Commonly Overlooked Features in QuickBooks, Pt. 1

As I work with clients, I frequently see that there are features that can be useful but my client was unaware.  So, today’s article takes a look at several features you might find helpful. 

 First, whether or not you have admin privileges, it is worthwhile looking at the preferences. As a user, the My Preferences lets you customize QuickBooks in a way that you prefer.  As the admin, you can turn features off/on in the Company Quickbooks FeaturesPreferences for the company file. Most the items on this list come from the Preferences. (Edit>Preferences).  Personally, I recommend going through the list any time you have a new version installed.  You never know what might have slipped in there that you could use!

Don’t save the desktop – For some unknown reason, the default setting in QuickBooks is Save the Desktop. That means, every window, report you had open, has to open and/or run before you can begin working in QuickBooks.  It can also impact other users if you are in a network environment.  So, either select Don’t save the desktop, or if you have a few that you need to see as soon as you open QuickBooks, then leave those windows open, and then select Save Current Desktop Quickbooks Features

Color 

  • While we’re in the desktop preferences (above), if you like a top toolbar, like I do (so tasks and reports are 1 click away), check” Switch to colored icons”; I find color makes the icons easier to see.
  • If you work in multiple company files, I highly recommend making each company a different color so you know which one you’re using.  Would be disheartening to realize you entered transactions in the wrong company file!Quickbooks Features
  • While NOT in the preferences, if you have multiple bank or credit card accounts, you can make them different colors.  Simply open a bank or credit card account, then click Edit>Change Account Color, then select your color!

 1-line display: Another feature I use for bank/credit card accounts (for me, it’s my default view) is the 1-line display. I find can see more transactions at a time. Quickbooks Features(You don’t see the memo in that view, but that’s just a click away!)

 Top ToolbarQuickbooks FeaturesSince I mentioned icons on the top instead of the side, click on View and you can switch from the left icon bar to the top if you’d like.  

Open Windows –If you’re like me and keep lots of windows open, I like the Open Window features. Then I can quickly move between screens by locating the desired one in the Open Window box that appears on the left.

Reminders –  Did you know you can choose the timing for your reminders? Quickbooks Features

Report Preferences – While there are many changes you can make to a report when you customize, you might appreciate some of the default preferences.

Quickbooks Features

 

 

 

 

 

 

 

(Starting with 2018, you can easily toggle between cash an accrual right on the report page ) 

 

And here’s a look at the default formatting options.  

Notice on the Fonts & Numbers tab (shown below), you can change 

Quickbooks Features

  1. the font
  2. how negative numbers appear 
  3. exclude accounts that have a $0 balance 

 

 

 

 

 

 

Batch Enter –If you find that you are downloading transactions into a spreadsheet, this might be useful.  One aspect it has that you can’t do in the bank feeds is use Items, which is very important for job costing.  This feature is available in the accountant’s edition of Premier and all editions of Enterprise. Quickbooks FeaturesQuickbooks Features

Did you find features you will begin using?  I’d love to hear which ones you found most useful!

If you need help with any of these or would like me to take a closer look at how you use QuickBooks, contact the office.

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