What’s New with QuickBooks 2012 – on Sale Today (09/26/11)

Posted by on Sep 26, 2011 in News Updates | 5 comments

I can remember my first encounter with QuickBooks in 2000, and let me tell you from that point till now, this #1 best-selling accounting software in North America, has really developed into a giant for small to medium size companies. With QuickBooks 2012 to go on sale today, there are some new features for everyone, no matter if you are the owner, bookkeeper, accountant or ProAdvisor.

As QuickBooks has become the centre for all your daily data use, it makes sense that Intuit would incorporate a calendar that you can use instead of your Outlook, Google or whatever you currently use for your calendar. As Intuit themselves says “Access an organized, auto-populated calendar view of appointments, to do’s and important business tasks, such as invoice and bill pay deadlines.” I’m all for having this along with my accounting data – all in one place.

The following are some tasks that you will able to complete from your Customer and Report Centre.

– Lead Centre: Track prospective customers in one place, making follow up easy.

Document Centre: Store and manage documents, such as contracts, proposals receipts on your computer. Easily attach documents to forms, such as invoices.

      – Inventory Centre: Centralize inventory tasks, items and reports for fast and easy access. Available in QuickBooks Premier 2012 only.

I have yet to use this Excel Integration Refresh, but I’ll say this, anything that helps in the exporting, specifically formatting and that updates reports – is a huge welcome to me and my clients.

Contributed Reports – as stated by Intuit, they now have a library of  1,000 custom, user-generated reports by industry, rating and popularity. Populate reports with QuickBooks data in just one click.

This was so needed what with the limited reports that QuickBooks has had for over a decade.

You know the repetitive steps that you are constantly doing like timesheets for employees that work the same hours at once, re-entering data for customers in different transactions forms and billing customers all at once for your services rendered – well check out what Intuit says about that.

Batch Timesheets: Create timesheets for multiple employees or vendors who work the same hours at once.

     – One-click Transactions: Eliminate the need to re-enter customer data into different transaction forms.

     – Batch Invoicing for Time and Expenses: Bill multiple customers at once for services rendered. Available in QuickBooks Premier 2012 only.

Accountants 2012 version. In my experience I have not run across to many external accountants (non ProAdvisors) that work with or have enough knowledge, to incorporate QuickBooks Accountant version to its maximum use. If they did, they would realize the potential of time saving devices that are at their fingertips.

I mean, you would think that saving time would be at the top of their list when servicing customers.

Here are some new features that Intuit has listed:

     – Accountant Center: Aggregate all accountant functions to make navigation easier and gain faster access to key accounting tools.

    – Period Copy: Create a copy of a client’s data file for a specific date range, making the file smaller and easier to send.

    – Starter Copy: Save time setting up new clients by using an existing company file as a template with Create from an Existing Company File. Copy over company preferences, chart of accounts, sales tax items and codes.

I particularly am interested in the Starter Copy, with the ability to use an existing company file as a template, instead of having to manually set one up, along with the preferences, chart of accounts, sales tax items and codes. Anything that saves the Customer time – which is money, is what we should all be working towards in this global economic crunch.

All in all, this looks like some much needed additions to an already great little accounting package. Way to go Intuit!

Now if they could only address their technical support side with people we can understand, and that don’t cut us off when they are unable to deliver an answer. How frustrating is that!

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5 Responses to “What’s New with QuickBooks 2012 – on Sale Today (09/26/11)”

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