The Latest QuickBooks Updates You Should Know About

Keeping your QuickBooks software up-to-date is crucial for running an efficient small business. New updates bring useful features, security enhancements, bug fixes and overall improvements. In this article, we will discuss some of the latest major QuickBooks updates that users should be aware of.

QuickBooks 2021 R8

Released in September 2021, QuickBooks Desktop 2021 R8 contains over 140 new features and improvements. Some highlights include:

• Improved reconciliation - The reconcile window has been redesigned to make matching transactions easier. There are now more sorting options and a "group similar" feature.

• Better search - Search has been enhanced to deliver more relevant results. You can now search by date range, keyword, name, transaction type and more.

• More customization - You can now customize the icons in the Home Page section. There are also more customization options for forms.

• Online payment enhancements - Accepting online payments is now easier with features like automatically emailing payment receipts to customers.

This release focuses on fine-tuning QuickBooks Desktop to boost user productivity. It's recommended for any business using the 2021 version.

QuickBooks Online Advanced 2022

In August 2022, Intuit launched a major update to QuickBooks Online Advanced, their cloud-based solution. Here are some highlights:

• Improved invoice automation - You can now set up rules to have invoices automatically approved if they meet certain criteria. This saves time and speeds up invoicing.

• Enhanced transaction search - Searching for transactions is now more flexible with new filters for date, status, amount and more. You can save custom searches too.

• More custom fields - You can now create tailored custom fields for contacts, sales orders, purchase orders and more. This allows capturing unique business data.

• Visual workflow creator - The new workflow creator lets you visually map processes like invoice approvals and customer follow-ups.

This update includes advanced features for businesses managing more complex workflows. If you feel QuickBooks Online is too basic, upgrading to Advanced is worth considering.

QuickBooks Mac 2022

QuickBooks Desktop for Mac also received a substantial update in April 2022. Here's an overview:

• Improved invoice creation - Generating professional invoices is easier with new built-in templates and the ability to preview invoices before sending.

• Enhanced profit & loss reporting - There are more options for customizing profit and loss statements for better insights. You can also compare across years.

• Better multi-monitor support - QuickBooks now works better with multi-monitor setups. You can have reports open on one screen and data entry on the other.

• Visual rent and lease tracking - The new rent and lease tracker provides a calendar view for tracking lease payments and end dates.

For Mac users, these improvements make QuickBooks Desktop upgrade more intuitive and Mac-optimized. Updating can help you save time on critical tasks.

QuickBooks Payroll 2022

Along with the main software, QuickBooks Payroll receives regular improvements as well. Notable changes in 2022 include:

• Direct deposit for employees - Employees can now sign up for direct deposit payroll through a self-service portal. No more paper checks.

• Expanded payments capabilities - QuickBooks Payroll now integrates with QuickBooks Payments for easier payroll tax payments.

• Enhanced mileage tracking - Mileage can be automatically tracked using a mobile device, saving time on payroll preparation.

• On-demand pay for contractors - Contractors can now choose to get paid instantly when they complete a shift or project.

These updates simplify payroll processes. If you handle payroll through QuickBooks, the 2022 version is likely a must-have update.

Regularly Updating Matters

As you can see, Intuit makes meaningful improvements to QuickBooks with every update. Keeping up-to-date ensures you benefit from the latest features, security protections and performance enhancements. Be sure to review software update notifications and install major releases. Outdated software leads to missed opportunities for better financial management.