QuickBooks Desktop 2021 Offers More Automation to truly save Time and Boost Productivity
QuickBooks Desktop (QBDT) 2021 delivers enhancements to become much more of the ‘go-to solution’ for accounting firms who wish to help their clients succeed and grow their businesses.
Information management in addition to flow of financial information means more to clients than ever. QuickBooks Desktop (QBDT) 2021 delivers enhancements to be much more of the ‘go-to solution’ for accounting firms who want to help their clients succeed and grow their businesses.
This year’s release addresses many of customers’ most requested changes, including bank feeds, receipt management, data level permissions, customized payment receipts and batch delete for sales orders. If You want to learn about Features Of QuickBooks 2021 then Contact our experts.
Bank feeds. Many business people spend hours every month manually categorizing and entering banking transactions into books and accounts. Now, businesses can save time with enhanced bank feeds in QBDT 2021.
With enhanced rules, improved matching, and batch editing, your customers will be able to automatically categorize or batch edit bank transactions by payees, accounts and classes; improve data integrity with better matching much less manual entry; quickly seek out and define categorization criteria; and quickly review or resolve transaction discrepancies. Taking advantage of these improvements will also be a piece of cake for accounting firms since QuickBooks Desktop leveraged an equivalent experience to this that is found in QuickBooks Online.
Receipt management. Manually entering receipt data into QuickBooks may be an extended, complex process, and susceptible to typos. Now, with this highly requested feature for QBDT, business people who enter receipt expenses in QuickBooks can efficiently and quickly import and add transactions towards the register through the QuickBooks Desktop mobile app, which uses algorithms to extract and categorize the info. Just photograph, import and review. The ability to photograph, import and review receipts through the QuickBooks Desktop mobile app is just for sale in the QuickBooks Desktop Plus subscription product.
For customers who do not want to utilize the app, they don’t have to. They can still scan and upload their electronic and physical receipts, but still use the optional automated categorization and improved matching.
Customers will appreciate the filing and audit time savings too. Capturing receipts and attaching them to transactions for audit trails wil dramatically reduce the need to organize physical receipts, help alleviate problems with the increased loss of those receipts and facilitate audits.
Data level permissions. Data permissions is exactly what every business needs to have in place – particularly when it involves their accounting records. This often-requested feature grants firms the ability to give users more granular usage of view, edit, or delete just the specific customers, vendors, and data these are generally responsible for. This can be particularly effective for larger, more complicated, or multi-geographical businesses. As an example, now East Coast sales reps won’t have to possess use of West Coast customers, and vice-versa.
Customized payment receipts. Confronted with limits on including informative data on these key documents, business people can now have a regular, professional look across all customer communications, including invoices, estimates, and statements. Customization of payment receipts range from graphics such as logos, and additional fields and details for every customer and client.
Firms can also tailor payment receipt formatting to different customers by saving multiple customized format settings. On top of that, this leverages the existing layout designer, so there’s you don't need to learn a new tool.
Batch delete for sales orders (QuickBooks Enterprise Accountant only): Now accountants can manage their customers’ files more efficiently with batch delete for sales orders. No further being forced to delete them one at the same time.
Additional features for QBDT 2021:
Customer Groups: the capacity to create rule-based customer groups according to such fields as customer type, status, location, and balance, so firms can simply manage and communicate with specific collections of customers.
Advanced Inventory Improvements (QuickBooks Enterprise Platinum & Diamond only):
Greater visibility with Barcode Label Prices
Greater control and flexibility with improved landed cost calculations. Now users can setup landed cost accounts such as “COGS” or “Other current assets.”
Gain more insight into alternate vendors by including them as a column in key reports like Inventory Stock Status by Item and Inventory valuation summary.
QuickBooks Desktop Tool Hub: The Hub contains easy-to-use troubleshooting tools to assist users address common problems and errors on their own. Users have access to all their current/prior subscriptions, along with information which you can use to solve common issues pertaining to installation, networks and passwords.
QuickBooks Capital: Allows firms to get into transparent and easy flexible business funding with no origination fees, prepayment penalties, or hidden charges.
What to anticipate using the QuickBooks Desktop 2021 release
You will have several changes associated with the QBDT 2021 release, including the annotated following:
Greater focus on subscription options: Intuit will be encouraging customers to choose one of its best value QuickBooks Desktop Plus subscription offerings, which include many additional benefits just like the receipt management capability through the QuickBooks Desktop mobile app.
Alterations in retail availability: Starting this month, you’ll only find QuickBooks Desktop Plus subscription products on store shelves. Intuit will continue to offer one-time purchase products on their site, through online retailers, or by calling their sales team.
New discounts for you personally along with your clients: Call the accountant sales force for more information.
Finding solutions to meet your clients’ needs helps bring your firm to the next level. The newest features and options of QuickBooks Desktop 2021 helps you will do just that – quickly, easily, and at a great value.