The most recent edition of QuickBooks Desktop from Intuit has a wide range of benefits to make simple accounting operations possible. New cutting-edge features are incorporated into QuickBooks desktop 2023 to enhance the productivity and efficiency of this accounting program. This new edition includes security elements which make the program seamless and error-free.
New Features In QuickBooks Desktop 2023
Categorizing Inventory.
This updated edition of QuickBooks Desktop gives customers the option to categorize the goods in their inventory to help them maintain their data well-organized. This offers users a significant reprieve. Users need not manually browse through a single list looking for particular items. This function is very useful for running reports and users can save their data in their own personalized categories.
Distinct expiration dates field
QuickBooks Desktop 2023 features a separate option for expiration dates to eliminate the difficulty caused by mixing the expiry dates of items with their lot numbers. This enables users to quickly look for the items that match to their expiration dates and readily produce reports based on them. Users are discouraged by this new feature from unintentionally selling expired items. Additionally, QuickBooks Desktop 2023 enables users to apply suitable discounts to items that are about to expire.
Tracking mileage of your company trips
Users can track mileage of their company trips, thanks to a brand-new exciting feature in QuickBooks Desktop 2023. This feature shall undoubtedly make it easier for users to claim tax deductions. This is possible through the QuickBooks mobile application. Once the mileage has been entered, QuickBooks Desktop may import it and verify it. It is important to know that the new QuickBooks mobile software can be downloaded through the Apple software Store and is compatible with iOS devices.
Monitoring your business finances via the Cash Flow Hub
The Cash Flow hub in QuickBooks Desktop 2023 is a useful tool for keeping an eye on your company’s financial state. This feature enables users to keep a closer eye on company-related transactions and aids in the orderly and hassle-free management of your company’s finances. Users now have a simple method for handling any past-due payments. Additionally, you may add additional accounts to the list of monitored accounts via the cash flow hub.
How to access Cash Flow Hub?
Through the Company tab, users can quickly access the Cash Flow Hub. The shortcut on the Home Screen sidebar provides another easy route to this function.
Inclusion of Payment links
Users of QuickBooks Desktop 2023 can frequently request to make payments through payment links. Users may now send a payment link for the transaction and then get the associated invoice.
Convenience in transactions across different company files
Users of QuickBooks may now issue checks and bills for multiple company files. This is advantageous for users who often do business using distinct but shared company files. Significant time will be saved, and there will be no space for any human error.
Easy Creation of approvals for bills and PO
Users can trace all of their previous approvals and manage their approvals for bills with ease. By actively participating in the company’s activities, they may easily delegate tasks to others.
Optimizing Reports
In earlier versions of QuickBooks, assembling huge company files was a laborious task. However, QuickBooks Desktop 2023 makes it simple to compile and optimize company files that are larger than 300 MB. In comparison to earlier QuickBooks versions, the reports will load more quickly. This functionality is exclusive to QuickBooks Desktop 2023 in the R1 edition in the United States and Canada.
Bank Connectivity
The bank connectivity in Desktop 2023 is amazing. As opposed to earlier versions of the QuickBooks, users may now connect to a large number of banks. Furthermore, there won’t be any regular network outages or technical difficulties interfering with the communication to the bank’s server.
Procedure to enable Banking connectivity in QuickBooks Desktop 2023
- Select the Banking menu item.
- Go to Bank Feeds.
- Choose your bank or financial institution.
- Confirm the link.
- Your bank-related transactions are now available for download.
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Numerous innovations are encapsulated in QuickBooks Desktop 2023 to improve user experience and for boosting the company’s efficiency. This article elaborated on QuickBooks Desktop 2023 and its various updated features. You can call our QuickBooks professionals anytime at 1-800-761-1787 for technical assistance.
