Comparison between QuickBook and Mindz ERP

Enterprise Resource Planning, acronym ERP, is popular software, which is used for business development. Businesses of all sizes (small, big or medium-scale) can use this software to manage its resources and their relative operations effectively. It is used to integrate and automate all business resources and activities for successful and simplified functioning. It is also useful in tracking business resources, better flow of information, and in sharing data with different departments.

MindzERP

MindzERP is the ERP system offered by Marketing Mindz. This system is designed to support businesses in organizing information, obtained from different business activities, like manufacturing, marketing, sales, inventory management, purchase and accounting. It offers several benefits and some of them are:

·         1. Easy to prepare sales quotations, orders, customer invoice, credit notes, purchase orders, goods receivable notes and payment terms

·         2. Proper and effective management of customer and supplier payments, and allocations

·         3. Easy preparation of bills of materials, work center inquiries and work order entries

·         4. Systematized recording of stock items and data feasibility

·         5. Recording of payments, deposits and withdrawals in associated accounts

·         6. Documentation of bank reports and inquiries

·         7. Easy to print, email and convert reports

QuickBook Enterprise

QuickBook Enterprise software is flexible, intuitive, comprehensive, tailor-made, efficient, and is easily accessible. It software is useful in managing business efficiently. The software is designed to deal with the accounting, payroll, payments, inventory, and reporting areas of any business. Some of the features of the ERP software include:

·         1. Advanced reporting

·         2. Easy to get shortage report for assemblies

·         3. Prohibits negative inventory quantities

·         4. Restricts product selling to customers with overdue payments

·         5. Easily calculates  the sum of sales and purchase columns

Comparison between MindzERP and QuickBook Enterprise

  1. Time saving tool in tracking financial transactions

a.       Maximum number of simultaneous users: In QuickBook Enterprise, the maximum no. of users is limited to 1-10 or 30; while in Mindz ERP, there is no limit for maximum users.

b.      Track sales, sales taxes, and customer payments: Both software effectively track these details.

c.       Access to product experts, unlimited technical support: Only US-based experts have access in QuickBook Enterprise; while Mindz ERP can be accessed by any product expert.

d.      Online backup and protection: Both software provide backup and protection facilities.

e.      Anywhere anytime access: In QuickBook Enterprise, hosting is available at additional cost; while in Mindz ERP, there is no need to pay any added cost.

f.        Invoice multiple customers at once with Batch Invoicing: This facility is offered by both ERP software.

g.       Set individual user permissions to control access to sensitive information: This feature is offered by both ERP software.

h.      Create customized financial reports: Both ERP software give the facility to create customized reports.

i.         Track fixed assets such as computers and other office equipment: Both QuickBook Enterprise and Mindz ERP software features fixed assets tracking facility.

j.        Work in two company files at the same time: Both ERP software provide this advantage. But in Mindz ERP, the requirement can be customized, if needed

k.       Expanded list limits allows you to track 100,000+ customers, vendors and inventory items and employees: In both ERP software, the limit is 100,000+.

l.         Leverage 14 predefined user roles to help you set up new users quickly: Both ERP provide this leverage.

m.    Complete more activities in multi-user mode: QuickBook Enterprise as well as Mindz ERP offers this multi-user mode facility.

  2. Get the insights to make better decisions

a.       One-click financial, sales & tax reports: It is offered by both ERP software.

b.      Import data from Excel, Quicken, Microsoft Office Accounting & prior QuickBooks versions: In Mindz ERP, only data in excel format can be imported.

c.       Get a consolidated view into your business with Company Snapshot: Mindz ERP does not provide consolidated view of the business.

d.      Industry-specific reports, sample files, menus & chart of accounts: This function is offered by both ERP software.

e.      Track and follow up on sales leads with the Lead Center: Mindz ERP does not provide tracking and follow-up facility on sales leads.

f.        See all your key customer information at a glance with the Customer Snapshot: Both ERP software offer such details.

g.       Track international sales & expenses in multiple currencies: QuickBook Enterprise as well as Mind ERP provides this tracking facility.

h.      Forecast sales & expenses. Easily create a business plan: Using Both ERP software, one can forecast sales and expenses.

i.         Access all of your data to create any report you need with Advanced Reporting: Both software provide this access.

j.        Consolidate reports from multiple company files: Using Mindz ERP, one cannot take out consolidate reports from multiple company files.

k.       Create custom reports with ODBC-compliant applications using a direct connection to the database: Mindz ERP does not create custom reports.

  3. Efficiently manage inventory and pricing

a.       Track & manage inventory & create purchase orders: This facility is provided by both ERP software.

b.      Set and manage inventory reorder points: Both ERP software offer this feature.

c.       Easily find and locate inventory tasks all in one place with the Inventory Center: Using both ERP software, one can attach inventory images.

d.      Manage inventory using bin location tracking, bar code scanning, serial number or lot tracking, FIFO costing and multiple location inventory 14: Mindz ERP software does not provide this facility.

e.      Control, customize and automate your pricing right: Using both ERP software, a business can control, automate and customize pricing.

  4. Technical specification

a.       Linux server: QuickBook Enterprise software does not work on Linux server.

b.      Customization based on industry and customers need: using Mindz ERP, a business can customize information, depending upon industry and customers needs; while QuickBook Enterprise does not provide this facility.

  5. Price

a.       One time setup: Mindz ERP is much more affordable than QuickBook Enterprise, as its one-time set-up charge is only $1000, as compared to $6300 per year charges by the later one.

b.      Customization: The customization charge for Mindz ERP is $15 per hour.

Author info:
John Brow is a freelance writer. His articles on topic like ERP system guide are published on various online platforms.