QuickBooks update: November 2014

By Jake Martin

2 min read

We’re pleased to announce another big QuickBooks Online (QBO) release! As always, we’re thankful for your feedback! Keep it coming!

 

Major changes:

  • Custom Form Styles: Create multiple templates for your sales forms (invoice, estimates, and sales receipts). Gear > Custom Form Styles or Gear > All Lists > Custom Form Styles.

The new customization features will provide you with greater control on how you communicate to your respective customers. We’ll be introducing more customization features in the next few months, so stay tuned!

 

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  • Customers split view. Easily navigate between customers! Click the “Customers” button in the left navigation bar.

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  • Redesigned settings for everyone. If you used to see old preferences, now you’ll see new settings. It’s cleaner and easier to read!

Go to “Gear” and then to “Company Settings”.

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Bank feed changes:

  • Import/export bank rules1. You can now export bank rules to an .xls file, and then import them to other QuickBooks companies. Choose which rules to import, and easily set up vendors and accounts in the destination company to support the new rules. This is convenient if you manage multiple companies, like accountants do. Go to Transactions > Banking > ▼ to the right of Update > Manage rules > ▼ to the right of New rule > Import/Export rules.

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  • Match transactions filtering. When you click a transaction and select “Find Match”, the Match transactions window lets you filter transactions by type. Go to Transactions > Banking > click a transaction > Find match >

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  • Partially match invoices. For example, a £8,760 deposit can fully or partially match multiple open invoices. Transactions > Banking > click a transaction > Find match.

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  • Home page tasks. If you have sales transactions in your print and send queues, checks you need to print, payments you need to deposit, and recurring transactions you need to act on, you can find this information, directly on the  home page!

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Other changes:

  • You can now view recurring templates from customer page. Filter transactions by a customer’s recurring templates. Customers > click a customer > Filter > Type > Recurring Templates.

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  • Print blank table lines2. When you group items on a sales form by adding blank lines between items, these blank lines now appear on printouts. Create (+) > Invoice.
  • More enhanced lists. The following lists have been refreshed with enhanced list features: Chart of Accounts, Recurring Transactions, Products and Services, Locations, Payment Methods, Terms, and Classes. Gear > All Lists.
  • Transactions > Chart of Accountsreplaces Transactions > Registers, with improved accessibility.

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Notes

  1. If you missed it, here are bank rule basics.
  2. To print blank table lines, turn off service dates and group activity first.
  3. Want to try these updates using sample data? Check out the QuickBooks test drive.

 

 

NO VAT Tax code:

 

  • NO VAT tax code replaces ‘Out of Scope’ (only visual change)
  • NO VAT is now also a tax code, i.e you can edit an account in the COA and code ‘NO VAT’ against an account i.e Directors Loan account. Why is this good? – within Online Banking every time you have a transaction which needs to be applied to Directors Loan (in this example) the Default VAT code (NO VAT ) will automatically be applied… so no more manually having to code in VAT codes for these type of transactions in the Online banking experience.
  • NO VAT Reports, get a list of ALL the transactions where NO VAT code has been applied.

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If you have any questions, please don’t hesitate to get in touch with us.

 

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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