Last Updated on December 15, 2020 by Editorial Team
QuickBooks Desktop 2020 is an Accounting management tool by Intuit. This software allows you to create professional invoices, track sales, and expenses, manage accounts payable, and many more. This accounting software was launched way back in 1972 and still holds all its customers tightly.
You have to purchase QuickBooks Desktop once as accounting software to be installed on your office desktop computer. It is locally installed with a license pricing model. They provide you strong features with traditional accounting and 200+ integrations.
QuickBooks desktop is the most popular business accounting software for small to mid-sized business owners. With help of this accounting, software time can be saved on a big margin as bookkeeping and paperwork are simple bookkeeping tasks that can be handled automatically by this software which makes it easier to run your business.
Although Quickbooks Desktop is a one-time purchase even though you need to upgrade it regularly for a better and improved version with more useful features. Right now QuickBooks is selling 2020 which can be purchased online which was released on September 16th, 2019.
QuickBooks also offers different desktop versions called Pro and Premier for one to five users which is for small businesses and a desktop version called Enterprise that can handle 30 users and up to a million customers, vendors, and inventory items for huge businesses.
Quickbooks pro-2020 and Quickbooks premier 2020 is now featured new and user-friendly features which include: Combine Multiple Emails, Automated Payment Reminders, Horizontal Collapse Columns, Customer Purchase Order (PO) Number in Emails, Company File Search, Smart Help, and Easy Upgrade, and many more.
The latest and advanced features for Quickbooks Enterprise 20.0 involve Landed Cost, Express Pick, and Pack, and Alternate Vendors.
Cost of Quickbooks Desktop 2020
|Quickbooks desktop Pro||Quickbooks desktop premier||Quickbooks desktop enterprise|
New Powerful features of Quickbooks Desktop 2020
Scheduled customer payment reminders
Getting paid on time can be troublesome work for small businesses. Manually doing this job can be time-consuming. With this new feature, users can:
- Compose a reminder email template
- Create customer distinct mailing lists, identifying delayed paying customers
- It manages email distribution for a specific list of customers with overdue balances
- Differentiate between reminder emails sent from other email communications and keeps track of them.
- Send Email tab on the Customer: Job information window.
Adds customer PO number in emails
Upgraded the email template for customer invoices to include the Customer’s purchase order number in the subject line. Which makes faster payment by the customer as it cuts off the purchase order number lookup process when they receive emailed Invoices from within QuickBooks.
Enhanced Smart Help
Improved Help content and overall search experience are beneficial to the users. Which makes the user attempt the task gracefully. Inside Help, users are open to facilities like Intuit help content, community content, requests for a live agent call back, and specifically for Enterprise users, access to Chat support.
Horizontal Collapse Columns
It hides columns to see simple and easy to read totals in reports with jobs and classes.
This is beneficial because it improved navigation of customer summary details which means less time consumed through exports or lengthy reports. Also, it saves time but just showing you the customer details you need.
It is very necessary to reduce the number of steps taken by users to upgrade their product so it is easier for them that’s why this feature has been engraved. The process of upgrading has become much more time saving and the time consumed in upgrading their existing QuickBooks Desktop product to the newest version is minimized.
Improved Company file Search
It has become very easy to find and open your company files with the addition of a file search option in the No Company Open window. It Efficiently searches for company files across multiple connected storage devices and gives the fastest results. With the help of a search bar open list key information which helps in identifying the correct company file.
Inventory cycle count
In QuickBooks Enterprise, cycle counting adds additional inventory management efficiencies because it depends on the amount of inventory a company has to manage. Cycle counting keeps a look on a small batch of the inventory products currently in stock, in opposition to a traditional physical inventory count where operations are halted to count all inventory items in stock. Cycle counts are less troublesome to day to day activities, providing an ongoing measure of inventory accuracy and can be adapted to the specific high-value inventory units.
Inventory Cycle Count work-flow summary with Advanced Inventory using a laptop scanning device:
- By selecting inventory items the Enterprise user creates a Cycle Count.
- The selected items are sent to a connected laptop device(s) in the warehouse(s).
- The Warehouse User counts and scans (or manually adds) the quantity on the laptop device(s).
- Counted items are selected by the Enterprise to add to the automatically populated Inventory Adjustment transaction. Enterprise users approve the details and save the record.
- The Enterprise user makes the Cycle Count as Closed.
This feature is only available in QuickBooks Desktop Enterprise 20.0 in Platinum Subscription only. Users can access from the menu bar, select Vendor Center, and click the Items tab. This helps in making more informed purchasing decisions by a centralized information center containing vendor contact and pricing data. Easily create purchase orders with vendor information automatically included.
Easy payroll setup with employee self-setup
You can access this feature at QuickBooks Desktop Pro, Premier, Accountant 2020, and Enterprise 20.0 with a current Intuit payroll subscription. This is important to note that this feature will be rolled out in phases, first for new payroll subscribers using QuickBooks Desktop 2020, and later for new or existing QuickBooks Desktop 2018 and 2019 users with a current payroll subscription. Users can access this from the menu bar select Employees and then select Payroll Setup. Payroll Setup is now updated with the simplified guided setup experience. Small business owners can invite their employees to securely fill in their own personal information.
Hope this blog is helpful for you and all your issues will be solved easily. If you are facing the issues now also then you can hire a QuickBooks ProAdvisor and get the best solution for the issues or queries.