Every year, QuickBooks updates its New Features of QuickBooks Desktop 2023 and functionalities and releases a new version. You should be aware as a Quickbooks user that the updated Quickbooks Desktop 2023 version was already made available in 2022. However, Quickbooks Desktop 2018 and 2019 users must update to Quickbooks Desktop 2023, the most recent version, if they still use the older versions of the program. The QuickBooks Tool Hub has tools at your disposal to help you fix any issues that may arise. As you undoubtedly already know, software updates are crucial because they add new features that boost Quickbooks’ productivity, instantly impact your work and business, and increase the effectiveness and efficiency of your enterprise.
Introducing the New Features of Quickbooks Desktop 2023
There are features in QuickBooks Plus 2023 desktop that can help you make better decisions and be more productive and efficient. The following are a few quick features and capabilities of the desktop version of QuickBooks Plus 2023:
1. Upgraded mileage tracking:
Although the ability to track a vehicle’s distance is not a new feature added to the QuickBooks Plus 2023 desktop, users can still use it. You can get to this via the business menu. It should be mentioned that mobile devices with iOS support can update their mileage tracking.
2. Fresh Cash Flow Center:
This new feature makes it simple to monitor, control, and review cash flow. Access to tracked accounts is provided by the Cash Flow Hub feature, which functions as a central hub. This monitors inflow and outflow transactions and aids in keeping track of the cash that is available. In addition, account balances can be viewed, accounts can be added to the list of tracked accounts, cash balance trends can be examined, cash flow center performance can be tracked over a predetermined period of time, and past-due bills can be paid.
3. The most recent Card Reader Node:
The newest Node Card Reader is an additional feature. With an active QuickBooks Payments account, this feature is accessible for QuickBooks Desktop Pro Plus, Premier Plus, Account Plus 2023, and all other QuickBooks Desktop Enterprise 23.0 versions. By selecting the Select Customers tab and then selecting Payments Received from the menu bar, you can quickly access this feature. This feature enables users to access contactless cards, Apple Pay, Google Play, and numerous other customer payment methods. It also supports the most recent Node card readers.
4. Verification of Income:
This new feature automates user requests for verification of income and employment information through a partnership between Equifax and QuickBooks. Use the payroll service content for the QuickBooks desktop. This feature facilitates and expedites the process of responding to information requests. You can now see the Benefits & Personnel tab in QuickBooks Desktop Options. Income and Employment Verification will be a section under the Company Options tab.
5. Date of Inventory Expiration by Lot Number:
QuickBooks Desktop Enterprise and Enterprise Accounting 23.0 both have the inventory Expiration Date on the Lot Number function. To utilize this feature, sign in as an administrator user. Next, choose the options and edit tabs. Next, choose the options and edit tabs. After finishing, users must click the Advanced Inventory Settings button and proceed to the Serial/Lot & Expiration tab. When enabled, users are able to select which items need lot numbers and, if applicable, expiration dates.
6. Procedure for Authorizing Purchase Orders and Invoices:
QuickBooks Desktop Enterprise (Platinum, Diamond) 23.0 and QuickBooks Enterprise Accounting 23.0 both have this feature. To set up the approval process, users only need to log in as admins. Then, choose Configure approval workflow for access under Enterprise from the menu bar. One can simply maintain business monitoring and contribute to the reduction of fraud when order and invoice approval functionality is combined into a single dashboard.
2023 Quickbooks Desktop New Features
These are the enhancements and new features included in the most recent QuickBooks Desktop 2023 update.
1. Inventory:
Organize your inventory with the brand-new category list view. Reports can be filtered using categories, and moving multiple items allows you to select and move items. The most recent expiration status report is also available for viewing.
2. Center for Cash Flow:
In the All Accounts section of the Cash Flow Center, there are banks that are directly connected. You can now keep track of balances and add bank accounts in one location.
3. View-only mode:
After your subscription expires, you can read more about QuickBooks desktop view-only mode.
4. Transactions between companies:
Date range filters are now used in reports and dashboards between companies. Additionally, edit an entry in the inter-company general journal for each amount and account field. Account-specific defaults are altered when inter-company transactions are approved.
5. 1099 Modifications:
The new NEC and MISC 1099 forms now have a different year position.
6. Payment Compliance for Money Transfer Authorization:
The payment receipt is now Money Transfer Authorization compliant after the online payment processing is finished. On receipts, you can now see information such as the authorization code, transaction date, payment method, and total amount paid.
7. Fixes for bugs:
It is now possible to use the Inventory Valuation Summary report with the SDK API. Furthermore, invoices can now support pricing rules for an item with a sales price of $10,000 or more, a feature that was not available before. The company file is now opened when the import shortcut from the non-company opens on the desktop.
Conclusion:
We hope you don’t have any more questions or concerns about Quickbooks Desktop 2023 now that we’ve added nearly all of the new features. We hope you find this article satisfactory. Update your Quickbooks desktop, or whatever Quickbooks version you are using, for optimal performance and increased business efficiency. If you are looking for an Intuit Quickbooks Login, this page has more information. Updates expand on the benefits of utilizing Quickbooks. You can hire specialists whose roles and responsibilities are to help you resolve your queries if you have any questions about Quickbooks.
