New Features in QuickBooks Desktop and QuickBooks Enterprise – December 2024 Update

Exciting updates have arrived for QuickBooks Desktop Enterprise users as part of the R11 and R9 releases. These enhancements improve usability, reporting, inventory management, and overall workflow efficiency, providing significant value for businesses that rely on the power of QuickBooks. Here’s a breakdown of the most notable updates:

R11 Update Highlights (November 2024)

1. Enhanced Search Capabilities

QuickBooks Desktop now allows you to search across all lists, such as classes, customers, items, and vendors. With a simple search bar at the top of any list, locating specific entries is faster and more efficient.

2. Improved Reporting for Enterprise Users

The Inventory Turnover Report introduced in R7 has been upgraded. Users can now:

• Customize which columns are displayed.
• Filter reports by selected columns for deeper insights into inventory performance.

This report helps businesses optimize stock levels, reduce holding costs, and make smarter decisions on pricing, promotions, and purchasing.

3. Landed Cost Enhancements

Tracking landed costs—such as shipping, duties, and insurance—has become more intuitive. The updated Landed Cost Calculator now includes a memo field for easier bill identification and more accurate markup calculations, streamlining inventory cost management.

R9 Update Highlights (October 2024)

1. Reporting Enhancements

Key improvements include:

• Grid Lines for Reports: Add grid lines to printed reports or PDFs for better readability.
• Report Zoom Feature: Instantly zoom in or out of reports (75% to 225%) without affecting printed output, making it easier to review data on-screen.

2. Improved Sales Order to Purchase Order Workflow

QuickBooks Enterprise users can now link Sales Order line items directly to Purchase Orders, enabling seamless tracking. The accompanying "Sales Orders Linked to Purchase Orders" report consolidates these transactions, providing clarity on vendor and customer details.

3. New Inventory Reports

For businesses managing inventory by lot or serial number, the Inventory Stock Status by Lot Report delivers vital information like site location, bin number, unit of measure, and category filters. This report simplifies tracking inventory across multiple sites and ensures timely management of expiration dates.

4. Prepayment Functionality on Estimates

Following the introduction of customer prepayments on Sales Orders, this feature is now extended to Estimates. Prepayments are accurately tracked as liabilities until applied to invoices, providing clear financial visibility. The new Open Prepayments by Customer report allows users to monitor these transactions effectively.

Why These Updates Matter

These updates showcase QuickBooks Desktop’s commitment to evolving with user needs. Whether you’re a small business managing complex inventory or an accountant handling multiple client workflows, these features save time, enhance accuracy, and simplify day-to-day operations.

Key Benefits Include:

• Faster, more precise searches.
• Smarter inventory management with real-time insights.
• Improved reporting for better business decisions.
• Streamlined workflows for smoother operations.

What’s Next for QuickBooks Desktop Users?

QuickBooks Desktop continues to innovate, with more updates planned for future releases. Whether you're using Pro, Premier, or Enterprise, these enhancements will help you focus less on manual tasks and more on growing your business.

Ready to upgrade or explore the new features?
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Stay tuned for more updates from QuickBooks, and make the most of these tools to drive your success!