comprehensive understanding of performance and profitability.

 

 

    • Unlimited Hierarchy in Reporting: Businesses can create reports with deep, nested structures for better insights into financial performance and more informed decision-making.

 

 

Here is what is looks like in setting up these Dimensions (5 shown below, each would have a drop down selection):

 

 

Example above shows not only “class” but three other “dimensions” – Category, Region and Investor.  These extra dimensions can be used on other transactions such as bills and expenses and be used in reporting to filter your reports. 

  • QuickBooks Online Advanced**: Offers strong reporting but lacks the advanced analytics and real-time forecasting available in Enterprise Suite.

 

5. Project Management & Invoicing

  • Intuit Enterprise Suite: Expands on project tracking with enhanced capabilities, making it an excellent choice for businesses managing complex projects. Key features include:
    • Advanced Project Management: Features such as change order management, task management per project, task assignment, task prioritization and notifications, and files management enhance communication and project profitability.
    • Project Accounting: Tracks and manages project expenses and allocations, including billable and nonbillable tracking.
    • AI-Generated Project 360-Degree Insights: Auto-generated dynamic analysis helps manage project profitability.
    • Project-Based Reporting and Dashboard Personalization: Customizable dashboards track key KPIs, with robust reports including committed cost, project cost details, project status, unpaid bills, and more, all grouped by project, vendor, customer, class, and custom dimensions.
    • Connected Workflows and Automation: Workflow automations ensure that projects are communicated to the correct people, and reminders are sent out appropriately.
    • Milestone-Based Invoicing: Allows businesses to bill clients based on project milestones, ensuring better cash flow management and revenue recognition.
    • Advanced Cost Tracking: Provides real-time insights into project expenses, helping teams stay on budget and manage profitability.
    • Integrated Time & Expense Management: Links time tracking and expenses directly to projects, improving billing accuracy.
    • Automated Budget vs. Actual Reporting: Enables businesses to compare project budgets with actual costs, allowing for proactive adjustments.
    • Multi-Project Dashboard: Offers a centralized view of all active projects, helping teams track progress, profitability, and invoicing status.
    • Additional Reports Exclusive to Intuit Enterprise Suite:
      • Open Balances by Customer and Project
      • Project Costs by Vendor and Project
      • Committed Costs by Project
      • Project Costs Detail
      • Project Status
      • Time by Employee and Project
      • Profit and Loss by Project
      • Unallocated Amounts to Projects
      • Cost to Complete by Project
      • Change Order Report
      • Estimates vs Actual Income for All Projects (Chart/Graph)
      • Actual Income vs Cost for All Projects (Chart/Graph)
      • Project Progress for All Projects (Chart/Graph)
      • Estimates vs Actual Cost for All Projects (Chart/Graph)
      • Time Cost Hours for All Projects (Chart/Graph)
  • QuickBooks Online Advanced: Provides project tracking and invoicing but lacks milestone-based billing and deeper cost-tracking functionalities available in Intuit Enterprise Suite. 

 

6. Integration & API Flexibility

  • Intuit Enterprise Suite: Supports broader integrations with business software, allowing seamless connections to CRM, ERP, and payment solutions.
  • QuickBooks Online Advanced: Integrates with many third-party apps but has more limited API flexibility.

 

7. User Roles & Permissions

  • Intuit Enterprise Suite: Offers enterprise-level user roles with granular permissions for financial control.
    • Role-based access control (RBAC) is a critical component of Intuit’s platform, providing businesses with a secure and efficient way to control user access to data and features as they scale.
    • While both Intuit Enterprise Suite and QuickBooks Online Advanced offer advanced role-based access, Intuit Enterprise Suite allows for broader role-based access management, improving efficiency and streamlining delegation.
  • QuickBooks Online Advanced: Provides role-based access control but with fewer customization options compared to Intuit Enterprise Suite.

 

8. Other Features that set Intuit Enterprise Suite apart from other QuickBooks Products

  • Collaborative Budgeting with an approval process.  
  • Financial Planning and Analysis with AI tools for predicting revenue and expenses. 
  • Business Performance and KPI Monitoring.  
  • Bundling with Mailchimp for Marketing.  
  • Fixed Asset tracking with depreciation. 
  •  Revenue Recognition features.
  •  Specialized support for Intuit Enterprise Suite Customers

 

Which One is Right for You?

If your business is growing rapidly, requires multi-entity management, or needs more sophisticated financial reporting, Intuit Enterprise Suite may be the better fit. However, if you are a mid-sized business looking for an affordable and powerful cloud accounting solution, QuickBooks Online Advanced may still meet your needs.

Want to explore your options? Reach out today for a consultation!

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Kimberly Mitchell
Partner Development Manager

Kim is a Partner Development Manager with 10 years of experience working with Strategic Partners. As a 19-year veteran with Intuit and a history of driving growth and sales results within the QuickBooks echo system Kim, brings a wealth of knowledge to our team by assisting us with sales and marketing initiatives while helping us strive for the highest net promoter (clients satisfaction) scores. Kim is passionate about creating and nurturing new partnership opportunities through the relationships she has built over the past 25 years of sales experience.

