QuickBooks Desktop 2021: What To Expect

Intuit, the founder of QuickBooks, is known to offer best-in-class features and functionality to add more value to its services. For the past decade, it has continuously improved its services by customizing QuickBooks as per the customer’s need.

Each year, a new version is introduced with additional features that enhance QuickBooks’ capability and eases the business tasks for its users.

Likewise, for the recently released QuickBooks Desktop 2021, there are some improvements and changes in its new product line.

Here are the summarized points of the expected features:

1. Improved Bank Feeds

QuickBooks Desktop offers an online banking feature called Bank Feeds that enables users to download their transactions from various financial institutions. It helps to manage bills and bank transactions so that one can focus more on its core tasks.

There are two primary requirements to get started with Bank Feeds- a bank account at any financial institution that offers services for QuickBooks, and access to the Internet.

Many users reported various issues and errors while working with Bank Feeds in the past, and Intuit seems to have taken these complaints into consideration. Therefore, in its 2021 QuickBooks edition, it has promised an improved Bank Feeds system.

Intuit has optimized the automation process by offering enhanced rules, batch editing, and improved matching for categorizing all the bank transactions.

Additionally, Intuit has clarified that it’s Pro and Premier users can download the financial data from participating banks up till May 2024.

2. Ability To Send Statements Automatically

Last year, Intuit added the feature that automated the process of attaching customer purchase order into the invoices and setting reminders.

Consequently, in its process of reducing tedious manual tasks for its clients, it is ready to introduce the feature that has the ability to send statements automatically. This feature will eliminate the process of creating and sending statements to customers each month by automating the same.

Predefined emails and templates are created during the setup that can be reviewed before sending them to the clients.

3. Customizable Payment Receipts

QuickBooks enables its users to print and send sales receipts. In QuickBooks 2020 version, one can send multiple invoices or receipt attachments via a single email.

Now, in the Quickbooks 2021 edition, Intuit has added the ability to customize the payment receipts as per the requirements. It will further help provide a clearer picture of all the payments and streamline the process.

With the latest update, users can customize payment receipts and add logos to give a professional look to the system.

4. Create Rule-Based Customer Groups

QuickBooks allows users to create customer groups that help to list out and differentiate them as per the requirements.

In the latest version, the rule-based groups can be created based on various fields like client type, location, status, sales, balance, and more. It will further help to manage and automate the communication system.

5. Manage QuickBooks Desktop Tools

QuickBooks Desktop is often used with additional products that need to be managed for a seamless workflow.

Keeping this in mind, Intuit introduced QuickBooks Desktop Manager that makes it more convenient to find and install all the subscription-based and non-subscription based products through this tool.

Final Note

The features mentioned above are just the tip of the iceberg. QuickBooks 2021 is not limited to these attributes. Intuit is also placing greater emphasis on subscription-based QuickBooks services that will be billed annually.

To get a one-time purchase QuickBooks software, one can either contact the Intuit support team or buy it from a QuickBooks Solution Provider that also offers the same at best prices. To know more, contact our Solution Consultants at 855-362-3703.