Checkout the New and Improved features of QuickBooks Desktop Enterprise 21.0 for your complex business needs
Intuit, the developer of QuickBooks, releases its latest version every year with new and enhanced features. If you aren’t aware already, you need to know that the QuickBooks desktop enterprise 21.0 has already stepped into the accounting industry. This newer release includes a lot of new and enhanced features which serve complex business needs. Well, before making up your mind to either opt for it or avoid this release, make sure that you read this article thoroughly.
In today’s article, we will be talking about the latest features introduced in QuickBooks desktop enterprise 2021 to improve efficiency for complex business needs. However, if you need our assistance at any point of time, then you can simply get in touch with our QuickBooks desktop support team at 1-800-761-1787. Our experts and U.S based certified accounting professionals will ensure to provide you with immediate assistance and the most relevant information.
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New Features that Roll out in with QuickBooks Desktop Enterprise 21.0
There are loads of newly introduced features with QuickBooks desktop enterprise 21.0. Let us explore each of the features one by one:
Improved – Data Level Permissions
This feature allows you to customize your access to view, edit, or delete from a specific group of customers, vendors, and related data. This feature improves security and confidentiality by restricting the user’s access. Here are the steps to implement enhanced data-level permissions:
- You need to at first, log into the file as the admin user. And then, from the menu bar, select the company users, and also setup users and roles. You will then have to select the roles tab. Now, edit the role or create a custom role.
- After that, you should choose the accounts receivable role and then click on the right to duplicate.
- Now you will have to type a role name with an optional description for in depth restrictions.
- Next step is to click on centers in the role access and also click on customer center.
- Once done with that, you need to click on custom and then hit edit.
- In case no customer group exits, you need to create a customer group. You can also select allow this role to new customer and then opt for permitting the assigned users of the role to view, modify, delete, etc.
The below image shows you with restricted Residential AR Customer role is making an attempt to modify a Customer record that’s assigned a Commercial customer type.
Enhanced Landed Costs Feature
Another enhanced feature of the new release is the landed costs, which upgraded from that available earlier. This basically permits you to allocate the freight, shipping and other charges, but the new and upgraded feature offers more control and flexibility in calculating and sharing landed costs. At the time of setting up landed costs feature, you get the option to select other current assets or the cost of goods sold account type in order to record the landed cost amount.
The advanced landed costs feature helps to calculate landed cost for vendor bills in closed accounting sessions. You get better control over delicate information by printing bills with or without landed cost details. This feature can be accessed by:
- At first, the user should proceed by selecting the file menu.
- And then, choose the edit option.
- Along with that, opt for the preferences tab.
- Now hit a click on items and inventory.
- And choose company preferences.
- Next step is to opt for advanced inventory settings.
- And lastly, hit a click on the landed cost tab.
At the time of setting up the landed cost feature, you can go for either Other current assets or cost of goods sold account type, in order to record the landed cost amount. However, selecting the first feature is recommended. This particular feature has been worked upon and enhanced to permit calculating the landed costs for vendor bills in closed accounting periods. The best thing about this feature is that it permits to have better control over sensitive information by printing bills with or without the landed cost details.
The below image indicates the other current asset type account being used. Moreover, the allocation account value has been reduced by the amount allotted to the inventory items, which in turn increases the inventory asset account value.
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Serial or Lot Numbers Needed on Transactions
This is a newly introduced feature that says new advanced inventory serial/lot number global preference settings, or individual inventory item settings, are needed for the entry of a lot number before the transaction is saved. Most importantly, it should be noted that this feature will release with the QuickBooks desktop enterprise 21.0 platinum subscription after R1. And earlier, it was included with the QuickBooks desktop enterprise 20.0 platinum subscription.
This feature can be accessed with the help of the steps below:
- Initially, you need to select the edit option to set the global preference from the menu bar.
- Choose the preference tab.
- Now hit a click on items and inventory.
- Select the company preference tab.
- Pick the serial/lot numbers.
- Also, select the default settings for serial/lot numbers.
- This step is optional, as you can set the requirement on the individual inventory item from the menu bar.
- By selecting the lists and the item list option, respectively.
