QuickBooks is a well-renowned among the businesses that looking for a desktop accounting software. With every upcoming year, Intuit releases the new version of QuickBooks. Recently, this month Intuit launched the QuickBooks desktop 2019 with tones of various improved, updated, and new features. You must be wondering – what are the new and updated features for your business to grow smoothly?
To understand “what’s new in QuickBooks 2019”, it is more important to know about each and every product information with complete detail of its utilities.
Variants of QuickBooks Products
QuickBooks product line has numerous accounting & bookkeeping solution. You have to make a choice which QB product suits you the most depending upon your business type and task you need to perform. The most preferred QuickBooks product for the small business is QB Pro & QB Premier.
QuickBooks Pro vs. QuickBooks Premier
As we all know that QuickBooks Pro & QuickBooks Premier both are targeted to small size businesses with up to $1 M revenue per year & less than 20 employees. The both QuickBooks Pro and Premier have the capability of payroll with basic bookkeeping & reporting features. Some of the major differences between QuickBooks Pro & Premier are – QB Pro allows 3 unique users where QuickBooks Premier allows 5 users. QB Premier is the most suitable software for the industries given below:
- Professional services
QuickBooks Enterprise Solutions
QuickBooks Enterprise has widely used accounting software in the huge businesses sector. This software is capable of containing million of customer, vendors, sales, and expenses data to keep the track. Moreover, QuickBooks Enterprise Solutions has 6 times more efficient than the QB Pro or Premier. However, it allows 30 individual users to access the QuickBooks Enterprise. Below are some of the significance’s of this product over the QB Premier & Pro.
- Advanced sales order management system.
- Automatic price control.
- Ability to integrate & fuse reports from multiple company files.
- Up to 14 unique individual users.
- Enhanced reporting tools.
QuickBooks Accountant Desktop
Being an accountant of multiple clients and companies is a tough job. The best way to handle and track the company files of your clients’ – use QuickBooks Accountant Desktop. The QuickBooks Accountant 2018 is loaded with immense new features that involve bulk delete, merge vendors, quick search feature, report filters, and user-friendly bill tracker. The Accountant Toolbox provides you the ability to access & work within your clients’ QuickBooks software.
QuickBooks for Mac
For a QuickBooks Mac user, it is important to know that Intuit has released its previous and last 2016 desktop version and they will provide QuickBooks support for Mac versions till May 31, 2019. This implies that the QB Mac users can no longer process payroll or payment through QuickBooks software after that date.
QuickBooks Online is a cloud-based accounting application which simply means that you don’t have to download or install it on your computer. All you need is a good internet connection to use the QuickBooks Online anytime anywhere. It allows the user to operate it on Phone, Mac, iPad, PC, or any device with internet connection and operating system. You will be able to perform all the basic tasks like:
- Time Tracking
- 3rd Party Integration
- Generate financial statements
- Project Organization
- Expense Tracking
QuickBooks 2019 Updates
In this month, Intuit released the upgrades and features with QuickBooks 2019. Check out the list of the standard upgrades below:
✔ Switch to different computer
One of the prominent features that Intuit QuickBooks 2019 contain is – that the QB user can transfer all the QuickBooks programs and files to another computer. All you require to do that is the old computer, good internet connection, a new computer, and a USB flash drive.
✔ Advanced Backup System
We cannot be sure that technology will support us all the time and it will not be failed. In such a scenario, we have to confirm that our information stored in a device is safely stored. Hence, Intuit has introduced an advanced and enhanced Data Protection system so that the QB user can create the backup and received its confirmation on the email.
✔ Enhanced Sick & Vacation Time Tracking
The previous versions of QuickBooks were unable to ensure that overpay on the sick or vacation time to your employees. For the reason that the QuickBooks 2019 has features that give you a notification or warning message when an employee goes over its sick or vacation pay limit. It also allows the user to see the left time on the employee’s pay stub to inform the employee’s about their sick or vacation time status.
✔ Invoice History
QuickBooks desktop 2019 has a feature to check out the invoice history at one place without clicking on different places in your account. You can see the invoice creation date and time, customer view time, payment completion date & time, and other.
✔ Inventory Tracking
The advanced inventory tracking system in the QuickBooks 2019 is also a big hit feature. It allows the QB user to keep the track of the inactive inventory. It counts the entire inventory as inventory total no matter if some of the inventory had been taken out of the circulation. This upgraded feature allows you to mark the inventory as inactive no matter if you still have some units available. By doing this, when you take a look on the Inventory Valuation Summary – the inactive inventory will appear highlighted in yellow.
