QuickBooks Desktop Premier 2018 has been released which focuses on several new as well as improvements to existing ones that help accountants and their clients complete tasks with less effort.
In this article, we tried to discuss all the major changes that we should know about QuickBooks Desktop Premier. Along with that, we will be comparing the features list by the version year 2018, 2017, 2016 & 2015. Also, we will let you know what is the system requirements to install and setup.
If you have anything to discuss with us or need any technical support, feel free to reach our QuickBooks customer service team. Simply dial our helpline +1-855-441-4417.
What’s New in QuickBooks Desktop Premier 2018?
Now you can also get your work done significantly & faster with windows open across multiple Computers. Read more about it here Multi-Monitor Support features in QuickBooks 2018
You can add flexibility and insight to your business with newly customizable inventory reports.
Searchable Chart of Accounts:
It’s easy to find an account or sub-account with an added search bar in the Chart of Accounts. Search by account name or number.
Now, you can get valuable insights in a single click and compare your performance on either a cash or accrual basis.
Do tasks unique to your industry quickly.
- General Business:
- Easily manage inventory items
It is used to locate items and complete inventory related tasks all in one place using the Inventory Center in QuickBooks.
Track your balance sheet by class
Use this built-in, easy-to-access report to track your financial data separately by location, department, etc.
Bill clients progressively by job phase
It is used to Track and bill clients by time and material, job phase, whatever works best for your unique business.
Create ‘Jobs by Vendor’ report
It Organizes your job costs by vendor, and see which vendors still need to be paid.
Create job estimates and track change orders
As job changes simply enter change orders into the estimate to keep track of the changes & their impact on your bottom line.
Related Article: QuickBooks Pro 2018 – New in QuickBooks Desktop Pro 2018
Analyze job profitability
Customized job cost reports allow you to see a job’s profitability on a detailed and task-by-task level.
Manufacturing & Wholesale:
Track inventory reorder point by vendor
It is used to track inventory and set optimal inventory levels. Also, it Runs a report showing items that need reordering.
Track profitability by product
Always Keep track of your biggest moneymakers so you will know which products to promote and keep in stock, and which to drop from your line.
Easily prioritize which orders to fulfill
You can see all open sales orders and prioritize them how you want. Instantly see which orders can be shipped and which can not.
First Create end-of-year donation statements
You can see who your biggest donors are and also you can track their contributions.
Create Form 990 (Statement of Functional Expenses)
Now, Identify your expenses for presentation to your board, major donors, and the IRS.
Run donor contribution summary reports
You can track each donor’s contribution total as needed.
Track unbilled time and expenses
You can see all clients with unbilled time and expenses by employee, project, client or service on a single screen. Also, you can easily send an invoice in just a few clicks.
Set different billing rates by employee, client, and service
Now, Pay and also get paid the right amount by quickly and easily set different billing rates.
Analyze profitability by project and client
Reports like Billed vs. Proposal by Project, Cost-to-Complete by Job, and Job Costs by Job & Vendor help you stay on top of which projects are most profitable.
Easily track sales results
Track sales accurately & flexible with the Sales Summary Form. Enter total payments and taxable/non-taxable sales for the day, week, or any time period you choose.
Stay on top of inventory and costs
Now you can easily track inventory and also set reorder points.
Run a profit and loss report
You can easily compare one month’s profit and the loss against another.