- With the help of the cursor, you need to select the item.
- Once done with that, you need to right-click and edit.
- Also, hit a click on the serial tab on the right side.
- Followed by selecting the make it mandatory option.
Improved Bank Feeds
This feature can be accessed from the menu bar, followed by selecting edit, preference, checking, bank feeds, and advanced mode, respectively. You need to select the banking, bank feeds, bank feeds center to launch the bank feeds from the menu bar. This feature will automatically categorize bank transactions in detail with the help of enhanced rules, batch editing, and improved matching. Moreover, you will have more flexibility and efficiency with enhanced rules that allows to look for things easily.
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Batch Delete Sales Orders
This new feature helps in managing client files more efficiently by being able to batch delete sales orders that are not linked to an invoice. In the earlier release of QuickBooks desktop enterprise, the accountant option with the option to delete or void in batch, invoices, bills etc. was available. This feature can be accessed from the menu bar by selecting the Accountant > batch delete/void transactions.
New – Barcode Label Prices
This is the new feature introduced in this release, i.e. the barcode label prices. QuickBooks automatically includes the sales price on the printed barcode labels to supplement the item name and description. It also provides greater pricing visibility to customers and employees by including the sales prices on barcodes. Along with that, the shopping experience for the customer is also enhanced by giving essential pricing information on each and every inventory item. You can access this feature by:
- Selecting the menu bar.
- And then proceed by opting for the file option.
- Now choose the print forms option.
- Followed by clicking on labels.
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Improved Alternate Vendor Reports
This feature was released in the last version, and it allows you to have an information center having vendor contact and pricing data, assisting in making more informed purchasing decisions. You can easily make purchase orders with vendor information automatically included. The new release improves this feature and the experience by including the alternate vendor column in specific reports. In order to access this feature, the steps below can be used:
- At first, you need to select reports from the menu bar.
- And then use the inventory option.
- Along with that, you need to select the inventory stock status by item.
- You can also select the inventory valuation summary.
- In order to include the alternate vendor column on the displayed report.
- You need to hit a click on the customize report tab.
- Also, on the display tab, scroll to select the alternate vendor column.
Automated Receipt Management
This feature has been introduced in this release only, and it automatically creates and categorizes the receipt expense transactions in QuickBooks using the QuickBooks desktop mobile app to capture the data. With the help of this feature, you can stay organized by attaching digital receipt images to expense transactions for audit trails. You can simply use this feature as follows:
- You need to choose the vendors option from the menu bar initially.
- Choose the receipt management.
Perks of automated receipt management
- There won’t be any lost receipts after this feature, as the users and the employees can immediately take an image via their mobile app.
- Also, there is no need to stuff receipts here and there. The QuickBooks software will store digital copies of the receipts in the user’s system.
- There won’t be any need for manual data entry now, you simply have to import bank feeds faster by automatically categorizing or batch-editing the bank transactions by payees, accounts, and classes.
- This feature saves a lot of time by automatically creating categorized receipt expense entries using the QuickBooks desktop mobile app.
- Moreover, you can accurately categorize and record multiple receipt transactions at once.
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Rule Based Customer Groups
Another newly introduced feature is the customer groups, which helps in creating rule-based customer groups based on fields such as customer type, status, location, sales rep, so that one can manage and automate communications with much ease. In simple words, customer groups can be used to automate sending invoices or statements. You can make use of this feature as follows:
- First of all, select customers from the menu bar.
- And then choose the payment reminders.
- After that, hit a click on the option to manage customer groups.
- Or you can also select the lists and manage groups options.
Auto Matching for Customer Merchant Payments
The Auto matching for customer merchant payments assists the QuickBooks Desktop Merchants to auto-match the payments to their accounting records every time. Almost all of the download payment transactions will be automatically assigned to the relevant open invoice. Moreover, with the help of this feature, you can efficiently target the category of transactions that require instant attention. The best part about this is that the credit card payments are deposited the next day into the merchant’s account, with no extra expenditure or merchant action needed!
In order to access this feature, you will have to carry out the steps below:
- First of all you will have to select the menu bar.
- After that, hit a click on customer tab.
- Now choose credit card processing activities.
