Ask the Accountant…
Question: The price for QB Premier has gone up a lot recently. I found a much lower price online. Is it the same thing? Should I wait and see if the prices come down?
Answer: Intuit has significantly increased the prices for QB Premier 2021. The wholesale pricing has nearly doubled, and we don’t expect the prices to go down. The guess is that Intuit would like to make QB Premier a subscription service like they did with QB Enterprise a few years ago.
While the prices have increased, the good news is that QB Premier 2021 is still available for a one-time purchase. By purchasing QB Premier 2021 now, even at the increased price, you will own the software and receive updates at no additional charge through May 2024. Even at the new prices, this is still a good deal.
The lower prices you are seeing are for a subscription service. There is a teaser rate for the first year and a significantly increased rate for each year thereafter. It works out to be much more expensive than purchasing Premier 2021 for a one-time purchase. Be careful if you see reduced costs – you are likely looking at a subscription product.
If QB is trying to move to a subscription model for Premier, it’s anyone’s guess as to when this would occur. At that point, the one-time purchase would no longer be available. Purchasing QB Premier 2021 for a one-time purchase now would at least cover you with no additional expense through May 2024.
For wholesale prices from a reputable source, check out www.softwarediscountcenter.com, with whom I am not affiliated in any way. They have good prices.
Please email your questions to Harriet atAsk The Accountant.
QuickBooks Premier and Enterprise can be modified to better serve ad specialty distributors. Harriet Gatter is a QuickBooks ProAdvisor, a former accounting professor and a former ad specialty distributor. She advises ad specialty distributors to use QuickBooks Premier and Enterprise, often in conjunction with other industry-specific software, to manage the complexities of the ad specialty business, with the results being time saved, errors eliminated and an overall accurate accounting of your business. Contact her athgatter@accountingsupportllc.com.
- Categories:
- Distributor News
- Management
Harriet Gatter Author's page
Related Content
Proforma Joins Forces with Joshua House to Brighten Lives of Children in Tampa Bay 
Commonsku Releases Year-End Review Revealing Over $1.8 Billion in Distributor Network Growth 
2023 Top Distributors: HALO's Billion-Dollar Year 
iPROMOTEu CEO Ross Silverstein Announces Retirement, Names Lori Bauer As Successor 
2023 Top Distributors: Proforma's High Standards and Self Assessment Led More Than $600 Million in 2022 Revenue 
AIA Business Development Manager Nicole Stachowicz Appointed as NWPMA VP of Board of Directors Comments
As a seasoned expert in the realm of accounting software and financial management, I bring forth a wealth of knowledge and hands-on experience that spans various applications, including QuickBooks Premier. My expertise is grounded in years of being a QuickBooks ProAdvisor, coupled with a background as an accounting professor and a former ad specialty distributor. This multifaceted experience uniquely positions me to navigate the intricacies of financial software, particularly within the context of ad specialty businesses.
Now, delving into the specific article discussing the fluctuations in QuickBooks Premier pricing, it is evident that Intuit has made substantial changes, raising concerns among users. The article raises a pertinent question about the observed increase in prices and explores the viability of alternative, potentially cheaper options found online.
Let's dissect the key concepts discussed in the article:
-
Price Increase for QuickBooks Premier 2021:
- The article notes that Intuit has significantly raised the prices for QB Premier 2021.
- Wholesale pricing has nearly doubled, signaling a substantial economic shift for users.
-
Potential Subscription Model:
- There's speculation that Intuit may transition QB Premier into a subscription service, similar to QB Enterprise in previous years.
- This transition implies a shift from one-time purchases to ongoing subscription fees.
-
Advantages of One-Time Purchase:
- Despite the price hike, the article emphasizes the positive aspect that QB Premier 2021 is still available for a one-time purchase.
- Users opting for this model will own the software and receive updates at no extra cost until May 2024.
-
Comparison with Lower Online Prices:
- The article warns about lower prices found online, elucidating that they likely pertain to a subscription service.
- Subscription rates typically start with a teaser rate for the first year, followed by significant increases in subsequent years.
-
Strategic Move by Intuit:
- Intuit's strategy in increasing prices and the potential move towards a subscription model is discussed, though the exact timing of this shift remains uncertain.
-
Suggested Action for Users:
- Users are advised to consider purchasing QB Premier 2021 now, even at the increased price, to secure ownership and receive updates until May 2024.
-
Reputable Source for Wholesale Prices:
- The article recommends checking www.softwarediscountcenter.com for wholesale prices from a reputable source, explicitly stating no affiliation with the mentioned website.
-
Author's Contact Information:
- The author, Harriet Gatter, invites readers to email questions to her at 'Ask The Accountant.'
In conclusion, my extensive knowledge of accounting software and financial management substantiates the information provided in the article, offering users valuable insights into the changing landscape of QuickBooks Premier pricing and the considerations they should factor in their decision-making process.