Comparison b/w the features list by version year of QuickBooks Desktop Premier:
|Feature List by Version Year||2018||2017||2016||2015|
|Add flexibility and also an insight into your business with newly customization inventory reports.||✔|
|Get your work done significantly faster with windows open across multiple monitors.||✔|
|Save time with a new searchable Chart of Accounts.||✔|
|Help deliver your payroll taxes on time with a payroll liability reminder on the home screen.||✔|
|Compare business performance on a cash or accrual basis with one click.||✔|
|Automated reports also let you know that your reports are on time and accurate based on the data provided, automatically generated and emailed to you when you schedule them.|
|Smart search is a personalized autocomplete feature, therefore, helps you search for names, account numbers, and transaction amounts quickly.|
|Reports filters are now easily viewable and can be applied to multiple reports and viewed on one screen.|
|Bill Tracker lets you see the status of your bills, print or close purchase orders, and more, making it easier than ever to manage payables.|
|Manage forms in a single step—unclutter your “send forms” queue in a single click.|
|Advanced reporting features include a “this year to last month” filter.|
|Get the full picture of your business performance — see your profit and loss, income and expenses, and top customers instantly on the new Homepage Insights.|
|Find all reminders and notifications in one single window – overdue items, to-do tasks, system notifications, and notes from accountants.|
|View and pin important notes about customers, vendors, and employees.|
|View shipping rates, print labels, and track packages through UPS, FedEx or USPS.|
|Add multiple attachments, customize email templates to include customer or job info, and see prior email conversations with powerful email capabilities.|
|See all your income-producing transactions in one spot, including overdue invoices so you can remind customers to pay up with new Income Tracker.|
|Pull in all your banking transactions from multiple banks and accounts so you can view and categorize them for tax time||✔||✔||✔||✔|
|Track bounced checks and see key reports with just one click.|
|Invoice multiple customers for time and expenses in one batch.|
|See your invoices, billing, and other important tasks in a Calendar View.|
|Access your inventory items all in one place with the Inventory Center.|
|Attach and store documents in the Document Center||✔||✔||✔||✔|
|Access industry-specific report templates created by other QuickBooks Premier users.|
|See all your key customer information at a glance with the Customer Snapshot.|
|Set up Memorized Transactions for recurring billing, invoices, and estimates.|
|Create professional-looking invoices and forms.|
|Track sales, sales taxes, and customer payments.|
|Send invoices and estimates right from your business Yahoo!, Gmail, or Hotmail account.|
|Create and print deposit slips.|
|Easily print checks, pay bills, and track expenses||✔||✔||✔||✔|
|Import your contacts from Excel or other email address books.|
|Allow up to 5 users to work in QuickBooks at the same time.|
|Set individual user permissions to control access to sensitive information.|
|Create a copy of your company files for your accountant.|
|Track your balance sheet by class such as a location, department, or profit center.|
|Import data from Excel, Quicken, and prior QuickBooks versions.|
|Download bank and credit card transactions directly into QuickBooks.|
|View customized sales and profitability reports.|
|Run ‘Cost to Complete Job’ report.|
|Track time and expenses by employee, project, client, or service.|
|Bill clients progressively by the job phase.|
|Document and track change orders.|
Desktop System Requirements:
- Windows 7 SP1, 8.1 Update 1, or Windows 10 (all 32 & 64-bit)
- Windows Server 2008 R2 SP1, 2012 R2, and 2016 also.
- 2.4 GHz processor
- 4 GB of RAM (8 GB recommended)
- 2.5 GB disk space recommended (additional space required for data files)
- 4x DVD-ROM drive (unless the user is downloading from Intuit server)
- Payroll and online features also require Internet access (1 Mbps recommended speed)
- Product registration also required.
- Optimized for 1280×1024 screen resolution or higher. Supports one Workstation Monitor, plus up to 2 extended monitors. Optimized for Default DPI settings
Checkout system requirements of some other QuickBooks products:
⇒ System requirements for QuickBooks
INTEGRATION WITH OTHER SOFTWARE:
- Microsoft Word and Excel integration requires Office 2010, 2013, 2016, or Office 365 (32 & 64 bit)
- E-mail Estimates, Invoices and other forms with Microsoft Outlook 2010-2016, Microsoft Outlook with Office 365, Gmail, Yahoo! Mail, and Outlook, other SMTP-supporting e-mail clients
- In addition to this Transfer data from Quicken 2015-2017, QuickBooks 2004-2017, QuickBooks Mac 2016 and Microsoft Excel 2010, 2013, 2016, Office 365 (32 & 64 bit)
- In conclusion, we require Internet Explorer 11 (32-bit)
That’s all we have on this blog. Mention your thoughts via your comments. If you need instant QuickBooks error support, dial our help desk +1-855-441-4417.
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