- And also, click on record merchant service deposits.
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This feature can be easily accessed from the menu bar by selecting the banking option and also the get financing.
PDF Invoice and attachment review
This is regarded as a slipstream release. And this new feature is available with QuickBooks desktop pro, pro plus, premier, premier plus, accountant 2020, and Enterprise 20.0 (Maintenance R5) or the latest.
This feature can be easily accessed from the displayed create invoices transaction by selecting email on the main ribbon toolbar.
This feature allows automatically previewing the invoice and attachments from the send invoice view in QuickBooks. You will now need not manually open each attachment outside QuickBooks to confirm the accuracy of the email content. This saves a lot of time for you and makes things easier.
Payroll liability reminders
This is included with QuickBooks desktop pro, pro plus, premier, premier plus, Accountant 2020, and Enterprise 20.0 or newer with an enhanced payroll subscription. This feature assists businesses to set up calendar notices to make sure that they are reminded of the upcoming payroll taxes and liability payments. Moreover, it is helpful as you can get reminders outside the software. You can hold on to the money a little longer and pay the liabilities on time instead of paying before the date. This also permits tracking the different deadlines to pay liabilities and also getting reminders in a timely manner.
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QuickBooks Tool Hub Program
Tool Hub is a one-stop solution for assistance related to troubleshooting common QuickBooks issues. You can Fix common problems and errors with the QuickBooks Desktop Tool Hub. You can download the latest tool hub program from here.
- Fix most common QuickBooks errors using the QuickBooks Tool Hub program.
- You can find all the common tools of QuickBooks in one place.
- You can fix the issues with just one click and it saves your time.
Automated Send Statements/Payment Reminders
Automated send statements is also a newly introduced feature, which will automate regularly sent statement emails, tailored to different customer needs. The statements can be reviewed and sent from QuickBooks with the help of the predefined email and templates configured during the automated statement setup. You can make use of different templates for different customer groups. In order to select the scheduled statement timing from the menu bar, you need to choose the edit tab and also the preferences tab. Also, opt for the payments option. On the assigned day and time, you will get a pop-up reminder to be sent.
To access this feature, follow the steps below:
- First of all, you need to select customers from the menu bar.
- And then, choose the option to create statements.
- Once done with that, you need to select the option to go to payment reminders.
- Or can select customers.
- Followed by selecting payment reminders.
- Now choose schedule payment reminders.
- And also select new schedule and statement options, respectively.
Benefits of automated statements reminders
- This feature will save a lot of time by automating recurring statements to different customer groups based on their needs or tendencies.
- Also, you can get paid faster by regularly reminding customers what they owe.
- With this feature, you can get paid faster by automatically reminding customers when payments are due.
- Moreover, customize the reminders for specific customers, so that you can keep healthy business relationships and be confident that you get paid on time.
QuickBooks Desktop Manager
The QuickBooks desktop manager can be used for installing any non-subscription owned QuickBooks desktop products, especially starting with the year 2010 through the latest version. It should be noted that, for subscription products, only supported versions of QuickBooks desktop will be accessible when it comes to installation.
You can download the latest QuickBooks desktop manager tool from here.
You can find and install all the QuickBooks desktop products with much ease that too from a single management tool. All you have to do are four simple clicks to install or upgrade the QuickBooks desktop.
The important point here is that the QuickBooks desktop manager doesn’t include owned licenses of QuickBooks point of sale or QuickBooks for Mac.
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To conclude!
At the end of this article, we expect that the information shared might be enough to start with the QuickBooks desktop enterprise 2021. However, if you need any technical guidance or for any further information, get in touch with experts at 1-800-761-1787. Our Certified QuickBooks ProAdvisors will be happy to help you in providing the best possible support services.
FAQs’
QuickBooks Desktop Enterprise 2021 is not cloud-based, and can only be installed locally on the computer.
Yes! QuickBooks Desktop Enterprise 2021 exhibits compatibility with a myriad of third-party programs and can be integrated with them. The integration is done as it can potentially boost business operations pertaining to e-commerce, inventory management, CRM, time tracking, etc.
Yes! You can import data from other accounting programs to QB Desktop Enterprise 2021.
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