✔ Bill Pay Default
It could be possible that mistakenly QuickBooks makes double payments for the single transaction while paying the bills. Possibly, QuickBooks users write a check to pay a bill & forgot to make an entry in the Pay Bills to reflect the payment. There is a huge chance that you think that you haven’t paid that bill. In QuickBooks 2019, while putting a vendor name onto the check, it reflects all the unpaid bills related to that vendor.
✔ User Permissions Warning
The QuickBooks Admin will always receive a permission alert while assigning any job or role to any additional users. Once the Admin allows the additional user, the additional user can access the QuickBooks.
✔ Improved Sales Order Worksheet
In QuickBooks 2019, go to the sales order dashboard to see the number of sales orders, picked orders, packed orders, shipped orders and open orders. It also allows the user to make modification in multiple orders in just one click by using the batch feature. The QuickBooks desktop 2019 user can pack & print the shipping label right from the account.
✔ Easy Upgrades
The QuickBooks 2019 software upgrades are streamlined in 2 simple click option. The user just has to click on Update, and an auto save feature will create a backup of the company files so that nothing will be lost in the mid of transfer. In the latest released 2019 version, you don’t have to search for your company files as it will be waiting for you to open it on the first time.
✔ Credit Transfers
QuickBooks desktop 2019 has an amazing feature with which you can transfer the credit between multiple jobs/tasks for a specific customer & there no need to create separate credit for every single job. To perform this, you have to use the Credit Transfer charts in your accounts. The Intuit QuickBooks make this feature unable or inactive with a purpose that no one would accidentally use this feature for some other tasks. There is only one potential problem that could occur which is – the user cannot undo the transfer once you completed the transfer process.
QuickBooks 2019 Online Updates
QuickBooks Online is most likely to be compared with the QuickBooks Pro or Premier. This is because the features present in the QB 2019 already exist in the QuickBooks Online (QBO). In general terms, QuickBooks Enterprise has a lot of features that QuickBooks Online do not have.
Benefits of cloud QB cloud over the desktop applications
Below are some of the benefits of using the QuickBooks cloud application over desktop application.
If you are wondering to switch from desktop version to a cloud-based system of QuickBooks, then here are some of the points that are enough to go on in this direction.
✔ Access Anywhere
To use the cloud-based QuickBooks application is the best choice that you have ever made. With this application, you can log into your QuickBooks account remotely from any device that has an internet connection such as Desktop, laptop, cell phone, or iPad. A desktop version allows you to use QuickBooks only on the device where it is installed.
✔ Multiple users
QuickBooks Desktop allows the user to provide access to the limited number of users but not simultaneously for the same program/file. Furthermore, the Cloud-based desktop application enables the admin to provide access to the unlimited number of users simultaneously. Also the multiple users can access the same QB program/file at the same time. Moreover, it is more safe, secure, and effective to send sensitive company data via email or USB drive.
✔ Quick Updates
The QuickBooks Desktop software receives yearly updates for the fixes & improvements that are required. On the other hand, cloud-based QuickBooks application receives the update in the real-time and updates continuously.
The desktop application will keep your business information as safe as the security you choose to implement on your PC & network. However, if we talk about the cloud-based QB application – the entire information of your business is safely secured in the large data centers which are monitored 24×7. No hacker can access your information and data as the connections are highly secured & encrypted.
You don’t even need to worry about the device from which you access the QuickBooks accounts if it got a steal. All you have to do is to remember the login information such as username, password, and registered email id.
The QuickBooks cloud-based application allows you to integrate with the other applications to uplift your business swiftly & seamlessly. With the QuickBooks integration feature, you can integrate the payment method with the QuickBooks software to keep the records of payments of the customers.
It is quite possible that you want to update your old QuickBooks version to QuickBooks desktop 2019 or want to purchase the QuickBooks 2019 software. In such case, we suggest you contact the authentic & authorized QB distributor .i.e. Pro Accountant Advisor. You can get the same services from the Intuit. For any inquiry or information related to QuickBooks desktop 2019 software, you can directly get in touch with our ProAdvisors team at +1(800)880-6389. We will be more happy to help you out in this. Thanks for giving your precious time to this post.