If you’re currently using QuickBooks Desktop 2017, or an older version than that, you’re probably wondering what you’ll gain by updating to the 2020 version. Aside from ongoing support and security updates, there are also several new features in QuickBooks 2020.
Automatic Payment Reminders
If you send invoices to your customers through QuickBooks, these reminders can be set up to go out automatically if payment isn’t received after a certain period of time.
For example, you could have reminders go out after 30 days, 60 days, and so on if the client hasn’t paid your invoice.
Add PO Numbers to Email
If you accept purchase orders from your customers, you can include the PO number when you send them an invoice by email. This can help your customers reconcile things on their end as well as help you ensure the payment gets applied correctly.
Combine Invoices in a Single Email
Instead of having to send a separate email for each invoice, you can send them in a single email now. This can make it easier to manage periodic billing or to resend invoices at your customer’s request.
Enhanced Reporting
QuickBooks Desktop Pro 2020, along with the Premier and Enterprise Solutions versions, has added new reports and improved some of the existing ones. You’ll have more flexibility in reporting your accounting data as well as better insights into how your business is doing.
Should You Upgrade Your Copy of QuickBooks Desktop?
Bottom line is if you’re using a version of QuickBooks Desktop that’s older than 3 years, you should update to the latest version to be sure you can still get support and security fixes. If you’re using a version that’s less than 3 years old, you don’t need to worry about it being discontinued. You only need to upgrade the software application if the current version offers new features that you would like to have or you use services from Intuit like payroll, credit card processing or online backup.