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Noah Raney
Senior Account Payroll Manager

Noah is our dedicated Intuit Senior Account Payroll Manager who can help you find the right payroll solution for you and your business. He is well versed in all of the QuickBooks platforms being desktop/online/standalone and payroll has been his world since joining Intuit 13 years ago. Whether you are looking for ways to save on time, reduce inflated payroll costs or just get set up with the best discounts, he is here to help. Your success and satisfaction are of utmost importance!

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Sean McCaffery
Global Channel Sales Partnerships and Alliances Leader

Sean McCaffery has more than 15 years of experience leading channel sales and cloud solutions in the US and Internationally. Sean has held leadership positions with Avaya in Europe growing the channel business with resellers and distributors in key countries driving double-digit growth. He then joined Rackspace Technology and was instrumental in developing sales growth strategies in cloud adoption for customers and partners. Most recently, he ran channels at Dizzion responsible for dynamically growing and expanding the partner ecosystem through SaaS-based VDI solutions before joining Intuit. Currently, he runs the QuickBooks Solution Provider Program supporting the strong business that solution providers and ISV partners have established as well as finding new opportunities to drive emerging mid-market growth together!

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Gabor Terebesi
Payments Account Manager

Gabor Terebesi is an Account Manager with the Payments Team of Intuit for over 15 years. He works in the partner division for Intuit payments to ensure Intuit partners along with any clients of theirs are in the most suitable and financially cost-effective solution accepting payments through eCommerce, QuickBooks, mobile payments, or any other options necessary for their business.

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Aimee Garneau
Accounting Manager

Aimee joined Siegel in 2022 as the Accounting Manager overseeing the accounting and bookkeeping team. Aimee brings 18 years of experience with increased responsibility with privately and publicly held companies. Her experience lies with SaaS-based companies as well as in healthcare, consulting, education and nonprofits. Prior to joining Siegel, she held accounting leadership positions with Waban Projects, Elastic Path, Moltin, and Ned Davis Research. Aimee loves partnering with business owners to establish financial reporting and results that promote growth and expansion. When Aimee is not working, she loves spending time with her family and friends and exploring all New England has to offer. She is also an avid Red Sox fan and enjoys going to Fenway Park when she can.

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Jeffrey Siegel
CPA, CEO

Jeff has spent the last twenty years working providing solutions to emerging growth businesses. After graduating from Northeastern University, he spent five years working with two multinational CPA firms in an auditor capacity building a foundation for understanding how business work. He later went on to work in various controller and CFO roles before starting Siegel & Associates (previously Siegel Financial Group) in 2000. In those roles, he sold a company to ADP, raised funds for a major expansion of a large regional IVF clinic, and helped set up accounting and financial structures for dozens of companies. Since starting Siegel & Associates, Jeff has worked with hundreds of clients providing accounting system solutions. Those solutions include setting up QuickBooks in a single-user environment putting in QuickBooks Enterprise in a 30-user environment and integrating various add-ons including inventory, CRM, and e-commerce. He is a Certified Public Accountant, a QuickBooks Pro Advisor, a QuickBooks Advanced Pro Advisor, and an Intuit Solution Provider certified in Enterprise Solutions, Point of Sale & QuickBase. Jeff is also a Microsoft Certified Systems Engineer

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Lori Swartz
Client Support Manager

After graduating from Boston University, Lori spent eight years working in various managerial positions for two national companies. In those positions, Lori developed the skills necessary to manage multiple projects, clients, and resources. She later went on to work for a management company that handled over 25 real estate properties with multiple tenants. Lori joined Siegel Solutions in 2003 as a client services manager where she utilized her skills developed to manage multiple clients and multiple staff. She recently moved into the client support manager role where she is responsible for meeting with and onboarding new clients, managing and maintaining our technology stack along with QuickBooks setups, conversions, training, and consulting.

In her free time, Lori enjoys spending time with her family. She loves to travel, music, and theater.

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Janet Jodoin
Bookkeeping Associate

Janet joined Siegel Solutions in May of 2022 as an Associate Bookkeeper. In her younger years, while raising her family, she completed her degree in Business and she spent 20 years in the trades as a custom designer. Janet also has 16 years in corporate management. Her strong team support, training, and development led her to support and manage Human Resources. Janet's desire to change careers has led her to return back to bookkeeping at Siegel Solutions. In Janet's free time she enjoys spending time with her growing family. Her personal favorite is creative landscaping in her yard. She also enjoys working alongside her partner in construction and remodeling.

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Tricia Gullage
Associate

Tricia Joined Siegel Solutions in 2022 as a bookkeeper and works with our clients to keep their day-to-day bookkeeping in order. Tricia has 12 years of bookkeeping experience working for a large construction company for 10 of those years handling all their accounting and Payroll. She met Jeff our CEO while working there and decided she wanted to join our team.

When not working Tricia enjoys spending time with her family and friends. She recently moved up to the lakes region in NH and loves going to concerts, enjoying her time boating and snowmobiling.

