What's New in QuickBooks: A Guide to the Most Recent Updates
QuickBooks regularly rolls out new versions containing valuable updates and features. Whether you use QuickBooks Desktop or QuickBooks Online, staying up-to-date is important. Falling behind on updates can mean missing out on something useful for your business.
In this guide, we will highlight some of the key improvements in the latest QuickBooks releases. Knowing what's new can help you determine which version to upgrade to and understand the benefits.
QuickBooks Desktop 2021
For QuickBooks Desktop, one of the most significant recent updates was the 2021 version. Here are some of the notable changes that users gained in this release:
Improved Search Functions
QuickBooks 2021 introduced an enhanced search engine that delivers more relevant results faster. You can now search within specific transaction types, dates, names, and amounts. The improved search makes it easier to locate invoices, bills, purchase orders and other business documents.
Redesigned Reconciliation
Reconciling accounts is simpler in QuickBooks 2021. The new reconciliation window provides more sorting options and an easy way to group similar transactions. You can also preview reconciliation reports before finalizing.
Customizable Home Page
The Home page inside Upgrade QuickBooks Desktop is now more customizable. Users can add custom icons and rearrange sections to personalize their workflow. QuickBooks 2021 also added helpful forecasting widgets to the Home page for insights at a glance.
More Invoice Customization
Generating professional invoices is easier thanks to new customization options and templates in QuickBooks 2021. You can now preview customized invoices before sending them out.
QuickBooks Online Advanced 2022
For QuickBooks Online users, the Advanced version received a major update for 2022 with new features like:
Improved Invoice Workflow
You can now set up rules to have QuickBooks Online Advanced automatically approve invoices based on certain criteria. This is helpful for speeding up billing workflows as your business grows.
Enhanced Transaction Search
Searching transactions in QuickBooks Online Advanced is now more powerful with additional filters, saved searches, and the ability to search within related transactions. This makes it faster to find payments, invoices, and other transactions.
Visual Workflow Creator
The new workflow creator allows you to visually map approval processes, follow-ups, and other sequences. This makes it easier to understand workflows.
More Custom Fields
Users can now create tailored custom fields in areas like contacts, sales orders, and purchase orders. This flexibility helps capture unique business data.
Overall, the 2022 update focused on automating workflows and unlocking more advanced capabilities within QuickBooks Online Advanced.
QuickBooks Online 2022.2
While not as major as the Advanced release, QuickBooks Online received helpful updates with the 2022.2 version earlier this year:
Improved Report Customization
More options for customizing and formatting reports have been added to improve insights. You can also duplicate and rename custom reports.
Cash Flow Projections
QuickBooks Online can now predict future cash flow needs based on past cash flow trends. This helps inform financial planning.
Partial Payments on Invoices
You can now accept and record partial invoice payments in QuickBooks Online. This is useful when clients pay invoices in multiple installments.
Sales Order Updates
Enhancements were made to sales orders in QuickBooks Online, including the ability to customize sales order status and view open orders.
Keep Evaluating New Releases
As you can see, Intuit is continually improving upon upgrade QuickBooks. The updates encompassed here are just a subset of recent changes. Keep an eye out for new releases, read the release notes, and consider updating to stay current. Up-to-date software equals access to the latest tools for managing your business finances.