Have you heard about Intuit Enterprise Suite?

Transitioning to Intuit Enterprise Suite

We all know QuickBooks Online (QBO) is the most user-friendly accounting program that exists today. We all fell in love with QuickBooks Desktop, and by now, most of us have transitioned almost fully to QBO.

Our firm, GranthamPoole PLLC, moved 100% of our QuickBooks Desktop files to QBO in 2023. We did this so we could become experts in the product and leverage technology to become super-efficient.

Now we have IES. It’s the next step for businesses who have outgrown QBO Advanced, and when I saw that IES looks and feels very similar to QBO, I knew it would be an easy transition for our Client Accounting & Advisory Services team. As a team leader, I knew an easy transition would delight my team members by helping keep stress—which often accompanies change—low. 

A big part of what makes the move from QBO to IES so easy is that the Intuit migration team is there to help. They take charge of transitioning the file, and your history will transfer just like it does today—and we all know that accountants like to keep their history.

 Favorite Intuit Enterprise Suite features

 IES has amazing features, and I want to highlight a few of them. For example, one of my favorite features of IES is being able to record cross-company journal entries.

 As accountants, we all know the pain of clients not balancing their inter-company accounts (Due to/from). Journal entries within the new Intuit platform have the entity name as a field of choice. You can record your journal entry and keep your inter-company accounts balanced at the same time.

Pretty cool, right?

Another feature I’m excited about is consolidated entity reporting with eliminations. Our firm utilizes Fathom or Reach integrated with QBO to achieve consolidated reporting. In IES, you can have consolidated reporting, and the eliminations are done for you!

For clients and accountants who are experiencing “App Fatigue” (I often hear clients say, “I just want to be in one product”), I have another great feature: cross-company reporting. It’s not just for the balance sheet and profit & loss; you can now run many types of reports and see your data for all companies in just one view. For instance, I could see sales for all of my client’s entities in a single report.

IES also offers dimensions (similar to classes), but you can have multiple dimensions in a transaction. For example, let’s say I have a dimension for the product line, a dimension for a specific brand of product, a dimension for store location, a dimension for sales rep—the list goes on. With IES, the days of imagining the actionable data insights you could get from your reporting are over. It’s now a reality.

If these features aren’t’ enough, IES also provides: 

• Financial planning & analysis

• Project financials

• Job costing

These are must-have features for growing firms, but there are even more benefits. IES includes robust role-based access and a dedicated support person for setup as well as for issue resolution. These individuals are IES experts and are extremely knowledgeable about the product.

As soon as I saw a demo of IES, I knew my clients with multiple entities would benefit from using it. I also thought this would be great for franchise clients, any client in construction who utilizes projects, clients who are desperate for more data insights to help drive their business growth, and clients who are having to use multiple apps to manage their back office.

I love having a next step after QBO Advanced to offer my clients—especially for those that I brought back to QBO from NetSuite, which was too robust for their size, very costly, and painful to learn and use daily. QBO pricing is customized to the client’s needs, and now, with IES, larger small clients can easily transition to mid-market and benefit from a platform that our team already knows and loves working on daily. 

IES is scalable and will continue to improve its features over time. I also believe IES positions our firm well to support more mid-market clients, thus growing our firm’s revenues.

The future is bright with Intuit Enterprise Suite.