With Windows 10 now released, I though it would be worth checking that the desktop version of QuickBooks 2015 works okay with the new Windows operating system. There have been problems in the past when the newly released Windows operating systems have been incompatible with latest desktop versions of QuickBooks.
Windows 10 was released on 29th July 2015. It is a free update to most people with Windows 7 or Windows 8. If you are wondering where Windows 9 went to, it has been suggested that to the German speaking market it would sound like Windows No!
I tested the installation on a spare laptop that I have. It usually pays to be cautious when adopting new technology. In the first weeks and months of a new operation system release there are usually incompatibilities that get noted and fixed at a later date. So I will not be installing Windows 10 on my office PC until I am certain that the majority of this problems have been worked out.
Installing QuickBooks 2015 Desktop version
I installed the latest version of QuickBooks 2015 desktop (this is currently QuickBooks 2015 Release 6) on to my spare laptop.
QuickBooks 2015 and Window 10 results
So far after a couple of days of testing I couldn’t find any incompatibilities with QuickBooks 2015 and Windows 10. Hopefully this will stay the case but if I pick up any problems with QuickBooks I will report back via this block.
QuickBooks is the copyright of Intuit Ltd
Windows 10 is the copyright of Microsoft Corporation
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What is new in QuickBooks 2013?
I have not yet received my copy of QuickBooks 2013 yet, but so far I have found out that the following are likely to be in the new version:-
New User Interface. We can expect an overhaul of the graphical layout of the software. In particular there will be a customisable navigation bar on the left hand side. We are promised fewer clicks to get things done.
Keep a track of leads in QuickBooks. For the first time you will be able to keep sales opportunities and business leads within QuickBooks. If this lead turns into new business you can covert the lead into a customer without having to reenter the contact details. You will also be able to rate the leads as hot, warm or cold.
Easier to send your accountant figures. QuickBooks have simplified the process of sending your accountant your latest figures.
QuickBooks 2013 is about to be released. I would expect QuickBooks 2013 to be released in the next week or so.
We have got used to releases from QuickBooks every 2 years, so it’s unusual for them to release QuickBooks 2013 so soon. In America QuickBooks release new versions every year. So hopefully the release of QuickBooks 2013 will bring the UK annual releases.
Normally I get involved in the beta testing of new versions of QuickBooks, but due various commitments this year I did not sign up for testing this time. So I can’t give you a sneak preview this time – sorry!
What can we expect in QuickBooks 2013
QuickBooks new releases are usually evolutionary rather than revolutionary, so I don’t usually recommend that people automatically update each time a new version is issued.
Should you update to QuickBooks 2013?
If you are using QuickBooks Payroll you will have to update when older versions no longer have payroll support. If you are still using QuickBooks 2008 or earlier you may find the improved VAT control features and better customer and supplier visiblity worth changing for.
As a QuickBooks Professional Advisor I will automatically get a new version of the software when it is released, so I will report back if there are any “must have” features in the new release.
If you have any questions, or if I can help with any QuickBooks issues, then please get in touch.
QuickBooks have quietly released a UK version of QuickBooks Enterprise Solution. Its full title is QuickBooks Enterprise Solutions 12.0.
QuickBooks Enterprise edition has been available in the USA for over a decade. So it is good to see that the QuickBooks Enterprise edition has at last been released in the UK.
Some UK QuickBooks users have found that as their business grows, they run into capacity problems with QuickBooks. For example QuickBooks Pro and Premier editions have a maximum of 14,500 list items. The new QuickBooks enterprise solution now allows a maximum of 1 million list items.
QuickBooks Enterprise UK editions’ key features are:
Ability to track up to 1,000,000 customers, suppliers and items
Advanced access and permission set up for up to 30 concurrent users
Greater data sharing capability and advanced analysis
Merge company reports for a wider perspective
Up to 750 different pricing levels
QuickBooks Enterprise UK YouTube video
What is good and bad about QuickBooks Enterprise UK edition
The Good things about the QuickBooks Enterprise version
Increasing the limit of customers and items will help those companies that would have previously had to move away from QuickBooks when their company grew too large.
The user interface of QuickBooks Enterprise UK edition is almost identical to the current QuickBooks 2012 desktop products. Anyone who has used QuickBooks Pro or Premier edition will have no problems navigating around the new software.
Migration from QuickBooks Pro and Premier to Enterprise looks straight forward.
With the QuickBooks Enterprise UK edition you would be able to have separate sites in the organisation produced their own separate QuickBooks company files. You can then combine the separate QuickBooks reports into an overall of the organisation.
QuickBooks Enterprise UK edition allows exact control over what individual users can see and do.
Improved output of reports to Excel, Access and Crystal reports
The Bad – Things I don’t like about this version of QuickBooks
In the American version of QuickBooks Enterprise they have superior stock control handling. For example the American version of QuickBooks Enterprise they are able to:
Track serial numbers or lot numbers.
Use first in first out (FIFO) stock costing
Track stock in multiple locations
Transfer stock from one location to another
Track stock in multiple warehouses
Unfortunately none of these options are available in the UK QuickBooks Enterprise UK edition. However I have been told that the next version that follows this 2012 release should have these features included.
Although the ability to export data from QuickBooks Enterprise UK edition has been improved, there doesn’t appear to have been any attempt to improve data importing facilities.
Back in 2009 I joined the QuickBooks Professional advisor scheme in the USA and I saw how far behind the States we are in terms of the features in our UK QuickBooks software. So it is good news that we are at long last getting QuickBooks Enterprise in the UK. It would have been good to have had the additional stock control options and improved import facilities from external systems. You can find out more about QuickBooks Enterprise from the QuickBooks UK website.
If the owner of a business put his own money into a company, they can at a later date take the money out and not pay income tax on the money. In the the video below I show how to set up the accounts you need on QuickBooks to do this. The business owner puts the money into an equity account in QuickBooks. This account has separate sub-accounts for Owner’s Drawings and Owner’s Contributions.
In the video I encourage you to enter into QuickBooks any business related expenses as a bill, even if the owner has used his on money. QuickBooks only allows bills to be paid via a bank account or credit card. For this reason I suggest that you create a new bank account called Suspense just to allow the bill to be paid. The Suspense account is not a “real” bank account so it should always be zero. The video shows how to transfer the balance in to the owner’s contribution account.
At a later stage the owner can with draw his own money from the company without having to pay income tax. A payment from the current account can be made and this is linked to Drawings sub-account. All this is demonstrated in the video below: