Every year, Intuit launches its newer version of QuickBooks software, which is one of the most preferred accounting software. Intuit comes up with some adds to the features and functionalities, which makes QuickBooks a seamless software. The newest release is the QuickBooks desktop 2020, which is designed and developed in a way that has the capability to take the business to new heights. The launch time is certainly the favorite times of the year for QB users and they are excited to follow up what’s new in the new version.
So, to update you with the features that roll in with QuickBooks desktop 2020, we have come up with this article. Make sure to stay tuned with this article till the end. Or you can also get in touch with our certified accounting professionals and they will answer all your queries. Directly connect with our accounting experts using our customer support line i.e. 1-800-761-1787.
You can read also: Steps to Set up and use class tracking in QuickBooks Desktop
Brief into QuickBooks desktop 2020
QuickBooks desktop 2020 was release on September 20th, 2019. Intuit launched QuickBooks Pro, Premier, Accountant, and Enterprises 2020. Whereas, the enterprises software is available in here different versions: Silver, Gold, and Platinum. The platinum version comes with all the features of the other two and also some added attributes. This 2020 version of QuickBooks boasts various features and improvements. We will be discussing the features introduced in the new version later in this post.
QuickBooks Desktop Enterprise Plans and Pricing
As mentioned earlier, the QuickBooks Enterprise software is categorized into:
- QuickBooks Desktop Enterprise Silver
- QuickBooks Enterprise Gold
- QB Desktop Enterprise Platinum
And the prices for each varies and as one moves from silver to gold or platinum, a slight or visible increase could be seen.
QuickBooks Desktop Enterprise Silver Edition
The QuickBooks enterprise silver pack is the lowest edition of QuickBooks Enterprise, which comes with necessary features, but might have restricted choices. This version doesn’t come with enhanced payroll, advanced inventory, and pricing feature, which can be seen in the other two editions. It includes the following features:
- Handle customer support
- Online storage facility
- Special benefits under the priority circle customer loyalty program
- Automatic product up-gradation
- Advance reports
QB Enterprise Gold Edition
Now comes a slightly higher version of QuickBooks enterprise is QuickBooks enterprise gold, which is not only higher in terms of prices but also in terms of features.
- Hand payroll process or any number of users
- Creating unlimited of paychecks
- Direct payment to worker without any extra charges
- Calculating tax as per the taxation rules
- Generating W-2 forms on its own
- Paying payroll taxes in time without any penalties
QuickBooks Enterprise Platinum Edition
The advanced edition of QuickBooks enterprise is the platinum version. It comes up with all the features involved in the gold and silver packs and also some additional features.
- Advanced pricing feature
- Advanced inventory feature
Comparing QuickBooks Enterprise version on the basis of their prices
|No. of Users||Silver QuickBooks Desktop Enterprise||Gold QuickBooks|
|Platinum QuickBooks Desktop Enterprise|
|1 User||$1155/year Annual subscription*||$1502/year Annual subscription*||$1848/year Annual subscription*|
|2 Users||$1848/year Annual subscription*||$2195/year Annual subscription*||$2541/year Annual subscription*|
|3 Users||$2310/year Annual subscription*||$2657/year Annual subscription*||$3003/year Annual subscription*|
|4 Users||$2772/year Annual subscription*||$3119/year Annual subscription*||$3465/year Annual subscription*|
|5 Users||$3234/year Annual subscription*||$3581/year Annual subscription*||$3927/year Annual subscription*|
|6 Users||$3581/year Annual subscription*||$3927/year Annual subscription*||$4274/year Annual subscription*|
|7 Users||$3927/year Annual subscription*||$4274/year Annual subscription*||$1848/year Annual subscription*|
|8 Users||$4274/year Annual subscription*||$4620/year Annual subscription*||$4967/year Annual subscription*|
|9 Users||$4620/year Annual subscription*||$4967/year Annual subscription*||$5313/year Annual subscription*|
|10 Users||$4967/year Annual subscription*||$5313/year Annual subscription*||$5660/year Annual subscription*|
|Up to 30 Users||$7277/year Annual subscription*||$7623/year Annual subscription*||$7970/year Annual subscription*|
Latest Features of QuickBooks Desktop Enterprise 2020
Below is a list of new features of QuickBooks Desktop enterprise solutions edition in detail:
Scheduled Customer payment reminders (Get Paid Faster)
This feature basically allows to create emails to send reminders to the customer for making payments against the invoices. You are free to create different types of mailing lists for various clients. Also, this feature allows to customize messaging and change them according to the delay in invoices. Multiple reminders can be set depending on the number of days the invoices are due. When you access QuickBooks file, you will get the total control to review the invoices before sending them to final client. Not only this, you will also get to know if the client has seen the email and trail from the final payment.
Make purchase order as subject line
The new desktop 2020 version can help you in putting the customer’s order number as the email’s subject line and along with that, you can also attach the invoice. This will enable the client to spot the email by purchase order and also they would not have to waste time in browsing through every attachment in the inbox.
Read it also: Features Discontinued in QuickBooks Desktop 2022
The express pick pack feature of QuickBooks desktop 2020 will let you to assign the picking and packing jobs to the same person, which will further simplify the process up to a certain extent. For this you will have to move to the customers and select sales order fulfillment worksheet. And then you will have not have to manage to deliver the sales order, as it will go to the right section ready to assign on its own.
