QuickBooks Desktop Premier 2018 – New & improved features

QuickBooks Desktop Premier 2018 – New & improved features

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 have 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 844 551 9757.

Also see: How to update QuickBooks to the Latest Version

What’s New in QuickBooks Desktop Premier 2018?

Multi-monitor support:

Now you can Get your work done significantly & faster with windows open across multiple Computers. Read more about it here Multi-Monitor Support features in QuickBooks 2018

Multi monitor QuickBooks Desktop Premier 2018

Inventory reports:

You can add flexibility and insight to your business with newly customizable inventory reports.

Learn more: Enhanced Inventory Reports – New in QuickBooks Desktop 2018

QuickBooks Desktop Premier 2018
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.

Read more about it here: Chart of Accounts Search in QuickBooks 2018 Desktop

Chart of Accounts Search in QuickBooks 2018 Desktop

Cash/accrual toggle:

Now, you can get valuable insights in a single click and compare your performance on either a cash or accrual basis.

Cash/accrual toggle: QuickBooks Desktop Premier 2018

Also see: Troubleshooting QuickBooks Desktop Update Errors

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.

General Contractor:

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.

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 fulfil

You can see all open sales orders and prioritize them how you want. Instantly see which orders can be shipped and which can not.

Nonprofit:

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.

Professional Services:

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 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.

Retail:

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 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
New! Add flexibility and insight to your business with newly customizable inventory reports.   ✔
New! Get your work done significantly faster with windows open across multiple monitors.   ✔
New! Save time with a new searchable Chart of Accounts.   ✔
New! Help deliver your payroll taxes on time with a payroll liability reminder on the home screen.   ✔
New! Compare business performance on a cash or accrual basis with one click.   ✔
Automated reports 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 that helps you search for names, account numbers, and transaction amounts quickly.  ✔   ✔
Reports filters are now easily viewable and can be applied across 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 in 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 job phase.  ✔   ✔   ✔  ✔
Document and track change orders.  ✔   ✔   ✔  ✔

Desktop System Requirements:

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
  • 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 user is downloading from Intuit server)
  • Payroll and online features require Internet access (1 Mbps recommended speed)
  • Product registration 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 Pro/Premier & Enterprise 2018
⇒ System Requirements for QuickBooks for Mac
⇒ System requirements for QuickBooks 2018
⇒ What are the System requirements for QuickBooks POS?

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
  • Transfer data from Quicken 2015-2017, QuickBooks 2004-2017, QuickBooks Mac 2016 and Microsoft Excel 2010, 2013, 2016, Office 365 (32 & 64 bit)

BROWSER REQUIREMENT:

  • Internet Explorer 11 (32-bit)

That’s all we have in this blog. Mention your thoughts via your comments. If you need instant QuickBooks error support, dial our helpdesk 855 441 4417.

Read other trending articles:

QuickBooks Enterprise 2018 – What’s new & improved features in it

QuickBooks Pro 2018 – New in QuickBooks Desktop Pro 2018

System requirements for QuickBooks Pro/Premier & Enterprise 2018



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