Wednesday, October 10, 2012

QB for Mac 2013: Major Changes in Bank Reconciliation, New Functionality to Attach Files to Transactions; Encrypt Back-Up Files

"What’s New in QuickBooks® for Mac 2013", Intuit News Central,by Victoria Cameron and Shelly Robbins, October 10th 2012.
QuickBooks® for Mac 2013 is so full of substantial improvements and exciting new features, that we will insist that all of our Mac clients upgrade. Here’s what we don’t want them to miss:

Bank Reconciliations – NEW and IMPROVED
This very important area of small business accounting has finally received the overhaul that accountants and former users of QuickBooks’ Windows versions have been requesting. The new features make reconciliations faster, particularly for bookkeepers and accountants who often have to do several months at once or may find themselves having to correct a client’s mistakes.
1. Statement Date: In 2013 the Statement Date is entered in at the beginning of the Reconciliation Process rather than at the end.
2. Undo Last Reconciliation button: Previously, Mac users had to manually uncheck every transaction to undo a bank reconciliation and start over.
3. Sortable Columns: The Reconciliation Window is now sortable by columns: Date, Check#, Payee, Amt.
Exclude Transactions: Now you can exclude transactions after the Statement ending date, simplifying the process of doing older reconciliations.
4. Reconciliation Discrepancies Account: Any minor discrepancies written off at the end of the process are now properly posted to a new account called Reconciliation Discrepancies rather than to Opening Balance Equity.
Read the full article on the Intuit Accountants News Central

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