Intuit Enterprise (IES)

Software

Software:

Intuit Enterprise (IES)

Vendor:

Intuit

Technology Platform:

Cloud
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Core Software Information

Year Started:

2024

Software Summary

Intuit Enterprise Suite is a cloud-based, multi-entity accounting platform designed specifically for mid-market construction companies that have outgrown QuickBooks. Launched in September 2024, it combines the familiar QuickBooks interface with enterprise-level capabilities including native multi-entity consolidation, up to 20 custom dimensions for advanced job costing, and four AI agents that automate bookkeeping, financial analysis, payment optimization, and project management. The platform offers construction-specific features such as percentage-of-completion revenue recognition, comprehensive change order management, 3-way financial forecasting, and sophisticated approval workflows. Built on modern cloud architecture with quarterly product updates, IES bridges the gap between basic QuickBooks functionality and complex traditional ERPs, providing growing contractors with scalable financial management without the steep costs and implementation challenges of legacy construction accounting systems.

Monthly Cost Range:

$700 to $2,000 per Month

Target Audience:

Small to Mediums Sized Construction Clients

Target Construction Segments:

General contractors, commercial builders, specialty contractors, multi-entity construction operations, large residential builders

Target Company Revenues:

$2.5M to $100M

Modules:

Multi-Entity Management, Advanced Job Costing (20+ dimensions), AI Agents (Accounting, Finance, Payments, Project Management), Project Management & Budgeting, Change Order Management, Revenue Recognition, Financial Planning & Forecasting, Workflow Automation & Approvals, Consolidated Financial Reporting, Intercompany Transaction Management, Payroll Integration, Customer & Vendor Management, KPI Scorecards, Cash Flow Forecasting

Other Software Owned by Vendor:

QuickBooks Online, QuickBooks Online Advanced, QuickBooks Desktop, QuickBooks Enterprise, QuickBooks Time, QuickBooks Payroll, QuickBooks Online Payments, TurboTax, Mailchimp, Credit Karma

Customization:

Custom Fields & Reporting

Integrations

  • API Integrations: IES supports robust API integration capabilities enhanced in the March 2025 release, enabling businesses to connect with third-party construction management systems. The platform's cloud architecture facilitates seamless data flow between field and office operations.
  • Types of Integrations: IES integrates natively with QuickBooks Payroll (Premium and Elite subscriptions), QuickBooks Time for automatic timesheet transfer, and QuickBooks Online Payments for customer payment processing. Construction-specific integrations include Knowify for project management and data sync, and BigTime for bidirectional time tracking and labor code mapping.
  • 3rd Party Construction Applications: The platform is designed to work with leading construction management platforms, with future development priorities including deeper integrations with Procore and Autodesk Build for enhanced project management connectivity.

Key Features

  • True multi-entity consolidation: Unified system with automated intercompany eliminations and shared chart of accounts eliminates hours of manual Excel consolidation
  • Up to 20 custom dimensions: Sophisticated multi-dimensional job costing far beyond basic class and location tracking
  • Four specialized AI agents: Intelligent automation that learns from your data for bookkeeping, payments, financial analysis, and project management
  • Construction-specific revenue recognition: Percentage-of-completion and milestone methods supporting ASC 606 compliance
  • 3-way financial planning: Integrated P&L, Balance Sheet, and Cash Flow forecasting with mathematical consistency
  • Enterprise approval workflows: Customizable routing for estimates, invoices, bills, and purchase orders with multi-condition logic
  • Enhanced project budgeting: AI-powered budget creation, versioning, tracking widgets, and employee cost calculators
  • Centralized user management: Role-based permissions across all entities from single dashboard
  • Done-for-you allocations: AI learns historical patterns to automate shared cost distribution across entities
  • Intercompany sales tracking: Linked transactions that automatically flow between entities and into consolidated reports

Software Pros

  • Purpose-built multi-entity architecture: Native design for multiple legal entities eliminates painful manual consolidation required in QuickBooks
  • Familiar Intuit ecosystem: Leverages QuickBooks foundation with enterprise capabilities, reducing learning curve compared to traditional ERPs
  • Aggressive development cycle: Quarterly product releases continuously add construction-specific functionality and AI enhancements
  • AI-powered automation: Four specialized agents that learn and adapt provide intelligence previously requiring dedicated financial analysts
  • Bridge solution positioning: Fills critical gap between outgrown QuickBooks and complex, expensive traditional construction ERPs
  • Scalable pricing model: More cost-effective than traditional ERPs while providing enterprise-level capabilities
  • Construction industry focus: Features designed specifically for contractor workflows including change orders, retainage, and certified payroll support

Software Cons

  • New platform maturity: Launched September 2024, still evolving with some features and integrations under development
  • Integration ecosystem building: Fewer third-party integrations available compared to established platforms like QuickBooks Online
  • Requires multi-entity need: Over-engineered and over-priced for single-entity contractors who could use QuickBooks Online Advanced
  • AI learning period: Agents require 30-60 days of transaction history to learn patterns and provide accurate suggestions
  • Migration complexity: Technical conversion utility has predictable issues with list bloat, cost code mismatches, and job-cost history requiring partner expertise
  • Limited track record: Newer platform lacks the long-term proven implementation history of traditional construction ERPs

RedHammer's Take

Intuit Enterprise Suite represents a strategic evolution in construction accounting software, positioning itself as the bridge solution between QuickBooks and traditional enterprise ERPs for mid-market construction companies.

Launched in September 2024 and rapidly enhanced through quarterly releases, IES addresses the critical gap that has long frustrated growing contractors, the painful leap from outgrown QuickBooks to complex, expensive ERP systems. With its native multi-entity architecture, up to 20 custom dimensions for sophisticated job costing, and four specialized AI agents that automate bookkeeping, payment optimization, financial analysis, and project management, IES delivers enterprise-level capabilities within a familiar Intuit ecosystem.

The platform's construction-specific features—including percentage-of-completion revenue recognition, change order management, advanced project budgeting, and certified payroll support, demonstrate Intuit's genuine commitment to understanding contractor workflows rather than forcing construction accounting into generic business software.

As Intuit continues aggressive development cycles and deepens integrations with platforms like Procore and Autodesk Build, IES is well-positioned to capture the $5M-$250M construction market segment that has historically struggled to find appropriate technology solutions.

However, contractors considering IES should carefully evaluate their true multi-entity needs and complexity requirements, as single-entity firms may find QuickBooks Online Advanced more cost-effective.

For construction companies operating multiple legal entities, managing 10+ concurrent projects, or spending significant time on manual consolidation and job cost analysis, IES offers a compelling value proposition that will likely strengthen as the platform matures and expands its construction-specific functionality roadmap.