What’s New in QuickBooks Desktop 2018

A question clients often have is: Should I upgrade to the latest version of QuickBooks? The answer is yes, especially if your current version is older than three years, or if you could benefit from the latest features. There are a bunch of new features presented around this time each year, as well as improvements throughout the year that can be set to download to your desktop, so if you’re on the desktop version, then you may want to upgrade soon.

You may already know this, but Sound Business Services can get you a better price on QuickBooks than you can get yourself … and we have the expertise and know-how to help you install it correctly, the first time.

If you’re on QuickBooks Online (QBO), the version you’re working on is the latest version because QBO is cloud-based. That means it’s constantly updated without having to install anything new. While we definitely encourage our clients to move to QBO, we also know there are a lot of companies that prefer to stay on QuickBooks Desktop.

So, if you’re one of those companies, here’s a list of the new features in QuickBooks Desktop 2018. Note: features are available on most versions of QuickBooks Pro, Premier and Accountant 2018, as well as Enterprise 18.0. Again, we can help you sort out your upgrade.

  • Multi-Monitor Support: You can now move individual QuickBooks windows to as many as three connected monitors. This is a great feature to be more efficient and also gain more space to work.
  • Payroll Liability Payment Reminder: One thing you never want to get behind on is payroll; this new feature is a great reminder.
  • Past Due Stamp on Invoices: Serves as a trigger for unpaid invoices – “Past Due” shows up in red.
  • Merge Vendor Records: Provides a consolidated window to identify and merge duplicated vendor records.
  • Copy-Line and Paste-Line Keyboard Shortcuts: Now, you have a way to work with transactions that require repeating rows of information, with new keyboard shortcuts that help you save time.
  • Cash/Accrual Toggle on Reports: Toggle displayed reports between cash or accrual basis.
  • Sales Order Fulfillment Window: Provides access to picklist details on a mobile device that’s connected wirelessly to a QuickBooks Enterprise file with Advanced Inventory (Available on Enterprise only).

There are also three “improved” features in the 2018 version:

  1. Updated Email Security
  2. Mobile Inventory Scanning
  3. Inventory Report Customization

As you can see, QuickBooks Desktop 2018 is definitely worth the upgrade. Anything that will make your life easier and enable you to spend more time working on your business than back office operations is worth checking out!

Contact us today if you have questions and/or need upgrade information. We’re here to help.

Special thanks to Intuit’s Firm of the Future Blog for providing the source for this article.

Microbusinesses: Too Big to Fail

For years, people have counted out microbusinesses, saying they are too small to succeed and envisioning them getting crushed by the heavy hitters like Walmart. But, in reality, they’ve done quite the opposite, exploding onto the U.S. economy and making a positive impact on society.

In fact, according to a 2015 report by the Association for Enterprise Opportunity, the trade association for U.S. microbusiness development organizations, there were 25.5 million microbusinesses in the United States, employing 31 million people, which accounts for nearly 90 percent of all U.S. businesses.

Microbusinesses typically have revenue of less than $5 million, fewer than five employees, and are independently owned and operated. They include extremely popular services such as Uber and Airbnbs, as well as freelancers, consultants, musicians, mom and pop stores, boutique shops, a sports trading card company selling on eBay, and much more. They offer the flexibility, equality and opportunity that many big businesses don’t, while also providing much more individualized customer service and quality by focusing on a certain niche that enables them to be marketable, enjoy less competition, and take advantage of their knowledge and skillset.

However, microbusinesses have the same compliance and tax needs just like other businesses. They need 1099 reporting, audit preparation, payroll tax compliance, employee expense reporting and so much more. However, unlike larger companies, any economic hit from tax or compliance complications can spell their doom.

At Sound Business Services (SBS), we can help microbusiness clients with many bookkeeping and compliance issues. Many of our clients are microbusinesses, so we know your pain points and can provide you powerful solutions to take your business to the next level. This includes helping you understand your cash flow and turning data into actionable results, diving into the amazing technology of the cloud and QuickBooks Online, and finding the apps that you need to succeed.

We also know that as a microbusiness, you may require some flexibility and attention. SBS gives all their clients the same attention they need and deserve – there are no big or small fish! We have plans that even a microbusiness can afford, and we can grow with you as you grow.

Contact us today with any questions about your microbusiness, or to get the ball rolling. We are always here to help!