Landed cost calculation
The newest version of QuickBooks eases the process to calculate the landed cost. The real cost of a product sold normally carried shipping, freight, and other related expenses that are incurred during sales of the product. The added cost components can be included in the cost of the item while it is sold, and then you will get the accurate margin reporting.
Employee self-setup (Easy payroll setup)
This is a newly introduced feature in QuickBooks desktop enterprise 2020 version that will have an option to invite employees to update their details, bank details, and tax related details via secure link. You will have to add an employee and an invitation email will then be sent to him to furnish the payroll details.
You now get a centralized center to manage and handle vendor contact and cost data. This feature will help you to add alternative vendors for item codes. This feature is only available for enterprise users in the united stated and Canada. To use this feature, you will have to move to the vendor center and then click on the item’s options. You can also use alternative vendors to assign items to a particular vendor.
While checking a purchase order, you will have a button to compare vendors and then select the appropriate option to purchase comparing item rates or vendor pricing.
Payroll status for direct deposit
You can find out the status of direct deposit inside QuickBooks desktop 2020 version. And then move to the employees and then click on the view payroll run status.
Company file search becomes easy (After an upgrade)
The QuickBooks desktop 2020 will help you to find the company file in a swift manner. It can save a significant amount on time and help in being more productive.
QuickBooks upgrade becomes easier
This feature introduced in the 2020 version allows to upgrade to a newer version with much ease. You will have access to relatively better pricing, if you makes purchase through local QuickBooks product expert.
Related Post: How to install QuickBooks Enterprise for the first time?
Improved smart help option
You can simply access improved smart help feature while working on a QuickBooks company file. All you have to do is to click on the F1 key and then select the help option and then select the QuickBooks desktop help from the menu bar. This will offer relevant assistance to complete tasks with much ease. And also, this feature permits accessing Intuit help content and community content. Enterprise users can also access the chat support.
Combine multiple emails with this feature
The combine multiple emails feature can only be accessed to non-payment customers and with this, you will be able to combine all forms in one email. You will simply have to click the option while composing the email and the subject will read transaction from (your company file name). If you are having the United stated, and UK or Canada version, then this feature can be easily accessed.
Horizontally collapse columns in class reports or jobs
If you want to hide/unhide multiple columns in a report, then it is possible with QuickBooks desktop 2020. No need to export long slow reports to MS excel for customizing columns to be displayed.
Tracking all financial transactions
- Tracking sales, taxes and customer payments
- Accepting credit card payment in QuickBooks
- One get time to time technical support, and product expert
- Online backup and data protection
- Accessing from anywhere, anytime, and device with hosting subscription
- Working in multi-user mode
- Work in two company file at the same time
- Tracking fixed assets with fixed asset manager
- Creating a customized financial report with the help of Intuit statement writer
- Up to 115 users can get permission to access sensitive information
QuickBooks Desktop for Mac 2020 – New & Improved Features
Checkout the latest and improved features of QuickBooks desktop for MAC 2020.
This feature aims at refreshed reporting structure that improves customization usability, presentation, and navigation. This feature allows you to create customized reports and enable Real-time report updates with much ease.
The dark mode feature aims at the compatibility to use the dark mode user interface offered in Mojave operating system. You can easily customize the viewing mode within QuickBooks desktop pro for Mac.
The iPhone scanner feature saves time and money by using the iPhone camera to quickly scan key documents. Also, spot the text in photographed bills, receipts, invoices contracts etc.
Bounced check processing
The bounced check feature easily processes the bounced checks and that too while maintaining its authenticity. You can easily handle the bounced checks with least possibility of mistakes. And also save money for hiring accountants to correct wrongly recorded bounced checks.
Inventory cycle count
This feature is included with QuickBooks desktop enterprise 19.0 maintenance release R3 or newer Gold, Silver, or Platinum subscription for using cycle counts with Microsoft excel. It should be noted that to use a mobile device with cycle counts requires Advanced inventory. This can be accessed from menu bar and then selecting inventory and cycle count tab.
With the help of this feature, the QuickBooks enterprise adds additional inventory management efficiencies, depending upon the amount of inventory a company has to manage. Cycle counting is counting a small subset of the inventory products in stock, in contrast to a traditional physical inventory count where operations are halted to count all the inventory items in stock. Cycle counts are less disruptive to daily operations, providing an ongoing measure of inventory accuracy and can be tailored to the specific high value inventory items.
Inventory cycle count work-flow summary, using a mobile scanning device:
- The Enterprise user can create a cycle count by selecting inventory items
- And then the selected items are sent to connected device in the warehouse
- The warehouse user counts and scans the quantity on the mobile device. The counted quantities are sent wirelessly back to the enterprise file for each item
- The enterprise user will select which counted items to add to the automatically populated inventory adjustment transaction. Enterprise user approves the details and saves the record
- The Enterprise user makes the cycle count as closed
Enhanced company snapshot
You can get more visibility into the business with a centralized dashboard that offers customizable data ranges, layouts, and widgets. You will also able to configure the information shown, to have exactly what you need without running multiple report.
You can get paid faster by accepting ACH, credit card, or e-check invoice payments. You will also save a lot of time by having manually recording and processing payments.
QuickBooks desktop enterprise 2020 has come up with a plenty of features, which we have discussed in this post. At the end of this post, we expect that the information shared in above might have helped you in knowing about the enterprise solutions 2020.
However, if any of your queries remained unanswered, then reach our to our QuickBooks enterprise support team with the help of our dedicated support line i.e. 1-800-761-1787. Our U.S. based professionals are available round the clock to provide the best possible assistance in a single call.
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