September is surely the most exciting month for each and every QuickBooks user as in this month, every year; a new edition of QB is launched. QuickBooks is used by millions of people all around the world and everyone waits for the new edition of QB which comes with the latest features and improvements.
Last year, the amazing QB 2019 edition came with various new features and improvements which surpassed the expectation of every QB user. And now this year, the new QB 2020 has come with exceptional improvements and added features.
The QB 2020 release is more focused on enhancing automation which will further minimize the manual workload. There were many predictions and stipulations going on with the features of the latest edition and it looks like, QB will not disappoint any of its users. So without wasting any more time, just quickly jump into the new features and improvements of the new QB 2020.
New features and improvements for speeding up the payment process
Scheduled Payment reminder
One of the best features added to the new edition is now the user can create emails to remind customers to pay their invoices. Through this feature, you can create a different mailing list for different types of customers. You can create your own messaging which will change on the basis of how many days of delay there is in the invoice. In addition to this, you can create multiple reminders on the basis of delay in the invoices.
You can easily go through the invoices before they are emailed after logging in to the QuickBooks file. One of the best parts of this added feature is the ability to see if the recipient has opened your email or not. This will speed up the payment process and minimize the number of pending invoices. You will find this new feature in the Customers option from Menu. In the customer option, you will have to choose Send Payment reminders.
Add PO in the subject line of the email
This new feature will also speed up the payment process for the user. Now, in QB 2020, you will find a new feature through which you can easily add the purchase order number of the customer in the subject line of the email. Through this feature, the customer will be able to search for email on the basis of purchase order and they will not have to go through the hassle of opening every attachment in order to see or find the purchase order.
New features and improvements for boosting the speed of work
Collapse columns in reports for both classes and jobs
The previous button for expansion and collapse has now been replaced by two new buttons. One of these buttons allows you to collapse rows and the other one for collapsing columns. The added buttons will help you in expanding and collapsing the job or class as per your need and just by clicking the plus and minus sign.
You don’t need to go anywhere else for accessing support as now, it can be done from within the QuickBooks itself. You will get a smart window just by clicking on Help> QuickBooks Desktop Help. If you are in a particular area of the program like invoices then the smart window will say frequently asked searchable questions. But if the revamped database is not able to answer you then you don’t need to worry as can still get a call back, ask the community or chat with experts. Even the content of the Help section has been improved in order to assist the user in a much better way.
Now in QuickBooks 2020, you will get the option to easily upgrade to a new version. Whenever a new version of QB will arrive, this new feature will give you the option of upgrading to the latest version from within the QuickBooks.
Seamless file search
Now finding files in QB will become much easier as the new option of file search in the No company option screen will save you tons of time.
Easier admin password reset
In this new feature of QB 2020, you will not need to fill in a long list of information for resetting the company file admin password. This information was required to make sure it was you who is changing the password but now a much easier method of verification has been added. In this new method, you will just have to pick your email from the drop down list of registered email with QB and then enter the token that you will receive for resetting the password.
Employees self setup
You will now have the option to invite employees for updating their personal, bank and tax details through a secure link. After adding an employee, an email will be sent to invite them so that they can complete their payroll details. After that, employees will receive an email for filling out their information.
Exclusive features for QuickBooks Enterprise Platinum 2020
Through this feature, the user will be able to have a better look into actual product cost by factoring in freight, duties, insurance, and other miscellaneous costs incurred during the purchase cycle. You should know that it is a totally new feature to calculate landed cost. The real cost of goods/ inventory items can include many other changes in addition to the purchase price.
This is a totally improved way of managing your vendors. Through this feature, you can make sure that you are choosing the right vendor while buying inventory items in QuickBooks Enterprise.
Express Pick and Pack
You will now have the option of completing the picking and packing process as a part of a single workflow. This will boost up the speed of the process.