Bits of Silver

Many may not realize that Intuit supports only three years behind, therefore, if your company is still working in Version ’06 or prior, definitely upgrade to ‘09. You will be very pleased.

Each year Intuit creates improvements, but companies must decide if those improvements will actually make a difference to the way they will use their financial software.

There are three new areas I feel are the strongest reasons to upgrade to the ’09 version. The first is Company Snapshot. This new icon immediately gives a split screen view of your entire company’s finances. You can see a graph of your income and expense trends, a listing of your chart of accounts, accounts receivable and payables, and reminders. If you consider yourself a visual person, this one feature might be worth the upgrade. Second, they have improved the downloading capabilities from your online banking account into your QB files by giving stronger data sorting capabilities. The last, and most important to people such as myself is Client Data Review. The Administrator or external Bookkeeper can access this area to check on everything that has changed since the last review. Merged accounts, changes in items, voided transactions, etc. can all be viewed and then accepted or fixed here. If there are several users in the company program who make changes through the month, this one feature may be the reason an upgrade is warranted.

It is only necessary to upgrade if you feel the new features warrants the purchase price. Remember, making sound financial decisions relies on the information you enter into your Financial Software and if you allot time to review it.