What's new in QuickBooks 2008

New to You

While we're very proud of the new features added in the 2008 editions of QuickBooks, we wanted to point out several very popular features already in the products that you may or may not know about.

Top 10 "Did you Know" Features in Accountant Edition

Financial Statement Designer View Tour



1. Financial Statement Designer
   You can make use of easy to use tool to build customized, GAAP compliant financial statements, compilation letters, title pages and accompanying notes with the built-in statement design tool and document editor: You can design a statement from scratch, or customize one with your own headers footers and formulas, which you can then save as a PDF and attach the complete set to the client's QuickBooks file. To access this feature, go to "Accountant" drop down menu and select this option. See Flash Demo.


2. Accounting Controls
   By using features such as; Always on Audit Trail, Set Closing Date and Close Period Exception report, you can have the peace of mind in knowing that changes made by the client will not have to lead to surprises or confusion in your collaboration. To use these features, go to Reports drop down menu, select Accountant/Taxes menu and choose action desired.



Working Trial Balance View Tour



3. Working Trial Balance
   You can review and adjust account balances all in one place. You can view beginning balances, current period transactions, period adjustments, and ending balances for any time frame, enter workpaper references, make adjusting entries and print an adjusted trial balance. You can use the QuickZoom tool to source transactions from account balances. To access this feature, go to "Accountant" drop down menu and select this option. See Flash Demo.


4. Master Program Toggle
   Accountant Edition 2008 contains all the different QuickBooks 2008 accounting software - Simple Start, Pro, Premier and the Premier industry-specific editions, so you can access the same screens and features in your clients' QuickBooks software. See the same screens your clients see in their QuickBooks edition and quickly answer their questions. To use this feature, go to the File drop down menu, and select Toggle.


5. Bank Reconciliation
   You can quickly reconcile client bank statements and customize the layout of the reconciliation screen for quicker data entry. In addition, if your client has forced a bank reconciliation, the discrepancy will now be posted to a new G/L account on the P&L called Reconciliation Discrepancies. This allows you to quickly find and correct the discrepancy. To use this feature, go to the Banking Drop Down Menu, and choose reconcile option. To view discrepancies, go to the List drop down menu, and select Chart of Account and then Expenses.


6. Control + Y
   When these keys are pressed on any Form in QuickBooks (ie: Sales Invoice, AP Bill, Check, etc. ) QuickBooks will show you the back-end Journal Entry, in debits and credits, highlighting QuickBooks foundation as a true double-entry accounting system.


7. Unit of Measure
   The feature enables clients to easily translate inventory from one unit of measure to another. This helps prevent costly errors that occur when products are ordered in one unit of measure (example: pallets), then sold in another unit of measure (example: cases). To use this feature, go to the List drop down menu, and look for the Unit of Measure option. You must be in the items for the appropriate measures to appear.


8. Add an Icon
   Clicking "View, Add (transaction type) to icon bar" when you are in any type of transaction, will allow you to add an icon so that you can quickly get to your most frequently used transactions. Setting up an icon for credit card charges and customer payments alone has saved time even over the (already fantastic) home screen.


9. Free Conversion Tool available
   The QuickBooks Conversion Tool is a free downloadable tool that easily imports your Peachtree, Microsoft Small Business Accounting and Microsoft Office Accounting business data, balances, and historical transactions to help you and your clients pick up your books where you left off. Download the tool here


10. Retained Earnings Drill Down w/ Closing Details in General Ledger
    This feature helps the accountant troubleshoot any discrepancies between last years ending balances per the accountant, and this year's beginning balances per the client. This can be found by going to the Reports drop down item, then selecting Accountant/Taxes and choosing General Ledger.

<< Back to top