Which edition of QuickBooks do you use?

Started by TonyH3 • 7 replies • 3460 views

💬 Join us to post & get advice from 50,000 HOA & Condo leaders.

⚡ Takes 30 seconds

Already a member? Log in

TonyH3 (Pennsylvania)
Posts: 6

Posted:

Hello everyone. I'm new around here and hoping to learn a lot of good stuff. I just recently took over as treasurer of our HOA. Our HOA is incorporated as a non-profit organization (501(c)4 if I remember correctly). We have QuickBooks Premier 2007 which is probably overkill for our small group of homes, but we have it none-the-less. When installing it the other day, it asked me what edition I wanted to install. Since we are a non-profit group I answered non-profit, but I'm wondering if I should have done something else. Invoices in the NP edition are called Pledges and sales receipts are Donations. I just want to be sure before I start populating this with all the lots in our association that I am choosing the right one.

Anyone have any opinion/recommendation/advice on QB? Thanks.

-Tony

JohnO6 (Georgia)
Posts: 424

Posted:

Assuming you're going to use QuickBooks, I think your first decision would be whether to use the online version or the installed version. Each has its own advantages and disadvantages.

If you choose to use the installed version is seems like the "Pro" edition would be enough for most HOAs. The "Premiere" edition costs much more and I'm not convinced it's worth it. You will also have to decide how often you want/need to update your software (e.g. 2007 vs. 2008 vs. 2009 vs. 2010).

TonyH3 (Pennsylvania)
Posts: 6

Posted:

We actually have a copy of Quickbooks Premiere 2007 already. It's just a matter of which edition we want to install. I'm just wondering if the non-profit is better to go with since we are a non-profit or something like the professional services edition.

JohnO6 (Georgia)
Posts: 424

Posted:

Sorry, I didn't read your original post carefully enough. Can't be much help since I don't actually have the Premiere edition. I would suspect, however, that the "General Business" edition would adequately cover all your needs.

SteveM9 (Massachusetts)
Posts: 3,699

Posted:

Use Professional services edition, not non-profit.

Although you see yourself as a non profit, your HOA is not. It is a not for profit which is very different. A normal install of Quickbooks would be adequate.

TonyH3 (Pennsylvania)
Posts: 6

Posted:

Thanks.... that does make more sense actually.

-Tony

SusanW1 (Michigan)
Posts: 5,202

Posted:

And I believe tht the Non Profit version is for charities.

🎯 You've read this entire discussion

Join the conversation with 50,000 HOA & Condo Leaders:

✓ Ask follow-up questions
✓ Share your experience
✓ Get expert advice
✓ Access 350,000 discussions

Create Free Account →

⚡ Takes 30 seconds

Already a member? Log in here