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QuickBooks Enterprise Mid-Year Release Adds Some Great Features

I usually don’t get too excited about in-between releases, but some recent changes to QuickBooks Enterprise are worth knowing about.

Here are my favorite upgrades:

  • 1.Multiple by Quantity in Cost and Custom Field Columns. For the first time ever, we can calculate fields in QuickBooks. You can now multiply the cost column and the numerical custom field columns by the quantity column. For example, say you need to know the weight of an item for shipping purposes. When I create the Cost entry, I simply create a custom field for weight. I can then include the weight category on the total, and it will subtotal the total weight.
  • 2.Accountants Tool. This feature allows you to give an external accountant a role to do things, such as reclassify transactions, write off invoices and troubleshoot prior account balances. QuickBooks had taken the feature away in release 15.0, but to our relief, it’s back.
  • 3.Advanced Reporting Additional Templates. We love the advanced reporting tool introduced last fall; Intuit has now added two report templates to get started: the Item Sales Forecasting will predict future sales based on historic data, while the Sales Profitability dashboard will also be handy, an at-a-glace feature showcasing the cost of products and/or services and goods sold.

If you’re curious about what else changed in the 2015 QuickBooks R6 Release, check out Charlie Russell’s article on the Sleeter Report. As always, we’re here to help you upgrade if you need it.

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About Marjorie Adams

Our head QuickBooks trainer and guru, Marjorie Adams, is Founder and CEO of Fourlane, Inc., an award-winning consulting firm and Intuit’s #1 QuickBooks Reseller Partner. Fourlane’s team of experts offers several QuickBooks oriented services including consulting, training, programming, integration, and more. Over the years, Fourlane has helped over 10,000 customers across many different industries with their QuickBooks accounting software. Marjorie Adams is considered one of the top QuickBooks trainers in the country. She was listed on CPA Practice Advisor’s 40 Under 40 in 2014 & 2015, and has been recognized as Intuitive Accountant’s 2015 QuickBooks Desktop ProAdvisor of the Year. Marjorie sits on Intuit’s VIP Program, is a frequent contributor to Inuit Accountants News Central, and has developed Intuit’s QuickBooks Enterprise Certification training. She has also been published in The Wall Street Journal, Forbes, BusinessWeek, American Express Open, the Huffington Post, and Inc. Magazine.

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