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Ed Jaworski
Professional Services Manager

With over 21 years of corporate experience at PeopleSoft Consulting, Sun Life Financial, and KPMG, Ed brings a big business approach to small business solutions. Prior to joining Siegel Solutions in 2022, Ed helped small businesses get the most out of QuickBooks for 21 years as a co-founder of SMB Partners and the founder of Solutions for Office Software.

Ed is an Advanced Certified QuickBooks® ProAdvisor, a Certified QuickBooks® Point of Sale ProAdvisor, a Certified QuickBooks Enterprise Solutions ProAdvisor, and a Certified SOS Inventory Consultant. Ed holds an MS in Computer Information Systems from Bentley University and a BS in Business Administration from Northeastern University.

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Debby Mono
Firm Administrator

Prior to joining Siegel Solutions in March 2023, Debby had been working in administrative and executive assistant roles for many years in various fields. Her extensive background in these positions has provided her with a range of skills and knowledge that are valuable in her new role as a Virtual Administrative Assistant. She graduated from Suffolk University with a Bachelor's Degree.

Outside of work, Debby can be found at football fields or dojos cheering for her sons. She also enjoys hikes with her dog, Sawyer, reading, sports, and live music. She and her husband also love to entertain family and friends.

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Letitia Cote
Senior Associate

Letitia has an accounting degree and has been working in the Accounting/Bookkeeping industry for over 25 years. Tish is also an Acumatica Business Consultant. Outside of work, Tish has 4 grown children and 5 grandchildren, she loves to ski, hike, bike, and be outdoors. Tish has worked with Jeff for over 10 years.

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Andrea Alencar
Associate

Andrea graduated from Bridgewater State with a Bachelor's degree in Accounting. Andrea joined Siegel Solutions in 2022. Andrea has gained accounting experience working in various industries including a CPA firm, legal, hospitality, and telecommunications. Before coming to Siegel Solutions Andrea previously worked as a bookkeeper and staff accountant.

Andrea has 4 kids which keep her busy. Outside of work, Andrea enjoys spending time with her kids, being outside, cooking, and going to softball/baseball games.

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Mike Derrico
IT

I started my career in 1983 when I designed and built a device to share a computer program, written by the president of a local bank and his son, running on an Apple Lisa computer. The device allowed the large and expensive Lisa's computer to be shared with bank employees. With this program, and with my device, we started a company to market this unique solution to banks. At this point, computer networks were just starting to be used in businesses. I transitioned my efforts to providing support for migrating banking terminal/mainframe functions to the emerging Personal Computer networking platform. For the next decade, I worked with, and beta tested, numerous technologies to integrate the banking functions from dumb terminals into the now smart desktop computers. After working with a few small consulting firms, I started my own company focusing on providing I.T. support to SMBs. More recently I am now doing the exact opposite by helping customers migrate their PC applications and data from their local computers to The Cloud. A few years ago, I joined Siegel Solutions to add my years of I.T. experience to their firm.

In my spare time, I like to travel, fly my drone and, most importantly, spend time with my family. I also still enjoy tinkering with technology.

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Pat Jaworski
Associate

After spending most of her corporate career in the insurance industry, Pat joined a QuickBooks consulting firm providing bookkeeping services to several small companies. Late in 2022, that firm merged with Siegel Solutions, Inc., bringing Pat and her clients to the group. She provides services to clients in a variety of industries: fitness, construction, beauty, equine care, and medical billing, to name a few. She enjoys supporting her clients by keeping their financial records in good shape and allowing them to focus on growing their respective businesses.

Pat resides in the 495/MetroWest area with her husband Ed, daughter Abby and Duffy, their lovable, energetic golden retriever.

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DeeAnna Keyes

Sales and Marketing Associate

DeeAnna Keyes, has been our Sales and Marketing Associate since December 2023. She brings a wealth of experience, having worked at Intuit with a focus on Quickbooks Online and Quickbooks Desktop. With a robust sales history and a license as a real estate agent in Virginia, DeeAnna is a versatile professional. Outside of work, she cherishes family moments, indulges in camping with friends, and finds joy in entertaining at home with her husband and four children.

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Janice Kats

Associate

Janice Kats graduated from Carl Sandburg College with an Associate Degree in Accounting in 1992 and has been working in the accounting field ever since in various jobs doing AR, AP, payroll, office management, and bookkeeping before joining Siegel Solutions in late 2023.

In 2022, she made the decision to branch out on her own and started her own bookkeeping business, working from home.

She is a mom to 3 grown children and a grandmother to 5 grandchildren and enjoys spending time with her husband and two dogs and following her grandchildren in all of their sports.

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Olga Shteynberg
Administrative Assistant

Olga joined our team as our in-office Administrative Assistant this past January, bringing with her valuable past administrative and customer support experience.

She resides in Natick with her fiancé, two daughters, and a dog. Originally from Russia, Olga relocated to the States at the age of ten with her parents and an older sister.

Outside of work, Olga enjoys spending quality time with her family, traveling, and reading. She also practices yoga and meditation, helping her stay grounded when she’s not in the office.

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