* It has Chart of Accounts or Ledgers Centre
* Tracks Customers, Employees and Suppliers Details
* Tracks Services & Items that the business deals in
* Tracks Incomes, Interests & Commissions
* Tracks Bills and Payments
* Tracks and Records Annual Budgets
* Tracks business Receivables and Payables
* Tracks Taxes (LST, VAT, PAYE, NSSF, WHT etc)
* Create Credit Notes, Quotations, LPOs, Invoices, Receipts, & Payment Vouchers
* Manages Business Loans & Repayment Schedule
* It perfectly tracks Stock (Stock-In and Stock-Out)
* It does Banking and Reconciliations
* Payroll (Salary & Wages) Management Centre
* Tracks all Fixed Assets & Depreciations (In-Built Fixed Assets Manager)
* It allows General Journals Entries & Audit Trails
* It has over 1000 in built Detailed Financial Reports and many other functions
Proposals: Along with estimates, you can create proposals in the Professional Services Edition. It’s possible to add items, item descriptions, estimated hours/quantity, rate, amount, markup, class, and total to proposals.
Quick Invoice: This is a display screen of all projects and the time, expenses, mileage, items, and totals associated with those projects. You can invoice directly from this screen, which makes billing for jobs easier.
Item Percent Complete: This tool allows you to see the percentage complete on each item within your current jobs and projects.
Custom Billing Rates: You can set custom billing rate levels for different types of employees within your organization. For example, you can set different rates for a law associate, outside consultants, partners, and paralegals. You can set fixed hourly rates or custom hourly rates by service item.
Customized Chart Of Accounts: QuickBooks Enterprise Professional Services Edition comes with a default chart of accounts specifically designed for legal, medical, and engineering-type businesses.
Professional Service Reports: In addition to the 140+ reports that come with Enterprise, you’ll receive access to 18 other reports. Most of these reports revolve around job costing but there are several reports specific to professional service as well such as a Billed vs. Proposal by Project report.