New & improved features in QuickBooks Desktop Premier 2018

QuickBooks Desktop Premier 2018 focuses on new and improved features that help accountants and their client complete tasks with less effort.

In this substance, we discuss some major changes in QuickBooks Desktop Premier. Also see here: What’s New in QuickBooks 2019?

New in QuickBooks Desktop Premier2018

Multi-monitor support:

It increases your productivity by going from stretching QuickBooks across monitors to utilize larger display areas to having to span QuickBooks on multiple monitors. In addition, messages and dialogues will appear on the respective monitor and help users avoid confusion amidst workflow. Also, user-friendly keyboard shortcuts are now available to move windows across the screen seamlessly and efficiently. Read more about it here Multi-Monitor Support features in QuickBooks Desktop 2018.

Inventory report:

It customizes your critical data reports for inventory stock status, assembly shortage by item, and inventory valuation summary. Read more about it here Enhanced Inventory report – What’s New in QuickBooks Desktop 2018. 

Search in a chart of accounts:

It saves your time through using keywords for faster search, and search by part/whole of account name/number. For the bookkeepers, accountants, and Pro Advisers, the Chart of Accounts is one among the foremost necessary lists in QuickBooks. It has a new search box on the chart of accounts window makes it easier to find and select a chart of account or sub-account by typing an account number. Read more about it here  Chart of accounts search in QuickBooks 2018 Desktop

Cash/accrual toggle:

It achieves faster assessment and management with 1-click to change between cash-based accounting and accrual-based accounting on a per-report basis in one click. It is nice enhancements that make it a bit easier to switch the basis of your financial reports.

Also see How to update QuickBooks to the latest version.

Do tasks unique to your industry quickly:

  • General Business.
  • Easily manage inventory items.

It is used to find items and complete inventory related tasks all in one place using the Inventory Center in QuickBooks.

Track your balance sheet by class:

You can use this built-in easy-to-access report to track your financial details alone by location, department etc.

Bill clients progressively by job phase:

It is useful to Track and bill clients bt time and material, job phase, everything excellent for your unique business.

General Contractor:

Create’Jobs by Vendor’ report

It arranges your job cost by the vendor, and look which vendors still need to be paid.

Create job estimates and track change orders

As job alteration simply enter alteration orders into the approximate calculation to keep track of the alteration & their impact on your bottom line.

Analyze job profitability:

Built job cost reports allow you to look for a job’s profitability on a detailed and task-by-task level.

Manufacturing & Wholesale:

Track inventory record point by the vendor

It is useful to track inventory and set optimal inventory levels. Further, it runs a report showing items that need reordering.

Track profitability by product

Regularly keep track of your largest moneymakers so you will know which products to advance and keep in stock, and which to drop from your line.

Easily prioritize which orders to fulfill

You can look at all open sales orders and prioritize them how you want. Immediately look which orders can be shipped and which can not.

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Nonprofit:

Create end-of-year donation statements

You can track their contributions and also, you can look who your largest donors are.

Create Form 990 (Statement of Functional Expenses)

Presently, recognize your expenses for performance to your board, major donors, and the IRS.

Run donor contribution summary report

You can track easily each donor’s contribution complete as wanted.

Professional Services:

Track unbilled time and expenses

You can easily send an invoice in just a few clicks. Also, you can look at all the clients with unbilled time and expenses by employee, project, client or service on a single screen.

Set different billing rates by employee, client, and service

Presently, Pay and achieve paid the right amount by quickly and easily set different billing rates.

Analyze profitability by project and client

Suggestion by project, Cost-to-Complete by job Costs by Job & Vendor help you stay on top of which projects are most profitable. Reports like Billed vs.

Retail:

Easily track sales results

Arrive complete payments and taxable/non-taxable sales for the day, week, or any time period you choose. It also tracks sales accurately & flexible with sales summary form.

Stay on top of inventory and costs

Presently you can easily track inventory and set reorder points.

Run a profit and loss report

You can easily contrast one month’s profit and the loss against another.

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