You really do not want to miss the January edition of "QB Talks." At QBTalks on Jan. 18, 2023, at 2 p.m. (EST), you will discover the powerful capabilities of QuickBooks Enterprise focusing on the new 2023 features, and you will earn CPE for attending.
Esther Friedberg Karp will provide you with an introduction to upgrades like the new Cash Flow Hub, enhanced Track Vehicle Mileage feature and reports optimization.
The features she will dive into include: Item Categories, Expiration Dates for Advanced Inventory Serial/Lot tracking users and Intercompany Transactions.
Murph will return to "QBTalks" to host Esther during her presentation, making his typical "no-holds-barred" comments regarding each of the new QuickBooks Enterprise features.
Item Categories — provides a more effective way for Enterprise users to manage their inventory with user-defined Inventory Item Categories. Users can even establish a hierarchical system for their Inventory items by creating up to four (4) levels of subcategories.
Enterprise is expanding the number of ways to track and report on items using this new item categorization convention. Presently, users can run various Inventory item-related reports, including the new "Category" field in those reports and view (sort or filter) report items by category, but more is on the way.
Expiration Dates — allows Enterprise users to add Expiration Dates to lot or serialized products during acquisition (or inventory receiving) and then view those dates in sales transactions. They also can get various reports based upon the expiration dates of their serialized or lot tracked products.
Source: Image captured from a pre-release version of QuickBooks 2023.
This long needed enhancement helps to ensure that QuickBooks Enterprise can meet the needs of mid-to-larger businesses that must meet requirements for tracking products with expiration dates in a wide variety of industries such as food & beverage, nutrition, cosmeceuticals, pharmaceuticals, etc.
Intercompany Transactions — until now, businesses with multiple related companies have needed to manually create the same transaction in multiple QuickBooks company files to record intercompany financial activities correctly. New for 2023, Enterprise1 users can create relationships between multiple QuickBooks Company files, post intercompany transactions (bills/checks) with the related Companies and keep track of all intercompany transactions.
Source: Image captured from a pre-release version of QuickBooks 2023.
While this feature is still a work in progress and the development team is enhancing the capabilities, for those businesses with multiple related companies, it presently can save a great deal of time when entities share business expenses.
Esther
Murph
The New Year, and January's "QBTalks," is the perfect opportunity to reconnect with "QB Talks" if you have fallen out of the habit of attending Insightful Accountant’s monthly webinars about what’s new with QuickBooks.
Be sure to join Esther and Murph Wednesday, Jan. 18 at 2 p.m. (EST).
REGISTER HERE FOR THE JAN. 18 – 2 p.m. (EST) QBTALKS WEBINAR
Learning Objectives for this CPE Eligible event are:
- Identify the new features of QuickBooks Desktop Enterprise
- Learn how to use the new features in QuickBooks Desktop Enterprise to the best advantage
- Specify new and improved features for 2023 that have been introduced to the entire QuickBooks Desktop lineup
Footnotes and Disclosures
1-feature limited to Enterprise Platinum, Diamond and Accountant within the United States.
As used herein, QuickBooks and QuickBooks Enterprise refer to one or more registered trademarks of Intuit Inc.; a NASDAQ publicly traded "INTU" corporation, headquartered in Mountain View, California (USA).
This is an editorial feature, not sponsored content. No vendor within this article has paid Insightful Accountant or the Author any remuneration to be included within this feature. This article is provided solely for informational and educational purposes.
Publication of this article does not represent an endorsement by either the author or Insightful Accountant.
Note: Registered Trademark ® and Copyright © symbols have been eliminated wherever practical from this article for brevity due to the frequency or abundance with which they might otherwise appear or be repeated. Every attempt is made to credit such trademarked products or copyrighted materials within the respective article footnotes and disclosures.
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