This version of QuickBooks® software includes several new and improved features. In this article, we will give you a brief overview of these features. So you can decide if upgrading to QuickBooks® Desktop 2021 is right for you. If you need to talk to a consultant about QuickBooks® software to discuss the pros and cons of upgrading to the latest version, schedule your consultation with us today.
New and improved features – QuickBooks® Desktop 2021:
Automated Statements – You can now use payment reminders to schedule statements for your customers. You can also set up reminders to let them know when they need to pay outstanding invoices. Once set up, QuickBooks® Desktop will notify you when your statements or invoices are ready to be sent. You can then review and approve the statements and invoices before sending them out. Learn more about how to set up these payment reminders here.
Receipt Management – You can now better manage your receipts using the QuickBooks® Desktop 2021 mobile app. Just take a picture of your receipt and upload the digital copy of your expense receipt into the system. You can also now categorize and record multiple transactions at the same time.
Customer Groups – This feature allows you to easily segment your customers into groups. Some examples of segmentation criteria include location, customer type, or the customers’ status. Once you’ve created your customer groups you can automate your statements, payment reminders, etc.
In QuickBooks® Desktop Enterprise 2021 you can also create groups for suppliers.
Learn more about creating customer groups in QuickBooks® Desktop 2021 here.
Customized Payment Receipts – Now you can create custom templates for your customer statements, invoices, estimates, sales receipts, and purchase orders. This feature allows you to customize these form templates to get the desired look and feel you would like for your brand.
A few examples of how you can customize these receipts include:
- adding your logo,
- changing the fonts and colors on your form templates,
- and changing the company and transaction information.
Learn more about customizing your form templates in QuickBooks® 2021 here.
Improvements to Bank Feeds – Use Batch editing, improved matching, and more enhanced rules to automatically categorizing your bank transactions. Increase efficiency with enhanced rules that allow you to search for, and define categorization criteria.
Improvements to PDF invoice and attachment review – Now you can confirm the accuracy of your email contents from within QuickBooks®. Save time by previewing your invoice and attachments from the Send Invoice view in QuickBooks®.
Improvements to Payroll liability reminders – Easily set up a payroll liability payment due reminder in your natively installed calendar application. Or you can save a file and import it into your calendar tool of choice.
Improvements to Payroll Setup – You are now able to complete the historical payroll set up more efficiently. Small business owners can now invite their employees to securely fill in their own personal information.
Improvements to Auto matching for customer merchant payments – This feature allows QuickBooks® Desktop merchants to auto-match all payments to their accounting records every time. The majority of your downloaded payment transactions will automatically be assigned to the proper open invoice. Here’s some more good news – Credit card payments are deposited the next day into the merchant’s account; no extra fees or merchant action required!
Are you looking for a more in-depth overview of upgrading to QuickBooks® Desktop 2021? Don’t hesitate to contact CTO Associates for a complimentary initial consultation today.
Should you upgrade to QuickBooks® Desktop 2021?
There are several factors to consider before making an upgrade decision. If you are on a supported version of the software, and still have access to technical support, and security updates then you may not need to upgrade right away.
Are you on QuickBooks® 2018 or an earlier version of the software? If you answered yes, then support for your software will expire soon. Our official recommendation is to stay on a supported version of QuickBooks®. So you can keep getting access to technical support, security updates, and access to QuickBooks® Payroll.
Did you make a one-time purchase of the software? If yes, then you may want to evaluate the benefits of upgrading to QuickBooks® Desktop 2021.
Note: If you’re an annual subscriber, you’ll automatically be updated to the latest version and will be able to use all of the new software features.
Need consulting support for your QuickBooks® software? We’d love to help. Contact our team to schedule your complimentary consultation today. We look forward to answering your questions.
Learn more about CTO Associates here.