Brandy Olsen
Accounting Systems & Implementation Coordinator
Exciting news from our friends at Intuit! This year, they’ve rolled out a brand-new product: Intuit Enterprise Suite—and it’s designed to make managing your business easier than ever.
As businesses grow, keeping track of finances, operations, and customer interactions can quickly get more complicated. That’s where Intuit Enterprise Suite steps in. This all-in-one solution is built to simplify and improve business management. It’s like QuickBooks Online Advanced, but with some extra features and capabilities that really take things to the next level.
Here are three features that I think are particularly impressive:
1. Multi-Entity Accounting
For businesses with multiple entities or companies, this feature is a total game changer. With Multi-Entity Accounting, you can easily manage intercompany transactions. The system lets you split expenses across different entities with a simple transaction screen. Plus, it automatically takes care of balancing the accounts, so you don’t have to worry about keeping everything aligned. This saves time, especially for companies that regularly need to split costs between different business units or track intercompany loan balances.
2. Multi-Dimensional Reporting
Say goodbye to juggling spreadsheets! Multi-Dimensional Reporting allows you to break down your data with up to 20 different dimensions, making reporting more detailed and much easier to manage. No more combining multiple reports in Excel—this feature cuts down on manual work and gives you better, faster insights.
3. AI-Driven Insights & Intelligence
Intuit Enterprise Suite uses built-in AI to help you analyze your financial data more effectively. It doesn’t just look at past performance—it can also spot trends and predict future outcomes. For example, if you’re managing a construction project, the software can analyze your current spending patterns and predict if the project is likely to go over budget. This kind of insight can be crucial for making adjustments before it’s too late, potentially saving your project’s bottom line!
Some Things to Keep in Mind
As with any new product, Intuit Enterprise Suite is still evolving. While it’s packed with powerful features, there are a few bugs to iron out. Right now, Intuit is focusing heavily on the construction and wealth management industries, so it may take a little time before it’s fully ready for every business type. However, if you’re in one of those industries, this could be a fantastic fit for you.
Brandy